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Several months back a producer for NBC was researching Baltia for a possible story. Then on this FOI site, it shows she requested (and the request was completed) information regarding all communications between the FTC and Baltia. But haven't seen or heard anything since. Did anyone here communicate with her? I know she messaged a few of us.
Monroe - Tony is the CEO for 14 months now, so yes - he is to blame for the current situation. The buck stops with the CEO. He didn't step into that role unaware of the history, and what he knew as CFO. He had a front row seat to all the shenanigans, and he's had ample time to address them and move the company forward but he has not.
When the financials come out (well, IF they ever come out), he will not be a hero at all.
Monroe1 Member Level Friday, 03/09/18 09:54:09 AM
Re: phl08 post# 97753 0
Post # of 97811
Funny, Tony is to blame. Yet, when the financials do come out he will be a hero...of course he will be blamed for the past mistakes he did not make.
It is an easy decision, if one cannot wait then head home. If you miss the bus you may end up lucky you stayed. If so and until then, no crying.
You can wait, that's great. Doesn't really address how you can give him an A+ at this point in time.
But how long can you wait? The financials are seriously delinquent. Let's just start there.
$UPERMAN Member Level Thursday, 03/08/18 11:00:06 AM
Re: phl08 post# 97751 0
Post # of 97752
In a hurry? Im not. I can wait.
Man I'd have loved to have you as my professor in college. I could have shown up and slept every class and you'd still give me an A+.
Tony has achieved *NOTHING* more than hiring a team of people and creating a brand and "DBA" extension of BLTA. Oh - and publishing a web site that, frankly, any of us could do with a cheap godaddy account.
He has not released the delinquent financials as promised "in a few weeks" 3 1/2 months ago.
He did not execute on the Stewart plan with the "letter of intent" lease of a Kallita 767, as announced with great public fanfare at the SHM last May
He did not complete the Songbird deal, as hyped and promised right up to the week before the seller terminated the deal
He did not reverse split, as discussed at the SHM
He did not change the ticker, as discussed at the SHM
He has not further elaborated on this super secret NDA deal the company is supposedly working on. The beauty of that kind of deal is that even if they aren't working on it, they can later say "it fell through" without revealing any more info.
Getting a good grade means successfully completing assigned tasks. There is zero evidence he has completed anything he, as CEO, was supposed do for the past 14 months.
$UPERMAN Member Level Wednesday, 03/07/18 08:30:26 PM
Re: USGlobal4Life post# 97736 0
Post # of 97750
Ok, ill play. I give Tony an "A+".
Tony managed to do Everything in One Year
what took Igor +25, sans the losses.
Tony managed to assemble the Team that will finish 1st.
Go USGlobal Airways
I'd like to see some empirical evidence of your claims that:
"he has picked up quite a lot of knowledge"
"he has learned a lot personally"
"He and the board are determined"
I've seen nothing in print or action to back up those statements.
Instead, in the past 15 months since Tony took over as CEO, I've seen only words and no measurable action to signify progress.
1.) Announcement of new branding to launch new service with a lease 767 from Stewart
2.) Announcement of a reverse split
3.) Announcement of a ticket change
4.) Announcement that audit is complete and updated financials will be released "in a few weeks"
5.) Announcement that they are committed to the Songbird deal a week before the seller terminated the deal
6.) Announcement of a new plan, but due to NDA and all that mumbo jumbo, can't elaborate further.
7.) Announcements of various "key" staff departures and additions, but no actionable measurements of their contributions
8.) Not one press release since the announcement of the START of the Songbird deal. Only vague shareholder letters posted on the company web site.
Monroe1 Member Level Wednesday, 03/07/18 12:03:12 PM
Re: rolphtonair post# 97702 0
Post # of 97713
You do not need to be a pilot to run an airline. You hire pilots and all the other specialties needed. Warren Buffet would have to be a Jack of All Trades were that the case. I dare say though from all the efforts and work within the airline trade over the past few years, he has learned a lot personally. OJT is a better teacher than any degree program so he has picked up quite a bit of knowledge in this regard.
And what he does know can be directly applied to running a company in whatever field. The most important feature is the desire to see it get done. He and the board are determined. Thanks
Eager sellers dumping at .0020 already.
There is no assumption.
Here is what we KNOW:
1.) BLTA is going on 2 years delinquency on SEC filings. The last 10K (annual report) was filed on 4/29/16 for the year 2015. Where is 2016 annual report? The last 10Q(quarterly report) was filed on 5/20/16. Where are the 6 missing quarterly reports for 2016Q2/Q3/Q4 and 2017Q1/Q2/Q3?
