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Time pirate..... you're right.... no one can make an INFORMED decision on this company? the new regime is a big let down! The old Baltia team was the real deal! These US Global guys don't have a clue.
Redsky.....I was in when Baltia was a real promising upstart Airline. The old team with Igor at the helm almost pulled it off, I don't care what people say about the old Baltia team.... they were determined real fighters and accomplished many milestones, if it wasn't for faulty evacuation slides they would have flown. This new team is made up of wannabe's that haven't accomplished anything since they took over. Not only did they not accomplish anything, they destroyed a company that still had life until Tony took over. They lost a million dollars because they were so overly confident they could raise the balance of $5.5mm, OBVIOUSLY they couldn't (wasn't in The agreement with Songbird that they had the funds on hand to close The deal? Hmmmm?) The old team was able to continually raise capital to fund the launch, this team doesn't have that ability. The new team, with Tony running the show,also lost the route authority, this is the nail in the coffin! You're dreaming if you think they will get a loan from anyone, especially without collateral. It's amazing to me that there is still interest in this dog!
Hey redsky..... who in their right mind would lend this company money..... especially the kind they need to launch! The answer is no one!
GOOD LUCK MONROE! YOUR AIRLINE ISN'T GETTING ANY MONEY FROM THAT FUND. WISHFUL THINKING!
Tony never ran anything in his life, let alone an airline...... he's in over his head! And Sheryle is full of you know what!
Tonys letter is a crock of you know what!
ZERO ACCOMPLISHMENTS SINCE TONY TOOK OVER! ALL WINDOW DRESSING.... THE WORST THING THEY EVER DID WAS TO GO AFTER THE SONGBIRD CERT....... THEY SHOULD HAVE DONE THE FINANCIALS FIRST, RESTRUCTURED THE COMPANY AND THEN PROCEED WITH THEIR OWN CERTIFICATION. THEY WOULD HAVE HAD A MUCH BETTER SHOT AT GETTING IT DONE IN MY OPINION.
They never had the cash to complete the songbird deal! Talk about disclosure..... someone should hang for this!
Sufficiency of Funds. Buyer has sufficient cash on hand or other sources of immediately available funds to enable it to make payment of the Purchase Price and consummate the transactions contemplated by this Agreement. Proof of funds will be made available to the Seller 15 days prior to the Scheduled Closing Date.
the 3 years prior they almost got through the certification if not for the faulty slides
What have they accomplished?
That's not correct.....US GLOBAL HAS ACCOMPLISHED NOTHING!
YES HE DID.... HE WAS PART OF THE FINANCE TEAM! That was his job... to raise capital.
well if someone knows something before it's public info and they're buying stock.....IT'S ILLEGAL!
If you're referring to Barry......Igor started the airline, NOT BARRY!
How true!
He got paid just like everyone else at the company..... his compensation was disclosed in the k's and q's...... he did a tremendous job for all of the shareholders keeping this dream alive.... instead of some thanks, he gets bashed....i don't understand it! WHY AREN'T YOU WRITING ABOUT TONY WHO GOT PAID A LOT OF MONEY FOR RAISING CAPITAL.... WAS HIS PAY DISCLOSED?
Barry did more for Baltia than anyone..... this board knows nothing about him or what he did for the company.... and I'll say one more thing, the company isn't gong anywhere with Tony at the helm....this is an exercise in futility...... have fun.... bye forever!
Hey AK.....Barry is probably the only one at Baltia who didn't sell shares, not even one share... he has all of his shares. When the company needed money Barry bought shares from the company and paid market price while everyone else was getting a 50% discount. DOESN'T SOUND LIKE A BAD GUY TO ME!
You're right, Sheryl talks the talk but can't get the job done..... she's useless!
$1MM .....everybody is so concerned about the million bucks..... even if US GLOBAL got the money back, what good will it do them? They'll eat it up with overhead in no time at all, if they haven't eaten it up already. It takes much more than $1mm to start an airline.
Buying another certificate is not the answer. Doing your own certification is! Need a lot out money to do it.
NICO...... INSIDE INFO?
TROYAL, THEY WOULD BE BETTER OFF STARTING FROM SCRATCH! THERE'S TOO MUCH BAGGAGE HERE!
He feels terrible! His life was destroyed as well as his health. All he did was believe in Baltia, invested his own money into Baltia (which not to many of Baltia's employees did) and worked hard for Baltia. And now he's getting bashed on top of it, what a shame.
hey ak.... they would be lucky to have him back.... but forget about it, he would never go back!
Barry wasn't the only one selling the pp...... YOUR BOY TONY WAS AS WELL! and he's THE president of the company, go figure. THE ONLY ONE WHO PAID THE PRICE WAS BARRY. He didn't deserve what happened to him......he was a big asset to the company.....i bet that he could have raised the money for the songbird deal! Barry shouldn't be bashed.... he did tremendous job that not to many could have done.
First of all, no one at Baltia ever said they were definetly flying on a certain date, neither did anyone guarantee it!.... what I Do recall being said was they expect to fly by a certain date! And there is a schedule of events filed with the FAA which leads up to any inaugural flight! So if Barry said anything, it was based upon a schedule of events or his expectations which were told to him by Igor,Russ and the Baltia Part 119 Team. You're blaming the wrong guy! Even before Barry was there, Baltia was expected to fly.
Hey flyersfan.... DO your fact finding before you post... the SEC NEVER SAID BARRY SCAMMED ANYONE! TONY RAISED CAPITAL JUST LIKE BARRY AND WALKED AWAY SCOTT FREE. BARRY DID A GREAT JOB (MUCH BETTER THAN TONY) AND THERE IS NO REASON TO SAY HE SCAMMED ANYONE. AT LEAST BARRY WAS HONEST!
hey robo...Now you're blaming it on Aerline? They screwed the investors? What a joke!
hey small time..... they lost route authority and even if they didn't lose it yet they will because they will never pass the financial fitness test from the DOT! WITHOUT ROUTE AUTHORITY THEY MIGHT AS WELL PACK UP THEIR BAGS AND GO HOME OR START A COMPLETELY NEW AIRLINE..... THEY WOULD HAVE A BETTER SHOT AT THAT!
Not only did he give away $1MM to Songbird, i heard he was also living large at topless joints drinking his scotch!
Baltia wasn't a scam when Igor was running the show. They may have had some problems along the way, but they were damn close to flying! People don't realize what it takes to start an airline, it is extremely difficult, very costly and time consuming. If you don't have funds you shouldn't even be in the game, that's what the DOT financial fitness is for. If you ask me, Barry Clare did one hello of a job keeping Baltia alive!
We all wanted them to succeed! But talk about transparency? There isn't any. Especially if they don't have the money!
I THINK IT'S QUITE OBVIOUS..... THEY DON'T HAVE MONEY FOR ANYTHING...... THE ACQUISITION, SALARIES, AUDITS ETC.
That's what IGOR did and everyone said he should have bought a certificate..... Igor was right, buying someone else's certificate is a losing situation. First, your buying a part 121 air carrier that went out of business and second you'll have to fly according to their manuals. If you want to make any changes to the certificate you would basically have to go through the certification process anyway.....SO WHY WASTE MONEY ON SOMEONE ELSES CERT?
I agree.....Barry would have done a better job!
Hey Delta...... the infamous Barry Clare? What exactly do you mean by that? US GLOBAL WOULD HAVE HAD THE MONEY IF BARRY CLARE WAS STILL THERE!
Barry didn't give himself anything. Oh you forgot to mention that your man Tony got 100 million shares at the same time.