Mar. 24 at 5:27 PM
$PHGE Still waiting and not going anywhere, but I wouldn't dabble on the one below too
$TGLO Delfin Midstream is already the majority owner (roughly 71%) of TGLO (theglobe.com/) and has been using it as a public shell company since 2017. A "reverse merger"—where Delfin merges into TGLO to become a publicly traded entity—has long been planned, following a similar playbook to other LNG companies.
While TGLO is listed on the OTC Markets (often considered part of the "pink sheets"), a merger with Delfin—which is developing a multibillion-dollar LNG project with significant contracts—is aimed at raising capital and moving the entity toward mainstream listing.
Key Aspects of the Potential Merger:
Relationship Status: Delfin Midstream acquired a majority stake in TGLO on Dec. 31, 2017, for roughly
$0.03 million.
Reverse Merger Goal: Delfin has previously stated it may enter an agreement to merge with TGLO, sell assets to it, or consolidate its business into the shell company
