I do not know.
We all agreed to fund Baltia's needs at various stages of the game, but Luis is a director, so his commitment to fund Baltia is more of a privileged type of information.
Your guess is as good as mine.....operational expenses?, deposit on N706BL's sister ship?, etc.?
I guess we will have to see if there are any really interesting new additions to the next 10-K (Luis's investment occurred in December 2014).
"Always only post what you truly believe to be the God's Honest Truth, or don't post at all."