Replies to post #99969 on Baltia Air Lines Inc. (fka BLTA)

[EmpireStocks]

Q3 2018 hasn't started yet. We're still in Q2.

The former management team would not have been able to liquidate their stock without filing publicly. On top of that, there is not a single broker on this planet who will accept private placement shares after the company stopped filing audited financials. Even in 2015, it was next to impossible to find a broker who would accept private placement unless the stock was .02+ per share. Why do you think half O/S is still restricted? No one will take the stock unless the company becomes current.

The info in Bloomberg Terminal or w/e financial terminal you're using for this stock is likely inaccurate given that it's showing former management as not owning stock. Their shares are in PP form, and still restricted.

[USGlobal4Life]

Ralph:

The info Bloomberg is reporting gets its basic information from Baltia’s SEC filings. Tony admits those are unreliable. This is speculation but there is growing anecdotal evidence that the SEC filings failed to account for a lot of freebie shares, passed out to the Baltia faithful for referrals and other “work”. The SEC is wise to this,