Baltia Air Lines Inc. (fka BLTA)

[mymoney123]

Had a chance to meet with a couple of folks (my sources if you will) from Baltia last week and it seems that Baltia is needing to raise some more money due to the Maintenace estimates were a bit low. They are trying to get a new source to raise the capital because Barry has used up all his contacts and credibility. Apparently many of the previous investors have pretty much told Barry he has tried to mislead them too many times so while he will still be a big part of Baltia his resources have dwindled. No one in the office has told them the exact numbers they need to raise but they are again offering private lots with a 6 month hold and warrants. My fear again is in 6 months, when these big lots can be sold on the open market it will again dilute prices. we will just have to wait and see. Other than this, it appears that things are on the way to getting the aircraft in the air. If Igor can raise his revenue, then the work can continue uninterrupted and the aircraft could feasibly still make it in the air this year. On a side note, money is still needed for hiring/training/personnel/ contracts (previously signed but no money given)/ etc. I am sure the money being raised has this all factored in and not just for the maintenance check.