2.) The SEC has the power to suspend trading and revoke the registration for delinquent filings.
https://www.sec.gov/investor/alerts/ib_delinquent_filers.htm
Robodog Thursday, 03/01/18 11:26:49 AM
Re: Anvil post# 97503 0
Post # of 97520
Yeah, whatever. Share something that you know...not assume.
They are legally mandated filings. A publicly traded company cannot choose to withhold disclosures to avoid negative PR. It is what it is so they really need to just publish them and become compliant with SEC regulations.
Small Time Joe Wednesday, 02/28/18 04:27:09 PM
Re: phl08 post# 97500 0
Post # of 97501
I would not release baltia's 10k+Qs until we hear who USGlobal Airways is going to purchase. This way no one will care about past financials when they can look forward to the future. Good Luck to All Shareholders.
Nothing else to report? Ha. That's funny. There are a few 10K's and 10Q's to report. Still waiting a "few weeks", Tony....
Small Time Joe Wednesday, 02/28/18 03:26:28 PM
Re: None 0
Post # of 97499
8K on Feb 23rd and another before that Feb 14th. Nothing else to report for now unless people just need a comfort call.
Or where the flippin financials are that he promised "in a few weeks" back on November 30.
AKthisistheone Wednesday, 02/28/18 01:19:42 PM
Re: The Lieutenant post# 97494 0
Post # of 97495
We are good LT hope you are well. I think a lot of us are very frustrated least I am. Tony doesn't care to update us or explain things in detail like what happened to the $1M deposit from the songbird deal.
It's been some months since I called him. When I left him a message he called me back relatively quickly. You can find his number at the bottom of last year's Q1 press release. I'll never directly publish it in a public forum like this, but it is out there to be easily found in company publications.
https://www.businesswire.com/news/home/20170413006127/en/Baltia-Air-Lines-Quarter-2017-Update-Letter
USGlobal4Life Tuesday, 02/27/18 05:58:08 PM
Re: Robodog post# 97474 0
Post # of 97481
When is the last time anyone on this MB had contact with Lampl? He was pretty good about communicating with shareholders.
Monroe- .222 is good wishful thinking. That would put the company valuation at about $200M, which won’t happen, of course, until there’s:
1.) updated current financials
2.) revenue flights
3.) profitability
4.) investor confidence
5.) brand recognition
Monroe wrote:
Re: AKthisistheone Post# 97386
Could be, most likely not, if so we load more. Who is going to sell except for a flipper? Just a transfer to solid hands has been taking place. Eventually the see saw will stop. I would rather buy and hold since the pps is already way down. The company is heading in the right direction at the right pace. We will get there despite whatever negative views are expressed. What will the pps be when the right deal is made? .222 are the trips I see.
Report TOS
Did I miss something in an 8K or other official company statement that the airplane did not pass inspection?
I only see that the seller terminated the deal because BLTA ("company") did not proceed with closing as scheduled. I also see John Lampl being reported to say they did not close the deal because they couldn't get financing lined up.
You are making assumptions that have no supporting facts. I am making observations based on supporting facts.
rab74 Friday, 02/23/18 12:52:59 PM
Re: phl08 post# 97351 0
Post # of 97375
Exactly as stated “ The Company received a letter, dated November 22, 2017, from AerLine terminating the Agreement as a result of the Company’s failure to proceed with the closing as scheduled.”
*** Because the airplane did not pass the inspection*** for that reason the company didn’t proceed with the closing as scheduled.***
It is so clear..., and I’m happy with that decision :)
If Lampl did *NOT* say that the deal failed because they couldn't raise capital (as printed by the journalist), then BLTA would have good reason to sue that news outlet for libel.
Of course, any good journalist records their interviews (with permission from the source) to make sure they get the statements correctly reported and/or quoted and have something to fall back on if the subject claims there were false statements.
