TheGlobe com Inc (PK) (TGLO) Quote

Very likely we will see some material events before July 1st.

The OTCID (Over-the-Counter Information Disclosure) is a new market tier introduced by OTC Markets Group, set to replace the current Pink Current tier on July 1, 2025. This change aims to enhance transparency and accountability in the over-the-counter (OTC) market by establishing a basic reporting framework for companies.?
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Purpose of OTCID
The primary goals of the OTCID initiative are:?

Establishing Minimum Disclosure Standards: Companies will be required to provide minimal current information disclosures and management certifications, ensuring that investors have access to basic, reliable data.?
JD Supra
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Colonial Stock Blog
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Hamilton & Associates Law Group, P.A.
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Improving Market Transparency: By distinguishing between companies that actively engage in disclosure and those that do not, OTCID aims to create a more organized and transparent marketplace.?
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Enhancing Investor Confidence: The new tier is designed to bolster investor confidence by providing clearer insights into the level of disclosure and engagement from companies trading in the OTC market.?
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Facilitating Capital Formation: OTCID aims to aid in facilitating capital formation by making it simpler for companies to demonstrate their compliance and transparency to prospective investors.?
Colonial Stock Blog
Implications for Companies
To qualify for the OTCID Basic Market, companies must:?
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Subscribe to the OTCID – Disclosure & News Service (DNS).?
Hamilton & Associates Law Group, P.A.
Provide current disclosure via DNS, the SEC’s EDGAR system, or SEDAR.?
Hamilton & Associates Law Group, P.A.
Complete an annual Management Certification or 12g3-2(b) Certification, as applicable.?
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Maintain a Company Verified Profile on www.otcmarkets.com via OTCIQ.?
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Provide share data through the Transfer Agent Verified Shares Program.?
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Companies that fail to meet these requirements by July 1, 2025, will be transitioned to the Pink Limited Market or the Expert Restricted Market, signaling a lack of compliance to investors. ?
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Conclusion
The introduction of OTCID represents a significant step toward modernizing the OTC market by setting clear standards for issuer engagement and disclosure. This initiative is expected to improve market quality, enhance investor confidence, and provide a clearer distinction between compliant and non-compliant issuers.

The distinction between "Shell risk" and "Shell" in the Over-the-Counter (OTC) markets—especially in the context of microcap or penny stocks—is important and often misunderstood. Here's a breakdown of both and their implications:

🔍 1. "Shell" Company (in OTC context)
A shell company is a publicly traded company that:

Has no or nominal operations.
Often exists primarily to hold assets or merge/acquire other businesses.
May have been previously active but is now dormant or non-operational.
Shells are commonly used in reverse mergers, where a private company merges with a shell to go public without an IPO.

💡 Implications of a "Shell":

Regulatory Scrutiny: Shells are under heightened SEC and FINRA oversight due to their use in pump-and-dump and fraud schemes.
Limited Liquidity/Trading Restrictions: Shells can be more easily subject to SEC trading suspensions, especially if filings are outdated.
Risk for Investors: Without actual business operations, valuation is speculative. If it’s only a vehicle for a reverse merger, investors might get diluted or blindsided by changes in control or strategy.
⚠️ 2. Shell Risk
"Shell risk" means the company is not officially classified as a shell, but regulators believe it exhibits characteristics of one, such as:

Minimal revenue or operations.
Stale or unclear financial disclosures.
Sudden inactivity.
This label often shows up on OTC Markets with a "Shell Risk" warning icon ⚠️ on the stock’s page.

💡 Implications of "Shell Risk":

Warning to Investors: Suggests that while not officially a shell, the company might become one or is operating like one.
Potential Downgrade or Delisting: If the company doesn't clarify or change course, it could be downgraded to Pink Limited Information or Expert Market.
Hinders Reputability: It makes financing, investor trust, and up-listing harder for the company.
Limited Broker Support: Many brokers restrict trading in securities marked with “Shell Risk” due to regulatory risk.

We know in the case of TGLO, it's Shell with no "risk" designation.

