Replies to post #23271 on Baltia Air Lines Inc. (fka BLTA)

[DISCHINO]

The SEC requires it...a forward or reverse split is a material event so an 8-K is required, and always followed by a PR.

Unless above happens, all else said is pure speculation.

[CCruzNY]

Absolutely! They have to eventually disclose the date and the ratio at which the split will be at and also the type of split it will be. At an 8:1 R/S ratio at this point would reduce o/s to 560,750,000 as an exact number. So my assumption (pure speculation here) is that 4,486,000,000 is not a mistake and fortells of an 8:1 r/s at some point in time. R/S aren't bad if the company is profitable, it actually makes a company more attractive to larger even institutional investors.

I don't like dillution. If at the end of the day this is a success, then this was just another necessary adjustment that had to be made to get the ball rolling. IMO.

[CCruzNY]

trust me, adding more shares is worst news than a R/S because the value stays the same in the R/S. With adding shares, technically, the value of each share should drop which is why I'm baffled as to why we are maintaining the same price today. I don't think of Flyersfan as a liar, but I still have not seen any confirmation that the outstanding shares has increased to the number he claims either. So, i'm trully in Limbo for now.