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the companies focus and direction has changed since Jan this year, with a reorganized BOD, members in different positions, attempting to accomplish it's goals with a new business plan.

http://investorshangout.com/post/view?id=3975882

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Good point and IMO a point that easily gets forgotten. Less than 8 months ago, the founder of Baltia passed away and was running the company himself it sounds like from the financial statement. This is a quote from the 10K:

Igor Dmitrowsky, chairman and president, chief executive officer and CFO, founded the Company in August 24, 1989. Managing daily operations of the Company had been his full-time occupation and executive profession throughout those years. The centralized control of the Company by a single person is being modified following his death.

http://investorshangout.com/post/view?id=3975923

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