Everything I say is purely my opinion, and should not be used as a recommendation to buy or sell any security.
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"In January 2017, we retained Ellenoff Grossman & Schole LLP, a well-respected Manhattan-based law firm, to advise and represent us in several aspects of our business, ranging from securities compliance to financing."
They have a team of over 90 attorneys. This is FANTASTIC news.
Ellenoff, Grossman & Schole LLP: http://www.egsllp.com/attorneys
April 13, 2017 Press Release: http://www.businesswire.com/news/home/20170413006127/en/Baltia-Air-Lines-Quarter-2017-Update-Letter
In anticipation of flight operations, ten new registration numbers were reserved and purchased by us from the FAA, signaling our intention to augment our fleet to ten airplanes
YUP! Sounds like ten aircraft to me.
April 13, 2017 Press Release: http://www.businesswire.com/news/home/20170413006127/en/Baltia-Air-Lines-Quarter-2017-Update-Letter
Ask yourself why they chose that location, and why it would be in an AIRCRAFT HANGAR.....really think about it....
There you go! See, was that so difficult? BLTA SHM - May 11, 2017. See you there!
I think you mean Monday....markets are closed tomorrow. And there are going to be hundreds of eager investors wanting to increase their position Monday too, IMO....
Talk about timing.
May 11, 2017 is what is stated in the Press Release. Can't find it? LOL
Excellent PR!
My money's on it happening by mid-May. IMO
They'll be current probably within the next 4-8 weeks, IMO. The SEC is aware that the company is getting its financials and a new auditor together.
I would guess that they'll clarify the details of the SHM at least a couple weeks in advance, so I wouldn't expect it to be April 19. But until they do announce details, we won't know. My gut feeling is that it'll be a bit later than April 19, but we'll see.
None of those are opinions. Read them again. And again. And again.... And one more time.
If you simply put in any effort to do some due diligence on Baltia, you'll realize that for yourself.
I can't help you if you choose to be in the dark.
Nothing on record? Lol...clearly you haven't looked at their SEC filings....
Your description of Baltia applies only to the Igor era, and not applicable to the present company. That much should be obvious.
We'll let you know after the shareholders meeting.
You're talking about 6 years ago? LOLLLLLLLLL
Come on, now, you can do better than that.
Baltia, under Igor, was a mess. The company formerly known as Baltia, under Tony, is a properly run business that has already accomplished more than Igor ever dreamed of. Get real, flaflyersfan.
If anything, Kalitta will become a branch of ours, not the other way around. This company will be far larger than Kalitta Air. But this is extremely speculative discussion....
The FAA really is a bit of a joke, they won't be a problem. I'm pretty sure the company has several New York attorneys on top of any misbehavior from inspectors...
There'll be a new ticker after the name change. The problem with a new IPO is that the progress that was made (being in Phase 3) will need to be repeated if they just create an entirely new corporation instead of rebranding the existing company. If they make the right decisions, Baltia will be a historical term and not one that is associated with a living, breathing company.
They're probably looking for an auditor who can be relied on, instead of the nobodies that Igor used to pay. There's a big difference. The company will be a solid auditor and take care of financial reports probably before the SHM.
Fact - the 10-K is not late because it's not due.
Fact - the company you're referring to (Baltia) doesn't exist anymore, as the current company is undergoing rebranding/restructuring.
Fact - The new company is going to do a R/S at the right time to bring the O/S to a reasonable level.
Fact - there's a shareholders meeting coming VERY soon, that isn't even required. They just want to present the new company's image and show that this is going to be a real airline.
Fact - The FAA rescinded their letter, now we can continue certification.
Fact - The board of directors is better now than it ever was, with billions of dollars managed among the current members.
Fact - There are ten new N-numbers registered to the new company.
Fact - Notice how the corporate address on recent SEC filings isn't at JFK? Take the hint.
Fact - NO dilution since Tony became President.
Fact - NO increase in O/S since Tony became President.
Fact - Funding the remainder of certification has proven to be easy for the company.
Fact - The company is actively working on becoming current on their filings.
Fact - George Kelsey, Kalitta's attorney, is the company's legal counsel.
Fact - We have SEC, FAA, and business attorneys working on multiple aspects of the company.
Fact - We have an LOI for a Boeing 767 that can be contracted at any time.
Fact - The new airline isn't focusing on just St. Petersburg. They want to be an internationally recognized company that flies to numerous underserved destinations.
Fact - The company's President has real business experience, and an MBA from Fordham University. He has worked in asset and wealth management for many years and understands the aviation business.
Fact - The company's largest shareholder is touting how incredible the new company is. When a whale with millions invested is saying this is going to be a life-changing company, best to listen.
3,000% dead cat bounce? LOLLLL What??? BLTA is the best stock on the OTC, and by far the best company. There is no falling knife, only a razor sharp focus on the success of this business (see what I did there?)
What you're saying is completely incorrect, and not based on the reality of this company.
3000% gain from November. I call that a great investment.
It's called a Letter of Intent, not a lease of intent. And I've never heard of a plane failing.
Deadline? The company still has an LOI, April 1st was not a contractual date or deadline for leasing the plane. I think you need to read the SEC filing a few more times.
Regarding this:
Lol....the whales are in it for big money, not cashing out quickly. You don't understand how whales invest in BLTA.
There is ZERO chance anyone will stop them from existing as a public company, especially because the company is working diligently to get current. The SEC knows this.
That's exactly right. I'm sure they're working on trying to get current IMO, but it'd be a horrible waste of time to put out a 10-K at this point instead of becoming current first.
I'm rolling on the floor laughing so hard at the fact that something I said THREE YEARS AGO is your basis for judging the company formerly known as Baltia.
LOLLLLLLLLLLL
They aren't required to file the 10-K. EOM
You're relying on a 3+ year old quote? LOLLLLLL
Expedia went up 1,000% following their R/S, BLTA will be no different IMO because of the situation they're in. They're on the brink of launching their business, and I think we're going to see that certification WAY sooner than anyone expects. But to answer your question, the R/S might not even need to happen this year. If we hit .15-.20 at some point, giving us a $1.4-$1.8B valuation, then a R/S makes sense for uplisting. Even at .02 we can uplist to NASDAQ easily if the company shows revenue. Whenever it does occur, the R/S will happen purely for uplisting IMO. There's no reason to reduce the O/S otherwise.
No, do your own due diligence.
Read the PRs, look at the SEC filings, they've stuck to their word and turned a dying company around. Over the next 6-8 weeks we're going to see some great stuff from this new company, IMO. And it is my belief that they won't do a R/S unless the share price is much, much higher than the current value. They will probably wait until the market cap is in the hundreds of millions (just 4x current value) so that they can R/S followed by immediate uplist to NASDAQ.
Float is much less than that, call the transfer agent. And they've announced a R/S. In reality, the only number that matters is the market cap, and it has grown 3,000% since last November.
This is the most undervalued stock on the OTC.
Your statement is incorrect. They don't have to file anything at this time.
Delivered? Lol....They put the plane in a nice box and shipped it. They have a Letter of Intent for a plane, and they'll sign the lease contract when the plane is absolutely needed. Understand?
No, it was not due. They don't have to file it at the moment. Once again, you are wildly wrong.
What in the world are you talking about, Lol? The company doesn't determine the stock price. That should be abundantly obvious.