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TheGlobe com Inc (PK) (TGLO) News

TheGlobe com Inc (PK) (TGLO)

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Closed February 22 4:00PM

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Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Quarterly Report (10-q)

2520000004414804734414804734414804734414804730001066684--12-312022Q2falseDE1721771956412962157642866614187530302252000001066684us-gaap:RetainedEarn...

Quarterly Report (10-q)

004414804734414804730001066684--12-312022Q1falseDE0001066684us-gaap:RetainedEarningsMember2022-03-310001066684us-gaap:AdditionalPaidInCapitalMember...

Annual Report (10-k)

00441480473441480473DEfalse2021FY0001066684--12-31THEGLOBE COM INC0001066684us-gaap:RetainedEarningsMember2021-12-310001066684us-gaap:AdditionalPai...

Quarterly Report (10-q)

00004414804734414804734414804734414804731277110001066684--12-312021Q3falseDE0001066684us-gaap:RetainedEarningsMember2021-09-300001066684us...

Annual Report (10-k)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form...

Quarterly Report (10-q)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C...

Quarterly Report (10-q)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C...

Quarterly Report (10-q)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C...

Annual Report (10-k)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C...

Quarterly Report (10-q)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C...

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dinogreeves

dinogreeves 23 minutes ago

Yes, I remember people being upset (it might have been confusing to some and still might be to some) and I clearly remember Henouse even chimed in.

senor_c

senor_c 44 minutes ago

My educated guess, based on the comments of the CEO and some of the reports, is that each vessel will be a separate company (LLC for now), and my thinking is that they will all be listed as assets under the parent of Delfin Midstream (including the Avocet vessels and so on), so they won't need to merge. I suspect that they will want to maintain majority ownership of each vessel (or subsidiary company), with the option to buy out an investor or minority owner when the time comes. I think people were originally upset by my theory because they didn't understand the parent/subsidiary concept and that a public parent company can have private subsidiaries, which I maintain will be the case here. It does not change how the parent (Delfin Midstream) would use TGLO to go public.

Mr. C

Mr. C 3 hours ago

Oh yeah, well looks like they coughed up part of that $100 million and have a convertible note to call in soon.

Latham & Watkins spelled the name wrong haha

dinogreeves

dinogreeves 5 hours ago

I remember that post very clearly. Would it be possible that this will play out like LNG merger (merger with each entity as time goes by within the parent company) ? I remember you indicating each FLNG has its own LLC.

chen1992

chen1992 5 hours ago

Thank you both C’s

senor_c

senor_c 6 hours ago

I have a long history with Pyletech. They tried to hide that investment a while back but a law firm leaked it. Those shifty Greeks! In the end, Delfin confirmed the investment in their report to DOE - page 19.

https://www.energy.gov/sites/default/files/2024-03/Delfin%20DOE%20Extension%20request%20%28030124%20FINAL%29.pdf

Mr. C

Mr. C 7 hours ago

Pyletech, I can’t confirm independently. It’s listed on their website, but nowhere else or from a third-party.

It might be old or inaccurate data, but doubtful since it is on the site.

Likely the same thing, early investment in the parent (Not ships) and part of where the $100 million came from to do all of this.

Mr. C

Mr. C 7 hours ago

That’s correct, and both Devon and MOL invested in the parent

senor_c

senor_c 7 hours ago

There's an old post of mine (that no one liked) that went into some of these details. The idea is that each ship will be set up as their own individual subsidiary of Delfin Midstream - a separate company. Also, a while back, I researched the Delaware Business site and found Delfin FLNG 1 LLC. My feeling is that they will create separate LLCs (e.g., FLNG 2 LLC, FLNG 3 LLC, etc) for each vessel. We've seen some third parties already take some investment stake in FLNG 1, so that's not new. I want to say it was MOL (maybe Devon has the option?). Also, we have no idea how the Pyletech investment is being used (although there is a short summary on their site: https://www.pyletech.com/portfolio-item/energy/).

The R/M would be for the parent company, Delfin Midstream - not the subs. I have kids to cart around, but I'll look for that post to see if it refreshes my memory.

chen1992

chen1992 7 hours ago

I was re-reading the MARAD denial from April 2024 and it states, “Delfin was to own and operate the FLNGVs under the license. As discussed in several meetings with the Delfin project team, Delfin now proposes to have the FLNGVs, which are critical to port operations, potentially owned, financed, and operated by third parties other than Delfin.”

