Replies to post #61410 on Baltia Air Lines Inc. (fka BLTA)

[Carsmax177]

Yet I see $14,940 ending cash balance (+$14,940 compared to last Q) as well as:

$5,730,374 Proceeds from issuance of common stock

$295,000 Deposit on common stock purchases

$432,730 Proceeds from short-term loans

(Per Cash Flows Statement from Quarter ended Sept. 30, 2015)

Based on the above, they are getting the funding to meet expenses and had more cash on hand than previous quarter.