"However, management does not believe that the consummation of the Proposed Tralliance Transaction will, in itself, allow the Company to become profitable and generate operating cash flows sufficient to fund its operations and pay its existing current liabilities (including those liabilities related to its discontinued operations) in the foreseeable future."
Right. It's saying the shell of theglobe.com may die, but by then, Tralliance and the registry will belong to a different owner so who (other than the old voip creditors they're stiffing) cares? R's, John PS:
Perhaps in view of current circumstances ICANN should accelerate its proposed more-thorough examination of the affect of bankruptcy.
Still a reasonable idea, although I still don't think there's any short term liklihood of .TRAVEL being in bankruptcy.