Great question. A "shell risk" on certain OTC (Over-the-Counter) stocks means there's a possibility that the company is—or recently was—a shell company. That has major implications for investors, and regulators like the SEC flag it for transparency. Here's what’s up:

🔍 What is a shell company?
A shell company is essentially a legal business entity with:

No or minimal operations
No significant assets They’re often used for legitimate purposes like mergers or going public via reverse mergers. But they’ve also been used in shady stuff like:
Pump-and-dump scams
Fraudulent financial reporting
Money laundering
🚨 What "shell risk" means on OTC stocks:
When a stock is marked with shell risk, it usually indicates:

The company may have been a shell in the past (and hasn’t proven it's active now).
It might be inactive or have no significant operations today.
There’s a lack of updated financials (violating SEC's "current information" rules).
It may have a history of sketchy activity (especially relevant on the OTC Markets’ Pink tier).
🏦 Why does this matter to investors?
Shell risk flags are warning signs that the stock could be:

Volatile or easily manipulated
Lacking transparency
At risk of being suspended or downgraded (e.g., moved to OTC Expert Market)
Difficult to sell later
🛡️ How to protect yourself:
Check the company’s filings: Use OTCMarkets.com or the SEC’s EDGAR system.
Look for "Shell Risk" labels or the stop sign ⚠️ icon.
Be wary of hot stock tips in forums or social media.
Make sure it’s not a "dark or defunct" company (no communication or filings).

https://www.otcmarkets.com/corporate-services/otcid

They did this with a bunch of other companies in the past few months (See links).

I’m not looking too deep into this with the acquisition.

The timing and transfer of clients/business doesn’t have to happen immediately after a sale closing.

My understanding is they can still allow Marcum to operate independently, even just in name, after the acquisition or phase the transfer of business over time.

If so, then Marcum can continue to be named as the auditor until CBIZ decides otherwise.

Can’t say why exactly now, but it seems more of an internal CPA function than a clue

https://cbonds.com/news/3350941/

https://www.sec.gov/Archives/edgar/data/1007019/000149315225009038/form8-k.htm

CBIZ, is the 7th largest accounting firm with 120 locations.

Well, I read through the "Attest Purchase" parts, and I'm guessing TGLO is part of the "certain exclusions" they keep referencing when it comes to Marcum's attest business. The timing of the filing is just too interesting to me right now, but I need to get to bed.

https://www.sec.gov/Archives/edgar/data/944148/000119312524220093/d874151ddefm14a.htm

This little excitement today tends to be always be short lived. It doesn't surprise me anymore, at this juncture we can agree or disagree, Delfin won't do anything until they are actually forced to.

Almost all accounting firms, even Ernst and Young has been scrutinized by SEC and have been fined multiple times, almost to the tune of 100 millions in fines, it doesn't surprise me with Marcum. I learned that from $SMCI.

This 8-K assures me, though not completely yet, that Delfin PLANS SOMETHING with TGLO.

https://www.sec.gov/newsroom/press-releases/2023-114

More on Marcum attached. Probably prompted the buyout

Keep digging senor!

Right, but is the language you're referencing from a filing or some news clip for a different company (what's the date because that's important when it comes to the timing of TGLO's filing)? The more I look into this, none of this is adding up. CBIZ acquired the non-attest part of Marcum back in 11/24....AND according to CBIZ website, the attestation services (the part that allows Marcum to sign off on SEC filings) was acquired by CBIZ CPAs around the same time....so for some reason, TGLO has been able to hold off on the 8k filing until now even thought Marcum (attestation services) was already part of CBIZ CPAs. Clearly the entity was allowed, but all other searches have stated that CBIZ CPAs took over the name last year....I think.

Technically, CBIZ cannot provide attest services (see below), and CBIZ and CBIZ CPAs are technically independent of each other. Very interesting. Seems like there is more than one shell game happening here (pun intended). So Delfin's accounting firm, CBIZ, is using CBIZ CPAs for it's attestation purposes (it seems). Either way, they are connected, and it's no coincidence, IMO. I'm still stuck on the timing of the filing based on what I've researched with all of this so far.

Concurrent with the closing of this transaction, the attest business of Marcum was acquired by CBIZ CPAs, a national independent CPA firm with which CBIZ has had an Administrative Service Agreement for over 25 years.

https://cbiz.gcs-web.com/news-releases/news-release-details/cbiz-completes-acquisition-marcum#:~:text=CLEVELAND%20%2C%20Nov.,revenue%20of%20approximately%20%242.8%20billion%20.


