Baltia Air Lines Inc. (fka BLTA)

[CSykes]

BLTA Fundamental Analysis..


We will use the Companies Pro Forma numbers which was based on realistic revenue and cost figures,

We will use the current fully dilluted authorized.

1,000,000,000/$53,200,000 = .0532 EPS

We know shares have been sold for .049 and currently are for sale in thier Private Placement at .05 with Warrants at .10.

So with an EPS of .0532 we can assume a fully dilluted value. If we use the industry P/E of 5 which is the average P/E of small cap Airlines. We get these values.

.0532 X 5 = .266 PPS This is considering the entire A/S is dilluted.

Now lets use 300,000,000 shares issued and outstanding which would be a close number after dillution from the Private Placement.

300,000,000/$53,200,000 = .177 EPS

.177 X 5 = .885 PPS

So now we can now give, upon start-up service and one years revenue, a valuation of .27 - .89 cents per share within the first year of Operaions.