"...The only reason it has caught peoples attention is because it's showing up on stock scans..."
Well, perhaps that and the "chickenman" (former ihubber).
He started spreading the word on June 26th via email campaign.
--------------------------------- Subject: BLTA - (Baltia Airlines) unknown penny stock catching fire ........ Date: Tue, 26 Jun 2007 19:07:40 -0500
BLTA - unknown to most in Pennyland, Baltia Airlines is just about to receive FAA approval whereby they can launch their planned service from JFK to the following cities that badly need the service:
St. Petersburg Riga Vilnius Tallinn Minsk Kiev Moscow
The company will begin operations with one 747-200 and their first destination is St. Petersburg. They are about to close their private placement and all that they needed to raise was $2 million. The company
states they will only fill about 25% of the demand for these routes, thus they expect no less than an average of 68% occupancy and they only need 40% to break even and that's even with the high cost of fuel.
Current O/S are 120 million and the float is 15 million. Fully diluted and after the placement, the company will have a mazimum of 180 million O/S. The company expects an annual net profit of $8 million just for the St. Petersburg route alone.
BLTA's board on IHUB has only 4 "boardmarks," thus you can see no one knows about this company and the building excitement behind it.
At .06 and fully reporting with audited financials, definitely count me in. Volume is really starting to catch fire and no one can argue with the chart .....
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