TheGlobe.com Inc (TGLO)

[doug573]

Thanks for the clarification, regarding the cash and the 5%.

However, I don't see any Delfin investors suing anyone, since they acquired TGLO, and will put whatever assets into it they feel like, you don't sue yourself.

I believe the market will put a multiple on those assets that is greater than the book value arguments you use.

Your arguments are plausible, but we have all seen things trade at substantial premiums, and markets can stay irrational for long periods of time.

The fact that the Current S&P 500 PE Ratio: is 24.51 is itself ludicrous. But, it's reality, at least today.

I'd sooner start a new business any day of the week, in any sector of the S&P, than pay that premium, but people do every day of the week.

Yet, how many businesses on main street can sell theirs at retirement for those irrational premiums found in the stock market?