Who could those third parties be if Delfin no longer plans to own or operate them directly? And how does that affect R/M?

Mr. C

Mr. C 1 day ago

Old, that was in regards to the favorable ROD, but the permit was never approved

chen1992

chen1992 1 day ago

It looks like it was updated 2021, so it’s before the biden admin denied their license and requested an amended app.

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Cavemanug

Cavemanug 1 day ago

Not sure if this new as this was my first time seeing this page but delfin is under approved license issuance pending

Deepwater Ports Map | MARAD
https://www.maritime.dot.gov/ports/deepwater-ports-and-licensing/deepwater-ports-map

dave79

dave79 1 day ago

Yeah, I have no worries or doubts. Delfin's permits and licenses will be approved in short order and very soon. I do think we will see a massive PR campaign, both from DOT/DOE and Delfin upon approvals. I'm sure Delfin is chomping at the bit to announce new deals/contracts and a bunch of other things as well (i.e Reverse merger!!!). Being the first (soon to be approved) FLNG in the United States will certainly make major national & world news! Then TGLO goes to $$$'s very very quickly.

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chen1992

chen1992 1 day ago

I’m giving MARAD the benefit of the doubt under this new admin. I have to assume internally the Environmental Impact Statement (EIS) has been finished and they are finalizing the DWPA license to Delfin within the next 28 days. Hell, even Duffy might make a PR about it. That’ll be great for Delfin exposure!

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dave79

dave79 1 day ago

Marad website just updated. Still no changes to Delfin's status, and I'm confused as there were NO changes whatsoever from February 11th until today's update?... So what is/was the update today?

https://www.maritime.dot.gov/ports/deepwater-ports-and-licensing/approved-applications

We are so close. The 500k+ shares traded yesterday have to be a sign we are close. Accumulation and mm games before our news, which we have waited 7 years for!

choo choo trader

choo choo trader 1 day ago

That would be counterintuitive to the purpose of doing the reverse merger. The reverse merger is for the purpose of raising capital enabling them to bring their business plan to fruition. Not to say a forced buyout couldn't happen somewhere in the distant future, but there are laws in placed to protect minority shareholders and keep them from being screwed over by the majority holders of the company stock.

Basically they do the reverse merger and do a forced buyout of the shares we currently hold at a price we did not agree upon to convert to the private shareholders

Mr. C

Mr. C 1 day ago

Yeah, but that doesn’t mean they have to take an unfair offer or if an unfair offer is presented that it would be approved by the legal authority overseeing the transaction

dinogreeves

dinogreeves 1 day ago

You might as well think that Delfin will sell itself privately before going public, those questions has been raised here previously. When Delfin goes public with TGLO, they will not sell themselves less than 5 billion dollars, too much time has been devoted to this, not to mention money and resources.

Cavemanug

Cavemanug 1 day ago

Quick search raised some concerns. Just posting the bullet points I thought could be applicable. Hopefully nothing and someone will put my mind at ease but this is what I found

If a merger agreement is approved by the board and a majority of shareholders, it can force minority shareholders to sell their shares.

If the company’s bylaws or shareholder agreements include drag-along rights, minority shareholders may be contractually obligated to sell their shares in a merger.

Mr. C

Mr. C 1 day ago

Independent fairness opinions and advisors are typically required in a a scenario where the parent owns the majority of shares. They can’t just set the price and screw minority holders of the shell. Some jurisdictions have laws specifically to prevent this from happening, but so does the SEC

Cavemanug

Cavemanug 1 day ago

Basically they do the reverse merger and do a forced buyout of the shares we currently hold at a price we did not agree upon to conert to the private shareholders

dinogreeves

dinogreeves 1 day ago

Explain how does that work?

LexTrader

LexTrader 1 day ago

I'm a tad bit concerned of some entity offering $10 per share. I want's more 😃

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Cavemanug

Cavemanug 1 day ago

Is anyone worried about the potential of a buyout of shares during a reverse merger?

