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How SOON will Baltia file BANKRUPTCY?
Baltia has left a bagholder in their wake. From FB:
From Baltia FB page from another satisfied investor:
It was another great week for Baltia shareholders. The PPS was green and the rumor mill has assured the masses that a 787 will be purchased very soon. Also, although Baltia's financial status is worse than dismal, they have already promised that a RS is out of the question.
I am not sure but they need the documentation to be right before the R/S, which is obviously the reason they located the error now!!!
They might be in negotiations with the SEC and/or DOJ
Our 13D filer made some assurances to his bros that negotiations would come to fruition SOON....25 fold returns....easy
Just remember boys and girls that Baltia only claimed 40K with of assets in the last 10K. Either N706BL is completely junk now or Baltia never really had an equity interest in it. Shareholders were really just buying a fart on a windy day when the thought they were buying an aircraft.
Is anyone else going to Barry's trial?
Here is a roadmap for saving the company:
Do a RS to get rid of all the current shareholders
Decide on a new product, perhaps something that requires FDA approval...a new cancer drug from South America
Change the company name
Start issuing press releases
It is bound to work!!!
Another 27 years of prosperity!!!!
Just remember Capi that our 13D filer said you can expect a 25 folder increase SOON!!!
Mit:
Just call Tony Crowdfunder, he will be happy to provide you with positive news.
ihubmoney:
Baltia was not the last company to get rid of 747-200 pax as obsolete, Iran just got rid of their last.
http://www.ch-aviation.com/portal/news/46137-iran-air-retires-last-remaining-pax-b747-200
Its just like LT said the other day, BIG NEWS SOON. Baltia didn't have quite enough money to buy the new 787 and get the golden pigeon painted on the tail, so they need volunteers for a "painting weekend". Even if you are afraid of heights it is OK, you can paint the feet or the golden egg.
Baltia will be the first airline to use unskilled labor to paint its aircraft.
Mit:
Why doesn't Baltia start selling tickets? There may be laws here that preclude that but they may be able to sell them to Russians or Ukrainians. Who care if they get pissed when the flights never happen. It would be a great revenue generator and the PPS would skyrocket!!!
Weaseldawg:
From the complaint and the answer, here is what I think we can safely conclude. The ledgers exist and are in the possession of the SEC. They list the PP transactions which were made. There are numbers on them that appear to be compensation amounts but what they are is in dispute.
This part is my opinion: If they ledgers are shown to be for compensation, Barry is going to get hammered. It is hard to claim that Barry was paid $1.7 million in bonuses for touring potential buyers around the company. He was paid for selling them stock.
When you buy a car, you deal with a salesperson. You can make them an offer and they may need to go get approval from the sales manager. However, the salesperson gets the commission because they sold you the car. This is the same deal. It doesn't matter if Igor approved the amount for the PP sales. If Barry front ended, he made the sale. Barry should have to pay the investors he defrauded back by not having a license.
ihubmoney:
I certainly hope Barry's clan takes care of our whale after the R/S. He has earned that accommodation by consistently posting signals to the BFFs about internal company operations. I think we can credit the current green days to a specific post.
Is Barry still selling PP shares?
He tries to but that won't fly. I guess the international law firm is done with Baltia?
weaseldawg:
Brad would know because he has 20,000 pages of evidence!!!
Actually, here is what the complaint says about the ledgers:
I will be a lot happier when the DOJ indicts Barry.
Since one or more FOIA requests worked to shake loose Barry's answer, it sure will be fun to do the same and see the SEC's witness list. Which BFFs have turned on Barry? All will be known soon!!!
Geez, "I have no idea why Baltia paid me $1.7 million".....nice Barry.
Currently evaluating several deals with the SEC?
Baltia could sell to up to 35 unaccredited investors, https://www.sec.gov/answers/rule506.htm They may have sold to many more than that. Also, Barry is not charged with that.
Purchasing an Existing 121 Certified Carrier
http://www.universalweather.com/blog/2014/05/purchasing-an-existing-part-121-135-or-145-certificate-part-1-knowing-the-regulations/
Do you believe in miracles? Then, load up on Baltia shares!!!
If you have questions about your investment, just call Tony Crowdfunder. He will be happy to tell you positive information.
AK:
There was news. LT said Baltia was buying a new plane in a few weeks and the PPS would increase 25 fold.
Monroe1:
You are right that Barry Clare has only been charged with a violation. He may be found to be not liable. However, even if that happens, this is still a huge dent on the company. The costs of his legal defense, all of these accounting adjustments which are obviously related and the energy that is pulled away from operations are the death knell of Balta..
It certainly looks like Avatar will be airborne first.
BIG PR next week!!! (If not next week, SOON!!)
Here is what I think it might say.
Rolph:
You missed one very important point, the linkage between some Baltia posters and Avatar. Brad probably had all the evidence he needed to expose this, as he had evidence on everything else, see http://postimg.org/image/6yb1eq51x/full/. Yet, he never did it. Why?
Obviously, there is a conspiracy that is on par with Jimi Hendrix faking his own death, the federal government concealing the existence of UFOs or the mass media refusing to report their proof that Obama was born in Cuba.
I have to admit that I was seriously sweating it for a while.
AK:
I know you are right but our friends in Boca Raton are seriously pissed about this new development.
Wick:
I bet they have they are working feverishly on Form 5As.
Don't forget about Brad's really BIG investigation http://postimg.org/image/6yb1eq51x/full/
Five More Form 5As just got filed. Kaplinsky could not count how many free shares he got over the years.
What they should have done is taken over a bankrupt 121 certified carrier or merged with one and skipped the whole certification process.
Inside Information?
Attempt to Influence PPS?
Stupid Nonsense?
Check out the Baltia Wrecking Crew on FB.