Replies to post #93728 on Baltia Air Lines Inc. (fka BLTA)

[Asterixus]

You are right there were NOT that many shares available 10 years ago BUT that is irrelevant with this kind of stock. For example look how pps jumped last year with the PRESS RELEASE of 14 Nov 2016 FALSELY claiming that Kalitta was going to be part of management. Also look at how pps jumped the week leading to the May 11 shareholders meeting. I think you are underestimating the DANGEROUS and SICK VOLATILITY of penny stocks. Many INVESTORS here don’t believe this company will ever fly HOWEVER we all believe that one of these day the RIGHT PRESS RELEASE will send pps flying and this is the day many of us are waiting for to FINALLY CASH OUT! Anything is possible with penny stock. Look at CYNK

Penny stock soars to $6B, and even the auditor is perplexed
https://www.cnbc.com/2014/07/10/penny-stock-soars-to-4b-and-even-the-auditor-is-perplexed.html

Trading in shares of Cynk Technology Corp. was suspended Friday in the loosely regulated over-the-counter market, amid concerns about possible market manipulation after a 24,000 percent surge in the stock price in the last month.
https://www.google.com/amp/s/nypost.com/2014/07/11/trading-suspended-after-penny-stock-jumps-24000/amp/

Were there 9.5 billion shares outstanding when it was at 14 cents pps? Nowhere near.