ARTICLE: "Baltia Airlines' future in trouble as investors mull legal action"

SOURCE: http://www.ch-aviation.com/portal/news/28667-baltia-airlines-future-in-trouble-as-investors-mull-legal-action

MANY BALTIA INVESTORS ON HERE HAVE EXPRESSED CONCERNS OVER THE CASH SPENDING, LATE SEC FILINGS, MISSED DEADLINES AND INCREASED AUTHORIZED SHARES. SOME HAVE EVEN EXPRESSED CONCERNS OVER "TAPE PAINTING" RECENTLY. IF YOU FEEL THAT YOU HAVE BEEN MISLED BY THE COMPANY OR ANY OFFICERS OF THE COMPANY OR IF YOU FEEL THAT THERE ARE QUESTIONABLE TRADES, YOU CAN ALWAYS FILE A COMPLAINT WITH THE SEC AT THE LINK BELOW.
GOOD LUCK TO ALL!!
https://tts.sec.gov/oiea/Complaint.html

From the 10-K "vice president-finance, was paid additional compensation of $427,350 and $198,285 for the years ended December 31, 2013 and 2012, respectively, which represents amounts paid him for negotiating services in connection with the raise if new equity capital."

http://www.sec.gov/cgi-bin/viewer?action=view&cik=869187&accession_number=0001165195-14-000010&xbrl_type=v

MANY BALTIA INVESTORS ON HERE HAVE EXPRESSED CONCERNS OVER THE CASH SPENDING, LATE SEC FILINGS, MISSED DEADLINES AND INCREASED AUTHORIZED SHARES. SOME HAVE EVEN EXPRESSED CONCERNS OVER "TAPE PAINTING" RECENTLY. IF YOU FEEL THAT YOU HAVE BEEN MISLED BY THE COMPANY OR ANY OFFICERS OF THE COMPANY OR IF YOU FEEL THAT THERE ARE QUESTIONABLE TRADES, YOU CAN ALWAYS FILE A COMPLAINT WITH THE SEC AT THE LINK BELOW.
GOOD LUCK TO ALL!!
https://tts.sec.gov/oiea/Complaint.html

ARTICLE: "Baltia investors fear the worst as new airline still has no date for take-off"

SOURCE: http://theloadstar.co.uk/baltia/

ARTICLE: "Baltia Airlines' future in trouble as investors mull legal action"

SOURCE: http://www.ch-aviation.com/portal/news/28667-baltia-airlines-future-in-trouble-as-investors-mull-legal-action

ARTICLE: "Baltia Airlines' future in trouble as investors mull legal action"

SOURCE: http://www.ch-aviation.com/portal/news/28667-baltia-airlines-future-in-trouble-as-investors-mull-legal-action

ARTICLE: "Baltia investors fear the worst as new airline still has no date for take-off"

SOURCE: http://theloadstar.co.uk/baltia/

ARTICLE: "Baltia Airlines' future in trouble as investors mull legal action"

SOURCE: http://www.ch-aviation.com/portal/news/28667-baltia-airlines-future-in-trouble-as-investors-mull-legal-action

ARTICLE: "Baltia investors fear the worst as new airline still has no date for take-off"

SOURCE: http://theloadstar.co.uk/baltia/

Do you know if William Kassar is still Baltia's director of Investor Relations?

MANY BALTIA INVESTORS ON HERE HAVE EXPRESSED CONCERNS OVER THE CASH SPENDING, LATE SEC FILINGS, MISSED DEADLINES AND INCREASED AUTHORIZED SHARES. SOME HAVE EVEN EXPRESSED CONCERNS OVER "TAPE PAINTING" RECENTLY. IF YOU FEEL THAT YOU HAVE BEEN MISLED BY THE COMPANY OR ANY OFFICERS OF THE COMPANY OR IF YOU FEEL THAT THERE ARE QUESTIONABLE TRADES, YOU CAN ALWAYS FILE A COMPLAINT WITH THE SEC AT THE LINK BELOW.
GOOD LUCK TO ALL!!
https://tts.sec.gov/oiea/Complaint.html

CAN ANYONE EXPLAIN THIS TO ME?

BALTIA REPORTED AT THE END OF 292 MONTHS 12/31/2013:

TOTAL CASH PROCEEDS FROM SALES OF COMMON STOCK WAS: $31,048,375.00


BALTIA REPORTED THREE MONTHS ENDING 3/31/2014:

CASH PROCEEDS FROM SALES OF COMMON STOCK DURING Q1 WAS: $1,145,000.00

BUT..

