Baltia Air Lines Inc. (fka BLTA)

[izzzzzieeeee]

Went to SEC website found this filing you posted about and it looks like they're raising $10,000,000 with a minimum investment of $20,000. Their form said it's equity and said 1st sale yet to occur when form asked if they did this before.

Business Combination section says this particular offering has nothing to do with merger, acquisition or exchange offer.

They aren't selling shares at this pps to get $10,000,000.

Does this mean new mini or proving flights financing?

Since the minimum an investor must invest is $20,000, they're looking at accredited investors millionaires.

Maybe they did pass the mini, I don't know if they'd raise $10 mm unless they knew they passed the mini.

And the question the SEC asks is if this particular offering is related to a merger, acquisition or exchange offer; but that doesn't mean that it can't happen.

Maybe they want to buy back shares to lower float.

I like this better than Baltia selling shares to raise 10 million we'd really have a huge jump in the outstanding shares. This is a better way to raise money. It looks positive.