So far BLTA has been quiet on this one, which likely means Lampl's statements were accurately reported.
redsky7 Friday, 02/23/18 11:01:18 AM
Re: rolphtonair post# 97347 0
Post # of 97353
You have to remember that what we
think Lampl said is all "second hand
information" coming and spoken by the
press. It just doesn't make sense
that Lampl would make a statement
as said, since that for sure is
insider information
Rab, The 8K, published by Baltia, said the seller terminated the deal because of Baltia's failure. It said nothing about the failure being a non airworthy airplane, or the seller failing to meet their obligation.
https://www.sec.gov/Archives/edgar/data/869187/000161577417007036/s108303_8k.htm
"The Company received a letter, dated November 22, 2017, from AerLine terminating the Agreement as a result of the Company’s failure to proceed with the closing as scheduled."
rab74 Friday, 02/23/18 10:23:47 AM
Re: rolphtonair post# 97347 0
Post # of 97350
You cannot rely on a reporter statements of what “ Lampl said”. The real fact is the 8K, and what the company already reported. A Doe Joe reporter from a coffee shop corner newspaper is not a legitimate source. They have the money, and decided to walk away. You will be surprised soon with the new acquisition, that’s all I have to say.
Rab, can you point out where it has been stated that the unsatisfactory airplane was the reason for the deal to fail? Because as of now, we have a direct response from the VP of Corporate Communication stating a very different reason for the termination of the deal.
rab74 Friday, 02/23/18 09:17:03 AM
Re: rolphtonair post# 97345 0
Post # of 97348
That’s not true. They walked away because the airplane was not worth it. Get the facts straight!!!
I don't recall reading anywhere that an inspection of the 25+ year old 737-400 was conducted. I may have missed that, but the primary goal to the Songbird deal was obtaining the part 121 cert. The plane, if it was even going to be part of the deal (it was not specified anywhere in the agreement), was the lowest priority.
Had they completed the deal, I don't think the 737 was of much use. But having a business and operating certificate, it would have put BLTA in a better position to obtain some more capital for investment in newer aircraft (lease or purchase).
Baltia Bull Thursday, 02/22/18 08:06:58 PM
Re: phl08 post# 97317 0
Post # of 97325
....I dont know if this was even the case but I do know blta performed a check of the plane I read in October. Then Tony said he would not proceed with something that is not in the best long term interest of shareholders and let me add to that... the guys that were giving the balance of funds might have stopped it based on that check.
If something came up as a surprise on the deal that wasn't in the interest of BLTA after several months of negotiations, then BLTA would have been the one to back out and get the $1M deposit back, per the agreement. Instead, 3 weeks lapsed since the agreed upon deadline and Aerline terminated the deal because BLTA couldn't raise capital. The deal called for $6.5M. It didn't call for BLTA to have additional capital reserve. That's not the seller's problem.
Baltia Bull Thursday, 02/22/18 05:38:43 PM
Re: mysterymeat post# 97309 0
Post # of 97316
We dont have all the facts and specifics on that MM
Tony said in a pr that they wont proceed with anything that is not in the best interest of shareholders long term. That to me speaks to some surprise happened on the Somgbird side of the deal. We need specifics
Don't be fooled into thinking that just simply buying a company with a 121 certificate that these guys will just be able to turn a key and start generating revenue. The Feds will go through this with a fine toothed comb, given their sorted history.
What am I even thinking... don't be fooled into thinking they are buying a 121 certified operator at all. Lampl made it plenty clear - they couldn't raise capital to close the Songbird deal. It wasn't because they decided in the last hour it wasn't the right deal. It was because they didn't have the money and, 3 weeks past the 10/31 deadline stated in the agreement, the seller pulled it. They put up $1M and only needed $5.5M more, which - according to Lampl - they couldn't raise.
Nothing has changed to give any investor confidence that this is a good buy. It's a broken shell of a company. If I were an investor with $30M to invest into starting an airline, why would I even look at this company that, literally, has nothing to offer. ZERO. I would just as soon invest it into a fresh company without any baggage.
Monroe1 Member Level Thursday, 02/22/18 09:38:18 AM
Re: Monroe1 post# 97282 0
Post # of 97286
" he said, still intends to acquire another airline that already has operating authority and thus fast-track the DOT and FAA processes.
“There are possibilities, options, out there, and they are being pursued, Lampl said.
It can only benefit one to share solid, positive DD with the investor community. That encourages buying, which increases PPS. Instead, these guys just dismiss such requests as "do it yourself". It's not helping them, unless of course there is no publicly verifiable positive news to which they are eluding.
rab74 Friday, 02/16/18 01:24:17 PM
Re: Cgvett post# 97127 0
Post # of 97129
Call UsGlobal investor relations John Lampl or Michael Jordan. No straight insider info will be provided but, good sense of optimism . Also call Steward Airport, the airport management office, plenty info there too.,In regards to the engines that were leased a long time ago, call the leasing company. Things are looking good...and still a good time to continue adding. I have been on board since 2014... averaging down all the way. I’m seated on over $10 Million, I’m confident and relax
Impressive. "Seated on over $10M"? That would put you at over 50% ownership, in which case you would be ill advised to be contributing to any public forums about the state of BLTA.
