Deltasaint, nice post;
Nothing will save BLTA stock at this point. Every share is about to be revoked and be worthless forever. 2 things I have said since the beginning about Baltia Airlines;
1) They figured out long ago that they could make more money selling stock than flying. Think about it; N706BL was a giant prop. Engines not paid for, could not pass a test 7 times, and the exclusive Russian route expired years ago. That Pro Forma forecast was a joke but people bought it hook, line and sinker and it cost some fortunes. The background of most insiders of BLTA including the current CEO were stock brokers. The one that was not a broker but sold stock illegally and made BLTA millions of dollars is definitely not in the clear yet.
2) Once the smoke cleared; people would be surprised that others were not who they thought they were. The key to a successful penny stock is getting people to think the company cares about shareholders and "we are all in this together" belief that the other posters are friends. Nobody twisted anybody else's arm to buy BLTA stock and many made money selling it.
BLTA survived a lot longer than most penny stock never generating one penny in revenues; ever.
Speaking of surviving; it is highly likely that the previous CEO has passed although there is no published obituary. BLTA did put out an 8-K but NY death certificates are not public info. If Baltia Airlines was honest about everything from day one, the above 2 sentences would have no merit.
Good luck.
You are never green on any stock until you sell it.
Thanks again Paulie Cashews!
