What do you call the $26,000 a day admin fees? The bigger airlines have multiple planes and I would assume this is factored in to their costs. Baltia has ONE non flying plane and all these expenses for when it does fly. The other question I have is IF this airline does fly, how much will IGOR get paid? He got paid $8,000,000 plus a year or so ago for running up expenses and not flying, a ridiculous amount, IMO, whether in stock or not. Please answer.

The FAA has been waiting on acceptable manuals from Baltia for YEARS. IMO, I would not expect them anytime soon. This is something, IMO, that management has failed/been incapable of achieving. Call them again in a week and check the progress.

How many shares did American Airlines have outstanding? I cannot imagine that they had anywhere close to the astronomical number that we have outstanding. How many planes?

As much as I wish that this stock will take off, I would be hard pressed to see this ever go above .15 (and I think I am being way too generous). At .15 the company value would be approximately $600 Million, which is so unrealistic to believe with one plane.

I also, do not believe we are as far in the certification process as we are lead to believe. We have heard nothing and I mean to the general public, not to those select posters who post with no real evidence. The timelines given for the certification process have been long overdue, yet we hear nothing.

This is all my opinion, take it for what you want.

Then why did they issue the PR about the website? Very lame and minor and reeked of FLUFF in my opinion.

I am pro Baltia, IMO, but think it needs new management to get this done. Current management, IMO, is not capable of doing so.

What? Are you adding an extra zero. I do not understand what you are saying.

Please explain

Benster, what happened to your February deadline you mentioned a while back? My issue is that everything always gets pushed back and it is never Baltia's fault! I thought we would be quickly ramping up once pilot training started and is now completed.

Why is there always a delay?

The only thing this tells me is that they are in need of more money. IMO, they will most likely and once again, increase the authorized shares.

I am not very comfortable, but I am definitely more comfortable and definitely a bit more excited. I hope things pan out accordingly. As a stockholder, I am hoping for the best.

I have read your response a few times to make sure I understood it, so forgive me if I do not.

The number of shares issued is always relevant because it does affect the stock price. If their are 3.5 billion shares outstanding, no one is going to pay a dollar per share because the company is not worth 3.5 billion dollars.

The large number of shares will prevent the stock price from getting to the levels I was initially promised by Igor and Barry when there was only a few hundred million shares outstanding.

The number of shares outstanding impacts so many issues. I have watched my shares get watered down as the number of shares issued has increased. I will never reach the financial success of my stock ownership as promised by Igor and Barry because the company (especially with only one plane and current management) will never be worth $3.5 billion. So please do not say the number of stock issued has little to no affect.

Will it affect whether Baltia flies, No. But one would argue Yes because they can only get money by selling stock.

I am not sure where you get that they will be buying stock back, they have no money and if they ever make money, IMO, Igor will spend it or pay himself.

Thoughts, anyone?

Not to state the obvious, but where is the announcement? For the last 5 years, I keep hearing the same thing and then when it doesn't happen, there is always an excuse. I guess my question is, what is the excuse this time?

Thank you for the response. I hope they are right, but I really have my doubts based on my experiences with them. Lets mark the calendars to see if it comes true, If it doesn't, any thoughts?

Where is this information coming from? I would love it to be correct, but so many people have made statements like this and when they did not come to fruition, it was never mentioned again (like the weatherman predicting a storm that never comes).

Why should we believe this?

Thank you

They did more in 3 years than Baltia has done ever. How were they able to get so advanced in the stages in just a 3 year period when we seemed stalled at every step? IMHO its absolutely bad management

Unfortunately, IMO, I think Baltia is so mis-managed that they would spend money ordering uniforms prior to hiring and getting the right sizes, merely to state that they ordered uniforms.

Despite, what others may say, IMO, this is what happened with the first plane, which again, IMO was a complete waste of money.

Just so you understand where I am coming from, I am a stockholder and have been for years. When I invested (through private placement), Baltia only had 600,000,000 shares outstanding and I was told by upper Baltia Management (all of whom are still there) that they only needed $1,000,000 and they would be flying. That was probably $50,000,000 dollars of raised money ago and we are only a little better off then when I invested. Yes a plane, yes Phase 2, but no manual approvals (IMO a joke based on the time and money spent) and IGOR has received tens of millions in compensation for achieving little.

I would not argue with anyone if they said I was bitter.

At best with this company now, if it ever flies, I will never see the return that I was promised (let alone the short investment period for that return).

Unfortunately now, whether good or bad, I can only trust hard evidence and not evidence from Baltia. They have a very bad track record in my opinion and like to spend money needlessly.

Just my opinion and investment background.