“CBIZ” is the brand name under which CBIZ CPAs P.C. and CBIZ Inc. and its subsidiaries, including CBIZ Advisors, LLC, provide professional services. CBIZ CPAs P.C. and CBIZ, Inc. (and its subsidiaries) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. CBIZ CPAs P.C. is a licensed independent CPA firm that provides attest services to its clients. CBIZ, Inc. and its subsidiary entities provide tax, advisory, and consulting services to their clients. CBIZ, Inc. and its subsidiary entities are not licensed CPA firms and, therefore, cannot provide attest services.

Yeah, if you go to the Marcum website it redirects you to CBIZ

Searched this. It appears that CBIZ bought out Marcum
https://cbiz.gcs-web.com/news-releases/news-release-details/cbiz-completes-acquisition-marcum

I want to get excited, but Marcum LLP resigned across the board.

Marcum cited an inability to complete essential audit procedures due to “IT general control deficiencies” in the company’s third-party platforms and “insufficient internal controls” to address these weaknesses.

If you go to https://www.marcumllp.com it now redirects you to https://www.cbiz.com

Thanks, never thought we would see something on a Good Friday and that to be an 8K from TGLO. Not in a million years.

Awesome find Señor C. You highlighted that section below

"In a reverse recapitalization with a shell company, any change in accountants during the two most recent fiscal years and interim period for the accounting acquirer must be reported in the Form 8-K, as it is required by Item 14 of Form 10."

Very much a coincidence, on a Good Friday too, so people can forget over the long weekend. Oh!!! Delfin, Delfin you can run, but you can't hide, soon you will reveal your giant finger prints all over the place via 8k merger.

Thanks for alerting us, MKE Whale.

I'm mostly thinking it's just tooooo much of a coincidence that they're switching TGLO's accounting firm to the same firm that Delfin uses. They are required to file the 8k for this change, so I'm sure they were holding off to take this step (of filing this change to Delfin's accounting firm) until they were certain about the need for this change, meaning certain that they are planning to move forward with the RM.

Neither am I, just like you, I feel this same kind of bread crumb, if it wasn't they would have just stick it out with Marcum until either we have a merger or we didn't, so why the change of accounting firms? Only the insiders would have the answer to that.

Ah, got it — you’re asking how CBIZ can help Delfin Midstream in merging into a public shell entity named TGLO (not the Texas General Land Office in this case, but likely a ticker symbol or holding company). That makes sense now.

This sounds like a reverse merger/SPAC-style transaction, where Delfin Midstream, a private company in the LNG space, is merging into TGLO, a public shell, to go public.

🧠 Here's How CBIZ Can Help Delfin in the Merger:
1. Financial Statement Preparation & Audit Readiness

CBIZ can help prepare and audit Delfin’s financials to comply with SEC reporting standards (e.g. PCAOB standards).
Ensure two or three years of audited financials are compliant for S-4 or Form 10 filings.
2. Due Diligence Support

Provide buy-side or sell-side financial due diligence to assess the shell (TGLO) or help Delfin clean up its books before the merger.
Identify and mitigate red flags in TGLO’s shell structure or past financials.
3. Valuation & Fairness Opinions

Assist in valuing Delfin Midstream and its assets (especially LNG infrastructure).
Help justify the exchange ratio and ensure it’s in line with market expectations.
Provide fairness opinions if needed for board approval or investor communications.
4. Merger Structuring & Tax Strategy

Advise on tax-efficient structures for the merger (stock-for-stock, triangular merger, etc.).
Navigate complex energy sector tax issues and carryforwards within the shell company.
5. SEC Reporting & IPO Readiness

Help with drafting or reviewing:
Super 8-K
Form S-4
Pro forma financials
MD&A (Management Discussion & Analysis) sections
Ensure Delfin is ready to function as a public company post-merger (SOX readiness, internal controls).
6. Internal Controls & SOX Compliance

Design and implement internal control systems for Delfin to meet Sarbanes-Oxley (SOX) requirements after the merger.
CBIZ has IT risk and compliance teams that specialize in this transition.
7. Post-Merger Integration & Advisory

Assist with finance function integration post-merger.
Set up public company reporting workflows, investor relations processes, and help manage financial planning & analysis (FP&A).
⚡ Summary
CBIZ can essentially act as:

A technical accounting partner,
A compliance navigator,
A strategic advisor during and after the reverse merger.
They're particularly valuable if Delfin is lean on internal finance infrastructure or needs help navigating the regulatory minefield of going public through a shell merger.

