Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes, those things would be amazing. It would be amazing for me to hold the single winning megamillions ticket too. Those both have about the same odds of happening.
The company hasn't issued so much as a PR or shareholders letter. Lampl was called and answered a few questions for the local newspaper. That's not the company making any kind of statement at all. It's the company backpedaling and sugar coating the real issue. The blurb on their web page is just utter BS too.
Where's the PR that the company should have issued days ago??
If there was a deal to announce, it would have been done by now. They can't pay the auditors and were seeking PERSONAL FUNDS from some shareholders. They couldn't obtain financing for the Songbird deal, according to a previous Lampl interview. They coulnd't pay for the Kalita 767. They forgot about a $7M law suit in prior reporting periods and still haven't settled that, as far as we know from available SEC filings.
If they were serious about this company at all, they should have...COULD have avoided, at all costs, the SEC suspension that they knew about 2 months ago - never mind that they knew how seriously delinquent they have gotten with each passing quarter since the last 10K was filed.
Dream all you want, rab, but the reality is 99.9% likely exactly as it seems. They mislead us. They lied to us. They did not perform their fiduciary duties as officers of the company. If you have money sunk into this Titanic, then I guess you have reason to hold out hope for the .1% chance there will be some kind of turnaround and you can get out with some dignity.
rab74 Thursday, 05/10/18 04:39:19 PM
Re: phl08 post# 99680 0
Post # of 99682
If things are really that bad..., Lampl would not have made those statements. Attorneys would have said “ keep your mouth shut”. I really believe they are coming up for another round. This will turn interesting. Amazing to announce a deal, and completion of audited financials, during this 10 days suspension K-booom. Everything is possible. Company making statement after this is a good sign.
This company is out of surprises. There is no coming back from this latest snafu. Tony, the CEO..formerly CFO supposedly with lots of Wall Street experience and contacts, could not smooth talk his way out of an SEC suspension after 2 years of delinquencies.
His slick promises in November of the audits being "complete" while he was also trying to find money to pay the auditors - all while telling the shareholders they will be released "soon" shows the depths he went to deceive us all. Ditto for his Director of Misinformation, Mr. Lampl.
Some think this whole charade has been by design, some think maybe he really is just a really BAD business person. But either way, the company is - for all intents and purposes - done. Not that it ever began in the first place......
rab74 Thursday, 05/10/18 03:48:15 PM
Re: rolphtonair post# 99650 0
Post # of 99678
Interesting..., we will get a surprise???
The really sharp dude and his director of miscommunication were absolutely not "caught off guard". And Lampl trying to explain it away with a silly comparison to a missed credit card payment is just ludicrous. I wish I could have heard that short conversation.
The SEC knows the exact date the company received the notice in March because it would have been sent certified and signed by a party at BLTA dba USGL upon delivery.
And when you are able to trade on the grey market, you'll be looking at PPS lower than anything BLTA has ever seen. If you think that will be the time to accumulate waiting for the big announcement and re-listing, you'll most likely be even more disappointed than you are now. If it were me, I'd be moved onto something more solid.
Truly a shame for those who held on, and even a bigger shame for those who are in dire financial straits because of this mess. The signs were there for many months and, in hindsight, for many years.
mysterymeat Wednesday, 05/09/18 11:58:17 AM
Re: pfgolf post# 99599 0
Post # of 99603
I've never tried to trade a grey sheeter. You have to go through your broker. There is bid/ask quoted, no level 2. They try to find a matching trade. The commissions will be higher.
BLTA has *NOT* been in worse shape than being suspended. Today is a new low all around. PPS price dropping after a CEO passing is normal. The company was still "in business", though not generating revenue so the pump and dump continued unfettered.
There are a zillion flipping opportunities on the pink and grey market. .00001% of them "Maybe" will turn a profit. If I buy a megamillions ticket this week, "maybe" I will win. That's essentially the rationale you're using to champion this company that has done nothing to show its shareholders it can produce a penny of revenue, let alone churn out some legally mandated SEC filings.
Read in full context not partial, this is what was said: this could be a blessing in disguise which only time will tell. Remember we have been in worse shape than this as far as PPS no news and the passing of Igor and all hope lost.
