Replies to post #96904 on Baltia Air Lines Inc. (fka BLTA)

[phl08]

Imagine if every publicly traded company decided not to release legally mandated SEC financial filings. Your opinion, in this case, has little basis in the reality of running a listed company. It's only a maatter of time before they are forcibly de-listed.

Baltia is non-compliant. Period. This should be their highest priority right now. Tony said "in a few weeks" on November 14th, 2017. Here we are 13 weeks later...crickets.

There's no way that any potential investor is going to sink a penny into this company without up to date financials. So unless they have their own cash stash, I really can't wrap my head around what their end game is.

lagunaseca1 Tuesday, 02/13/18 01:07:12 PM
Re: certdog post# 96895 0
Post # of 96904

Tony is waiting to release the financials with positive news. The financials are horrible and releasing them alone would absolutely put the PPS in the trips. Tony is waiting for a glimpse of positive news in hopes that it will balance out the negative numbers. It’s his only play.

[phl08]

What makes you think so? Seems that Aerline gained $1M because BLTA failed to meet their end of the agreement. The deal wasn't closed on time. 3 weeks after the "in no event, no later than 10/31/17" deadline had passed, the 8K was published that the deal was dead.

If BLTA had the money, Aerline would have done the sale and BLTA would have an operating certificate. Aerline only stood to gain more if the buyer actually had the funds. I don't believe for a second that BLTA decided at the last minute that it wasn't the right deal after months of negotiating and hoopla in their public statements, and just a week after Tony telling Shareholders that the company was committed to the deal.

Aerline was contractually within its rights to cancel it. "Plane" and simple. They got $1M for basically nothing.

Robodog Tuesday, 02/13/18 02:27:48 PM
Re: Small Time Joe post# 96891 0
Post # of 96905

Nope...Songbird is pretty much worthless. Aerline lost a lot more when they killed the deal.