And to answer your question...no...Baltia as a com

And to answer your question...no...Baltia as a company is not selling shares on the open market to raise capital.

For that matter, nor are its key employees (who have been paid in shares for quite some time now), directors, etc. - they have a written agreement not to sell until after Baltia begins earning revenues.

(as a matter of fact, I have no idea who would actually sell right now, but the truth is that the volume is quite small right now for the huge potential that this company is presenting).

The only way Baltia is allowed to raise $ is by selling Private Placement shares....hence the reason for the billion share increase as of late.

I have been told by experts in the field (brokers) that starting a company this way.....raising capital by issuing shares....is actually a very common practice. Once, of course, the company starts generating revenues, then the focus will change to growing the company, perhaps borrowing from banks (what bank is going to lend money NOW to a risky start-up with no revenues in this tight credit economy? That can only come later when Baltia can show a bank a solid income statement), and later........buying back shares (I prefer a share buy back by the company over a reverse split anyday).

At any rate, my thoughts are that Baltia will be certified sometime between Thanksgiving and Christmas, and I'm 50/50 about first flight to St. Petersburg before the new year (although if not 2014, then I feel very certain it will be sometime in January of 2015).

I say to you as well.....hang in there. I have made an offer to the CEO that I will double my pre-proving flight check amount to cover fuel expenses if BLTA is trading at or above .05 by the time I put pen to paper.

Let's see if a little motivation will get the forces that be focusing on promoting the company and adding value to its market capitalization..........