Replies to post #24306 on TheGlobe.com Inc (TGLO)

[Toxic Avenger]

It perfectly explains why Delfin will not place their assets into a reversed merged company and leave TGLO's current shareholders, who hold near worthless shares, with 29% ownership in the merged entity.

To properly value current shareholders ownership in the new company though (less than 1%), a reverse split is necessary.