Delfin is not getting $14 billion if that is what you are saying. The government “announced its loans are unlocking nearly $30 billion in strategic deals”. Meaning the deals are worth that much, not the loans.
The $750 million referenced by JAB sounds about right and previous cost estimates of $12 billion probably ballooned to $14 billion with inflation is all.
I forget the math and price will change, but I think total project value was like $90 -$130 billion, but across 15-20 years.
Delfin will most likely merge, not because of them, but because the backers need liquidity while they wait until 2030. What if a war happens? They need an out, and a few days for a merger to happen, otherwise the stock dies, is a bit unrealistic. I wouldn’t start to question for at last 30 days.
Jones is listed as the CEO on the SEC filings already. It’s a shell company. They don’t give a hoot about updating the OTC markets website. They likely want to keep the shell as quiet as possible and not telegraph anything. These guys have never said a peep about it ever in all these years. Doubt that happens before an 8-k is dropped
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