Replies to post #46576 on TheGlobe.com Inc (TGLO)

[Dallas-Cowboys]

Thanks

[Xl175]

Your idea that Egan will own 22M shares upon merger is ludicrous. This is almost as dumb as NP’s ideas last week.
Most likely Egan has already exchanged his remaining tglo shares for private Delfin shares. Anyway you slice it, Egan is not going to retain 4.99% of the public company upon merger. My guess is that he will be bought out or end up at around 1%.
Why on earth would Devon, Mitsui, Citi, etc invest in a Tglo/Delfin merger project and give the former shell owner 5%? Not going to happen.