Monroe - the jig is up. You can stop your puffery - nobody's buying.
The company can speak to us now all they want. They've done that for the past year and it's done nothing but build and quash hope .
The only words that will matter are the ones printed on delinquent 10Q's and 10K's, followed by relisting resulting from becoming compliant.
Can you tell me when BLTA has been in worse shape than an SEC suspension? The passing of a CEO/majority owner normally means the company keeps on moving, albeit with some hiccups. This company ceased to move at all except jockey a few chess pieces around the board without any checkmate in site.
Monroe1 Member Level Tuesday, 05/08/18 12:09:51 PM
Re: None 0
Post # of 99483
I would expect we hear something from the company before much longer. This could be a blessing in disguise which only time will tell. Remember we have been in worse shape than this as far as PPS and no news and the passing of Igor and all hope lost.
Lampl told you in emails that the Kalita lease deal is "still a possibility"? He's discussing company plans in a personal email? Wow. Just Wow. The last investors update was Tony backtracking on the Songbird deal and saying the company has been authorized by the BOD to "explore" other opportunities. Just a bunch of word crafting to try to lessen the blow that they couldn't complete 2 deals last year - Kalita and Songbird.
Monroe1 Member Level Sunday, 05/06/18 10:05:35 AM
Re: AKthisistheone post# 99367 0
Post # of 99373
Pure genius when we get airborne. Xtra or another as long as we fly. Still could be something with Kalita. Kalita has worked with us a few times already. The lease deal they made prior to Songbird is a real possibility as stated in emails from Lampl recently and in the investors update last year that was the goal. Who knows, time will tell. I have tons of patience.
It certainly won't be BLTA. They couldn't raise $6.5M for the Songbird deal, where are they going to come up with $30M for a hangar, plus all the operating costs. Not that the seller or Stewart will even consider them for the deal.
I can't see a US airline buying or leasing it. They all have their primary maintenance bases covered at their hubs.
Monroe1 Member Level Saturday, 05/05/18 11:04:59 AM
Re: USGlobal4Life post# 99350 0
Post # of 99371
False Flag. Looks like GE is pulling out. They have been having some rough times lately. Once US Global Air expands they may need this huge space. Most likely another airline will grab it up.
There was no Baltia plane in AZ last week (or a few weeks ago).
There was a (former) Songbird plane flown there and prepped for export to a buyer in Malta. The FAA paperwork confirms this. I can't believe how many BLTA fan boys got their hopes up simply because a 25+ year old 737-400 that was part of the failed Songbird deal 6 months ago flew.
rolphtonair Friday, 05/04/18 06:48:27 PM
Re: None 0
Post # of 99370
I read that as well but interesting no real proof of that except that persons say so. Many others have sent emails and called with no response but on a down day that little bit pops up . Why did they not mention they were going to visit or take a picture of their visit and post it as others have done when they were looking for the Baltia plane in Arizona last week.
There was never any confirmation from Aersale of a signed agreement or completion of the XTRA sale by April 30. It was simply announced in March that they entered negotiations and "expects to select a buyer for XTRA Airways before the end of April 2018."
https://www.ch-aviation.com/portal/news/65654-aerline-holdings-confirms-talks-to-sell-xtra-airways
Then the $50M lawsuit was announced shortly after and things got quiet.
And never has there been any hint or representations to indicate that BLTA was any part of this transaction.
Baltia Bull Thursday, 05/03/18 12:51:42 PM
Re: None 0
Post # of 99322
Xtra airways, what happened to the April award ceremony? Does this speak to a potential money bag co like World not being in? Is the lawsuit the obstacle? Or is BLTA in and trying to get it done needing more time? Imo if there were multiple bids one would have been selected in April.
That may be your problem, Monroe...we do NOT know the company is actively seeking a deal or if something is in the works.
November 30, 2017 shareholder letter from Tony:
We are keen on moving in a direction which will expedite the generation of revenue and profitability for this company, and continue to explore the existing opportunities which will allow us to do so. Our Board of Directors met yesterday and unanimously decided to move forward with our revised approach. Due to the confidentiality of the relevant parties, we cannot go into more detail at this time.
Nothing in that statement says anything is "in the works", nor they are "actively seeking a deal". It says they continue to explore. The board unanimously decided to move forward with them to explore the existing opportunities to move in a different direction.
