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Since he does not own 10% or more of the common shares, and he is not on the board of directors, or an officer of the company, he is not required to file, or explain where the additional 13,333,335 shares came from. Common sense would presume they were acquired in another PP sale. I'd guess to cover the cost of expediting the slides to and from the new vendor.
Slides not functioning properly appears to be a problem for many aircraft according to story: The NBC Bay Area Investigative Unit has discovered that the government has been concerned about the reliability of evacuation slides for decades. Federal safety reports and government databases reveal that the NTSB has recommended multiple improvements to escape slides and that the Federal Aviation Administration has collected thousands of complaints about them. NBC Bay Area also discovered that just two months before the accident at SFO, regulators issued a safety alert for slides on the same airplane model — a Boeing 777-200ER — involved in the crash.
http://www.nbcbayarea.com/news/local/Federal-Records-Show-History-of-Problems-with-Escape-Slides--223961501.html
They're going to investigate them again?
If the slides caused the first & fifth failures, what caused the other 3?
Why are there so many mechanical issue being discovered during the mini-evac test?
Kalitta Air gave this plane a clean bill of health a few months ago.
If the parts were worn out, they would have been replaced during the Heavy check.
I think the next PR will be N706BL was sold for scrap.
The FAA has no control of what Baltia PRs. There isn't a National Security issue with the world knowing if they finally passed, or failed again.
If they get pass the proving flights, they should get a local tv crew to cover their arrival into JFK.
They do not use parachutes for the evac.
Post a link to the Air Directive generated by this discovery.
So they don't trust Kalitta with the slides? Makes you wonder how many other items inspected by Kalitta can't be trusted.
Show us another Airline, that never transported a single passenger, or ounce of freight, during their first 25 years of existence.
"The mini-evac is completely unrelated to the plane's heavy check and integrity. It's all about the training and the doors/slides."
Looks like your LT disagrees. This what he said about it after the first failure:
Your preparing for another failure? Do you fear more items may be found that "Kalitta kind of did wrong during the heavy check"? Supposedly the plane has been doubled & tripled checked, at least twice now, after failures.
And a tragic PR could come out also. The plane might go down somewhere over the Atlantic.
I wonder what the FAA's hazardous duty pay rate is?
If Baltia ever makes it to proving flights, you can track it in real time.
http://www.flightradar24.com/46.18,-81.62/4
Lets pretend that BW's Hemp infused ice cream really exist. How big of a market is available for it in the USA? Only 4 states, & the D.C. area, have legalized Marijuana for recreational use. With it being a controlled substance, it cannot be sold to minors.
Several states allow it for medical use; however, BWs ice cream will most likely not have the potency needed to be effective.
No, actually his ownership of Baltia shares have gone up considerably.
As of 1/04/13: 302,651,000
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10256751
As of 12/31/14: 322,651,000
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10425766
As of: 2/17/15: 442,650,995
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10500838
Granted we have no clue as to what other PP shares holders have done, but his activity can be found in the filings.
I presume the most recent 120,000,000 restricted shares acquired, are for the fuel he promised to buy for the proving flights.
A) Paki Air B) Too much C) Belly landing due to Nose gear failure D) Engines were put on N706BL and eventually sold for scrap.
Not a single passenger nor ounce of freight, has been transported by Baltia Airlines in it's 25 years of existence. That is the failure of management, & the greatest airline minds Baltia has to offer.
The decision is entirely yours to make. But considering Baltia's track record, do you really want to risk funds that are already obligated?
Sure, if it pans out, you could see a nice gain. But if they fail yet again, or hold off for some other sugar coated excuse, will Baltia pay next month's house payment for you?
It is in Wyoming.
"the equivalent of the company buying back it's shares." 1,000,000 shares at .01 ea, how many outstanding now 6,000,000,000?
'those in the know start putting their money where their mouth is" Wow $10,000 and he made what over a $1,000,000.00 in commissions selling PPs for Baltia in 2014?
