Replies to post #6345 on TheGlobe.com Inc (TGLO)

[jerrybrockman]

The Hedge Fund probably has 60-80 million of the 106 left in the known float Because that would be the smart thing to do after knowing about this merger for over two years

[vtyler98]

We have no idea how exactly Delfin would structure this so everything here is speculation and assumptions on what COULD happen IF this happens. The form 13 doesn't guarantee share issuance, it only mentions the possibility of various share structure changes or other changes that may occur if the RM happens. Anything else is speculation.

[Toxic Avenger]

And remember, any money other than the $12 million or so that Delfin raised earlier is loans. The assets securing those loans CERTAINLY aren't going into any public company.

Delfin is unlikely to put any assets into the shell. Why would they? They need to recapitalize and that's going to require diluting the existing shareholders.

I'm thinking the idea that they create a supervoting preferred issue may make some sense, then they can dilute everyone, including themselves with new shares sold to raise funds. Stinky pinkies do it all the time.

Bottom line, they're not putting the $90 million in assets into the company necessary to justify the CURRENT market cap, it's just a question of how much longer the hype can keep the price up.

[Toxic Avenger]

And the company TELL merged into was an operating company in a related business with a strong balance sheet and millions in net assets.

And remember, any money other than the $12 million or so that Delfin raised earlier is loans. The assets securing those loans CERTAINLY aren't going into any public company.

Delfin is unlikely to put any assets into the shell. Why would they? They need to recapitalize and that's going to require diluting the existing shareholders.

I'm thinking the idea that they create a supervoting preferred issue may make some sense, then they can dilute everyone, including themselves with new shares sold to raise funds. Stinky pinkies do it all the time.

Bottom line, they're not putting the $90 million in assets into the company necessary to justify the CURRENT market cap, it's just a question of how much longer the hype can keep the price up.