Let's be clear...they've been exploring opportunities since 1989. After each failure, they explore new failures and mislead and lie to the shareholders.
And, frankly, that whole letter is suspect because he also said the 2015 and 2016 audits were done as of November 30, 2017:
For the past year, we have aggressively tackled several issues that the company inherited from the previous management teams, including but not limited to, the unexpected liabilities that we have previously reported. Keeping this in mind, the company has nonetheless been able to complete the 2015 and 2016 audits which we are striving to release soon...
Keep up the spin, though.
Monroe1 Member Level Wednesday, 05/02/18 11:22:32 AM
Re: rolphtonair post# 99275 0
Post # of 99295
Is it not a possibility? Not the same as a hint. The likelihood is anyone's opinion. We do know the company is actively seeking a deal. Whether Xtra or some other... something is in the works.
The law suit was announced a few weeks after AerSale said they were "in negotiations" to sell XTRA, and that they would select a bidder that they felt was a right fit for XTRA.
It's entirely possible any potential suitors withdrew from any discussions upon announcement of that lawsuit. It alleges some pretty shady practices on the part of XTRA management.
https://www.businesswire.com/news/home/20180326005841/en/AerLine-Holdings-Sell-XTRA-Airways
They may be out. But if they can't pay rent, how are they still paying salaries? We don't know the answer to any of those questions with 2+ years of delinquent filings.
well, then Baltia might be out alraedy?
Again, I don't think Tony is paying any rent to Stewart month per month.....over one year without any progress hence no money coming in....not even from selling shares (volume was and is too low to make this a lucrative business for Baltia)
Very slim chance that they got the space for free. There are lots of businesses leasing space, for real money, at Stewart and they are actually generating revenue that generates local tax income. BLTA hasn't done that, ever. A slick haircut, smile and dog and pony show won't get you free office space, let alone a janitor's closet.
Mithrandir67 Friday, 04/27/18 01:01:35 PM
Re: mysterymeat post# 99207 0
Post # of 99209
well, as long as Tony is paying the monthly rent Stewart wouldn't care I suppose.
I could also imagine that they closed a deal last year for Baltia to get office space for free for a certain period of time...maybe for the first year or so? Because somehow I don't think Tony would be willing to pay anything for doing just nothing there.
Give it a rest, Monroe. Nobody is going to make a deal with BLTA dba USGL without a clear picture of the financial situation. And they cannot legally share the financials with another company if they haven't filed them with the SEC.
So, unless they have a new deal that involves no outside investment or partnership, they are on their own with whatever cash they mysteriously have on hand. Of course, we don't know what that amount is since we haven't seen SEC legally mandated financials that were promised "within a few weeks" in November, 2017.
Monroe1 Member Level Friday, 04/27/18 01:47:50 AM
Re: mysterymeat post# 99187 0
Post # of 99196
At what point did he withdraw?
You are supposing too many things. Which is the only reason this is highlighted in red.
So I suppose they are delaying the release of financials to coincide with the new deal. Makes good sense, very logical under the circumstances.
If it's still an asset, then these guys couldn't even renew a $5 aircraft registration, which is still a mandatory FAA regulation until said aircraft is transferred to another party or the airframe/serial number is officially scrapped.
Way to be on top of things! No wonder the SEC filings are all delinquent.
mysterymeat Wednesday, 04/25/18 09:00:44 AM
Re: phl08 post# 99129 0
Post # of 99132
I don't think N706BL has been scrapped yet. It has liens on it.
They were all N number registrations, which cost$5 each. They all expire on 4/28/18 since no aircraft have been assigned to them.
I thought they disposed of both 747's but one seemed to remain registered, though it shows having been canceled on 3/18/18 and retained as an unassigned N number good through 3/16/23. My guess is that the plane was scrapped, and now they hold the N number for 5 more years in case they want to re-use it.
mysterymeat Wednesday, 04/25/18 06:44:07 AM
Re: redsky7 post# 99125 0
Post # of 99128
You can see it here: http://registry.faa.gov/aircraftinquiry/Name_Results.aspx?Nametxt=BALTIA&sort_option=5&PageNo=1
On the contrary. There are so many ways that *NOTHING* positive is happening right now. It has been 5 months since Tony promised the severely delinquent, SEC legally mandated financials to be released "in a few weeks". If he can't deliver on that very clear, concise commitment, then what makes you think there is something positive brewing? It required very little effort because they absolutely know the numbers (and likely how bad they are), and he said the audits were complete. Clearly, they are hiding something. What reason would they have for promising them and then going silent. I know many have called and emailed about the SEC filings as well. The company is stonewalling. They are not legally compliant. They are not doing ANYTHING.
