Replies to post #61428 on Baltia Air Lines Inc. (fka BLTA)

[Ivanovich]

They will just increase the o/s and keep selling stock while spreading rumors of "news soon" via proxy. The game continues.

[mrinvestor08]

what are they spending 25k a day on? salaries? rent? Thats a crazy cash burn rate

I have seen investors on shark tank turn down offers from companies who have a cash burn rate of 75k every MONTH....BLTA is very lucky the whales continue to fund and believe in the companys potential.

[kayakzz]

Baltia needs to sell 20 million PP shares a day to stay afloat. That's right folks, 20 million a day. Here is the math. They burn 24K a day and they sell PP shares for about 1/2 of market value, or about .0012 at the current PPS. Divide .0012 into 24K.

If my math is flawed, please let me know and I will post corrected figures.

"Our operating activities utilized $6,713,777 in cash during the nine months ended September 30, 2015"

The spending rate is about 740K a month or 24K a day.

How long can this continue?