Home > Boards > US OTC > Miscellaneous > Baltic Intl USA Inc (BISA)

EDIT: 5:03** Also, shells don't claim to have any

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Zorax Member Profile
 
Followed By 144
Posts 35,718
Boards Moderated 7
Alias Born 12/20/04
160x600 placeholder
Zorax   Tuesday, 05/17/11 04:56:14 PM
Re: SSP post# 2814
Post # of 2875 
EDIT: 5:03**Also, shells don't claim to have any product, or else it wouldn't be a shell. I don't think you quite understand what a shell is.

~!~ I think I see our differences... you're talking reporting shells and I'm thinking about scam shells that have promotion about products and services....but never produce.

So you believe I'm getting confused with bisa being something other than a scam. They claim to be supplying/producing a service.

Also, I thought bisa cancelled that merger deal some time ago...


**I believe I've combined other tickers with bisa... too many similar scam plans. But bisa is just as you said, a clean shell looking for merger from the looks of the filing the same reports for the last 2 or 3 years....

I found this, back a few years they did provide services but would probably fall under investment vehicles...and the shell information...apologies to ssp and the board.


http://ih.advfn.com/p.php?pid=nmona&article=37103272

2

--------------------------------------------------------------------------------

PART I

Item 1. BUSINESS

Baltic International USA, Inc. ("BIUSA") is a Texas corporation that has provided capital, management, and technical services to start-up and established private companies. In most instances, we are directly involved in management, and in all instances assists in allocation of capital either directly from us or through the investment of third parties. BIUSA has not taken significant profits or management fees from these investments.

During 1999, we decided to sell most of our business interests in Eastern Europe and to focus on utilizing our assets to achieve profitability by acquiring business operations based in the United States. We have limited cash resources available for investment purposes.

Current Status as a Shell Company

Since March 2003, we have been classified as a "shell company". Rule 12b-2 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act") defines "shell company," as a company (other than an asset-backed issuer), which has "no operations; and either no or nominal assets; assets consisting of solely cash and cash equivalents; or assets consisting of any amount of cash and cash equivalents and nominal other assets."


Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist