Baltia Air Lines Inc. (fka BLTA)

[Baltia Bull]

I must say some very good chatter here Phl MM Cert and others.

Phl I understand what your saying and somewhat agree thats why I am saying we dont know all of the specifics let me explain my thoughts.

It doesnt make sense to me that on Sept 1 they gave them $1 mill. They must have secured all of the funds before giving them the deposit. I question why give a non refundable deposit then look for funds it doesnt make sense.

My theory is common sense. I relate it to the real estate business I am in. This is an example of a deal agreed upon at a price only to fall through and maybe in litigation.

What I am saying is I question the plane after the Sept 1 deposit given. In real estate if we agree on a price then find a hidden defect the buyer would want a discount off the agreed price. I dont know if this was even the case but I do know blta performed a check of the plane I read in October. Then Tony said he would not proceed with something that is not in the best long term interest of shareholders and let me add to that... the guys that were giving the balance of funds might have stopped it based on that check.

Looking back I was surprised this was a firm deal and not conditional based on inspection of the plane or in real estate the house, if it was then the deposit would be returned immediately to the buyer if for whatever reason they found something wrong with the promised items in the agreement.

So now what happens if the above is the case. In real estate after a firm deal the buyer seller come to an agreement to give the deposit back as the hidden defect might have been intentional neglect or the buyer has to sue and it goes to court if the buyer can prove Songbirds neglect then the deposit is returned.

Like I said we dont know all of the specifics. There is always 2 sides to a story but it doesnt make sense to me funds were not in place b4 deposit was given so something happened....

Whats on the surface without specifics is usually not always the case. glta