If you look at the anemic volume and sub 10 cent price, I think it's pretty obvious that there is no one who actually believes this is going to a quarter, let alone $.
I would have thought Delfin would have moved forward by now, and I don't know if they're holding off to allow Egan and others to get out, or they didn't expect the massive market cap assigned by retail, or they simply are using this to prod other investors into funding them and they'll just leave TGLO sit as a shell.
But yeah, companies don't hand assets to pinkie investors. That's just wrong.