Baltia Air Lines Inc. (fka BLTA)

[kayakzz]

US Global has vowed that there will be no more dilution, which is a great thing for common shareholders. However, remember that the preferred shares have the option of paying dividends in common shares and/or cashing them out entirely for common shares at very favorable rates. However, as the company will be transporting its first ticketed passengers in a few months, shareholders have nothing to worry about.

https://www.sec.gov/Archives/edgar/data/869187/000161577417001118/s105602_8k.htm

US Global will have absolutely no dilution with the exception of the dilution caused by share conversions. However, just to be safe, they need to get the RS done so they will have room in the AS for all the cash-outs.