TheGlobe.com Inc (TGLO)

[Toxic Avenger]

And remember, any money other than the $12 million or so that Delfin raised earlier is loans. The assets securing those loans CERTAINLY aren't going into any public company.

Delfin is unlikely to put any assets into the shell. Why would they? They need to recapitalize and that's going to require diluting the existing shareholders.

I'm thinking the idea that they create a supervoting preferred issue may make some sense, then they can dilute everyone, including themselves with new shares sold to raise funds. Stinky pinkies do it all the time.

Bottom line, they're not putting the $90 million in assets into the company necessary to justify the CURRENT market cap, it's just a question of how much longer the hype can keep the price up.