TheGlobe.com Inc (TGLO)

[fojcol]

How are they going to raise $$$ if they don't add shares to the A/S? Do you think they'll leave the legacy shareholders (us) alone and sell off their own shares, thus diluting their ownership? I wouldn't if I were them. No, they'll need to come up with millions of shares which they can sell into the market in order to raise funds, and they won't be tinkering with their own percentages of ownership, they'll be tinkering with ours.

Did you see the movie, Social Network about Facebook? One of the original contributors (I forget who) signed an agreement accepting the shares he was offered as fair payment for what he'd contributed to fb. Only thing is, he didn't notice that his shares were different from Zuckerberg's. After a round or two of financing, his shares were diluted to a fraction of what they had been, while Zuckerberg's were non-dilutive.

Still, it's a very good deal for us, because the legacy shares will still be worth mucho $$$!