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NorthPeak22

08/14/23 11:28 AM

#46548 RE: Dallas-Cowboys #46547

IMO, if it's going to continue to be funded and Delfin continues to provide "office space" (even if just on paper), then that in and of itself would be data that leans towards a r/m. It's not really a sound business practice to continue to go further into debt with no revenue unless your future business plans will allow you to get out of that debt. Yes, the debt is miniscule compared to the current MC of TGLO, but I'm speaking in broad terms with regards to taking on debt. TGLO could just dilute a few million shares and cover the debt. One could certainly argue that it's within Delfin's best interest to keep TGLO clean and reporting regardless of their intention to ever use it since it's such a highly valuable shell ticker though. I'm optimistic that we're on the right path here.