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Baltia filed audited financials on the 10th of September, Southwest filed its traffic report on the 8th of September, Delta file a presentation about how much they're going to grow and pay their debt, JetBlue filed its traffic report on the 11th of September.
I should go look for Delta's traffic report looks like that might be a requirement.
While I am doing very tedious research here, I'd like to point out the fact that there is plenty of room for a new American Air Line called Baltia.
I am trying to find Continental formerly known as the holding company of United Air Lines.. but the only filing I see is something from September 2013 called "Confidential Treatment"
Baltia has virtually no debt. Delta filed a presentation on the 9th of September and also filed the presentation. I'm reading it and I don't see how delta plans on generating all this revenue to pay down its debt.
I should stop typing 'Delta', I don't want to get in trouble; but I'm just using it for an example because it is an air line. I'll go look at Southwest and see if they filed anything around the time of our filing of Audited Financial Statements on the 10th.
Probably just a coincidence about the filing of Delta's 8K on the 9th and Baltia's filing its Audited financials on the 10th.
Tony is the perfect person to get good Private Placement holders and engineer a buyout or merger or just get the corporation started. We only need that FAA certification and we're golden. Other air lines look at Baltia's Statement of Financial Condition (formerly the Balance Sheet) and dream of having no debt; contracts with employees; fuel hedged at 60 to 100 a barrel.....
Why would Delta sell their long routes to Russia's air lines... to get Baltia's short routes to Russia and other Eastern Block Countries? Cash Cow.
Maybe Southwest.... I need a list of the major airlines and the ones who need a future CASH COW the most.
Seriously, how long did it take to find the answer about the prior mini tests so we can establish a time frame for when we should have heard. Don't make me read 1000 posts to hunt for the answer please.
pfgolf, lol! I didn't think you spelled incorrectly, I was questioning whether you knew the name of the Russian currency... for real :)
Deloitte Touche? Carsmax177, lol, jk..that is a good post and yes that is what I was attempting to do. Compare debt, derivatives, OS and trying to read the notes to the financial statements (integral part of financials) to look for clues of a potential acquisition. It is a lot of reading.
I read on the board that Baltia has attempted these mini's before, and the question we need answered is how long did it take for us to know the results.
I think this mini is successful as do others...it would be nice to know how long it took to inform the stockholders of the prior mini's so we can get a time frame.
Also, Tony seems like the perfect person to engineer a buyout or merge with a bluechip air line company. He has all the right connections. Baltia is a cash cow with its FAA certification.
Yes Carsmax177, audited and timely like 45 days after the end of year or 60 days for the 10K (something like that)
I was reading Delta's 10Q scanning for debt and OS and saw the "unaudited" in parentheticals.(sp?)
I don't think Baltia had a hard time finding an audit firm to audit their financial statements, I think it was about financial resources and whats the rush until we get our Certificate from FAA.
Also, Delta may have "sold" its Russian routes because they are expecting to get some direct flights at cheaper costs and more revenue somehow.
It feels like somebody put the cone of silence on Baltia... the board isn't very active, trading is very slow with an hour in between trades sometimes and compared to MSFT on level II that looks like NASCAR..
Company is quiet, board is quiet, trades are slow and low volume.
troyal, I know you don't disagree on the possibility; and even though they've been trying to get audited financials, the timing IS sudden...I wonder when they retained that firm. It wouldn't take too much time to audit Baltia.
pfgolf, isn't it the ruble and in India the ruple? In India isn't it the "rupies" and in Russia, the rubbles??
troyal, but this time is different. IMO we passed the mini and flight crews are doing recurrent training a month after they just did it and it's three crews this time and audited financial statements were filed suddenly. The key is the audited financial statements, imo.
Now I remember where I saw private placements! They're always advertising in the Wall Street Journal because it's trying to sell something (securities in an investment).
The SEC says to beware of those selling private placements toted as an investment in a company as unregistered securities.
I hope Baltia solicited honest investors and sold equity private placements and not debt private placements (but if it was debt private placements, we'd see that on the Audited Financial Statements)
I honestly think she is a good candidate for a buyout for a major air lines that wants (needs) a cash cow.
Okay, PPs don't have to be registered securities if sold to accredited investors and no more than 35 non-accredited investors.
There are equity private placements and Debt private placements; and I would like to know what type of private placements were sold to accredited and non-accredited investors.
Baltia.
According to Securities Act 1933, Private Placements must be registered with SEC. I read Baltia's f/s and they only spoke about shares of officers and directors and that gentleman who now owns a beneficial ownership.
