TheGlobe.com Inc (TGLO)

[Toxic Avenger]

Yup, "In a cash reverse merger shell transaction, the current control shareholders of the public company cancel, or divest themselves, of all their share ownership, and the post-closing share ownership is anywhere from 80/20 (%) to 99/1 (%), with the private company owning a majority of the shares."

I wonder what ratio Delfin will choose since it has millions in assets and the shell has 0. Hopefully they'll let the current shareholders keep 1%, out of the goodness of their heart.