TheGlobe.com Inc (TGLO)

[Chenteddybear]

PPS/Market cap will be based on what assets Delfin put into the shell + Delfin’s future revenues. $8 billions for the ships, $2 billions the pipe and facility? And deals......$_$. They don’t need R/S and they own at least 71%. R/S would only make that 71% even lower.....even if just 2:1, it would immediately reduce their ownership down to 35%.... they would covert to preferred and release those shares to new holders. This is the way to preserve their value and voting power.