Why isn't this PP business public. There are a few exceptions to registering private placements and I need to discover what exemptions Baltia used to not have to file all of these alleged PPs
It feels like a buyout. She's the perfect cash cow for an airlines that needs a cash cow because of their 11.8 billion in debt (Delta) or Southwest or any of the majors with billions in debt.
We're all revenue once we get our FAA certification.
Delta only has 800 million OS... they can absorb a good amount of stock while secretly buying at these low prices.
Baltia is a beautiful cash cow just waiting for its FAA certification. No other air lines look like her where revenue is cash cow.
This is just my opinion. Audited Financial Statements, the silence, the cash cow factor and whatever Delta did with its Russian routes, maybe they're going to get better routes...Baltia has direct routes, less costly to fly, cheaper fuel.... Just thinking.
In My Opinion
Firestream, is that good? eom
I have a feeling we could get bought! So quiet, FAA slow, Audited financial statements, perfect for revenue cash cow (no Toxic Debt) All revenue and I think there is a good chance she may get bought or merge.
Whomever a potential buyer may be, they'd acquire all the stock they can at these prices.
It is just an opinion. Southwest is down $2 and Delta is at $46 or $47, and both companies need a cash cow. Baltia is going to be a cash cow. All revenues from cargo and passengers and their routes.
If I am one of the big air lines with a lot of debt, I would look at the option of buying a soon to be cash cow. Baltia is that cash cow once they get their FAA certification.
Proving flights and certification.
Audited Financial Statements (NO TOXIC DEBT)
all those billions OS and only a million in volume and almost an hour between a few trades. Great point Robodog...the volume.
Some lucky person just got 400K at .0051. eom
LongTimeObserver Russia's Aeroflot is Delta partner.
On July 28th there was a PR about recurrent training I think. Is it normal to have another recurrent training so fast? We just did it in August.
Plus it is rare that a company re-submits audited Annual Reports (10K) so close to the end of the year. We are in Q3 and Q4 begins in October.
Why the sudden audit of 2014 numbers. I think it was to verify there is NO TOXIC FINANCING (convertible debentures) on Baltia's financial statements.
Real investors who know what that is want to stay very clear of investing in a company with Toxic Debt. BLTA has no toxic debt.
Carsmax177, Delta files unaudited financial statements and it's trading just fine. Some exchanges require Audited Financial statements; but not the OTC and there are thousands of companies trading on the OTC.
The only thing GAAP is good for is comparison purposes (or a standard unit of measure) because most international corporations follow GAAP now.
The FASB is sort of independent and there is an ongoing debate about whether it needs oversight.
GAAP standardizes the way companies report inventory and cash and cash equivalents and PP&E.
Sort of like uniform financial statements so all companies are doing it, recording their transactions in a particular way.
Audited financial statements are always the responsibility of management and there are four types of opinions that an accountant can render when auditing (verifying) the recorded transactions.
If a company has a large accounts receivable, the auditors go in there and randomly choose a few transactions to verify and send a letter to the company that owes the money that the audited company has recorded on its books and validates that the amount agrees. They also test the other way using a random sample technique.
I don't know what compelled Baltia to submit amended audited financials; but it is unusual to have a 10K for the prior year audited this close to year end.
10Q (or quarterly financial statements) are usually reviewed; but can be audited.
I think there are investors out there wanting to make certain there is no TOXIC DEBT or CONVERTIBLE DEBENTURES that will effect BLTA.
On my level II I noticed a million share buy and a 700,000 share buy at end of day.
But I see your point AKthisistheone.
FlyBaltia747, maybe that is why Baltia filed Audited Financial Statements, they're getting ready for something. It happened last week on the 10th... a few days after we got the news of the crews recurrent training.
LongTimeObserver, fish wrapper? Why bother getting audited financial statements if it's just fish wrapper. Those financial resources could have been spent elsewhere; but apparently Baltia was compelled to file Audited Financial Statements for 2014's annual report when we're in Q3 of 2015.
The suddeness of the filing.
Thank you finna_make_gains. eom
finna_make_gains, what do those 10,000 block sizes mean?
Thanks speckulater, I think it's going to be approved because BLTA filed Audited Financial Statements and that is a sign they know they're moving forward.
I can't think of any other reason that would compel an entity to suddenly file Audited Financial statements.
I agree Robodog, and now we need information from the company. They need to respect the stockholders' that provide them paid-in-capital and give us clarity.
Proving flights are on deck and audited financial statements (huge) have been filed.