But if you feel something *POSITIVE* is happening now simply due to ongoing silence, can you point to any company official information that is driving your belief?
AKthisistheone Tuesday, 04/24/18 08:14:41 AM
Re: None 0
Post # of 99110
It has been six months since songbird there is no way something positive isn't happening right now.
It's in his best interest to release the severely delinquent, SEC mandated annual and quarterly filings that he promised nearly 5 months ago. "within a few weeks"....
AKthisistheone Monday, 04/23/18 08:22:02 AM
Re: Monroe1 post# 99084 0
Post # of 99098
It's not good if Tony stays quiet for much longer. The more he stays quiet the more likely the pps will not hold.
It's in his best interest to release something soon.
I stopped with Alex Jones' link.
It wasn't a corrupt federal agency that thwarted Baltia's progress. It was Baltia and their bad management decisions.
Monroe1 Member Level Friday, 04/20/18 12:27:03 PM
Re: phl08 post# 99041 0
Post # of 99049
oh really? Pehaps you have not encountered it. Lucky you then.
That would be highly illegal, of course. And if ever proven, lots of people would be bullseyes in the SEC cross hairs.
USGlobal4Life Friday, 04/20/18 10:53:28 AM
Re: phl08 post# 99037 0
Post # of 99042
Doesn’t Tony just tell a few key shareholders what is happening and let them post the info online for everyone else?
The FAA is a lot of things - inefficient and bloated, to name a few. But corrupt is not one of those items. I've dealt with the local FSDO office for 25 years for a variety of issues. My dealings have all been on the up and up and had no specter of impropriety. Have I been frustrated at the pace and red tape for some of my encounters? Sure. But never did I feel they were somehow acting in any interests other than to uphold their reputation as overseeing the safest aviation system in the world.
Monroe1 Member Level Friday, 04/20/18 08:42:29 AM
Re: flaflyersfan post# 99024 0
Post # of 99040
Quote:Good management with lots of experience. How is it not but super good to have learned from ground zero over many years of battling the corrupt FAA. USGA is putting these lessons to good use and on target to getting airborne.
This is how. Right here. It is how most companies make it.
The company has not made any public statement about that plane, it's condition, or any inspections that may or may not have happened leading up to the termination of the Songbird deal by Aersale in November, 2017.
Lampl was paraphrased (not quoted) in an newspaper article earlier this year that the company could not get financing to complete the deal. That's the extent of any public comment from a member of management since the Songbird deal termination.
The plane flying this week - in all likelihood - has absolutely nothing to do with BLTA dba USGL.
We've heard no company updates of any kind since Tony's nice end of 2017 Happy Holidays message. There have only been 2 8K's filed this year, both related to personnel changes.
mysterymeat Friday, 04/20/18 10:24:10 AM
Re: Baltia Bull post# 99013 0
Post # of 99036
Why would you think a plane that was destined for Tucson international and diverted back to Goodyear be for Baltia? This being the same plane people told us Baltia had inspected and rejected.
I've made money already and keep making money with these dips and spikes. It's almost predictable any more. Not hard to make 15-20% profit each week for several months now. It adds up.
Small Time Joe Thursday, 04/19/18 11:03:24 AM
Re: None 0
Post # of 99002
Except for BB, Monroe and myself anyone else here going to make money on this stock.
It is fair to say that BLTA has a very VERY LOW chance of succeeding based on their history. No revenue. No compliance with SEC. No transparency to shareholders. No success at any plan. As they say..show me the money (revenue). Then I'll know there's something to consider here.
