Yes, there are many shares and we don't know how many of those shares are restricted. We do know the company gets services in exchange for shares as reported in its 10Q.
The confirmed information is that BLTA has a 747 wide body, it is establishing itself with the FAA, as reported, it has an office in Russia (international) and it has filed forms with the DOT already.
It is dealing with two government agencies and we know how fast our government works.
We do know it is in the performance stage of testing and the most important thing to me, even though I've seen sub penny stocks run without proper filings, is that this company, BLTA, files its financial statements (that is a luxury in sub penny company stock world.)