By the way, I have called investor relations. They only tell me "we are working hard to get the financials released" and "We are moving forward and will have news in the near future".
I have called Stewart (*NOT Steward) airport management. They said the USGL office has been mostly dormant and they don't know any more than we do about startup of any operations. Need I go on?
rab74 Friday, 02/16/18 01:24:17 PM
Re: Cgvett post# 97127 0
Post # of 97129
Call UsGlobal investor relations John Lampl or Michael Jordan. No straight insider info will be provided but, good sense of optimism . Also call Steward Airport, the airport management office, plenty info there too.,In regards to the engines that were leased a long time ago, call the leasing company. Things are looking good...and still a good time to continue adding. I have been on board since 2014... averaging down all the way. I’m seated on over $10 Million, I’m confident and relax
Investors don't make money on miracles. You can do that putting money into the slot machines at your favorite casino.
Action in the past days/month is insignficant. We're still below the PPS before the Songbird deal failed and, if Tony continues to be silent, it will fall again. ~3M volume per day means nothing.
rab74 Friday, 02/16/18 11:44:24 AM
Re: phl08 post# 97122 0
Post # of 97125
Also price action during the recent days....tell you a lot... over 100%..., just a miracle???,
We do? Please direct me to FAA registration records, tail numbers, an 8K that details any lease agreements or purchases, etc.
I know USGL grabbed a bunch of registration numbers a while back because they only cost $5 per registration. $50 for 10 registrations is not a material event that warrants an 8K. There aren't any planes associated with them, though.
The engine lease lawsuit is not settled, at least in any public record. If you have something to share otherwise, please do.
The employment law suit was VOLUNTARILY dismissed yesterday. That means the parties likely came to an agreement or the plaintiff's lawyer advised his client to not pursue it any further, status quo. Unlikely.
BLTA is able to afford to barely keep the lights on (in an office at Steward that nobody occupies) and pay a CFO the same way they've been able to somehow manage to stay afloat for 29 years without generating a penny of revenue. Do the math.
Tog4wrd Member Level Thursday, 02/15/18 05:38:29 PM
Re: phl08 post# 97068 0
Post # of 97120
Yes we do have a plane. Just cant fly it yet. But leasing a fly ready plane is whats going to happen.
What kind of scent is giving you the hint of a merger? BLTA dba USGL has no planes, no operating certificate, no routes, no revenue.
Tog4wrd Member Level Thursday, 02/15/18 02:38:34 PM
Re: lagunaseca1 post# 97059 0
Post # of 97067
Do u all think i would be here if this was shit. Lol. I never lose money. I have a 99 percent pick rating from trip to copper. Watch and regret when blta flys to mid 4s and consolidates for next leg to copper. I smell a merger. A damn good one.
Wouldn't that be nice. But, BLTA doesn't own a plane. And their address at Stewart Airport is just an address. You won't likely see any actual BLTA dba USGL people there doing any kind of work.
Tog4wrd Member Level Thursday, 02/15/18 01:00:04 PM
Re: None 0
Post # of 97065
Im currently in Rochester ny. Im driving to the hanger tomorrow. I will post pick of our plane parked right next to Norwegians. Hope all are ready.
Well now it's a little over 3m volume and BLTA moved 0%.
I would caution against euphoria over small blips on low trading volume. In the course of a few hours it ticked up and settled back down to the opening price. This is simply short termers getting in at the opening and cashing out with a small profit.
I know I spout a lot of cynasism, but for the record I bought a year ago at .0019 and added little by little during the ensuing down cycles. As a shareholder, whether it's 1 share or 10 million, have a right to be cynical and call out what I see are things that shake this investor's confidence.
I've one as much DD as the next astute investor. I'm not reading between any lines. I'm seeing a CEO who is lacking transparency lately, starting with a promise to release the financials "in a few weeks" back on November 30. There hasn't been a formal press release of any kind in well over 3 months (note: the numerous shareholder letters are not press releases).
Holding pattern as usual.
$UPERMAN Member Level Thursday, 02/15/18 11:14:53 AM
Re: FlyBaltia747 post# 97042 0
Post # of 97044
2.5m volume moves $BLTA +20%
LMFAO!
Go USGlobal Airways
Robo - could you please provide a link that shows us that BLTA got $1M back? There is no company information posted with such info.
