I'm just not seeing how it would be "at the expense" of the new shareholders for tglo shareholders to make money. I have shares, but even if I didn't, just objectively looking at the situation if it was going to benefit someone else, I still don't see how they lose.
If I'm a prospective investor of the ABC Company, I just want to know if the pps is going up or if a dividend is in the works and how much. Am I going to make money? How am I harmed if the stock already has the reputation of making its shareholders make a profit? At worst, I wish I was in on the cheaper pps to make the more money with when it goes up. TGLO shareholders are just in on an earlier, lower pps so that when it goes up we make money.
Are you saying you would not invest in a stock that you thought would appreciate purely because you thought somebody else had already made money investing in it? If that is not your argument, correct me. It seems that you think future shareholders in the new company post-merger will not invest because they will resent us?
I really don't see how either Delfin or future shareholders of the (newly named merger company ) are harmed in any way with TGLO shareholders making a profit and staying with the company after it goes public. The same scenario could happen if the pps goes into the cellar and then rises back up..after the company goes public. Are new shareholders after that supposed to not invest just because they didn't get in on the lowest pps? If that were true, no one would invest. That is all that is happening here.. we were literally sitting in the right chair at the right time..having already invested in the defacto new company as the sole purpose of the investment in TGLO.
I expect some new shares being issued. That's almost a given..otherwise the pps goes superhigh and scares some investors away..