Replies to post #12584 on Baltia Air Lines Inc. (fka BLTA)

[GreekInvestor]

Quote:

"Baltia has lost its ROUTE AUTHORITY, Has $38,000.00 in the bank, has issued 1.8 billion shares and NO source of revenue other than to further dilute the stock."

1) By diluting the stock through additional shares sold, a company raises capital, not "revenue". Investing 101

2) No substantiated evidence supporting claims of lost route assignment. Completely baseless and misguided

3) 1.8 billion shares has enabled Baltia to accomplish the following (while positioning themselves to launch with little to no debt):

* Office and Gate assignments at both JFK and Pulkovo
* Acquisition of a Boeing 747-200, pristine and fit to fly
* Maintenance facilities, service and fuel contracts executed at JFK and Polkovo
* 4,000 pages of viable and legitimate SAI manuals have been submitted to the FAA for approval
* Much more listed at http://www.baltia.com/Summaryofsteps.html

Real meat... Nothing baseless about these accomplishments.