Replies to post #78780 on Baltia Air Lines Inc. (fka BLTA)

[FlyBaltia747]

Folks: we have been calling this wrong. Its also known as:
** reverse takeover ** RTO !!

http://www.investopedia.com/terms/r/reversetakeover.asp?lgl=no-infinite

The process can be done in weeks.

SEC advice to shareholders about this:
http://www.sec.gov/investor/alerts/reversemergers.pdf



Wikipedia:

A reverse takeover or reverse merger takeover (reverse IPO) is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. The transaction typically requires reorganization of capitalization of the acquiring company.


This is was stated in Tony's last PR!

[mrinvestor08]

Why would Kalitta want to merge with a company that has nothing?