At least. On 4/22/2016 they issued 1,000,000,000 to themselves so that management would appear to have skin in the game. This occurred not long after they entered into a material agreement with ST George LLC. Which is another default nightmare they want to keep hidden. Along with the $9 mil Logistic Air bill, the $2 mil loan plus interest from Vic Bolanos, non-payment on last year's preferred shares, there is no telling just how much they owe Kalitta for storage fees on N706BL, the removal and shipping of the engines back to Logistic Air.
As part of the ST George of $650,000.00 loan, Baltia only got $500,000.00 from, another the Wall Street super genius agreements. Baltia also agreed to file timely reports with the SEC, not get suspended... see paragraph/section 4 https://www.sec.gov/Archives/edgar/data/869187/000116519516000057/ex34.htm
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