Baltia Air Lines Inc. (fka BLTA)

[phl08]

They will be zero'd out because they will be completely worthless more than they are now.

There will be no new entity that would even look at this company. Why would they?

1.) no financials for several years
2.) no assets
3.) no operating certificate
4.) no DOT operating authority
5.) one failed business plan after another

SEC and Baltia are not talking. Baltia has not responded to any of their notices. Baltia is not talking to even their shareholders, at all. Baltia has said they will not fight revocation. The order will stand and be final in the coming weeks. Bet on it.

Tony can't show us where $100M+ has gone over the years, other than inflated salaries, 2 rusty old 747-200 airframes, a Citation business jet that **WHY?** they seemed to need to conduct business for a company with no revenue. Oh - and the $1M they scrounged up to throw away on a deal that was heavily skewed against them from the get go. That alone is curious. Was that by design?? Follow the money....

Monroe1 Sunday, 10/14/18 12:16:48 PM
Re: phl08 post# 103122 0
Post # of 103123
Where do you come up with all shares zero'd out? The new entity can honor all and choose to RS or not RS, or not honor any. Sure most likley revocation. I would bet on that, but that could be a wrong bet as well. The SEC can do as they please. We don't know when and if the SEC and Baltia are talking and when those talks began. So until revocation happens and until Baltia speaks we know nothing. Maybe Deripaska/Bronfman has some money invested here, if so Baltia will slide. I have a suspicion US Global may well survive but exactly how and whether or not us peons survive is the big question.