Replies to post #8856 on TheGlobe.com Inc (TGLO)

[Sprycel]

The key is not the value of the shares but how many they have. No one in their right mind would buy 71% of a company just to dilute the hell out of it with a R/S. They would lose total control of billions of assets/revenues. Inconceivable to even consider it! JMHO

[Toxic Avenger]

Remember, Delfin paid $.00008/share. They're not expecting to sell those shares for $1 or even $.01. They bought to control the shell so they can issue new shares.

It's the buyers of the new shares that would have to be convinced that they should invest money to make Delfin and the current TGLO shareholders rich at their expense. Needless to say, that's unlikely.

[Elcappy1]

Very much agreed! TGLO

I just now understand why you keep pointing out that Delfin bought shares. It makes much more sense that they would do a one for one even if they retired their shares and converted them to preferreds, otherwise they hurt their own common shares and those bought by perhaps the hedge funds.

Whatever the case, I don't think a R/S is in the works.