Baltia Air Lines Inc. (fka BLTA)

[mysterymeat]

More misdirection. The FAA authority would not have limited Baltia to only the JFK to ST Petersburg route, of which they lost quite a while ago.

So Baltia flat out lied in their 8k claiming they had sufficient funds. Hopefully the SEC does not hear about that.

"Lampl said the publicly-traded company couldn’t raise enough capital to complete the purchase before the closing." But the BFFs kept telling us they had plenty of money.

“It’s a painstaking, slow process,?(Yep, almost 29 years of slow) Lampl said. “You’ve got to find the right group of investors; all the stars have to align.” Step away from the Ouija board and bring Barry back, he had no trouble finding the right kind of investors.

It is nice to see the cause of the Songbird termination was indeed due to another of Baltia's string of failures.