No, it says so right here, "quasar has been faced with having to comply with note conversion on aged debt over a year old being submitted for share issuances. The Company is obligated to honor those valid notes and in doing so, it has caused Quasar to have to increase its authorized shares as a necessity".
Dilution is dilution.
Why couldn't they pay the aged debt with the millions in revs from the flight schools and the hydro store?