In 2014 I first wrote about Baltia Air Lines, which is America’s oldest startup airline. They’ve been in “business” for over 25 years, except they’ve never actually flown a commercial flight, despite having owned a 747-200 for over 20 years (which they finally dumped last year, after hiring a consultant who told them it might…
Continue reading: America’s Oldest Startup Airline Is Rebranding
Share your questions, experiences, and thoughts below.
I think we should all buy some stock, you can buy 10,000 shares for $13 and honestly the only place this stock can go is up (well it can also drop 1/10th of a penny but can't go below $0) think of the potential of it hitting $1 per share!!!!
Lucky, if you wanted to have fun you could buy $1.3M of stock and having a controlling interest in the company (1B shares).
But in all honestly please buy just 10 shares for $0.01 and then go to the meeting, as I doubt they are expecting anyone to show up besides the president who owns most of the company and just read your blog.
I'd buy 10,000 shares for $13. If we can't rename the airline, maybe we can propose a new slogan?
Baltia Air Lines: From Baltimore to Albany faster than you can say "securities violation"
Lucky: Have you joined the Golden Rooster club yet, they are going to be offering lounge access....
Do they have lounges for Federal Prison flights?
Why don't we all buy 10,000 shares and show up and start proposing these change, remember changes are made by those who show up.
I like the slogan: Balta Airlines: Your safety is our priority, and because of that we remain safely on the ground.
We could also approve a shareholder initiative stating the new goal of the company is nonstop flights to the moon. They have the same likelihood of that happening as flight to LED.
This is not a good thing, if everyone is jumping ship according to the recent 8Ks
Effective January 31, 2017, Conrad Kalitta resigned as a Director of Baltia Air Lines, Inc. (the "Company"). Effective February 1, 2017, Barry B. Clare resigned as Vice President and Director of the Company. To the knowledge of the Company's executive officers, the resignations of Mr. Kalitta and Mr. Clare were not the result of any disagreement by either of them with the Company on any matter related to the Company's operations, policies or practices that led to their decision to resign.
They also had to get rid of their independent auditor as the auditor's registration had been revoked
Scrudato & Co., PA
The decision to change Independent Accountants followed from the deregistration of John Scrudato dba Scrudato & Co., PA, by the Public Accounting Company Oversight Board ("PCAOB").
These seems like a really good company with strong financials and good financial controls....
Please don't actually buy shares. While its last trade was for about a tenth of cent, if someone here put in a market order to buy 100,000 shares (expecting that would cost about $130), it would not be surprising to see the price quickly jump by an order of magnitude or two and suddenly be on the hook for thousands of dollars.
supreme leader trump's new free market rules will renewed their hopes of being successful, without those pesky SEC regulations.
Fun fact? With $10500 you can buy all the shares... of such a ridiculous company!
I just bought 10,000 shares. If all the OMAT readers did the same, we could rename it Lucky Air (which I know is a Chinese Airline, but we could have one in the USA!)
@Lucky,
You really need to get yourself a 10-year consulting gig with Baltia to, well, help them segment the passenger market and develop their all-important loyalty/rewards program to ensure their aircraft flies with no empty seats. 🙂
If you want to join their frequent flyer program the number listed on the website is 718-917-8052.
http://www.baltia.com/frequentflyer.html
Having just spent an inexcusable amount of time on the Baltia website....this is everything that's awful and great about America