DLTZ issued $4 million worth of Series A Secured Convertible Preferred Stock to American Green, convertible to 160,000,000 shares of Delta Common Stock.
Current share structure is 34 million shares...
160/(34 + 160) = about 80%
Not that hard to figure out.
Delta diluted their stock 160 million shares and gave it to American Green to pay off $4 million. American Green didn't buy anything. Now American Green is shitting on $4 million worth of shares, what do you think they are doing to do with it?
(Keep in mind none of this has happened yet.)
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