Replies to post #45481 on Baltia Air Lines Inc. (fka BLTA)

[flaflyersfan]

Teresajeanne, . Stockholders' Equity;

Stock Issued for Services
During the three months ended March 31, 2015, we issued 18,048,033 shares of our common stock in exchange for services. The shares were valued at $355,967, approximately $.01 per share and reflected the share market value at the time of issuance. The shares are not registered and are subject to restrictions as to transferability.

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