Replies to post #2108 on Baltia Air Lines Inc. (fka BLTA)

[avyas]

Can anyone here confirm the validity of the comments on the following 2 posts I found on Yahoo: (I will call myself tomorrow but thought i'd ask here quickly)
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Because there is alot of gossip and misunderstanding, I called and talked to Barry Clair [director of public relations, phone number 646-432-5919] this morning. The DOT right to fly HAS already been approved. The FAA certification has already been started. This should take about 45 days to complete. Baltia is closeing its private placement offerings at the end of this month. They already have enough money in the bank to pay for all certifications. Baltia will raise more capital with presold ticket sales. Barry Clair assured me that they have enough cash on hand to allow baltia to fly. The company has projected with one airplane revenues will exceed 60 million with only a 68% passenger load. A independent analysts has projected a share price $0.50--$1.00 during certification and $2.00--$3.00 upon flight revenue operations. The projected date for Baltia to be flying is FEB.--MARCH 2008. I hope this clears up some misunderstanding going around about Baltia. This news should make most of us happy. If your one of the ones that just want to bash Baltia, SORRY. If you don`t want to believe this report. Call yourself. Me, I`m gonna buy more shares.

AND:

There were a couple of things that I forgot to mention in my last message. Baltia is debt free and Mr. Clare said that he was going to move Baltia to the Nasdaq after the first of the year. Both of these are good.

[CSykes]

BLTA Pro Forma Fundamental Analysis..

I am going to put together a few figures for those who would like an idea of the potential value. I will be using the entire 300,000,000 A/S to come up with the values. The number of shares, fully dilluted will be around 230,000,000 however.


All figures come from BLTA's Pro Forma's from it's DOT filing.

Book Value 1 year

Equity $8,822,922/300,000,000=.029

Cash on hand

$4,051,000

EPS by Quater 1st year, 1 Aircraft
numbers are given based on a conserviative load factor

1st Quater $597,736/300M = EPS .002
2nd Quater $1,599,201/300M = EPS .005
3rd Quater $1,849,908/300M = EPS .006
4th Quater $4,632,571/300M = EPS .015

Annual EPS .028 X P/E 5 = .14 PPS

These figures are bare bones, worse case situation. The actual figures should be considerably more but I have provided a basis as to why the stock should trade .14+ based on forward looking events.