TheGlobe.com Inc (TGLO)

[Toxic Avenger]

They bought the most they could from Egan and still leave him with the most he could own without having to report any sales. The remaining shares were held by outside investors. They certainly could have bought them in the early days, but they'd have to report the trades and they would have had to announce a share buyback.

Which is also how we know Delfin, Fairwood nor Talisman is buying shares - they need to be reported quickly on form 4s and there have been no reports filed.

I imagine they're quite content with their 71% and trying to decide if there's a way to monetize their 100,000% profit or if they should just move forward with a reverse split and capitalization of the shell. I don't the former being possible, so I expect it will be the latter at some point. They don't seem to be in a hurry, but they'll need to file an S-1 or S-3 with details on the secondary offering and it's not a quick or easy process.