TheGlobe.com Inc (TGLO)

[Toxic Avenger]

No one relies on shareholders not voting to control the stock. They'll either retain 50.1% or they'll issue themselves supervoting preferred shares IF they want to retain control.

While retaining control is the way most pinkies operate, it's not how most real stocks do, and it's not the way to maximize a capital raise.

Assuming Delfin is a real enterprise, looking to develop floating LNG needing billions in debt and equity, the steps I expect to see are:

Reverse split at 1:30+
Reverse merge into TGLO with 99%+ ownership of the common
Do a secondary offering at $1/share+ (this will dilute current shareholders to .5% or less and Delfin to 50.1% or less)
Uplist to Nasdaq.