The stock price is not reflecting the upside potential or the proving flights or the audited financials that were filed on the 10th but that filing is huge. It demonstrates there is a need for audited financial statements for some reason.
I keep trying to raise money to buy more stock...you're lucky with your position.
The pilots doing their training obviously know Baltia will get its FAA certification or they wouldn't be doing it.
AKthisistheone, if PP guys are funding this every week (lol); then this must be for real.
In the most recent 10Q, Baltia said they sold some shares to raise capital. They are not hiding about that.
Lemme think....$12K..another mini (absolutely if they need it) or Audited financial statements..... I'd spend my resources on another mini and not on Audited Financial statements in Sept. 2015 for a 10K filed for 2014.
May as well just Audit a recent 10Q; they successfully completed the mini..they had too or they wouldn't spend precious financial resources on auditing last year's financial statements almost a year later.
It is deductive reasoning combined with cash flow management and necessities.
Yes they do AKthisistheone, it's a matter of financial management and where financial resources should be spent. If they have to do another mini, the $12,000 they paid the auditor would come in handy and Audited financials could wait.
But apparently, Baltia felt it could spend $12,000 on Audited Financial Statements because they successfully completed the mini and they're moving forward to proving flights. IMO
AKthisistheone, why would Baltia file Audited Financial Statements suddenly when they haven't done that before.
Obviously something huge is going on to compel them to incur the expense of Audited financial statements. If you think they have to do the mini again (I strongly think they passed), then they're going to use their financial resources for another mini; but instead they use their financial resources for Audited Financial Statements. I think it's sort of obvious Baltia successfully completed the mini.
I think Baltia passed its mini too, audited financial statements were filed on the 10th there must have been a need for that filing.
Just suddenly Baltia felt the need to file audited financial statements which are very expensive.. IMO, for some clear reason, audited financial statements are required. Now that is moving forward because of some reason.
The sudden training and subsequent filing of Audited financial statements suggests something imminent and huge.
I bet they cleared the mini successfully and are awaiting FAA certificate. Unless they's merging because of their tremendous upside potential and no TOXIC DEBT. IMO.
Of course Robodog :) NO TOXIC DEBT!!! eom
Robodog, any company can file unaudited financial statements and a company who hires an accounting firm to come in and audit their financial statements and render an opinion on the company's financial condition is very expensive.
Baltia, with audited financial statements, opened up their books to an accounting firm to say they're for real, they're serious, their financial statements are accurate and most important, to get the Auditors to give their opinion that the company's financial statements are not materially misstated.
Baltia had to pay a firm $12,000 for that work...and we know their revenues begin with the inaugural flight.
The interesting thing about it is the timing and it's the first time they wanted their financial statements taken into consideration seriously.
Personally, I think Baltia is expecting a substantial increase in their pps and they expect it to run and they don't want the stock halted...so they are covering their company with AUDITED financial statements so the SEC cannot halt the stock when it runs.
When BOCX ran from cents to almost $4.00 in a few days, the SEC came in and halted it...stopping the momentum.
Baltia is doing everything right. With FAA certification and Audited financial statements, this stock is in dollars, and it has no TOXIC FINANCING...we can see this with the Audited financial statements and subsequent 10Qs.
TOXIC CONVERTIBLE DEBENTURES DESTROY A COMPANY'S STOCK PRICE. The holders, most of the time, are like loan sharks...charging 50% interest for a few thousand dollars in a loan. The other word for Convertible Debentures is simply Bonds convertible to Stock.
Those who hold convertible debentures can short the stock (naked) and artificially lower the share price and then, adding insult to injury, they don't have to buy back the stock (which would put the pps back up). They get to take their little Bonds (Convertible into stock) and just convert some of their bonds to stock and hand it to the MM or investment banker. They short the stock so viciously, that it only takes a small amount of their bonds they have to convert to cover.
We want the shorts to be forced to PAY for shorting the stock, we don't want them to just convert some bonds to Cover their disgusting short position. (it should be against the law) It hurts company and decent stockholders. It's also vicious because they can do it again and again.
Our newly Audited financial statements prove to the world we do not have TOXIC Financing!!!! It is beautiful. Money on the sidelines like it.
Even better choover8059, flight crews arrive and suddenly Audited financials are submitted to SEC on the 10th. Very fast items being completed quickly. IMO
Thank you Firestream, I thought that training part was faster and now I understand there is class time too. Well, they sent the crews on September 4, 2015 and filed Audited financials on September 10, 2015. Very quickly they seem to be moving and doing things getting ready for something very huge.
NO TOXIC CONVERTIBLE DEBENTURES!