Robodog Tuesday, 02/13/18 06:33:45 PM
Re: mysterymeat post# 96924 0
Post # of 96943
And yet...so little you know. If you have done your DD like every other person here, you will find that $1 million has been returned.
Stop spreading misinformation and stick with the facts.
Fact #1: the $1M was deposited from BLTA to Aersale for the Songbird deal. Hence, Aersale "GAINED" $1M.
Fact #2: the sale agreement stipulated that it was refundable if BLTA canceled
Fact #3: Aersale terminated the deal
So we know the money went to Aersale and they were under no obligation to return the money, per the agreement. There was also no SEC 8K filing of such a material event.
Robodog Tuesday, 02/13/18 03:46:09 PM
Re: phl08 post# 96906 0
Post # of 96917
They did not gain $1 million. Stop spreading misinformation.
I'm fairly certain the SEC is well aware of BLTA's delinquent filings.
Robodog Tuesday, 02/13/18 03:44:07 PM
Re: phl08 post# 96905 0
Post # of 96912
Not my problem. Call the SEC if you don't like it.
What makes you think so? Seems that Aerline gained $1M because BLTA failed to meet their end of the agreement. The deal wasn't closed on time. 3 weeks after the "in no event, no later than 10/31/17" deadline had passed, the 8K was published that the deal was dead.
If BLTA had the money, Aerline would have done the sale and BLTA would have an operating certificate. Aerline only stood to gain more if the buyer actually had the funds. I don't believe for a second that BLTA decided at the last minute that it wasn't the right deal after months of negotiating and hoopla in their public statements, and just a week after Tony telling Shareholders that the company was committed to the deal.
Aerline was contractually within its rights to cancel it. "Plane" and simple. They got $1M for basically nothing.
Robodog Tuesday, 02/13/18 02:27:48 PM
Re: Small Time Joe post# 96891 0
Post # of 96905
Nope...Songbird is pretty much worthless. Aerline lost a lot more when they killed the deal.
Imagine if every publicly traded company decided not to release legally mandated SEC financial filings. Your opinion, in this case, has little basis in the reality of running a listed company. It's only a maatter of time before they are forcibly de-listed.
Baltia is non-compliant. Period. This should be their highest priority right now. Tony said "in a few weeks" on November 14th, 2017. Here we are 13 weeks later...crickets.
There's no way that any potential investor is going to sink a penny into this company without up to date financials. So unless they have their own cash stash, I really can't wrap my head around what their end game is.
lagunaseca1 Tuesday, 02/13/18 01:07:12 PM
Re: certdog post# 96895 0
Post # of 96904
Tony is waiting to release the financials with positive news. The financials are horrible and releasing them alone would absolutely put the PPS in the trips. Tony is waiting for a glimpse of positive news in hopes that it will balance out the negative numbers. It’s his only play.
It serves no purpose to compare BLTA to any currently operating airline. The current iteration of Frontier has been in business since 1994 and had $1.7B in revenues in 2016 (not $100M). They reported ~$320M operating income as well.
They started small with a handful of old 737's flying short-mid range trips from their DEN hub. They were also able to capitalize on the DEN hub when Continental abandoned it, filling an important void. Completely different era and operating environment in 1994 than today, too.
rab74 Thursday, 02/08/18 08:04:14 PM
Re: None
Post # of 96770
Frontier Airlines to go public soon. Revenues 2017= $200 Million VS $100 Million in 2016. I can wait USGlobal to reveal his plan... we are going to make some real $$$$
The legacy Eastern Airlines went chapter 7 in 1991. It was reincarnated in 2011 as a charter op out of Miami. The "new" EAL had a few 737-700 and -800 models. In 2017 Swift acquired the assets, name and trademarks. Not sure if they acquired the operating cert or if they already had their own. You probably saw one of those former EAL 737's.
https://en.wikipedia.org/wiki/Eastern_Air_Lines_(2015)
http://www.airfleets.net/flottecie/Eastern%20Air%20Lines.htm
pfgolf Thursday, 02/08/18 09:42:48 AM
Re: None
Post # of 96707
Ending my vacation to Punta Cana, DR and taxing out for take-off we passed a parked 737 Eastern Airline marked plane out away from the terminal and blocked with cones. I thought they went under again? If so, this plane looked like in A-1 condition exterior, re-engine, paint, etc. Available?
Sounds like a year ago...everyone was crowing that once May SHM happened, it would be up up and away. It barely reached .01 and then has been on a steady decline since. I like your optimism..2 cents before May 11, with absolutely no publicly available information telling shareholders the direction of the company and...once again...the current financials!
