You fail to mention Baltia/USGlobal
has no debt to bring to the table of
lenders who want to make money and
know there is no escape from risk, no
matter what business they (lenders)
are in and who they are giving loans
to. There's more risk in the world
than money.
About the 12% preferred. It was a deal
made mainly by an individual. The terms
also are such that shares may be convertible
into common. So it's a toxic loan. Not
good.
You said, "opinion is the absence of fact."
In other words, opinion is theory. Will let
me tell you my friend, every thing that exist
and ever did exist started out first as theory
before fact: Rome-New York-London-Berlin.
So we shall see about this airline.
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