Replies to post #19058 on TheGlobe.com Inc (TGLO)

[Grouse Hunter]

Paid to keep the lights on $20k or $25k month I believe.

[potatoclump]

likely because TGLO has to handle all the legal fees for the RM the money was transferred as a promissory note so that Delfin and TGLO have a responsibility of commitment to the discussed transactions between the two companies.

so Delfin puts up the money and in the event TGLO tries to break from negotiations, Delfin can demand the sum of the promissory note back in full, legally, at any point in time.