Baltia Air Lines Inc. (fka BLTA)

[phl08]

What makes you think so? Seems that Aerline gained $1M because BLTA failed to meet their end of the agreement. The deal wasn't closed on time. 3 weeks after the "in no event, no later than 10/31/17" deadline had passed, the 8K was published that the deal was dead.

If BLTA had the money, Aerline would have done the sale and BLTA would have an operating certificate. Aerline only stood to gain more if the buyer actually had the funds. I don't believe for a second that BLTA decided at the last minute that it wasn't the right deal after months of negotiating and hoopla in their public statements, and just a week after Tony telling Shareholders that the company was committed to the deal.

Aerline was contractually within its rights to cancel it. "Plane" and simple. They got $1M for basically nothing.

Robodog Tuesday, 02/13/18 02:27:48 PM
Re: Small Time Joe post# 96891 0
Post # of 96905

Nope...Songbird is pretty much worthless. Aerline lost a lot more when they killed the deal.