I'm trying not to get too excited here. Is this the same group? Accounting is one of their services, and Oil and Gas is one of their industries. Folks......there's a strange taste in my mouth, and it feels like a bread crumb. I haven't tasted it in a while, so help me out. :)

https://www.cbiz.com/industries/energy

Google AI Search (sorry - don't know the other AI thingys)

Delfin Midstream, a developer of LNG export projects, and CBIZ, a professional services firm, have a relationship where CBIZ provides accounting, tax, and other financial services to Delfin Midstream and similar companies in the energy sector. CBIZ's expertise in the oil and gas industry, including LNG, helps companies like Delfin Midstream navigate complex accounting methods, audits, and compliance with regulations.
Here's a more detailed look:
Delfin Midstream:
A company focused on developing and operating floating LNG assets, including export terminals.
CBIZ:
A national provider of accounting, tax, financial, and advisory services, with a specific focus on the energy industry.
CBIZ's Services for Delfin Midstream:
Accounting Methods: Expertise in successful efforts or full-cost accounting methods common in the oil and gas industry.
Audit: CBIZ offers unique audit methodologies that consider economic, regulatory, and auditing changes.
Tax: CBIZ can help with tax planning, compliance, and navigating complex regulations in the energy sector.
Valuation and Transaction Advisory: CBIZ can provide valuation services for LNG assets and advise on transactions, as outlined in their Boca Raton location's services, which are also applicable to other locations like Tampa and San Diego.
Risk Management: CBIZ offers risk management and compliance services to help companies like Delfin Midstream manage risks associated with LNG projects.
Outsourced Accounting: CBIZ provides outsourced accounting solutions, which could be relevant for Delfin Midstream's accounting and financial reporting needs.
Benefits of CBIZ for Delfin Midstream:
Industry Expertise: CBIZ's experience with oil and gas, including LNG, ensures Delfin Midstream receives specialized advice.
Financial Reporting: CBIZ can help Delfin Midstream comply with financial reporting regulations and ensure accurate financial statements.
Tax Optimization: CBIZ can help Delfin Midstream minimize its tax burden and comply with tax regulations, including those related to renewable energy and other tax credits.
Risk Management: CBIZ can assist Delfin Midstream in managing risks related to LNG projects, including those related to compliance and financial reporting.

CBIZ CPAs, formerly known as Mayer Hoffman McCann P.C. (MHM), is a national independent CPA firm that provides audit and attest services to various industries, including architecture, engineering, construction, manufacturing, retail, distribution, government, financial institutions, software, high-tech, life sciences, and not-for-profit organizations. ?
Investing.com
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Wikipedia
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CPA Practice Advisor
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In December 2024, CBIZ CPAs was engaged as the independent certifying accountant for Silver Star Properties REIT, Inc., a self-managed real estate investment trust. CBIZ CPAs is responsible for auditing the company's consolidated financial statements for the years ending December 31, 2023, and 2024. ?
PR Newswire

Additionally, CBIZ CPAs has a longstanding administrative service agreement with CBIZ, Inc., a publicly traded company. Under this agreement, CBIZ provides various services, including office management, bookkeeping, marketing, and staff leasing, to CBIZ CPAs. However, due to independence requirements and state accountancy laws, CBIZ is restricted from rendering audit and attest services, except for internal audit services. ?
SEC
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Journal of Accountancy
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CPA Practice Advisor
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It's important to note that CBIZ CPAs' client list is not publicly disclosed in detail. Therefore, specific information about all public companies served by CBIZ CPAs may not be readily available.?





Sources

Read this and got the ol pitter patter in my chest going. 
😂

Nevermind, just a change of accountants. BTW I am not related to the other ‘whale’ 😆

I see the 8k is out now

Had a dream last night that I woke up to TGLO trading at $90 per share due to the RM news.
I about died in my sleep, and realized markets are closed today. Lol

Either way, good to hear from you.

I can't post it or I'll be permanently banned from iHub 😂

I'm not going to disclose my position. But I'm a shareholder now. This is one of the very few OTC stocks that is actually real. I still have open orders for Monday.

Have a Happy Easter with your families.

$TGLO

Good Friday, no, it's not open.

Is the stock exchange open today?

The absence of Frederick P. Jones and Delfin Group as the CEO and business description on the OTC Markets profile for TheGlobe.com Inc. (TGLO) may result from several factors:?