All the anecdotes about other people being chided and dismissed who later went onto to big big things are completely irrelevant to this attempt at creating a fairy tale. Walt Disney was already very successful when he wanted to build a theme park based on his very profitable company, which had been producing revenue for many years. That he had to go through lots of hoops to get approved just shows his tenacity. But at least his company was earning money and transparent with the SEC.
George Lucas couldn't find ONE studio to back Star Wars, so he made it himself with money he raised and then got 20th Century Fox to agree to simply distribute it and take a cut of exhibition proceeds. To this day, Lucasfilm (now Disney) has retained all other rights including the very lucrative merchandising. George was a visionary, and he had a history to build upon.
These guys after 18 months with the new CEO/former CFO haven't finagled a way to make one red cent after several failed plans and - no SEC compliance.
So, yes, it is very fair to say that this is likely to fail.
Baltia Bull Thursday, 04/19/18 08:00:36 AM
Re: None 0
Post # of 99000
Guys, its up to you, but to say BLTA does not have a possibility to succeed is unfair, its a thought that is not for those who want to succeed in life, in fact its planning to fail at the beginning of obtaining a goal process.
No, it never flew because they never even got the financing lined up to finish the deal.
There would not be a public flight tracker record if it flies below 18,000 feet on a VFR flight plan, btw.
These flights you see are nothing to do with Baltia. Tony’s email long ago said they are pursuing what’s best for the company. If the songbird Jet was good, they would have completed that deal 6 months ago.
Keep dreaming though. I can’t wait for this great news some of you are so certain will come this week. I’ll be more in the black and cash out before the next drop.
Re: Baltia Bull
Can anyone recall during the Songbird deal from Sept 1 to Oct 30, was the plane tested in the air?
"those in the know" is a debatable term. Simply saying "I've heard" and "good things are coming" and "bet on it" etc etc doesn't do anything for any of us.
And if the plane was in really had shape, then BLTA could have been the terminator of the deal. That wasn't the case, according to OFFICIAL COMPANY information. The deal was terminated by the selling party, and Lampl was paraphrased saying it was because they couldn't line up the financing. Okam's Razor..the simplest explanation is often the correct one.
mysterymeat Wednesday, 04/18/18 09:55:41 AM
Re: phl08 post# 98918 0
Post # of 98921
Weren't we told by those in the know, the Songbird deal was terminated because N417XA is in really bad shape and failed Baltia's inspection?
The plane would only need to be on a valid operator certificate(like Songbird's) if it is flying Part 121/passenger revenue operations. If it is being flown purely for testing or ferrying to another airport for maintenance, scrap, or any number of reasons it can be flown under Part 91 rules which is no different than someone flying a single engine Cessna on a $100 hamburger run.
I find it comical that people are still fixated on a 30 year old air frame. As far as the company official line goes, that deal was terminated. Period.
This speculation about XTRA and BLTA somehow being a new deal for us is just silly. Luckily that wait will be over soon when the details of the XTRA deal are public, revealing that BLTA dba USGL has NO skin that game.
Baltia Bull Tuesday, 04/17/18 07:56:22 PM
Re: None 0
Post # of 98916
The plane that I asked about here a few weeks or so ago has finally showed up on Flightaware today thanks to a poster on the other board. The plane was listed in the posted for sale planes in November then removed in mid March on the company website. Other details emerged that I was not aware of and kinda get me excited. Also, how can this plane fly when the Songbird certificate was dead as many here posted?
That doesn't really answer the question asked of you. What do you see that really makes you think there's a "very good likelihood" this bird will fly? All the DD points to one failed plan after another. No assets. No planes. No way to raise enough capital (according to Lampl). No SEC mandated annual or quarterly filings for 2 years. Not even a registration with the NY SOS, where they held a press conference last year to promote the new brand name.
Monroe1 Member Level Friday, 04/13/18 02:02:18 PM
Re: rolphtonair post# 98795 0
Post # of 98796
So with eyes wide open, I assess the past and the present. IMO the company has a very good likelihood to finally get airborne.
Really? So BLTA dba USGL *NEVER ONCE* registered the name of the company with the NY SOS..the state where they took up offices to start globally recognized, top notch, widebody service to Europe just a few months after their May 12, 2017 dog and pony show? Gee whiz - what a simple mistake. Surely that genius didn't miss that small formality of registering your company name with the state in which the business is operating. Say it ain't so!? I'm shocked..SHOCKED I tell ya.
All we really have is a web site with branding that a 5th grader could have made. Heck, maybe someone's kid did make it for them.
USGlobal4Life Tuesday, 04/10/18 10:19:44 PM
Re: rab74 post# 98720 0
Post # of 98731
The name USGlobal Airways will again be available at the NYSOS on 4/16. The speculator that currently owns the rights has decided that the rights are worthless. Tony can own them by paying the NYSOS $20.
Sorry - I clicked reply to your post, but that was really following up on Monroe's earlier post about "sources" telling him the plan is to go transatlantic.
At anytime I have not made reference about " a source told me
Monroe - Those good sources you have are violating SEC rules if they are sharing company "plans" with you. And you know the 737-800 is not, out of the factory, ETOPS certified, right?
I'm sure lots of passengers will be flocking out to Stewart on this newly formed airline with old planes that have to stop 3 times enroute to mainland Europe.
Can you name any current major airlines that fly to Europe with a 15-20 year old 737-800??
Monroe1 Member Level Tuesday, 04/03/18 09:54:19 PM
Re: rab74 post# 98469 0
Post # of 98505
Still though from some sources here and beyond, they still plan to go transatlantic so who knows. The 738 can go to Iceland, then on to European destinations. Or perhaps by way of Greenland and across.
Monroe, can you point to company published info (and not your opinion or conjecture) that backs up your statement that Tony is making more inroads? Aside from hiring and seeing some resignations, please tell us what inroads you speak of? What has he done that indicates some measurable achievements?
“Tony is but a year and half at the helm and is making more inroads than before with old Baltia. This is a different company now. “
Welcome Richard. If you dig long enough you’ll see one broken promise after another.
As of now, officially Baltia isn’t doing anything other than pursuing a new deal but they won’t go into any more detail due to confidentiality and all that nonsense. But that’s only based on a shareholder letter dated 11/30/17. Not an 8k or even formal press release. This was the last update and the company has been silent ever since.
Since flying schedule air service with revenue passengers requires an FAA part 121 operating certificate AND a certified plane, they tried to purchase a part 121 carrier (Songbird) with a single, 30 year old 737-400 aircraft in dessert storage. That “plan” was intended to get them flying with revenue passengers for the first time in 29 years. Actually, for the first time EVER. That deal failed so we’re just watching the stock slowly plunge.
And before that earlier last year they were all set to lease a 767-300. That deal failed. And before that they owned a 747-200 that failed slide evacuation tests so...that bird never flew any passengers.
Enjoy the ride!
Lampl (or an admin who monitors his account for him) has been giving that reply for months now. When, exactly, did you get that response?
redsky7 Monday, 03/19/18 02:08:41 PM
Re: None 0
Post # of 97997
Got a reply from John Lampl-
"we shall make an announcement only when there
is news to announce. the company is working
diligently towards its stated goals as described
on the usglobal.com website."
Kind of..World Airways has a long history, they operated a small fleet of wide bodies (DC10 and 747) for mostly cargo ops, but some passenger service. They shut down a few years ago but a group of investors feels they can bring it back from the dead and operate a new fleet of 787's from MIA and LAX to these so called "secondary" markets. The thing is...the major airlines are already well aware of and flying, where able, to those secondary markets. Look at the AA route map from PHL to Europe. Lots of mid size cities like Prague, Lisbon, Edinburgh, etc.
I welcome anyone who wants to try to make a go of it in the airline business though. But if they've been trying for 30 years, maybe it's time to hang it up and turn the lights off.
certdog Member Level Tuesday, 03/13/18 04:47:35 PM
Re: None 0
Post # of 97848
Another start-up news story: Sound familiar?
World Airways considering secondary to primary markets but sees opportunity 'everywhere'
The producer who messaged us here on IHUB, Erica Jorgensen, is the one who's name is on the FOI request.
USGlobal4Life Tuesday, 03/13/18 12:43:54 PM
Re: phl08 post# 97832 0
Post # of 97835
Phl:
I have information concerning the NBC reporter. I don’t know who did the FOI request but the lead reporter is moderately famous. I will send you a PM on Friday. However, suffice to say that I doubt a story will ever happen.