Mr. Keeton, judging by your posts, it seems you do

Mr. Keeton, judging by your posts, it seems you don't completely understand share structure, so I'll explain the "Big 3": Float, Outstanding Shares, Authorized Shares.

1) Authorized shares: all shares that CAN be issued, but aren't necessarily issued. This is just under 5 billion for BLTA.

2) Outstanding shares: all shares that have been issued, and are thus owned by investors (including insiders). These shares may or may not be restricted. In Baltia's case, approximately 75% are restricted, since the float is 1B.

3) Float: the shares that are held by retail investors. These shares can be traded at ANY time, unlike private placement stock, which does not count toward the float. Once private placement stock is unrestricted and converted to shares through a broker (which, again, is next to impossible without huge equity), it counts towards the float.

OK, so let's make some simple deductions:

- The vast majority of shares are not in the float, therefore they're still in private placement form.
- Baltia does not have to worry about some sudden massive sell-off because a huge portion of the private placement shares are unrestricted, but have not been converted by the owners.
- LT owns over 300M shares, which he has converted from private placements, therefore the realized float is close to 700M as of today.
- A reverse split is totally unnecessary. Baltia's in its infancy stage of becoming an airline. It's still a fetus, but when it's finally out there to the world as a certified airline, it'll begin growing VERY quickly and the share price could quite possibly approach multi-dollars within a few years.

Let's address this: "To me when I see 4.81b shares I think to myself....hmmm gonna need a lot of trading activity to see a pps increase...or a reverse split or a buy back."

No. A buyback is completely unnecessary, as is a R/S because of reasons I mentioned earlier. There are several companies making under $100M in REVENUE that have multi-billion-dollar market caps. It's not at all impossible for Baltia to be a $5-6B company generating under $500M revenue in say 2-3 years.

Regarding: " I don't know but I can't see Baltia trading for .25 cents on 4.81 billion shares"

A ex-professor of mine had a saying for those who use the words "I can't see how..." or "I don't see how..." She'd say that it's not a reflection on the topic being addressed, it's a reflection on the short-comings of that person. For example, I don't see how we could have such a corrupt, violent, incompetent, useless, idiotic govermnent when we have the best universities and research institutions on earth; but alas, we do.