Replies to post #48003 on Baltia Air Lines Inc. (fka BLTA)

[Inorout]

I'm afraid I wasn't being "quite silly" as you say because I am happy to show you financial facts as reported to the SEC by BLTA. And this is how one arrives at an estimate on BLTA's monthly expenses, and how BLTA is likely burning through 1 million per month. These aren't my numbers I just made up. These links are directly to BLTA's filings with the SEC.

Attached directly below is BLTA's 10-K filing with the SEC.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10628109

Now if you scroll down to Page F-2, you will see BLTA's Statement Operations. There you can see BLTA's Total Cost and Expenses as filed by BLTA. It indicates that Total Costs and Expenses for 2013 were $6,864,596 and for 2014 Costs and Expenses were $15,493,415. So add up the expenses for 2013 and 2014 and it totals $22,358,001 for that 24 months period.

Now if you then add another $2,810,390 in costs and expenses that BLTA reported in its 1st Quarter (linked below) of this year, it totals $25,168,401 in costs and expenses over the previous 27 months.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10701180

Now if you divide $25,168,401 in expenses by 27 months you arrive at $932,163 in costs and expenses every month.

And now with BLTA's FAA Certification process, costs are going through the roof. So my point was that if BLTA has been spending on average $932,163 per month over the last 27 months, costs are only getting bigger and bigger now. This is why IMO, expenses are likely around $1 million per month or more now. So sorry it's not "really silly" because those numbers are "really" from BLTA's own filings.

Now, where is your proof to support your assertions????