Replies to post #102002 on Baltia Air Lines Inc. (fka BLTA)

[Small Time Joe]

THANK YOU, Very well said. All some of can do is hope for better.

[USGlobal4Life]

Delta, the SEC can and will soon cancel all shares. It is the only thing they can do. They can’t cancel certain people’s shares. I am sorry you were a victim of this.

[mrinvestor08]

Why did the songbird deal fall through?

Because they raised the deposit before even securing the rest of the funds.

Where is the new proposed plan we heard about 9 months ago?

There is no plan.

Where is the whale?

I think we know the answer to that one.

Why didn't they respond to the SEC letter?

They want this to get revoked. Respond as per your lawyers guidance and let them know what is really going on...or are they doing something sneaky?

How will they pay 22 million bucks to logistic? We cant even raise money to get the financials done.

If they go bankrupt they can start over fresh but we lose it all. I dont see any other way around it now that the lawsuit is public.

[integral]

Barry and Anchovy were too busy running an illegal, unregistered boiler operation peddling millions of dollars of shares of BLTA over the years out of a check cashing hut.

Many shareholders admittedly purchased shares pursuant to an exemption that required investors to fall under the definition of "accredited investors" as defined under Rule 501 of Regulation D. Many of these investors did not qualify and lied on a suitability questionnaire attached to the subscription agreement provided by the issuer.

The issuer has been delinquent for years, inclusive of financials not audited that were required pursuant to Regulation S-X. This makes Rule 144 not available to any selling shareholders and while delinquent, there was no registration available either.

Three consecutive auditors were sanctioned by the PCAOB, the SEC and their respective State Board of Public Accountancy.

The SEC is not going to have ANY compassion for the officers, directors, and shareholders who were complicit in this scheme to defraud unsuspecting investors. As this unravels, I would not want to be a shareholder who lied on questionnaires, and subsequently resold stock for a profit using an exemption that was not legally permitted at the time. Further, the SEC is not going to turn a blind eye on "shareholders" claiming to be innocent, when in fact they knew full well what they were engaged in.

I have been saying this for years, it is finally catching on. Do you think Barry proffered? Or did I call the PCAOB? Maybe both, maybe neither. But Barry knows a lot more about this scheme than I do.

[flaflyersfan]

Deltasaint, nice post;

Nothing will save BLTA stock at this point. Every share is about to be revoked and be worthless forever. 2 things I have said since the beginning about Baltia Airlines;

1) They figured out long ago that they could make more money selling stock than flying. Think about it; N706BL was a giant prop. Engines not paid for, could not pass a test 7 times, and the exclusive Russian route expired years ago. That Pro Forma forecast was a joke but people bought it hook, line and sinker and it cost some fortunes. The background of most insiders of BLTA including the current CEO were stock brokers. The one that was not a broker but sold stock illegally and made BLTA millions of dollars is definitely not in the clear yet.

2) Once the smoke cleared; people would be surprised that others were not who they thought they were. The key to a successful penny stock is getting people to think the company cares about shareholders and "we are all in this together" belief that the other posters are friends. Nobody twisted anybody else's arm to buy BLTA stock and many made money selling it.

BLTA survived a lot longer than most penny stock never generating one penny in revenues; ever.

Speaking of surviving; it is highly likely that the previous CEO has passed although there is no published obituary. BLTA did put out an 8-K but NY death certificates are not public info. If Baltia Airlines was honest about everything from day one, the above 2 sentences would have no merit.

Good luck.

[Monroe1]

It is good to hear an unbiased account of things.

So now I am left with this- SEC - please - for the innocent, allow Baltia to stay solvent. Let us elect a new board. Let us retire Igor’s Johns, russel’s and Barry’s shares. That should be enough for us to have the capital to get the financials done

As much as you all want to gloat or bash about what has happened, there are many more that have lost a lot here.... who speaks for them??

The SEC has wide discretionary powers and can step in and assist the shareholders and permit Baltia to reorganize after revocation. Will they do that, probably not. It would be a worthy effort for us commons to petition the SEC.

This is assuming the revocation takes place... which is most likely the case. It must be distinguished that this Drago indictment is extemporaneous to the issue of revocation. Although slim, it is possible the financials do get filed. From a legal strategy point of view it would be in Tony's interest to file them. In my opinion.

[phl08]

Delta -
Thank you for your feedback.

The signs have been ominous for some time now. It's even more obvious when posts on the message boards with valid questions about the state of affairs at BLTA get deleted and dismissed as a bash against BLTA.

Unfortunately, the remaining shareholders are screwed. Nobody should listen to any amount of cheerleader style pumping of any stock. The publicly available information is what should really count. Not some big shareholder's opinions and pontifications. Caveat Emptor to all.

Ironically, I'll be flying to St Petersburg from JFK next week. No, it's not nonstop and it's not on Baltia. But it will get me there on a solvent, reputable airline.

Deltasaint Thursday, 08/02/18 11:11:24 AM
Re: None 0
Post # of 102019
I have held off responding for quite sometime.... I am one who has been left behind. I consider myself fair in the face of both positive and negative bashing back and forth.... I ignore most posts because the repeating of the same drivel by the same people is well, a waste of time.... I for one actually made money on this company even though I own shares now.

I am extremely disappointed but not really shocked by the recent turn of events. I thought the idea was a great idea and it still is. The execution was so poor. I think that any business can succeed if run well. This was not run well.

Was this all a Russian laundering scheme to begin with? Did it start that way then Igor thought he could pull it off? Is this why even selecting the lapel pin was painful months? Was the FAA jerk from the original JFK submission on the take? Maybe a rival faction organization?

So now I am left with this- SEC - please - for the innocent, allow Baltia to stay solvent. Let us elect a new board. Let us retire Igor’s Johns, russel’s and Barry’s shares. That should be enough for us to have the capital to get the financials done

As much as you all want to gloat or bash about what has happened, there are many more that have lost a lot here.... who speaks for them??