Baltia Air Lines Inc. (fka BLTA)

[izzzzzieeeee]

MacFly, this isn't complicated. The shares outstanding are not the float, the shares we trade every day. Among that 5.6 (estimate) billion are a certain amount of restricted shares pursuant to Baltia's filing its 10Q. What Baltia hasn't told us is how many shares are restricted! What if it says 5.6 billion OS and a billion of them are restricted (an example), then there are 4.6 billion in the float.

IMO Baltia has no intention to do a reverse split. There have been some successful RS's but usually, the shorters just short them again and shares get devalued.

There is no reason to do an RS. We don't know the float. We don't know the short interest. We do know that Baltia cares about its shareholders who've provided the equity or paid-in-capital for them to make the corporation a success. If anything, I would bet they begin buying back shares at some point when they have revenue...IMO.