TheGlobe.com Inc (TGLO)

[potatoclump]

what kind of dilution and how do you think it'd relate to an NT 10Q?

there aren't any extra shares around to dump into the market but they could always file a registration of new shares. i'm not sure what the procedure for this would be but i think they'd have to have a meeting and vote on it even if they're the majority shareholders, no?

in this case we'd get a filing for a shareholders meeting and the 10Q separately.

in the case of a r/s, i'm pretty sure the same thing would be needed. there would first be a filing with their intentions of doing a r/s or other type of dilution and then it would be voted on. obviously it would easily pass but initially it would indicate that they intend to move forward with the shell which would be a positive thing for the share price imo.

it'd also be important to keep in mind what kind of dilution and how much they're considering because if it's low enough then it will be worth it to keep shares anyways.

we have about a 34:1 buffer right now to break even if we consider the minimum comparable value of a company like Delfin being TELL at $2bil.