Baltia has lost its ROUTE AUTHORITY, Has $38,000.00 in the bank, has issued 1.8 billion shares and NO source of revenue other than to further dilute the stock.

GLTA

At what point does the US State department weigh in on Baltia's services? Baltia doesn't seem to have enough political clout to pass the FAA cert process let alone the US State Department.

There was a route revocation letter sent to Baltia from DOT in early 2011. Baltia responded by asking for a 6 month extension. DOT then requested updated info, Baltia sent the requested Docs in April or May of 2011...and there is nothing further posted on DOT site after that. IF another extension was given...it has long expired.

www.regulations.gov

The US rescued Iranian hostages last month and has now moved 3 aircraft carriers off of the Iranian coast...soo, goodwill continues even though countries are about to kill each other. Although I brought it up, I strongly disagree with your assessment, but thats what makes America great!

With rising tensions between the US and Russia over Iran and Syria, internet chatter is that of a hard and fast return of cold war era relations. Should that play out, what is the fate of Baltia?

Great Baltia articles..I never saw the 2006 report on Baltia before.

a must read for Baltia investors.

http://www.stockpatrol.com/results.php?query=baltia

Selling pressure continues..this started about a week ago, what do people know? the volume is light which is rather scary because when the real volume comes out it could crush the bid.

FAA feels Baltia isnt ready at this time..If Baltia's manuals were in the hands of the FAA and it was a matter of waiting it out? Why are investors trying to circumvent that process? Its a matter of safety, if the FAA believes Baltia is ready to fly it will issue a certificate...OBVIOUSLY they dont feel Baltia is appropriate at this time.

Stock closed higher today after a 300 share uptick purchase followed a 50k sell. This has been the 7th day in a row of solid selling pressure. Despite the secret shopper's quick purchase I think the investors on this board and elsewhere know whats going on. What happened last week that started this constant selling?

Baltia's Route Dormancy


The date listed from Department of Trans looks like January 5th 2009, did Baltia commence operations? Does Baltia have to reapply to the DOT for route authorization and try to prove its fitness all over again IF it gets FAA approval? After reading this, it looks like they do.

http://www.secinfo.com/d13Hs4.sa.b.htm

"(11) In the event that the holder does not commence actual flying operations under this certificate within one year of the date of the Department's determination of its fitness, its authority shall be revoked for dormancy, unless the holder is conducting operations under another type of certificate authority. Further, in the event that the holder commences operations for which it was found "fit, willing, and able" and subsequently ceases all such operations, its authority under all certificates held shall be suspended under the terms of 14 CFR 204.7 and the holder may neither recommence nor advertise such operations unless its fitness to do so has been redetermined by the Department. Moreover, if the holder does not resume operations within one year of its cessation, its authority shall be revoked for dormancy. "

Who replaced Jerry as Baltia's Flight Ops guy or is he still there?

I have no idea if they are still trying to sell those things. Its not as if its an exclusive item...the issued shares are 1.8 billion and considering most of it came from PP or straight issuance, I wouldnt be surprised if Baltia ups the Authorized share amount to 3 or 4 billion within a few weeks or months.

As far as I know, the bid has never been high enough for anyone to sell their private placement after the holding period for a profit. That tells me its TOXIC!

I remember the 500k shares with 250k warrants @.10 for $50,000.00 guess those boys are kicking themselves!

According to Baltia's FAA filings...Baltia has a line of credit commitment from BC Ventures (Barry Clare) but I don't see them coming in to support the stock price? come to think of it....I have never seen any filing for insiders actually buying the stock but notice that Barry has acquired quite a bit of shares and his family has to..again this is according to the FAA filings. Does this sound right, can family members and insiders buy stock in the open market without filing paperwork?

I actually remember seeing the word "Finders" next to their names? Doesnt Barry work for Baltia...why the need to pay a finders fee?

I was feeling nostalgic today and thought I would post this..it has been 10 years and nothing has changed. I give this guy credit, he called it!

my favorite part "Baltia had $3204 in cash" Yup sounds about right!! LOL

http://www.stockpatrol.com/article/key/baltia

Anyone know when Baltia's route authorization is set to expire again? It has happened several times during Baltia's past failures.

Baltia stock selling continues and considering the 1,800,000,000 shares outstanding, there really is no bid interest. This on the few hundred thousand shares over the past few days and bids pulling back. If you love it .034, you really love it at .0150...hee hee hee

Look at the selling with the 450 uptick...I see a .02handle today! Its Toast!!!

