TheGlobe.com Inc (TGLO)

[doug573]

So a lot of energy is spent here on reverse split or no split or size of secondary offering, etc

I don't care about any of it. It doesn't matter in my opinion.

I try to look at this through Egan's eyes, and how many crummy deals he had to listen to over the years from firms who wanted access to the shell, the authorized shares, and the NOLs, etc.

So, with 22M shares, what kind of valuation on those shares was he looking for?

At $22M we're at $1.00 per share approx.
At $44M we're at $2.00 per share approx.
etc, etc, etc...

For the man who sold Alamo to AutoNation for $625 million in stock in 1996 (of which he owned 93%!) we probably can assume he has already doubled or tripled his money since.

So, having said all that, how much of an opportunity would need to exist to get his attention? I have to think it's at least $5 per share minimum. Which gets him $110M.

What do you people think?