Baltia is a real company with an exciting business plan. The company has never has never jumped from one business to another and has never reverse merged!!!! The company has had bad luck with bad seeds in the financial community before. The story for the company hasn't changed except for the starting size of operations. A public company's currency is stock if there are no revenues, give the management of this company a hand for staying current with it's reporting duties and keeping their dream alive (no one works for free). The company is poised to raise necessary capital for the FAA and D.O.T certification. The company will pre-sell airline tickets approximately 1 month prior to receiving the final certification once given approval to do so from the D.O.T. and FAA. The company projects pre-sales of 2.8mm in airline tickets. Additionally, the company will try to raise 2mm in working capital. Before the first plane flies, Baltia should have close to 5mm in the bank. Baltia has a small office at the International Arrivals Building (terminal 4) at JFK and will have designated ticketing counters during times of flights. Baltia currently has a lease arrangement for one 747-200, an aircraft with a 98% reliability factor. The aircraft will fly non-stop from JFK to St. Petersburg, Russia, the only airlines to do so. The non-stop route is great for passengers as well as for air shipments (cargo). In some cases Baltia will guarantee same day delivery as opposed to 3 and 4 day delivery by Baltia's competition. The only thing lacking for Baltia is a little capital, they are not seeking tens of millions of dollars. They are starting on a small scale and will build from there. Remember, nothing can stop an idea when the time for the idea has arrived, especially capital!!!!!!! I like this one!!!! GO BALTIA!!!!!!!!!!
Remember Virgin started with 1 aircraft and so did Ryan Air, both airlines market caps are in the billions, Baltia's is around 5mm.....worth a shot???? I think so!!
Posted by weaseldog3 on :
One more thing,this was the last DOT/FAA filing for Baltia that I could find, dated 12/08/1999. Not the same picture that was presented in the recent press releases or by Bob Strom.
"Document Abstract Order 99-12-6 denies the request of Baltia Air Lines, Inc., for a waiver of the revocation-for-dormancy provisions of 14 CFR 204.7, and revokes the certificate of public convenience and necessity issued to Baltia by Order 96-2-51 authorizing it to engage in foreign scheduled air transportation of persons, property, and mail (Route 688)."
DO YOUR OWN DUE DILIGENCE ON THIS COMPANY!
Posted by valuefinder on :
RPID is a much more what I call today stock, the company has just completely restructured their balance sheet and is now profitable. Also trades at 1/4 of the value of their peers