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Still striving 4 & 1/2 months later.
On 11/30/2017 Tony told us:....the company has nonetheless been able to complete the 2015 and 2016 audits which we are striving to release soon.
Baltia is registered with the NY SOS. It is not current if Igor is really dead.
Right, you keep telling yourself that as it gets flipped lower and lower.
Baltia's management, current and past, only deliver empty promises.
Its going to take more than a fluffy PR/update to end the negative speculation.
Some of those who continue to claim being "Long & Strong" on Baltia were today's sellers
Thank goodness someone had some paint left.
Really? ROTFLOL
It depends upon how quickly the paperwork is done. Have any of the registrations for the aircraft Swift bought from Aersale been updated yet?
I seriously doubt it.
I believe they've already sold it. When the Songbird deal was terminated, it was placed back on the availability list. It has been off that list for a while now.
I think it is 12 months after last flight. That seems to be how was for Songbird, their last flight was in February 2017 and now they are not listed.
Yep, a $50 million dollar lawsuit makes Xtra a perfect fit for Baltia and it's $9 million dollar lawsuit.
How big were those glasses?
True, the SEC will not comment publicly or privately on the number of complaints received nor of active investigations. We'll only hear about it after an action has been initiated.
I have no idea of how many complaints about Baltia have been submitted, other than my own, but I'm pretty sure it would rank in the numerous category.
With roughly 10,000 Stinky Pinkies out there and easily 10s of thousands of unhappy investors on any given day, I'm pretty sure they've all had numerous complaints submitted at one time or another.
Really, is it that difficult to figure out? Do you know how to search stuff on Google?
NY SOS
Igor is adding to that difficulty, he has supposedly been dead for 27 months, and is still listed as the Chief Executive Officer at the evicted address JFK INTERNATIONAL AIRPORT BUILDING 151, JAMAICA, NEW YORK, 11430 with the NY SOS.
Oh goody, more coming weeks. Will his turn into months as well.
Yes, Baltia ignored the DOT.
By letter dated September 13, 2017, we reminded Baltia of the requirements of section 204.7.
Moreover, given several changes in the air carrier’s management, operating plans, and ownership
since we last found the air carrier fit in 2009, we informed Baltia that it was our intent to revoke
its authority pursuant to section 204.7. We have received no response to our September 13 letter. Posted: 1/14/2018
https://www.regulations.gov/document?D=DOT-OST-2007-0007-0068
That info came from the DOT.
As per your reasoning, they were just as obligated to disclose the termination was due to the plane being found unworthy, which they did not do.
If the plane was unworthy, the agreement would have been terminated by Baltia, not Aerline.
They did disclose the bare minimum as required.
Item 1.02 Termination of a Material Definitive Agreement.
(a) If a material definitive agreement which was not made in the ordinary course of business of the registrant and to which
the registrant is a party is terminated otherwise than by expiration of the agreement on its stated termination date, or as a result of
all parties completing their obligations under such agreement, and such termination of the agreement is material to the registrant,
disclose the following information:
(1) the date of the termination of the material definitive agreement, the identity of the parties to the agreement and a brief
description of any material relationship between the registrant or its affiliates and any of the parties other than in respect of the material
definitive agreement;
(2) a brief description of the terms and conditions of the agreement that are material to the registrant;
(3) a brief description of the material circumstances surrounding the termination; and
(4) any material early termination penalties incurred by the registrant.
https://www.sec.gov/files/form8-k.pdf
Item 1.02 Termination of a Material Definitive Agreement
On August 30, 2017, Baltia Air Lines, Inc. dba USGlobal Airways (the “Company”) entered into a stock purchase agreement (the “Agreement”) with AerLine Holdings Inc. (“AerLine”) for the purchase of all of the issued and outstanding shares of capital stock of Songbird Airways, Inc. (“Songbird”), a wholly owned subsidiary of AerLine, for an aggregate purchase price of $6,500,000 (the “Acquisition”) to be paid in cash, plus any amounts related to certain pre-paid assets of Songbird. The Acquisition was scheduled to close no later than October 31, 2017. In connection with the Agreement, the Company made a good-faith deposit of $1,000,000 with a third party escrow agent, which funds were released to AerLine on September 1, 2017.
The Company received a letter, dated November 22, 2017, from AerLine terminating the Agreement as a result of the Company’s failure to proceed with the closing as scheduled.
https://www.sec.gov/Archives/edgar/data/869187/000161577417007036/s108303_8k.htm
When did the company precisely mentioned the airplane was found not worthy after the inspection?
If the plane was found unworthy during an inspection, Service Difficulty Reports would have been filed.
Tail number N417XA
http://av-info.faa.gov/sdrx/Query.aspx
Lampl said the publicly-traded company couldn’t raise enough capital to complete the purchase before the closing.
Songbird's certificate is no longer valid.
http://av-info.faa.gov/OpCert.asp
Tony's best corrections were withdrawing their air certification application and ignoring the DOT when he lost the economic authority.
You'll get the same sort spiel from all stinky pinkies when they're trying to calm their faithfully flogged followers.
Maybe, Tony did not specify which coming weeks in his last shareholder BS letter and JD did not say which Christmas in his inspirational message to Baltia's BFFs.
Key word being "Seems" yet the reality is Baltia is financially unfit. They were unable to close on the exact same turnkey opportunity when they tried to purchase Songbird's certificate.
Purely a guess, I think someone was hoping to set off stop loss triggers.
Ned the head is only window dressing.
Songbird kept personnel to run one airplane also. Same turn key opportunity. The only difference between the 2 other than name, is Songbird's certificate allowed up to 10 737s where Xtra's only allows for 7.
How is Baltia a fit for Xtra?
Xtra is: a certificate, 1 737 and no personnel.
Songbird was: a certificate, 1 737 and no personnel.
Baltia is financially unfit to operate a spittoon let alone an airline.
Tony's going to try to counter by giving JD a case of crabs.
I hear JD is going to initiate a hostile takeover of Baltia in the morning.
It is a shame they lost Barry Clare, he was very good at charming money from people with low iotas.
The only problem with the plane Baltia was going to lease was Baltia inability to pay for it.
Don't get your hopes up. Tony has been so busy working for the shareholders he hasn't had time to file those frivolous NT forms for 10Q(2) 2016, 10Q(3) 2016, 10K 2016, 10Q(1) 2017, 10Q(2) 2017, 10Q(3) 2017.
How is Xtra certificate, 1 737 & no personnel a better fit, than Songbird certificate, 1 737 & no personnel?
That would be a first.
Don't stop at 10 million, there are plenty more where those came from.