I have two issues with this IMO. First is when was this visit? As it states that in 2 weeks Baltia will make announcements about training. Second, it appears this is the poster's first time to Willow Run, but then states "parked next to the Baltia van THATS ALWAYS THERE" How would he/she know its always there if this is the fist visit? Maybe I am reading too much in to it, but sounds fishy

I thought they stated on Facebook or some other forum that they would be flying in 2013. Has anyone heard anything to the contrary or did they not state anything regarding a date.

IMO, I think it is ridiculous, embarrassing and a reflection on the extremely poor management that the manuals have not been approved after sooo many years. I also thought that as inept (IMO) as the management is, they, after so long, would be prepared to hit the ground running. Not a word from them, which leads me to believe they have achieved nothing.

I would love for someone to prove me wrong with proof and not hearsay. maybe too much to ask.

I hope Baltia flies, but after all the wasted money, issuance of stock, etc.. I will be lucky to break even. IMO, I was lied to by management

I do not know about you all, but IMO after waiting so long to get "where they are", I would have thought they would be ready and hit the ground running to fly through this process. Having heard absolutely nothing, I am assuming that this is not the case and it is very very upsetting. The only news we hear is they bought a plane, which I think is a waste of shares and not where their focus should have been this last month plus. I would love to be enlightened that I am wrong and that things are being done, so please do if you have the information.

Can anyone put in layman's terms what this actually means/allows Baltia to do?

The sad thing is that they (CP airliner in the article) are much further along and only started the process in April 2010. They hope to be up and running in 3-6 months. I do not think we can even come close to that.

IMO, I think this goes back to the total unpreparedness/lack of experience/poor management of Baltia.

Trust me, I really hope Baltia succeeds, but IMO, I have serious doubts about Igor and his team.

I think someone may be realizing no news is not good news (IMO) and that the cycle (of false hopes and promises)is starting back up again, IMO.

Why do I have a feeling that the word we may receive from the FAA is that they agreed to move it and now Baltia can start the approval process (again and back at square 1).

I admittedly do not know the process or the exact meaning of their meeting, but would appreciate any insight/correction if I am wrong.

I hope its not, we have seen this before with Baltia and Baltia builds up the hype and then does not deliver so the stock will go down. Unfortunately, its been the trend over and over again for the last few years.

No press release? Has anyonne heard any news?

Speculator, can you please list the amount of stock compensation that Igor received during the same time period referenced in your email?

If his interests are to be alligned, then the stock compensation should be along the same lines as the cash income. What did he receive in terms of stock compensation?

Am I reading something different than everybody else? I do not get excited by the recent news release. To me it says nothing but the same old. We are having a meeting.... I thought they had that meeting a month ago? It was very vaugue and ambiguous, which unfortunately has always led to a false hype where we later find out that Baltia sold additional millions of shares. Very circular and very frustrating. If the news in March is more news to come, which is what I think it will be, more circular talk.

How can we be moving on when the manuals have not been approved, which is what I thought the first step was. If what we learn from this meeting is that the new branch is taking them on and it will be expedited, haven't we heard this before and again, don't the manuals need to be approved, which Baltia seems incapable of doing. These have to be the most expensive manuals in the world as Baltia has spent millions and still does not have them.

These are my opinions, I would very much like to be wrong, but Baltia has yet to do anything but disapoint me.

I would love to hear that I am wrong, but in doing so, please give verifiable information. People always ask where is the proof when someone says something against the company, but how about the proof when someone says something positive?

Thank you

There was no mention that any of the manuals were approved, which I would think would have to show progress. IMO, this leads me to believe none of them have been approved and unfortunately, IMO, that was another Baltia rumor gone bad as I have not seen any confirmation from Baltia acknowledging such.

I have no idea what to believe as IMO, BALTIA has never been completely honest and only forthcoming after horrible news comes out.

My question is, if this is the right move (switching to Michigan) and all is to be believed, why was this not done earlier, years earlier?

IMO, we are giving way too much credit/credence that this is being moved to Michigan. That is just the latest info from who, Baltia? The DOT has not seen substantial progress with the FAA and thats all we have been hearing from Baltia for the past 3 years that they have made substantial progress. We have found the answer to that rouse, IMO.

Also, i have never felt comfortable that we had confirmation that any manuals were approved. mIf Baltia responds to this letter without mentioning manuels were approved, then IMO, its obvious they were not becauser that is the 1st thing I would mention.

What has Baltia been doing this last few years besides spending our money and paying IGOR millions in stock? I'm not saying its easy to get FAA aproval, but not to be in the ballpark after its been their primary focus for 3 plus years is beyond rediculous.

Anyone have any thoughts?

Wow, I just read the letter. I hope I am wrong, but it appears the game is over. IMO, the FAA is not to blame, management is. Baltia has 30 days to prove them wrong. I don't think it will happen I think the FAA will see through Baltia management's artificial finances when the directors show they have sufficient funds from accounts, which probably hold Baltia stock (thus the reason for the options and Huge stock compensation aamounts).

