Baltia Air Lines Inc. (fka BLTA)

[bliz82]

I sold this stock back in November of 2007 because of the money issue and also some of the things that IR (Barry) was saying. At the time it was .13 when I sold and everyone said it was going higher and good luck. Well it fell to a penny over the next year and hasn't done much better since. I took my profit and ran because of the money issue and the fact that the O/S at the time was already pushing 300M. Well now it's at least 438M (as of August 18th). Those two things have always been their trouble. Raising enough money to fly and too many outstanding shares to produce a decent valuation. I have to admit the chatter has been fun to read though lately. Typically penny play with all the characters starting to show up. GL to those still in this. Stranger things do happen.

common stock outstanding as of August 18, 2009: 438,260,159 shares of Common Stock

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6763453-1084-46522&type=sect&dcn=0001165195-09-000010