Baltia Air Lines Inc. (fka BLTA)

[baseball69]

The bottom line here is that current management doesn't have the ability to raise capital nor to run an airline. Especially a start up. It's current CEO, Chairman and President has absolutely ZERO experience in running an airline and no track record of being successful at raising capital. What is obviously going on here is another toxic convertible deal which is causing shares being sold short against being issued future shares at extreme discounts. This is obviously an attempt to raise operating capital. but all it will do is further dilute and bring the share price down even further making this company even less attractive to Wall Street. What this company needs if it has any chance is someone who knows the industry and has very strong financial and airline industry connections neither of which their current CEO maintains. Basically all the CEO has accomplished since taking over is spending money on window dressing at the shareholder meeting and throwing away 1 million dollars on the Songbird deal.