TheGlobe.com Inc (TGLO)

[NorthPeak22]

That's where the specifics of the share structure will come into play once the r/m is finalized and we know who owns what and how much, and if there's any dilution or reverse splits, or whatever. Becoming a public company through TGLO gives them the quickest, least expensive pathway to attaching the Delfin name and project to the TGLO shares they own that they can use to raise funds. Whether that's private placements, or some sort of debt that's financed using shares as collateral, or another avenue. The shares would be used in some way to receive the funding they need to get the vessels built. There's always partnerships and investments into Delfin made by other companies as well in exchange for some kind of consideration. Others might have better insight into exactly how they will go about getting what they need though. In general, yes, they need their shares to go to work for them.