Baltia Air Lines Inc. (fka BLTA)

[certdog]

I wonder what happened with these negotiations?

The Company and its previous independent auditors failed to account for the payments purportedly due to Logistic under the Agreement in its contingent liabilities in the financial statements for the Relevant Period.
Logistic has made a demand for payment of outstanding payables in the amount of $8,850,000. As of the date hereof, and while not in any manner accepting the validity of Logistic’s claim, the Company is in settlement negotiations with Logistic regarding such payment.

With all the talk of how much money is available to USGlobal, Logistics was probably pressing their case to recover as much of this debt as possible.
I would think it must be resolved for them to close the Songbird deal. Whoever is financing this deal certainly wouldn't want this hanging over their heads.