TheGlobe.com Inc (TGLO)

[Toxic Avenger]

My philosophy with these hype driven stocks (or pump and dumps, depending on your persepective) is to flip them while providing good information and analysis and being honest about your expectations for the long term prospects.

In TGLO'scase, here's what I see
- 70% of TGLO was sold for $25k inculding a large writeoff of uncollectable loans
- The only reason for current ownership to reduce their holdings to 4.99% is so they are no longer required to report transactions. There is little doubt that anyone wishing to take of the shell would have taken 51% for so little cash.
- There is no value to NOLs when not continuing the business of the business which accumulated the NOLs. Otherwise no company with massive losses would ever go out of business, Google/Apple/etc. would just buy them up.
- No company has ever moved millions in assets into a shell that they don't own 100% of, let alone into a stinky pinkie. Delfin LNG isn't stupid, nor are their lenders.
- There's been no confirmation of any association between Delfin LNG and TGLO. The notion that they're withholding discussing the connection for any reason makes no sense.
- The silence from anyone other than the seller speaks volumes.

Good luck to all, whether you flip, buy and hold or simply watch.