I would not bet on it. Things can happen in the market even though we may think otherwise. Go no farther than WSM* with a 653 million OS and hit .50 cents on Friday, reaching a MC greater than $300 millon. That ticker has a LOI for merger. TGLO has filings which shows the Delfin ownership. I would trust the filings more than a LOI anytime. TGLO's MC is about $92.4 million. To each their own, see whatever you want to see. That's your business of course. I don't see this going to dollar land until the merger is confirmed considering paying 1$ per share for a bet gets pretty expensive quickly. $TGLO$ Disclosure: all imho only, do your own DD.