Posted On: 05/20/2016 5:30:38 PM
Post# of 41414
It just confirms for me that Baltia is not a scam .
They have to many agreements signed off on to be playing games as others insinuate.
And this if I understand correctly just backs that up, these officers have agreed not to sell what they were issued until certification and revenue flights, it is dated 2012, of course I am no legal guru lol.
10.16 - Contract affirmed by Board resolution affirming Agreements between the Company and its officers agreeing not to sell the shares issued to them until the Company receives FAA Certification and commence its revenue flights. Incorporated by reference to Exhibit 10.16 to Baltia Air Lines Inc.'s report on Form 10-K for the year ended December 31, 2012.
This tells me that those shares are worthless unless they get certified and flying which is putting their money where their mouth is.
They have to many agreements signed off on to be playing games as others insinuate.
And this if I understand correctly just backs that up, these officers have agreed not to sell what they were issued until certification and revenue flights, it is dated 2012, of course I am no legal guru lol.
10.16 - Contract affirmed by Board resolution affirming Agreements between the Company and its officers agreeing not to sell the shares issued to them until the Company receives FAA Certification and commence its revenue flights. Incorporated by reference to Exhibit 10.16 to Baltia Air Lines Inc.'s report on Form 10-K for the year ended December 31, 2012.
This tells me that those shares are worthless unless they get certified and flying which is putting their money where their mouth is.
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