REPORTED THE 295 MONTHS ENDING 3/31/2014 TOTAL PROCEEDS OF:

$28,235,688.00


IF MY NUMBERS ARE CORRECT THAT WOULD PUT THE 295 MONTHS END TOTAL AT:

$32,193,375.00

A DIFFERENCE OF $3,957,687.00

I DIDNT SEE ANY NOTES EXPLAINING THIS, IF YOU DID, PLEASE TELL ME WHERE.

SOURCE: http://www.sec.gov/cgi-bin/viewer?action=view&cik=869187&accession_number=0001165195-14-000015&xbrl_type=v#

BALTIA REPORTED NO MONEY SPENT ON TRAINING in Q1 or 2013!!

SOURCE: http://www.sec.gov/cgi-bin/viewer?action=view&cik=869187&accession_number=0001165195-14-000015&xbrl_type=v#

MANY BALTIA INVESTORS ON HERE HAVE EXPRESSED CONCERNS OVER THE CASH SPENDING, LATE SEC FILINGS, MISSED DEADLINES AND INCREASED AUTHORIZED SHARES. SOME HAVE EVEN EXPRESSED CONCERNS OVER "TAPE PAINTING" RECENTLY. IF YOU FEEL THAT YOU HAVE BEEN MISLED BY THE COMPANY OR ANY OFFICERS OF THE COMPANY OR IF YOU FEEL THAT THERE ARE QUESTIONABLE TRADES, YOU CAN ALWAYS FILE A COMPLAINT WITH THE SEC AT THE LINK BELOW.
GOOD LUCK TO ALL!!
https://tts.sec.gov/oiea/Complaint.html

MANY BALTIA INVESTORS ON HERE HAVE EXPRESSED CONCERNS OVER THE CASH SPENDING, LATE SEC FILINGS, MISSED DEADLINES AND INCREASED AUTHORIZED SHARES. SOME HAVE EVEN EXPRESSED CONCERNS OVER "TAPE PAINTING" RECENTLY. IF YOU FEEL THAT YOU HAVE BEEN MISLED BY THE COMPANY OR ANY OFFICERS OF THE COMPANY OR IF YOU FEEL THAT THERE ARE QUESTIONABLE TRADES, YOU CAN ALWAYS FILE A COMPLAINT WITH THE SEC AT THE LINK BELOW.
GOOD LUCK TO ALL!!
https://tts.sec.gov/oiea/Complaint.html

BALTIA FILES 8-K ACCOUNTANT RESIGNS 4/14/2014!!!


(a) The Company's certifying accountant since May 3, 2013, Patrick Heyn, CPA, PA at 1A Atrium Circle, Atlantis, FL 33462 USA, has resigned as of April 09, 2014, prior to auditing the Company's annual financial reports. Mr. Heyn withdrew because he was unable to complete the annual audit of Baltia Airlines, Inc. as of and for the years ended December 31, 2013 and 2012 due to time constraints created by the Company. The Company had not timely provided him with the documentation in the form he had anticipated receiving. During the months from May 3, 2013 to April 9, 2014, and except as stated above, the Company did not encounter any disagreements or reportable events with Patrick Heyn, CPA, PA. Mr. Heyn has received this disclosure and disagreed with it as set forth in the Exhibit EX-16.1 submitted herewith

b) On April 11, 2014, the Company engaged Terry L. Johnson, CPA, 406 Greyford Lane Casselberry, Florida 32707, to act as the Company's new independent registered public accountant beginning immediately and, specifically, to perform procedures related to the audit of the Company's financial statements and reporting, including periodic reporting for the period starting January 1, 2012 through December 2013. Prior to this engagement, Baltia Air Lines did not consult with Terry L. Johnson, regarding (i) application of accounting principles to a specified transaction, either completed or proposed; (ii) the type of audit opinion that might be rendered on the Company's financial statements, and the Company did not request or receive either written report or oral advice that would be an important factor in reaching a decision as to the accounting, auditing, or financial reporting issue, or any matter that was either the subject of a disagreement or reportable event.


SOURCE: https://www.sec.gov/Archives/edgar/data/869187/000116519514000009/2014_8K_April11B.htm

BALTIA REPORTED NO MONEY SPENT ON TRAINING in Q1 or 2013!!

