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  4. Baltia Air Lines Inc (BLTA) Message Board

Let me shed some light on why the float cannot be

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Post# of 41414
Posted On: 08/20/2014 3:01:15 PM
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Posted By: Benster19
Let me shed some light on why the float cannot be very high right now. Call any broker out there, ask them if BLTA private placement stock (which constitutes the vast majority of the O/S) can be deposited. They will all say 'no.' So how in the world could there be a multi-billion float? Remember - the float is what's openly tradable. LT had to bend over backwards to get his shares deposited, and brokers have a HUGE monetary incentive to allow deposits of multi-million-dollar securities. They'll make a fortune off the commission fees alone once he decides to sell those shares. So again - it's next to impossible to deposit PP for anyone who doesn't have SUBSTANTIAL equity,


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