Baltia Air Lines Inc. (fka BLTA)

[phl08]

How would you know "ONE" person is accumulating, unless you were responsible for 90%+ of those transactions we've seen since delisting? The random buys/sells here and there could just as easily have been people just trying to dump what they have and recover what morsels are left.

Mini Evac could have passed and there's still high unlikelihood the company would have turned a profit trying to operate a single route/plane with high maintenance costs, high crew costs due to needing 3 in the cockpit of a gas guzzling, aging 747-200 vs. 2 pilots on the 747-400, high costs for a prime slot if they stuck with JFK, the list goes on. If St. Petersburg Russia is a high demand route from NYC, why has not one single airline attempted it? Delta made a good run of Moscow, but dropped it. Even Aeroflot only flies the JFK-Moscow route, despite having the best business case - if one were to be made - to fly JFK-LED.

There's no reason to think woulda' coulda' any more. There's no upside to investing in this burning piece of paper. No assets, no route authority, no FAA certification, no SEC filings. If I had all the money in the world there would still be no reason to even look at this heap of rusty bolts.

Monroe1 Member Level Friday, 01/18/19 02:25:37 PM
Re: AKthisistheone post# 104085 0
Post # of 104098
Looking back over the past few months. Someone has been accumulating.