TheGlobe.com Inc (TGLO)

[Sprycel]

Here is one of the conditions of closing as mentioned in the filing:

In connection with the transactions contemplated by the Purchase Agreement, effective as of the Closing Date, the Credit Line, the Notes and the promissory note entered into during November 2017 are expected to be terminated, and the outstanding balance under the Credit Line and loans made under the Notes and the promissory note entered into during November 2017 are expected to be forgiven.

And what is the current business of TGLO? It has been utilized by Egan to invest in various projects.

What exactly do you think Deflin wants to do? Invest in various projects?

Seems like the same business to me.

To reiterate, TGLO is a shell .... it's no longer attached to a certain type of industry. NOL's in full affect!