TheGlobe.com Inc (TGLO)

[NorthPeak22]

There's two general possibilities that could happen here, imo. 1) Delfin r/m into TGLO, uplists to a big exchange, and uses their stake in the company to secure funding for the first two vessels without the need for debt financing. Private placements for funding at a particular valuation ensuring that large chunks of the company stay within as few hands as possible for a decent amount of time, keeping everybody's interests aligned (high share price). We know at least 71% of the OS is locked, and likely a much higher percentage than that. Delfin and the "insiders" likely want Delfin to remain a club for the "good ole boys". Or 2) Delfin r/m into TGLO then executes a reverse split, they uplist to a large exchange, and look to fund with share offerings to the public and other institutions with their freshly reset OS. Obviously, I think it will be #1. Option #2 puts the direction of the stock into more hands with vastly different interests and creates extreme volatility in the stock. They could end up like TELL, swimming in the ditches until revenue starts to come in in 3+ years. I don't think Delfin has painstakingly tiptoed through this process for 5 years just to turn the publicly traded shares into a Louisiana wh*rehouse, desperate for "buyers", if you know what I mean.