Replies to post #1718 on TheGlobe.com Inc (TGLO)

[Toxic Avenger]

Why would ANYONE put assets in to something they owned 70% of when the assets are sitting where they own 100% of them?

Makes NO sense at all.

And why would the bank that loaned them the money to buy those assets sit back and watch them give 30% of them away?

At best, they'll do a reverse split and a secondary offering, but that would have been a lot easier and a lot more profitable through an exchange traded equity, so even that seems unlikely.

[No1Uknow]

Makes perfect sense, it's not the value of the project, it's about giving previous shareholders a piece of the pie, how much are they willing to give up..

My prediction is a 10 for 1 reverse split giving the company a 44.1 million float, large income tax credit,and large money ready to invest. That makes it manageable to build on.

bin there, done that..

If it does not happen by Jan 15th then they will most likely keep it as is with 441 m outstanding.