TheGlobe.com Inc (TGLO)

[In the henhouse]

Same story, no “new” news. After going into the third quarter each year or just about, we get these statements in a lot of investment vehicles. I believe (or my confirmation bias is clouding my judgement) that they will FID and use TGLO. These teases are made periodically to keep the PIPE investors happy with public comments. These public comments are only needed to put forward/confirm statements made to investors privately. They serve no purpose for a privately held company with no intention to list on an exchange.

The constantly shrinking, and now shrunk NOLOs has made this vehicle less desirable as each year passes, but accountants are sorcerers, what pedestrian investor knows the machinations of the tax code that could carve back some value? I’ve got enough to withstand a RM and subsequent split I approximate a dilution in the (1\4~1\8) range so I guess this is a ride or die.

Because this forum gets political at times, I will add: having a physical plant moving out of planning into construction by early next year will ensure that a “green new deal” president can not derail it.