TheGlobe.com Inc (TGLO)

[mankind]

My Theory of what is happening based on the current environment.
• The “IPO window” is shut. Meaning, like after 2000 and 2008 the amount of deals have frozen. No matter who Delfin engages on the deal, it would be foolish to go the IPO route as of today. I don’t think Delfin going on road shows for the next year to pitch an IPO makes any sense.

• Unlike IPOs, reverse mergers continue in all markets. In a down market with limited opportunity for IPOs, companies can use reverse mergers as an alternative route to going public. In an up market with many opportunities for IPOs, many companies still choose reverse mergers as the vehicle of choice because of their other benefits: lower cost, speed, and less dilution. *http://www.untag-smd.ac.id/files/Perpustakaan_Digital_1/CORPORATE%20FINANCE%20Reverse%20Mergers.%20Taking%20a%20Company%20Public%20Without%20an%20IPO.pdf



• The average price for 2023 is $0.24 and it seems it’s being supported as well as suppressed to that figure.
• The TGLO shell has only 58.5m shares available to issue (auth 500m – issued 441m). Which is not enough, as it would leave Delfin with a 74% stake (current holdings + 58.5 avail).
• Most institutions are not going to look at anything that’s trading less than $5. In most cases it’s a requirement.
• Therefore, I am estimating that the plan will be a Traingular reverse merger and would require a 1/20 reverse split. Based on this estimate the
net result would be 92% Delfin ownership trading at $5.00 per share.
• Could that be the reason that TGLO seems glued to that $0.24 -$0.25 range?