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The audit is never going to get completed. IMO, there are too many skeletons in the books.
Lampl is a marketing guy. I don't see Baltia doing any marketing now.
Mysterymeat:
The crab shell cracking tools require a special waiver from the FAA to be on U.S. Flights. There is concern that it may set back Tony's timeline 12 months so they are considering a short term affiliation with Rudy's Inflight Catering.
Don't tell anyone about this prior to the PR.
Is this a good stock to short trade?
Rudy's Inflight Catering is an excellent choice for Baltia's food provider. They also already service Stewart. Check out there first class menu, http://www.rudysinflight.com/pdf/RudysMenu.pdf
Rudy's may or may not have signed an NDA with Baltia.
Correct, News very SOON!
AK:
There are plenty of fabulous updates to tell you about...hmm, the NDA which Tony drafted and signed is preventing Tony from doing so.
Have FAITH in Tony, BUY more shares and REPEATEDLY remind yourself that this is a whole new company!
News to come SOON, very SOON.
Firestream:
The audit will be done SOON?
If there was anything real or positive about the NDA, Baltia would have leaked it by now!
The big joke is that the auditors are trying to clean up Baltia's books and SEC filings.
It is an excellent time for Tony to start his fundraising drive for the new acquisitions. I would suggest he start selling private placement shares the moment the RS takes effect and start selling a new class of preferred shares now.
7 weeks until delivery of the 767.....hope Tony is working omn a funding stream to make that happen.
Homebrew:
What do you think Tony is paying himself? I sure hope it is at least $200K a year. He is a true visionary and he deserves at least that much.
Sheryl must be making at least $100K but I will bet Nico is only getting $25K or less.
US Global Airways does not exist as a business.
Redsky:
They tried to sell $1 million worth of preferred shares but could only sell $720K, https://www.sec.gov/Archives/edgar/data/869187/000161577417002704/s106348_8k.htm Based on the SHM, one shareholder bought most of them.
I guess they could do another preferred offering and probably should but it will be even hard to sell them this time.
$720K is a drop in the bucket of the amount of money they need.
How is Baltia going to pay for all this?
Very SOON, Baltia will lease an aircraft, buy a 121 certificate, hire pilots and staff, and start selling tickets. Very, Very SOON. Tell all your friends and family to buy BLTA shares.
Remember, 2 cents before the SHM and 5 cents after!!!
Item 1.01 Entry into a Material Definitive Agreement
On December 15, 2016, Baltia Air Lines, Inc., a New York corporation (the "Company" / "Lessee"), and KALITTA AIR LLC, a limited liability company ("Lessor"), entered into a legally binding letter of intent for the lease of one Boeing 767-300ER aircraft, serial number 26234, to be delivered on or before April 1, 2017 or as otherwise agreed, to Oscoda, Michigan, on terms to be determined following inspection of the aircraft by the Lessee and execution of an Aircraft Lease Agreement, for an initial term of 12 months, .
The Company has deposited $10,000 as a refundable deposit to secure this letter of intent. Both parties will bear their own costs related to the transaction, and have agreed to secure approval of their respective corporate bodies within 10 days of the execution of the Lease Agreement.
This Letter of intent has been signed by D.C. Sanderlin, Vice President and General Manager of the Lessor, and by Anthony D. Koulouris, President of the Company.
So, we can expect a new name and ticker in 30 days?
Tony needs the RS to be done by the time the convertibles become due, otherwise he will be forced to increase the AS again. Be kind and vote FOR the RS.
Stewart has 7 gates.
Be sure to vote your shares!!!!
The timing is ideal for Tony to do another Preferred Share Offering and earn $5-10 million to lease the 767 and for operational expenses. There is so much interest in the company now that the new Preferreds would sell like crabs at the Crab Shack!!!!
I seriously doubt that Baltia does a name change or RS before the end of the month.
Well, too bad it didn't work out.
Baltia failed 7 consecutive times because Igor was in charge. He was a dinosaur.
On June 9th, all of the unvoted Baltia shares turn into "Yes" votes....
I recommend that Tony start a weekly "crab side chat" with investors. Once a week, during lunch time, Tony could do a Youtube webcast and discuss developments of the company, while he and his coworkers/associates eat at the Crab Shack (or similar crab restaurant). This would be a major step forward for shareholders to get the most recent info.
LT:
Have you heard anything from Mark Mazor at the FAA lately about the certification process?
If Tony wants to hire me as his Director of Counter Intelligence Operations, I would consider the offer. However, I won't work for shares.
LT:
Baltia (US Global) is like a Phoenix that just keeps rising from the ashes....that old lady was a classic!!!! Tony needs to hire her as his communications director.
LT:
The current price per share is meaningless. It doesn't matter if it falls to .001 or lower. What is important is that Tony has put together an all-star team of professionals, has leased a plane and has a new business plan. NOTHING else matters. Isn't that true?
AK:
They are going to have to prove to their faithful that US Global is more than just a new name. So far, I am not seeing any proof of that but maybe Tony can get something done in June.
How far will the 720K go? Tony has to pay commissions on the prefered sales, pay GBH accounting, pay the law firm in Manhattan, pay the party planner for the SHM, pay something on the St. George debt, pay himself, Milligan, Buckley, Kelsey, Nico Anthony and Lampl, pay for web services, pay for the trademark artist.....and supposedly pay for an aircraft!
Time for another preferred shares or private placement shares sales SOON. Make sure you have some dry powder ready!!!! The phoenix needs it to rise again!!!
Excellent!!!
Would Tony be willing to be interviewed by NPR?
US Global will NOT be participating in the Stewart International Airport Air Show on July 1st-2nd in any capacity. Baltia will not either.
That makes no sense LT. You were the primary fanboy for the "Get out the vote" movement and you pushed for it to get the name change and RS done now, rather than waiting.
Obviously, the "Get out the vote" movement was a failure.