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  4. Baltia Air Lines Inc (BLTA) Message Board

If there are another 4 BILLION shares authorized t

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Post# of 41414
Posted On: 02/13/2014 11:39:20 PM
Posted By: fbodychaos
If there are another 4 BILLION shares authorized then Baltia drops to way below sub penny. It would literally be the equivalent of a 2 to 1 split meaning baltia should sell for less than .006 per share. That is scary and makes me rethink about buying any at all. Once the airline does fly the stock absolutely would need to consolidate at a reverse split of 10 to 1 at the LEAST. More than likely a 20 to 1 reverse split. There are way more than enough shares on the open market currently with NO need to increase authorized shares from a purely mathematical standpoint. I don't know much about FAA or even airlines as I have only ever flown military flights but I know a little bit about business and IF it's true we should all be worried. Turns me from huge supporter and believer to almost skeptic. . . Somebody got the cock some viagra so it takes off please


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