No, not to my knowledge, but Baltia did obtain abo
Post# of 41413
Posted On: 02/02/2014 8:41:39 AM
No, not to my knowledge, but Baltia did obtain about a 1 million dollar loan from Luis Bolanos (Board of Directors) - which was used to purchase N706BL - probably more like a little over 4 years ago.
I have been told (hedge) funds won't touch a stock unless the company has earned and reported revenues.
That Luis Bolanos loan is on the 10-Qs. N706BL itself is used as collateral for that loan (I guess if things went bad, Luis could park the 747 on his front lawn), and from what I know, interest accumulates until revenues are generated - then the interest (and possibly the loan itself) will be paid back.
I have been told (hedge) funds won't touch a stock unless the company has earned and reported revenues.
That Luis Bolanos loan is on the 10-Qs. N706BL itself is used as collateral for that loan (I guess if things went bad, Luis could park the 747 on his front lawn), and from what I know, interest accumulates until revenues are generated - then the interest (and possibly the loan itself) will be paid back.
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