Baltia Air Lines Inc. (fka BLTA)

[taxguy]

Additionally, given the new supposed timetable, Baltia will need to sell a lot more shares to pay their ridiculous expenses (this is why management has to go - no need to have all these expenses if they cannot operate), thus they will most likely increase the outstanding limit of 2.5 Billion shares.

I also have a feeling that they will be paying Igor another 7-8 MILLION DOLLARS in shares for accomplishing nothing and putting this company in a much worse position then the year before.

When I invested, there were 600 million outstanding shares and both Barry and Igor said that they only needed to raise $1 Million Dollars and they would be operational. That was probably $30-50 Million Dollars of raised money ago.