Asterixus Monday, 02/05/18 02:13:51 PM
Re: None
Post # of 96644
As it is written: 2 cents before May 11 and 5 cents after. Bet on it
He also used the words We WILL release the financials in 3 weeks. Not hope..an actual promise that has not been delivered on.
Monroe1 Member Level Tuesday, 01/30/18 11:15:02 PM
Re: lagunaseca1 post# 96481
Post # of 96506
"We hope to formally change ....
"which we hope will occur....
Hope definition, the feeling that what is wanted can be had or that events will turn out for the best: to give up hope.
to want something to happen or be true
There is no guarantee the event will occur. Probably or very likely to happen is not a definite yes it will happen. ... not carved in stone. Big difference. And if and when it will be done to open up and improve the status to attract more capital and get us into a higher OTC ranking with the aim for entry into the big board.
As of now there will be no BLTA 767 or even drone flights. They lost their DOT authority to fly to Russia. They withdrew their FAA application to be a certified air carrier.
If they want to fly there are only a few options:
1.) Buy a turn key airline with a Part 121 cert, staff, facilities, planes, etc. This would also mean keeping most of the key staff. The FAA would frown upon a whole new crew coming in and taking over a current cert. In fact, it may well suspend it until they can prove they are competent and safe.
2.) Start over with the cert process.
$UPERMAN Member Level Tuesday, 01/30/18 03:51:19 PM
Re: lagunaseca1 post# 96484
Post # of 96485
WEEEEEEEEEEEEEE!!! Flying Middle East 767 Flights. Yippy!
But didn't you prove BLTA lost its international consideration?
You're confusing two totally different issues...SEC filings and a failed acquisition.
The acquisition failed in Q4 2017. We're still waiting for annual and quarterly filings form 2 years ago. Those severely delinquent filings would have ZERO relation to the failed Songbird deal that happened years after the date on those financials that were complete and ready for release "in a few weeks" from Nov 14, 2017.
It would not "be better to release them when the timing would most benefit the PPS".
It would be better to release them when LEGALLY REQUIRED BY SEC REGULATIONS.
Monroe1 Member Level Monday, 01/29/18 11:49:09 AM
Re: A deleted message
Post # of 96474
Understood. So as the situation changed as to the acquisition so did the financial accounting which should be reflected when it is released and as I suggested might happen. Would it not be better to wait and release them when the timing would most benefit the pps...which would be when the upcoming deal or whatever is more finalized along the way. They do not want to jump the gun in my opinion. I would do the same. Per Songbird/The seller makes the offer. When the buyer says hey what is this or you (songbird) said this and this is not like this this. The buyer then says we need this, but seller says we can't. Then it is up to the seller to with draw the offer and/or replace it or not.
Agree totally it is wearing. Just think how wearing if you are on the inside! times 10.
It's a shame this isn't a 60 minutes or Dateline piece. That would garner the national attention and probably be of interest to people.
Instead it's WNBC, which is the local New York area NBC affiliate so the audience will be limited to just the NY Metro.
USGlobal4Life Wednesday, 01/24/18 07:09:19 PM
Re: certdog post# 96301
Post # of 96305
I would expect the WNBC interview to go into detail over what happened to the Songbird deal, as well as many other topics of interest to shareholders.
Is it "quite normal and standard practice for CEO's" to go negligent on SEC required filings?
Is it "quite normal and standard practice for CEO's" to claim severely overdue financial reports are complete and will be released in "a few weeks", but then let the time pass by 2 1/2 months (and counting) without doing so?
Monroe1 Member Level Monday, 01/22/18 12:21:15 PM
Re: Mithrandir67 post# 96253
Post # of 96271
...I also believe the financials will be released on or about the time of new updates regarding such efforts. IMO
Now just speculation.. i do think we could be hearing something blockbuster. Just pure speculation at this time.
It is quite normal and standard practice for CEO's to go silent before a big release of info.
Exactly the right questions that any real airline would ask.
"What do we have to gain from buying a shell company purporting to be an airline that has no money, no routes, no operating certificate and no planes?"
IpiIpi Thursday, 01/18/18 09:45:08 AM
Re: None
Post # of 96185
Why would Qatari invest in a company with such a bad track record? Especially since they have nothing to offer. No airplanes, no money, no management, no certificate, no assets whatsoever. I’m not trying to be a contrarian. Someone explain why Qatar would invest in BLTA?