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The only part your definitely right about is "there won't be any warning".
I would guesstimate that 99.999% of the complaints the SEC receives on Baltia, and for thousands of other Stinky Pinkies every week, end up in the recycle bin.
As long as they dot the I's & cross the T's in their filings, and appear to be doing what they claim, they get away with it.
More than that, they're well past 6 billion outstanding.
If they ever do get certified the news might get it back up to .003.
Igor & crew haven't figured it out in 26 years and these 2 individuals from DC are supposed teach them new regulations in 2 days?
The Parade got rained out again?
If Baltia's crew has performed flawlessly during each demo, why did they "changed their procedure manuals and training"/
You can Trust Baltia will fail the mini-evac claimed to be scheduled for tomorrow evening.
Baltia's plane is not kept in a hanger.
Below .005s will be available when mini-evac failure #7 is done.
That can't be true, Igor's favorite puppet has stated proving flights will begin this month.
With a big enough reverse split it could hit a $1.
Disappointment is what Baltia is best at.
When did Baltia demonstrate they could pass the mini-evac, and how many FAA personnel are required?
The company has already told us we can't trust what is posted on the message boards, that includes updates from you. There is real simple solution to get shareholders to stop calling the FAA requesting information or demanding they "give Baltia a date". Igor should put out a real PR, not a Facebook update.
Had they generated any revenues from transporting cargo & passengers the past several years, they would be.
A/S still 13.5 billion. BW must to have forgotten to retire the previously announced 75 million share retirement.
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=139156196253141251029028070039008175089079194136
Bebevco Delinquent yet again.
Filing Status Changed From: Active To: Inactive - Administratively Dissolved (Tax)
Inactive Date Changed From: No Value To: 06/09/2015
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=026008213098000182105083136087116155048171101077
As of 1:38 PM it was over 800 million.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=114438706
That is increase of 88 million since 5/5/2015 based upon the 13G filed 5/14/15.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10698430
Are they going to start all over again at another FSDO?
So once again, it is the FAA's fault? How many dates do those morons expect to be given? Makes you wonder if the infamous "6 attempts average" was actually the limit of attempts the FAA will allow.
What Barry paid for those 3.75million shares is a mere drop from the bucket he has made in commissions from selling billions of shares.
Why has Igor never spent a single cent purchasing shares? He must really believe in this POS.
That will depend upon how many more billions of shares Barry sells.
Baltia is one day closer to its next mini-evac failure.
Hog wash. The FAA can't release information about Baltia's progress, but Baltia can.
Give us a link to the FAA regulation that prohibits or limits a publicly traded company from updating their shareholders of their certification progress.
The FAA has no control over if or when the company releases news of it's progress.
Mini-evac failed again.
Yes, you'll have multiple long term dates.
WAG 07/19/2015 11:22:33 PM
Why should anyone need airline experience, to conclude that FAA tests are conducted by the FAA?
There would be a few billion less shares outstanding had they waited.
Only the FAA can certify the test? Why can't they go to Jiffy Lube and let them certify some items?
Don't expect the proving flights to be as simple as a walk in the park.
Daily FAA-Only Postflight Briefings. The CPT will determine if they have collected adequate EPI data and discuss the applicant’s performance. If it is unlikely the collected data will affirm element performance, the CPM/CTL will determine continuation in accordance with the following:
· In the event of multiple system failures (air carrier systems) or severe system deficiencies, the CPM/CTL may terminate proving tests to allow the applicant to redesign systems.
· In the event of a failure of an individual, or a minor system failure, the CPM/CTL may terminate that segment, but continue the proving tests.
· The FAA may repeat scenarios, but the CPM/CTL will modify them.
· If the FAA discontinues the proving tests, it will rescind the letter of approval.
Not according to the FAA. Phase 1 requires letters of intent for lease or purchase of aircraft & facilities. For Phase 3 you do need an aircraft to perform the mini-evacuation demo. Terminal space or facilities are never inspected or evaluated at any point in the certification process.
http://fsims.faa.gov/wdocs/8900.1/v10%20air%20trans%20over%20sys/chapter%2006/10_006_002.htm
Yep, for several years they've wasted money needlessly paying rent for terminal space, insurance premiums, & for maintenance.
Even a blind squirrel should be able to find a nut after 26 years.
How embarrassing for Barry, last years title sponsor of The Thunder Over Michigan Air Show, can't even scrape up enough money for the smallest sponsorship package available.
http://www.heritage.com/articles/2014/08/15/ypsilanti_courier/news/doc53e929a73f557173166120.txt?viewmode=fullstory
Well there is not much room left to expand in the niche US to Russia market.
on May 23, 2008, the DOT decided to grant the requests of United and American. Under the U.S.-Russia
aviation agreement, U.S. carriers may operate 63 weekly scheduled combination frequencies. Those
frequencies are currently undersubscribed, with sufficient frequencies available to satisfy the United and
American requests. The proposed services of United and American would offer travelers new and/or
additional U.S. carrier service options in the restricted U.S.-Russia market. Accordingly, we have
determined that grant of the pending requests, as conditioned below, is consistent with the public interest.
With regard to Baltia, taking into account all the elements of record, we see no persuasive basis to deny
the requested authority. Similarly, with respect to Aeroflot, we are not persuaded to withhold the
authority sought here by United and American; we will instead address Aeroflot’s concerns separately.
http://www.regulations.gov/#!documentDetail;D=DOT-OST-2008-0157-0004
As per Steffanie Lewis's unsuccessful opposition: Through negotiations, the U.S. obtained 63 frequencies in the US-Russia market.
This huge number of frequencies should enable nine U.S. carriers to operate daily round
trips to Russia seven days a week. But, only one US carrier, Delta, actually operates into
Russia. Yet, only 15 of the 63 frequencies remain available today. Further, if the current
applications of United and American are granted, only 7 frequencies would remain.
http://www.regulations.gov/#!documentDetail;D=DOT-OST-2008-0157-0004
Unlike Igor, the CEO of Eastern Airlines has over 28 years of experience in the airline/aerospace industry and in investment banking and restructuring.
If Baltia were truly an "Elite" company they would've have started flight ops over 20 years ago.
Countless staff changes, well how long would you stick around waiting, after so many years of management telling you "soon, next week, next month, almost there ..."?
The FAA has no control over what information Baltia wishes to share with the shareholders.
A true Baltaholic was quite clear when he stated it is a "Fact" that we can go to regulations.gov for up to date info. Since that is the most up to date info and there have been at least 6 mini-evac failures, you may want to re-think your conclusion.