Replies to post #61438 on Baltia Air Lines Inc. (fka BLTA)

[mrlahjr]

When we get our pass it won't matter. We'll be raking in close to $100 million a year.

And they'll still sell shares because this is going up!

BLTA$$$$$$

[kayakzz]

As the PPS drops, Baltia will need to sell an ever increasing amount of PP shares per day to stay afloat.

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.

Quote:
"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?