SOURCE: http://www.sec.gov/cgi-bin/viewer?action=view&cik=869187&accession_number=0001165195-14-000015&xbrl_type=v#

BALTIA IS NOT CERTIFIED TO FLY PASSENGERS OR CARGO!! GLTA

CAN ANYONE EXPLAIN THIS TO ME?

BALTIA REPORTED AT THE END OF 292 MONTHS 12/31/2013:

TOTAL CASH PROCEEDS FROM SALES OF COMMON STOCK WAS: $31,048,375.00


BALTIA REPORTED THREE MONTHS ENDING 3/31/2014:

CASH PROCEEDS FROM SALES OF COMMON STOCK DURING Q1 WAS: $1,145,000.00

BUT..

REPORTED THE 295 MONTHS ENDING 3/31/2014 TOTAL PROCEEDS OF:

$28,235,688.00


IF MY NUMBERS ARE CORRECT THAT WOULD PUT THE 295 MONTHS END TOTAL AT:

$32,193,375.00

A DIFFERENCE OF $3,957,687.00

I DIDNT SEE ANY NOTES EXPLAINING THIS, IF YOU DID, PLEASE TELL ME WHERE.

SOURCE: http://www.sec.gov/cgi-bin/viewer?action=view&cik=869187&accession_number=0001165195-14-000015&xbrl_type=v#

I believe the SEC Division of Corporate Finance reviews filings, I'm interested to see if they flag it. :)

CAN ANYONE EXPLAIN THIS TO ME?

BALTIA REPORTED AT THE END OF 292 MONTHS 12/31/2013:

TOTAL CASH PROCEEDS FROM SALES OF COMMON STOCK WAS: $31,048,375.00


BALTIA REPORTED THREE MONTHS ENDING 3/31/2014:

CASH PROCEEDS FROM SALES OF COMMON STOCK DURING Q1 WAS: $1,145,000.00

BUT..

REPORTED THE 295 MONTHS ENDING 3/31/2014 TOTAL PROCEEDS OF:

$28,235,688.00


IF MY NUMBERS ARE CORRECT THAT WOULD PUT THE 295 MONTHS END TOTAL AT:

$32,193,375.00

A DIFFERENCE OF $3,957,687.00

I DIDNT SEE ANY NOTES EXPLAINING THIS, IF YOU DID, PLEASE TELL ME WHERE.

SOURCE: http://www.sec.gov/cgi-bin/viewer?action=view&cik=869187&accession_number=0001165195-14-000015&xbrl_type=v#

BALTIA IS NOT CERTIFIED TO FLY PASSENGERS OR CARGO!! GLTA

BALTIA REPORTED NO MONEY SPENT ON TRAINING!!

SOURCE: http://www.sec.gov/cgi-bin/viewer?action=view&cik=869187&accession_number=0001165195-14-000015&xbrl_type=v#

Irrelevant and OUTDATED, I don't think Baltia has enough money to fill the tanks of a B747..GLTA

MANY BALTIA INVESTORS ON HERE HAVE EXPRESSED CONCERNS OVER THE CASH SPENDING, LATE SEC FILINGS, MISSED DEADLINES AND INCREASED AUTHORIZED SHARES. SOME HAVE EVEN EXPRESSED CONCERNS OVER "TAPE PAINTING" RECENTLY. IF YOU FEEL THAT YOU HAVE BEEN MISLED BY THE COMPANY OR ANY OFFICERS OF THE COMPANY OR IF YOU FEEL THAT THERE ARE QUESTIONABLE TRADES, YOU CAN ALWAYS FILE A COMPLAINT WITH THE SEC AT THE LINK BELOW.
GOOD LUCK TO ALL!!
https://tts.sec.gov/oiea/Complaint.html

CLOSING TAPE FOR BLTA 5/16/2014

PRICE SIZE TIME
$0.0109 250 15:59:29
$0.0097 7,019 15:51:18
$0.0098 52,981 15:51:12

CLOSING TAPE FOR BLTA 5/15/2014

PRICE SIZE TIME
$0.011 150 15:59:24
$0.01 109,085 15:48:16
$0.01 40,915 15:48:16

Thanks for confirming Baltia's inability to become certified for over 15 years. I didn't realize it has been that long, wow!!! GLTY

5/15/2014: BALTIA IS NOT CERTIFIED TO FLY PASSENGERS OR CARGO!!! NO REVENUES

BALTIA FILES NT 10-Q!! 5/15/2014

NOTICE OF LATE FILING OF QUARTERLY REPORT

https://www.sec.gov/Archives/edgar/data/869187/000116519514000012/0001165195-14-000012-index.htm

According to their SEC filing, Baltia reported, in the past 292 months the cash proceeds from sales of stock were $31,048,375.00. Additionally, they report a secured loan against their main asset?

