I just personally spoke to Tony on the phone and I'm going to sqaush a lot of rumors right now.
First. There has been no disposition given by the FAA whatsoever. Baltia Airlines, Inc. DID NOT receive notification of a pass OR fail whatsoever. So Baltia is NOT APPEALING a decision that was already made. A confirmed answer from the FAA has still not been given to Baltia. Do not throw around the word appeal at all. He clearly stated Baltia did not even get an answer to warrant an appeal.
Second The crowdfunding website is something that they started to be able to start moving forward at a faster pace. They want to use that $10 million towards expanding the fleet as fast as they can. The crowdfunding is not a desperate measure for cash. Do not misconstrue those words. The reason they created the crowdfunding website is because they are now 100% compliant with the SEC, which means they are allowed to advertise Private Placement for the first time ever to accredited investors. The reason for the crowdfunding site is because they are allowed to mention private placement through a public medium (online) and not word of mouth like other investors or phone calls to Investor Relations directly. They never were allowed legally to advertise Private Placement any other way except now, since they are 100% up to date with SEC regulations. He also said all financials are in order and all filings are up to date.
Third He told me personally that if any of my other fellow investors want any of their questions answered, they are more than welcome to call him at his office. The phone number is on the Investor Relations webpage. He reiterated over and over that he would gladly answer any questions investors have if they just pick up the phone and call his office. He specifically said that shareholders, either Private Placement holder or open market shareholder, have a right to know what's going on and he is more than welcome to speak to anyone that calls.
Baltia has nothing to hide. Just pick up the phone and start dialing.
AI
