Baltia Air Lines Inc. (fka BLTA)

[phl08]

The FAA has nothing to do with BLTA anymore. The DOT revoked route authority. The SEC made an initial revocation order. BLTA is just a paper company that has generated $120M in stock sales with nary a dollar to show for where it all went. They owe money to one company for engine leases, so it didn't go there. They couldn't close the Songbird deal last October, so it didn't go there (except $1M that they never will see again). They certainly didn't spend it all on 2 30 year old 747's.

They've not made one penny of revenue, but have been able to pay six figure salaries all these years to people who have done next to nothing.

I really hope to see the SEC do some digging into this mess. It's not your average penny stock, that's for sure.




The house of cards is slowly caving in.

pfgolf Tuesday, 08/28/18 10:19:23 PM
Re: None 0
Post # of 102510

folks, does anyone know why the faa or the sec hasn't pulled the plug yet? is there something left for baltia? i'm mystified.