Additionally, given the new supposed timetable, Baltia will need to sell a lot more shares to pay their ridiculous expenses (this is why management has to go - no need to have all these expenses if they cannot operate), thus they will most likely increase the outstanding limit of 2.5 Billion shares.
I also have a feeling that they will be paying Igor another 7-8 MILLION DOLLARS in shares for accomplishing nothing and putting this company in a much worse position then the year before.
When I invested, there were 600 million outstanding shares and both Barry and Igor said that they only needed to raise $1 Million Dollars and they would be operational. That was probably $30-50 Million Dollars of raised money ago.
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