IMHO, I don't think the regulators are going to allow Baltia to ever fly WITH PASSENGERS!!!. I feel its a matter of time before investors and or securities regulators look to shut this down and liquidate.

This is a tax loss IMHO.

Baltia has done nothing from an investment standpoint. They have sold 1.8 billion shares not through an IPO mind you, rather private placements and cold calls. Baltia has raised millions of dollars and spent every last bit of it. After reviewing their SEC filings a very clear message comes to light...they aren't in the airline business nor does it appear they ever will be. They appear to lack the required knowledge and financial wherewithal. IMHO

According to Baltia's last quarterly filing, they had 38k in cash!

Also note the stock issuance and outstanding...wow, thats alot of shares!!

http://www.sec.gov/Archives/edgar/data/869187/000116519512000001/2011Sept10-Q-1stAmendf.htm

If I'm not mistaken, Baltia has changed its accounting firm several times over the past few years. Can someone call Baltia and ask them if its true and why?

Baltia's stock price continues to fall on selling pressure. IMHO I feel the price can easily reach .01 handle or lower. Investors should review the actual trading activity so they dont get confused and see an upticked price. Investors should review the sell size versus the uptick buy size.

When the company was reviewed by the DOT for its financial fitness, the company had several million dollars in the bank. Since that time the company has spent all but 38,000.00 . I am hoping that the DOT reviews them again.

The CEO of Baltia was once removed by the original shareholders and it should be considered again. The company has jumped its authorized shares from 100mill to 2.0 billion and issued 1.8 billion in the past 4 years. The company has raised almost 20 million dollars and only has 38 thousand left.

If the MARKET CAP INCREASED TO 100 MILLION, THE STOCK PRICE WOULD BE AT .06 SOO, IM NOT SURE WHERE THE VALUE IS.

I think its time for a another vote of confidence.

Yeah, let us know what Igor says! LOL

The financials are public info, just grab a calculator. I was also involved with the original investors, if you would like to know the whole story, call Igor and ask him yourself or, get a list of the original investors and start making your own calls.

If you are going to do real due diligence, start with the past 5 years of quarterly filings. skip over the fluff and go to the "stock issuance" and cash received for issuance. get a calculator add that up...subtract the airplane of 500k and then ask yourself...WHERE DID THE MONEY GO? You will notice that the Gen and Admin fees are proportional to the amount of money raised, why was that even prior to starting the FAA cert process?

The simple fact that the authorized shares have gone from 100 million in 2007 to 2 BILLION with 1.8 Billion issued should be enough to scare away anyone. With 600+ million in the float and the market cap has remained the same is a telling story.

Well, this maybe true, but there doesnt seem a great deal of buying interest as opposed to selling.

It appears that there has been consistent selling since the 6th of March. 10s of thousands of shares hitting the bid, followed by a 200-500 share uptick. Sooo, i think the cat is out of the bag.

This was a great post, but it has been 27 months and as of their last filing they had a grand total of 38 thousand dollars in the bank...mind you this was after raising a few more million which has also been spent. Seems like they are not in the same financial position as they once were or is there some other financial data available? Just trying to understand their ability to continue operations on such little cash.

Your post doesnt seem to accurately reflect the trading activity in BLTA. These are the actual trades and as you can see, there was far more selling activity. It appears that someone is painting the tape with small orders after larger sells in an attempt to make it look higher...wouldnt you agree?

$0.0360 350 OBB 13:34:08
$0.0321 1,000 OBB 13:28:12
$0.0365 200 OBB 11:05:49
$0.0350 69,100 OBB 11:04:34
$0.0350 10,000 OBB 11:02:00
$0.0365 550 OBB 10:58:54
$0.0350 10,000 OBB 10:55:50
$0.0350 41,000 OBB 10:48:33
$0.0350 19,900 OBB 10:46:32
$0.0350 3,000 OBB 10:46:19
$0.0315 10,000 OBB 10:27:30
$0.0350 300 OBB 10:25:19
$0.0315 10,000 OBB 10:18:08
$0.0350 1,000 OBB 09:43:23
$0.0301 20,000 OBB 09:33:44
$0.0310 10,000 OBB 09:33:39
$0.0370 2,500 OBB 09:30:02

I am curious how everyone knows that their manuals have been rejected? That seems like a materially adverse event that I didn't read on an SEC filing..if anyone has a link, id like to see it.