Turbine Aviation Inc (TURA)

[eMailEdL]

"No Dilution here" is a naive statement. If anybody read the GLGT shell on merger network they would have read" "Essentially the co will have no liabilities once the new owner steps in. The debt is convertible." "Convertible Debt" being the key words.

If I have to spell it out... Debt that is convertible into equity or, for the layman... "Newly Issued Stock".

The only question is how much debt and at what % is it being converted?

I don't know what the total debt is but in 2010 there was a lawsuit filed where GLGT had potential liability of $1,000,000 +15% interest since 2007. And back in 2008 on the last filing I could find they had liabilities of almost another $1,000,000.

Now at worst case, $2,000,000 (guessing) in debt at this structure would be equal to 50% dilution if it was converted 1:1. But that never happens. It is usually like 10:1 which could be the reason that a reverse split is not on the table. AT THIS TIME. But after the debt is converted would definitely be another story.

Anyway, I'm in it with you guys but keep that in mind. I just wanted to clarify a very naive statement.