At .10 per share, a 100:1 r/s takes this to $10 per share with a $44M market cap. We all know that a $44M market cap is ridiculously low for a company that will be worth billions soon. Delfin would allow the market cap to correct before selling new shares. So let's use an extremely conservative market cap of $500M... the shares would indeed be $113 per share before a secondary offering. $113 per share would be considered a bargain for a company that will be worth $8B or more in the next couple of years. The company would then only have to issue 8M shares for every billion dollars they wanted to raise. As I've said repeatedly, those buying here would have to work very hard to lose money on TGLO, r/s or not.