TheGlobe.com Inc (TGLO)

[fojcol]

Sure, if they merge, they'll convert their majority shares to "super" preferred stock, which can't dilute; then they'll do a capital raise, of which our shares will be an already-existing portion. So, they've "given away" 24% (approx) of already existing common shares. After they do the capital raise, those 24% will be much diluted, but still worth mucho dinero!!

So say the 24% means approx 105M shares. They issue 1B more shares and raise (@ $10/share) $10B dollars. So there'll be 1.105B shares total, and we who bought at pennies will make out like bandits, while Delfin will get all the $$$ they want/need to get their mega-project underway, completed, and operating.

Did you see the movie about facebook? The one guy/partner of Zucherberg got stuck with diluted shares (still worth millions), while Zucherberg kept the non-dilutitive shares.

I'll take it!