Replies to post #28367 on TheGlobe.com Inc (TGLO)

[Xl175]

My initial thought on the 26,800,030 shares was that perhaps this might be the number of shares of the future public company that Delfin insiders will own. But that number sure seems low. I would have thought the number of private shares would have been much lower, so that 26.8M seems odd. My understanding is that they will sell these 26.8M shares to the issuer and they can determine any ratio they want. So with this in mind why 26.8M? Why not 1,000? Or 100?

[Holdingprofits]

Well, by reverse calculating, using the Authorized Shares Method on the DE site, based on the 2018 $134,400 tax due, this would make Delfin valued at $336 million like you said.

Pretty cool. I imagine mostly in cash.