Grouse Hunter

Grouse Hunter 2 days ago

Nice to see your posts again Jerry. Hopefully we continue to hear more from you. Love your perspectives on life.

jerrybrockman

jerrybrockman 2 days ago

Wheels, no matter how great the rest of the vehicle is running, always need grease.

The only thing Nancy should be doing at this point in time is preparing to make a deal to stay out of prison for whatever time she has left.

The only drawback this has ever had is the TOO GOOD TO BE TRUE FACTOR.

Some people can't help themselves and for deep psychological reasons will revert to self-sabotage rather than take a shot at success. It's a sad part of human nature and the reason why most people lead lives of quiet mediocrity.

If you think I'm off my rocker, look up Ronald Wayne of Apple. He's happy living in a trailer in Vegas today when he once held founder's shares of the company which would be worth over 50 B.

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wiwineguy

wiwineguy 2 days ago

Samsung dominates FLNG shipbuilding-2.18.25
Wison Shipyard drew attention last August by securing the construction project for the first FLNG unit of the Delfin Midstream project in the U.S., for which Samsung Heavy Industries had provided the basic design. Delfin plans to install four FLNGs in its LNG project ongoing in the Gulf of Mexico, aiming to produce 13.3 million tons (t) of LNG annually. Of these, the first unit's construction was unexpectedly taken by a Chinese company.The shipbuilding industry reports that the U.S. sanctions against Wison Shipyard have increased the likelihood of Samsung Heavy Industries securing orders for Delfin FLNG units 2 through 4. The LNG export expansion policy of the Donald Trump administration is also expected to lead to increased FLNG orders.

dinogreeves

dinogreeves 2 days ago

Very impressed with the volume.

wiwineguy

wiwineguy 2 days ago

Good point Senor C. Will do

senor_c

senor_c 2 days ago

Next time put the headline first so that people see your awesome grab of that news. That smart buyer today clearly understood the significance of that news. Total confirmation. Nice find!

senor_c

senor_c 2 days ago

Agreed. This is wound up tightly. Some smart buyer who wanted in put in a fat bid and filled over 150k shares at .39....now that smart buyer is up 5% on the day. Not bad! It's going to be awfully hard for people selling now to get those shares back for the upcoming pop. We're already getting behind the scenes confirmation that this project is moving forward with partners in tow, signing their own deals that are dependent on the Delfin FID. Talk about confidence.

mikeo56

mikeo56 2 days ago

We should be asking Who is Selling all these shares at this point in time,
verse's who is buying?
The Smart are Buying , Pelosi ? and others.

Vitamin310

Vitamin310 2 days ago

Wow...over 400k in volume today...

steel8000

steel8000 2 days ago

Cavemanug

Cavemanug 2 days ago

Extremely odd the day after MARAD was supposed to make a decision, there's over half a mil volume but still no news

LexTrader

LexTrader 2 days ago

Let's see this over 1.00, then throw some confetti. lol

Mr. C

Mr. C 2 days ago

Winding up to pop big

wiwineguy

wiwineguy 2 days ago

Looks weird, 4 MMs all asking .40, then next ask jumps to 1.47. 3 MMs bidding .37, then drops to .21

dinogreeves

dinogreeves 2 days ago

Probably someone doing someone good favor.

eskayes

eskayes 2 days ago

Probably just painting the tape

double_m

double_m 2 days ago

We should be happy it's even in the greeen.

Buy: 9,364
Sell: 249,941

CityCowboy

CityCowboy 2 days ago

Woah. Yea. Lots of action without any real movement. 240,000 shares should be moving this thing....
Interesting.

Grouse Hunter

Grouse Hunter 2 days ago

Lots of volume without movement. Hmmm

dinogreeves

dinogreeves 2 days ago

Or her husband Paul Pelosi.

choo choo trader

choo choo trader 2 days ago

No, I think it's Pelosi!

Grouse Hunter

Grouse Hunter 2 days ago

Maybe it's Duffy.

rstar

rstar 2 days ago

theres one other version of story i couldn't open: https://lngprime.com/americas/centrica-seals-lng-supply-deal-with-petrobras/142137/

rstar

rstar 2 days ago

158k bidder at .3899

senor_c

senor_c 2 days ago

Hey fat bid! Get out of the way for the rest of us! :)

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