IMO, USGlobal needs to have a quorum in order to vote on these matters. Looks like typically half of the common stock must either vote or abstain from voting to be a quorum. Now USGlobal's quorum could be more or less, just generally its half.
IMO
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Baltia Air Lines Inc (BLTA) Stock Research Links
The fault-finder will find faults even in paradise. -Henry David Thoreau