Baltia Air Lines Inc. (fka BLTA)

[phl08]

If something came up as a surprise on the deal that wasn't in the interest of BLTA after several months of negotiations, then BLTA would have been the one to back out and get the $1M deposit back, per the agreement. Instead, 3 weeks lapsed since the agreed upon deadline and Aerline terminated the deal because BLTA couldn't raise capital. The deal called for $6.5M. It didn't call for BLTA to have additional capital reserve. That's not the seller's problem.

Baltia Bull Thursday, 02/22/18 05:38:43 PM
Re: mysterymeat post# 97309 0
Post # of 97316
We dont have all the facts and specifics on that MM

Tony said in a pr that they wont proceed with anything that is not in the best interest of shareholders long term. That to me speaks to some surprise happened on the Somgbird side of the deal. We need specifics