TheGlobe.com Inc (TGLO)

[Holdingprofits]

WELL LOOKSIE HERE!

Something else that was picked up out of the Rule 144. Delfin bought the TGLO shares from Egan, and the shares have been restricted for the past 6 months. No wonder the reverse merge has not been announced, Delfin would not be able to benefit from selling shares until now.

1. Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But the resale of an affiliate's shares as control securities is subject to the other conditions of the rule.

So did the six month timeline start ticking on 12/21/17 when the acquisition was announced, or on 01/02/2018 when it was completed?

Time is about up!

https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144htm.html