Replies to post #15614 on Baltia Air Lines Inc. (fka BLTA)

[mikesltj23]

I thought the shares are only restricted for two years or something like that. And I thought I remembered reading that Igor was pulling in millions in restricted shares for years and years. By that estimation, Igor's already cashed in millions of dollars on an airline that hasn't flown a single commercial flight. Don't get me wrong. I'm in this for the long haul as a go big or go home investment, but after following this stock for years now, it is starting to seem more and more like Baltia never intends to get this off the ground because they're making plenty of money off us dumb investors. I have no agenda other than I want to make money like most of you. But it's just the same old song and dance day in and day out.

[flaflyersfan]

old and wise, BLTA was deemed fit by the DOT in December 2008 when they had no debt, plenty of unissued stock to use if needed, and a much higher share price. One of the conditions to remain fit was to maintain that financial standard.

The SEC filings show that they have not. IMO it might be one of the huge stumbling blocks that the company is not talking about.

Good luck.