Baltia Air Lines Inc. (fka BLTA)

[bliz82]

tough environment right now for airlines to make money. most are losing tens of millions if not more. I've never thought BLTA had any hope of making the necessary profit to push their valuation much above where they are now. They're O/S has steadily grown over the last few years and I like to use 500M for my calculations (they were already near 440M in August). My calculations have always been only up to .01 eps with a 5 pe for an OTCBB which is a nickel. But then I've doubted from the beginning that they had the money and ability to get off the ground. Hope it works for you.