They will be zero'd out because they will be completely worthless more than they are now.
There will be no new entity that would even look at this company. Why would they?
1.) no financials for several years 2.) no assets 3.) no operating certificate 4.) no DOT operating authority 5.) one failed business plan after another
SEC and Baltia are not talking. Baltia has not responded to any of their notices. Baltia is not talking to even their shareholders, at all. Baltia has said they will not fight revocation. The order will stand and be final in the coming weeks. Bet on it.
Tony can't show us where $100M+ has gone over the years, other than inflated salaries, 2 rusty old 747-200 airframes, a Citation business jet that **WHY?** they seemed to need to conduct business for a company with no revenue. Oh - and the $1M they scrounged up to throw away on a deal that was heavily skewed against them from the get go. That alone is curious. Was that by design?? Follow the money....