The upside right now for Delfin being private is that they’re not required to satisfy public shareholders. They won’t RM until they FID imo.
They won’t FID until they have all licenses/approvals in hand or at least a private conversation stating they’re getting what they need. Right now it’s hinging on DOE & MARAD from what I have gleaned from the board
Perhaps you need to ponder on these question and draw your own conclusion.
Number one question. Is Delfin at fault as MARAD is alluding to change of game plans, in other words is MARAD lying?
Number Two question. Why is the OTC being updated once a week for the past two months as oppose to no updates for the last 6 years prior to that and why no update with the new directors? Perhaps Egan is still in charge of this ticker.
Number Three question. Is 71% controlling interest enough to get them across the finish line? On this quarry go back to number two and this link by Jerry's brilliant post. I have always believed and still believe that Delfin is going to need the rest of those shares that were legacy shareholders that Talisman bought in the open market from legacy shareholders, meaning those shareholders were the ones that bought this ticker when it was dormant for the longest time now Talisman and their group is holding them and some point to make the deal work, they will give those back to Delfin, Delfin needs North of 90% controlling interest to make this deal work and to make it a viable ticker for merger.