SOURCE: http://www.sec.gov/cgi-bin/viewer?action=view&cik=869187&accession_number=0001165195-14-000010&xbrl_type=v#

From the 10-K "vice president-finance, was paid additional compensation of $427,350 and $198,285 for the years ended December 31, 2013 and 2012, respectively, which represents amounts paid him for negotiating services in connection with the raise if new equity capital."

http://www.sec.gov/cgi-bin/viewer?action=view&cik=869187&accession_number=0001165195-14-000010&xbrl_type=v

CLOSING TAPE FOR BLTA 5/14/2014

PRICE SIZE TIME
$0.0099 200 15:59:38
$0.0096 40,000 15:59:11
$0.0099 100 15:44:42

MANY BALTIA INVESTORS ON HERE HAVE EXPRESSED CONCERNS OVER THE CASH SPENDING, LATE SEC FILINGS, MISSED DEADLINES AND INCREASED AUTHORIZED SHARES. SOME HAVE EVEN EXPRESSED CONCERNS OVER "TAPE PAINTING" RECENTLY. IF YOU FEEL THAT YOU HAVE BEEN MISLED BY THE COMPANY OR ANY OFFICERS OF THE COMPANY OR IF YOU FEEL THAT THERE ARE QUESTIONABLE TRADES, YOU CAN ALWAYS FILE A COMPLAINT WITH THE SEC AT THE LINK BELOW.
GOOD LUCK TO ALL!!
https://tts.sec.gov/oiea/Complaint.html

BALTIA REPORTED $11,549 IN CASH!!!!

That's not a typo..that is eleven thousand dollars!

SOURCE: http://www.sec.gov/cgi-bin/viewer?action=view&cik=869187&accession_number=0001165195-14-000010&xbrl_type=v#

BALTIA FILES 8-K ACCOUNTANT RESIGNS 4/14/2014!!!


(a) The Company's certifying accountant since May 3, 2013, Patrick Heyn, CPA, PA at 1A Atrium Circle, Atlantis, FL 33462 USA, has resigned as of April 09, 2014, prior to auditing the Company's annual financial reports. Mr. Heyn withdrew because he was unable to complete the annual audit of Baltia Airlines, Inc. as of and for the years ended December 31, 2013 and 2012 due to time constraints created by the Company. The Company had not timely provided him with the documentation in the form he had anticipated receiving. During the months from May 3, 2013 to April 9, 2014, and except as stated above, the Company did not encounter any disagreements or reportable events with Patrick Heyn, CPA, PA. Mr. Heyn has received this disclosure and disagreed with it as set forth in the Exhibit EX-16.1 submitted herewith

b) On April 11, 2014, the Company engaged Terry L. Johnson, CPA, 406 Greyford Lane Casselberry, Florida 32707, to act as the Company's new independent registered public accountant beginning immediately and, specifically, to perform procedures related to the audit of the Company's financial statements and reporting, including periodic reporting for the period starting January 1, 2012 through December 2013. Prior to this engagement, Baltia Air Lines did not consult with Terry L. Johnson, regarding (i) application of accounting principles to a specified transaction, either completed or proposed; (ii) the type of audit opinion that might be rendered on the Company's financial statements, and the Company did not request or receive either written report or oral advice that would be an important factor in reaching a decision as to the accounting, auditing, or financial reporting issue, or any matter that was either the subject of a disagreement or reportable event.


SOURCE: https://www.sec.gov/Archives/edgar/data/869187/000116519514000009/2014_8K_April11B.htm

Thanks for confirming Baltia's inability to become certified for over 15 years. I didn't realize it has been that long, wow!!! GLTY

AUTHORIZED SHARES JUMP TO 3,986,000,000!!!

http://www.dos.ny.gov/corps/bus_entity_search.html

ENTITY SEARCH "BALTIA"

noticed on 8/13/2013 3.5B
noticed on 02/13/2014 3.986B

Great Point because BALTIA HAS PRIOR DOT REVOCATIONS!!!!


http://www.regulations.gov/#!documentDetail;D=DOT-OST-1995-396-0012