I still disagree on the notion of a reverse split at this point. Once the hype of a reverse merger occurs I anticipate this going much higher than $1.20 with the float being so low. I anticipate at minimum $5/share which also meets your threshold of institutional investors holding out. The market cap for the stock I anticipate to be near $5b once the actual merger is announced which equates to a PPS around $11. I believe this stock will hold above $5 without the need for a reverse split purely based on the valuation of the company.
Either way I’m loading up as this stays around $0.2X!
Dino, I like your scenario better. I just thought that under 1/10 RS, where TGLO holders would get 13% of new ticker was pretty generous? where a 1/20 would be 8%. Of course assuming the price stayed $0.25 it would need 1/20 to get to $5.
I am fasanated reading the posts. As you know I became involved because of X-1175. I have not heard from him but I will hold my shares. If X-1175 is right then my shares may be worth a lot more then I think. I want to thank all posters for you diligence and knowledge. ADELANTE TGLO. CAYO
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