This is the first time Barry has purchased shares in over 2 years.
Barry's form 4 filing is the equivalent of a fluff PR.
Probably near Christmas again.
You can believe that if you wish, but it will never erase it from Baltia's 25 year history of failures.
It has been a matter of WHEN for 25 years and more than $100 million dollars down the toilet.
Your not familiar with Jared & Brian's history. The beverage company the article is referring to is BBDA.
Federal prosecutors also accuse him of selling stock in a beverage company for more than $1 million, having not invested any money in the stock. But on his tax returns, Hochstedler reported only $206,997 in capital gains, according to court documents.
In a civil investigation related to those transactions, Hochstedler told the SEC he sold the stock in the beverage company for between $300,000 and $400,000, according to court documents.
Why should we believe that Baltia will ever sell tickets? If a slight weight imbalance can twist the frame so much the doors won't open, just imagine how much it will buckle when fully loaded. Lord only knows just how many things "Kalitta kind of did wrong during months of C checks".
Baltia Probability Of = 93.61 %
http://www.macroaxis.com/invest/ratio/BLTA--Probability_Of_BankruptcyBankruptcy
In over 25 years of existence has Baltia generated any revenues from transporting passengers or cargo? Kalitta Air has.
Pay checks from Kalitta have a better chance of clearing the bank than Baltia's.
Don't get your hopes up. More problems will be found that "Kalitta kind of did wrong" during Baltia's C check.
My guess would be at Kalttia's, since they have a flight simulator.
Probably not. They may have been stoned when the deal was being pitched to them.
Better send your striped PJs to cleaners BW, your getting thrown under the bus.
http://www.journalgazette.net/news/local/courts/Guilty-plea-entered-for-filing-false-tax-returns-4772784
Guilty plea entered for filing false tax returns
January 31, 2015 1:03 AM
Rebecca S. Green
A Fort Wayne businessman entered a guilty plea alongside three charges accusing him of filing false tax returns and lying to federal investigators.
According to a criminal complaint filed Friday, Jared E. Hochstedler failed to report loans and income from stock-for-equity agreements on his taxes, and lied during a Securities and Exchange Commission investigation while under oath.
He was charged with two counts of fraudulent statements and one count of perjury, court documents show.
From January 2008 to June 2009, Hochstedler participated in five stock-for-equity agreements, called “wrap agreements” related to a business he owned called Enzyme Environmental Solutions.
The transactions involved companies assuming debt owed to Hochstedler in exchange for stock in his company. According to court documents, Hochstedler failed to report that he was paid more than $2.8 million during that time for accrued wages and other debts.
In connection with those wrap agreements, one of those companies provided Hochstedler with $1,066,044 in loans. He is accused of using a substantial amount of that money for personal expenses, failing to report any of it on his income taxes.
Federal prosecutors also accuse him of selling stock in a beverage company for more than $1 million, having not invested any money in the stock. But on his tax returns, Hochstedler reported only $206,997 in capital gains, according to court documents.
In a civil investigation related to those transactions, Hochstedler told the SEC he sold the stock in the beverage company for between $300,000 and $400,000, according to court documents.
According to court documents, Hochstedler under-reported his income in 2008 and 2009.
He filed a plea agreement Friday as well, promising to cooperate with federal investigators in exchange for a potential reduction in the severity of sentencing, according to court documents.
Hochstedler’s plea agreement has not yet been accepted by a judge, according to court records
Have you ever looked at the financials? Or check the company profile on OTCmarkets.com?
Pay checks are bouncing? Do you know if/when Baltia filed for bankruptcy?
I'm sure some bag holder is eagerly awaiting your entry.
How can you say Baltia's CEO is not a genius? In over 25 years he has whizzed away over $90,000,000.00 of investors' money and all he has to show for it is a death trap sitting on a tarmac in Michigan.
It will fail yet again, due to more items that Kalitta "kind of did wrong during the months of C checks".