I believe this was how they proved they had money before, by showing their brokerage accounts Iagain assuming its Baltia stock representing their portfolio).

Anyone have thoughts?

Please, management gets filfthy rich if the stock price goes up at all and only if the stock goes to ZERO that they do not make money. They are stock filthy rich now and I am sure they have found ways to sell it.

If the stock drops to .003, IGOR is still a multimillionaire and that is ridiculous for a man who has completely mismanaged this comapny, IMO.

Please do not get me wrong, I am invested and would like to see this fly, but I have ZERO confidence that Igor can do anything except pay himself millions of dollars in stock.

In addition to the 100,000,000 options (which I believe they get to purchase at .0001 - which costs them 10K and equates to $2,000,000 at a price of .02) per the 10Q for 2010 alone

Stock Issued for Services
We issued 252,658,491 shares of our common stock in exchange for
services. The shares were valued at $15,009,850 or about $0.059 per
share which reflected the weighted average market value at the time of
issuance. 149,000,000 of the shares valued at approximately $8.8
million were issued to Igor Dmitrowsky our president. We also issued
6.8 million shares valued at $202,000 as a debt incentive.

YES THAT IS MILLIONS OF DOLLARS IN STOCK THAT THEY ARE RECEIVING.

Please read the annual SEC filings where it states that Igor was paid $7,000,000 and $8,000,000 (YES dollars and I am rounding down I believe) in shares valued at .02.

If you are buying, I am not seeing it. With regard to their salaries, they are millionaires already. Igor was given over $15,000,000 in shares at .02 for the last 2 years of service. IMO, there is no incentive there. If you want incentive, give them $200,000 (which is still overpaying them for accomplishing NOTHING, IMO) and let that money turn in to something big if it is succesful. Instead they give a huge amount that he could theoretically cash out with and be rich having run the company in to the ground, increased the outstanding shares, increased the debt and let the stock price fall.

IMO, this company is extremely mismanaged.

Additionally, given the new supposed timetable, Baltia will need to sell a lot more shares to pay their ridiculous expenses (this is why management has to go - no need to have all these expenses if they cannot operate), thus they will most likely increase the outstanding limit of 2.5 Billion shares.

I also have a feeling that they will be paying Igor another 7-8 MILLION DOLLARS in shares for accomplishing nothing and putting this company in a much worse position then the year before.

When I invested, there were 600 million outstanding shares and both Barry and Igor said that they only needed to raise $1 Million Dollars and they would be operational. That was probably $30-50 Million Dollars of raised money ago.

I don't think its a scam, but over the last 2 plus years, I do have doubts about my statement and cannot say with 100% certainty that it is not a scam. Lots of things do not add up. What I do believe (my opinion) is that this is the worst run and inefficient company that is truly in need of a management change. Igor needs to go. We need to stop paying him millions of dollars in shares for failing to run this company properly.

Maybe I am over simplifying the process, but if you submit manuels for approval and they get rejected for a certain number of things, wouldn't you make sure that all those things were addressed correctly before resubmitting (similar to a child's test where the teacher hands it back and the child makes corrections to resubmit)? Apparantly, with all the money being spent this simple task of corrections (which is the most important thing in my opinion) was not done correctly. That falls on Igor, as do many of the other issues.

I hope we get lucky, because that is the only way I think we move forward becuase IMO management is inept.

Don't get me started on Igor's income. IMO OUTRAGEOUS.

How can you say they have been showing good judement when the outstanding shares have increased to over 2.2 billion? It was under a billion a few years ago. How is management showing good judgment by spending as much money as they do on a monthly basis when the plane is not near operational status? I understand you have to be prepared for when it is, but they have been paying these unnessary expenses for years. IMO managment does not understand the process, does not act wisely and worse, they spend, spend spend and then issue more stocks, which is getting harder and harder I think.

Meanwhile, based on the SEC filigs, the managment is buying up stock at $.0001 a share. Rediculous, IMO. I am still mad that Igor gets paid millions of dollars in shares for what I would consider a VERY SUB PAR performance.

Venting, but I am extremely frustrated. I am still holding my shares on hope, but do not feel confident with Igor at the helm.

Does anyone ever notice that someone buys a small amount of the stock right before the close at the buy price just to bring it up? It happens way to often to be a cooincidence and IMO its BLTA people trying to keep the stock price higher (ie not show as much of a drop as it would have otherwise). Any thoughts/insight?

Very quite here these days

How long do these Determination of Fitness last? I cannot imagine they last forever and the one you referenced is from 2009. 3 Years ago.

I have been out of the loop a little. Have we had actual Baltia confirmation that all but one of the manuals have been accepted? I saw posts but not sure it was confirmed. If confirmed, did Baltia give an idea of when they would submit the corrected last manual (which I hope they would have already). GLTA.

Thanks

On the market or through Baltia?