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It would be a good time for our 13D filer to pontificate and crush any possible rise in the PPS tomorrow!
Fly:
Judging from the very limited reaction to thge BIG news, I don't think many will be fooled this time. Even the BFFs reaction is very retrained.
Fly:
Tony does everything he can in that 8K to suggest to the investing public that the LOI is a binding contract but it clearly isn't. Well, the PPS may get a little bump tomorrow from the handful of people that disagree. That may provide an exit opportunity for those that have had enough.
The SEC needs to fully investigate the whole Baltia operation.
8K on new aircraft that Tony wants to obtain via lease. The plane is in Teruel, Spain now and is in storage. The PR claims the contract is legally binding with 10K, which is refundable. The contract has to be ratified by both companies.
https://www.sec.gov/Archives/edgar/data/869187/000116519516000089/2016_8K_Dec21MatAgree.htm
https://www.planespotters.net/airframe/Boeing/767/26234/EI-UNB-Transaero-Airlines
Stock may get back to .002 tomorrow.
I am very skeptical of this.
Anyone can see that there is a pattern of conduct here that Baltia is engaged in and that is detrimental to the public. Read all three PCAOB reports and you will see striking similarities. Ask yourself, how is this possible?
Baltia's prior to accountants, Patrick Rodgers and Michael F. Cronin both were busted by the PCAOB and kicked out of the profession as a result of their Baltia audits.
That is three accountants that are out of the profession based on their audits of Baltia!!!!
Patrick Rodgers
https://pcaobus.org/Enforcement/Decisions/Documents/2014_Rodgers.pdf
Michael F. Cronin
https://pcaobus.org/Enforcement/Decisions/Documents/05142013_Cronin.pdf
John Scrudato
https://pcaobus.org/Enforcement/Decisions/Documents/105-2016-054-Scrudato.pdf
Monroe!:
Please read the PCAOB report (at least the paragraphs that relate to Baltia) and apply your own best critical thinking to it.
https://pcaobus.org/Enforcement/Decisions/Documents/105-2016-054-Scrudato.pdf
Well, this absolutely tops the cake. It looks like the boyz may not have been honest about the ownership of N706BL in SEC filings. I fully expect that PCAOB report to go to the DOJ for further investigation.
14. In connection with the audits of Baltia's financial statements, Respondents failed to exercise due professional care and professional skepticism and failed to plan and perform the audit in accordance with PCAOB standards. PCAOB standards require auditors to identify and assess risks of material misstatement at the financial statement level and the assertion level. Factors that should be evaluated in determining whether a risk of material misstatement is a significant risk include, among other things, the effect of qualitative and quantitative risk factors on the likelihood and potential magnitude of misstatements. Respondents failed to appropriately plan the audits by not identifying a significant risk of material misstatement related to whether Baltia's fixed assets were properly valued.
15. As of December 31, 2013 and 2014, Baltia's largest asset was a single Boeing 747 airplane. The airplane represented $1.5 million and $2.1 million of total assets, or approximately 80% of total assets, in 2013 and 2014, respectively. Except for obtaining management representations, Scrudato and the Firm failed to perform sufficient procedures in either year related to whether the Boeing 747 existed and whether Baltia had legal title to it. Further, aside from obtaining management representations, Scrudato and the Firm failed to perform sufficient procedures to evaluate whether Baltia's airplane was impaired as of December 31, 2014 in accordance with generally accepted accounting principles. In fact, Scrudato noted that an updated
impairment analysis would be completed in the future.
BREAKING NEWS!!!
Baltia's auditor BUSTED by PCAOB for among other things, Balta's 2013 and 2014 audits
Read all about it on the BWC!!!!
I was thinking a 2000 to 1 reverse split would be adequate. Many of Tony's loyal followers will buy their shares back as long as he issues a good PR.
Fly, you are right about that, a RS will temporarily raise the PPS. And we know it is coming as some of the Baltia royalty have so said it is coming.
DieselJoe:
Are you expecting another PR this week? This would have closed at 16 had the paint job not occurred. However, paint jobs never hold.
My prediction hit the nail on the head.
Today, a British newspaper rated Baltia as the worst airline in the world. Even worse than North Korea's Korya Air, which is described as beyond dreadful and totally unsafe. Read the full story on the BWC.
Thanks Certdog
I agree with you about your lease estimates. Even if Kalitta doesn't charge Baltia anything for the lease, they still need a bunch to pay for their "119 Managers and Members of the Board of Directors", http://www.nasdaq.com/press-release/baltia-signs-letter-of-intent-to-lease-aircraft-20161216-00578#/ixzz4TF29nvmA .
However, no problem, following a reverse split they can resell 9.9 billion shares?
Firestream:
What is the annual cost to lease one of those very fine aircraft?
+Firestream:
Yes and no. We need to read the language of it. However, I bet it reads something like this. If Baltia has X amount of money (lets say 2-3 million) as an initial payment, Kalitta agrees to negotiate the lease of an aircraft. Another red flag term, if it says Kalitta was compensated for signing the LOI. You laugh, but I have seen that in penny land before.
Kalitta has not and will not lease Balitia an aircraft. Letters of intent are meaningless in sub penny land.
Thanks for posting the great PR!!! I think we may see the PPS take a nose dive because people have all see that kind of Baltia PR before.
However, we will see over the next few days!!!
Robo:
A letter of intent to lease an aircraft convinces you that Baltia will get certified as an airline?
A reverse split means dilution in penny sock land, any other explanation is BS
Excellent insights!!!
The volume should be enormous the next couple days as people try to get out before the RS.
Just ask Tony. He is happy to help shareholders at any time.
Mit:
It is great to know that the company is worth $500 million prior to the reverse split....all by LTs estimation.
The last big push LT did crashed the PPS because everyone knew it was BS. This will be the same.
The BWC has an important new article titled America’s Most Corrupt “Airline” Has A New Plane & Business Plan
Monroe:
I missed that, thanks. I still say it is BS because they are only promising to announce a date in January.
When is the shareholders meeting you referenced? I have some questions for Tony
I can't see the PPS going over .0023 next week. Penny stock investors already know what Tony's game is.
FlyBaltia747:
All you need is a good quality new name identified on FB by Tony and this puppy will run to .003 in an hour. I have already posted my suggested new name which is Zombie Airlines. However, another great name would be the Putin Express.
The new slogan should be.....drum roll..Making America Great Again One Flight at a Time!
Who has been invited to Tony's Christmas part?
A really well done article on Baltia,
http://www.marion-press.com/2016/12/planeless-and-passenger-less-baltia-airlines-will-never-fly-the-friendly-skies/
Fly, Joe's Crab Shack near JFK is open to midnight Sun-Thur and 2am Fri and Sat. Tony should take advantage of the free wifi and get the PRs done.
Monroe is correct, the volume will pick up after XMas as people take their gifts to pawn shops, allowing them to have more money for Baltia shares!
Mit:
You have to have patience!!! It takes time to build the worlds leading airline and Tony is really working his ass off to get it done. Have more faith in Tony!!!
And please, refinance your house and buy PP shares!
Good thinking, they probably have free wifi as well.
They should just rent a P.O. Box somewhere and forget about having a physical location. Tony should be able to conduct business from a coffee shop, public library or hotel lobby.
Maybe a PR increasing the AS to 25 billion would help?