Company's Profile Update Process: OTC Markets relies on company representatives to submit updates through their OTCIQ platform. While updates are typically processed within 1–2 business days, delays can occur if the company does not promptly provide the necessary information .?
otciq.com


Issuer Engagement Levels: Companies with limited operations or those that are non-reporting may not prioritize updating their profiles, leading to outdated or incomplete information .?
Upcoming Market Changes: Starting July 1, 2025, OTC Markets will introduce the OTCID Basic Market, which will require companies to meet minimal current information standards. Companies failing to provide updated information may be moved to the Pink Limited Market or the Expert Market .?

To ensure the most accurate and current information, it's advisable to consult the company's official filings on the SEC's EDGAR database or other authoritative sources.

The discrepancy between the CEO listed on OTC Markets and the information in official filings for TheGlobe.com Inc. (TGLO) appears to be due to outdated or incomplete data on the OTC Markets profile.?

According to the company's official filings, Frederick P. Jones has served as the CEO, CFO, and sole board member of TheGlobe.com since 2018. These filings include his signature on annual reports and 10-K forms, indicating his active role in the company .?
Profit.com
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MarketScreener
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StockAnalysis
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However, the OTC Markets profile for TGLO may not have been updated to reflect this information, possibly due to the company's status as a shell company with limited operations and staff. Such discrepancies are not uncommon for shell companies, as they often have minimal public-facing activities and may not prioritize updating third-party platforms.?

If you're seeking the most accurate and up-to-date information about TheGlobe.com, it's advisable to consult the company's official filings on the SEC's EDGAR database or other authoritative sources.

Good job.

I'll honestly say I got lucky. I have to pull the string on his post. Great day either way.

Wow. This trader is very good what he does. I have seen some of the best moves, though I don't know if he scored this particular one and if he did, how did he read the tape.


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176082907

MELONI SAYS ITALY WILL HAVE TO INCREASE LNG IMPORTS
Per Zerohedge, referring to tariff deals with Trump.

Probably still listed as a former domain since there is no associated domain. If you were to go to the theglobe.com it shows it being for sale. My guess is that it would update if the domain/URL goes to an actual company site, or there's documentation showing an association to a new website *cough cough* Delfin *cough*
My guess we'll see it until we get form submission of an RM

That's head scratcher for sure, that should have been off by now.

OTC still lists "theglobe.com" as their web domain ?

I would love to agree, but not much can be said for those people who lie for absolutely NO reason. Pretty sure it's not the first time being caught and it definitely won't be the last!

It's not regulatory entity like the SEC, but that will be the biggest bread crumb before the merger news. Go down you will see still see Egan and check any other stock and see the difference, Check $TSLA or any other Shell and see the difference.

https://www.otcmarkets.com/stock/TGLO/profile

Dino what website or link do you use to check out this TGLO information to see if Frederick Jones might be added in the future?

There are lots of volatile, so while waiting, so I’d entertain myself selling some when volume is up along with price, and buy more back when volume is down and price dropped. If I guessed wrong, oh well, I still have the bulk of my investment in TGLO. The way I see it is: I can afford missing out $50K if I wind up making few $millions in the end, especially when I’m playing with house money.

Personally me, I think she has humbled herself. She is here for a reason, the only way to get whole again and never touch OTC scams.

Well said Chen, there is no other OTC in this landscape has the biggest impact that will make a life changing experience. Believe me, I wouldn't be here still after over 3 plus years. I have gained two close friends from this board, they know my style already, it is just not my style. I bought what I needed and that is up to my ears and now I chill out and enjoy my other day and swing trades and get enough powder ready for the merger news to slap away and keep my core. It will be defining moment for all of us who believed, we can cry, laugh, drink, scream from the top of lungs when that day comes. I would be ecstatic once Jones is listed on the OTC, that will be the game changing bread crumb for us.

Once we start getting bread crumbs about the TGLO/Delfin connection, this is going up above $1 easily. If they R/M, expect $10-20 a share, possibly even more, therefore at .30, this is a steal!


I remind myself this waiting is NOTHING to what many long holders have had to endure. Not being sure Delfin would even get it’s permits from MARAD and DOE was in our minds not even 7 months ago. I waited 7 years for Delfin to get their MARAD license. A few more months should be nothing for this community