In a perfect world people would think that type of

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Posted On: 04/02/2015 12:38:39 AM

Posted By: Idiom

Re: The Lieutenant #13139

In a perfect world people would think that type of speculation is just flat out crazy, only this isn't a perfect world (yet) and something like that has already happened in the history of the airline industry.

Sir Richard Branson had an issue of sorts back in the early nineties with British Airlines.

Quote:
"He claimed that smear stories were being peddled around the press by Brian Basham , a PR consultant to BA, questioning Virgin's financial standing and Mr Branson's other business activities."

http://www.independent.co.uk/news/business/ho...77920.html

This happened over twenty years ago, so ask yourself, could this really be happening to Baltia Air Lines Inc. ? Or better yet, what ever happened to that PR consultant (Brian Basham) that was involved in the smear campaign on Virgin Airlines?

Wouldn't it be crazy if what happened to Sir Richard Branson in the nineties was happening to hundreds, if not thousands of publicly traded start up companies in the U.S.? That would really put a damper on Our Nations Economy, think about it, a company goes on the OTC Market in order to obtain investors and grow their business. How would anyone ever grow their business and hire hard working American's if nobody wants to invest in them. If something like that was ever happening, it would surely make Bernie Madoff's deception seem like child's play considering we're talking about a whole nation.

Before I go, here's Brian Basham twenty plus years later. Imagine that, he has relationship with Investors Hub aka ADVFN Plc (OTCQX: IHUBY)

Quote:
Disposal of Equity Holdings Ltd and Equity Developments Ltd
On 4th July 2012 an agreement was reached between ADVFN Plc and Bashco Ltd whereby Bashco Ltd acquired
Equity Holdings Ltd together with its subsidiary Equity Developments Ltd. Bashco Ltd is owned by Brian Basham who was the Chairman of Equity Developments Ltd whilst a subsidiary of ADVFN Plc.

Consideration is payable in cash amounting to GBP 200,000 due in equal instalments on the 2nd, 3rd, 4th and 5th
anniversaries of the completion of the agreement, which is 4th July 2012. In addition, a convertible loan note was issued to ADVFN plc by Equity Developments on the completion date of 4th July 2012 in the amount of £1 million maturing on 31 July 2017. The conditions covering the rights of conversion of the loan note to equity are as follows; If the cash consideration is paid in full within 30 days of the respective due dates but the purchaser fails to make the cash payment of £1 million on the maturity date (31 July 2017) then the loan notes will convert automatically on the maturity date to shares comprising 49% of the issued share capital of Equity Developments. Equity Holdings will retain the majority shareholding of 51%. If the cash consideration is not paid in full within 30 days of the respective due dates then the holder of the loan notes has the right to demand full repayment of £1 million in cash immediately on the default. If that amount is not paid then the loan notes will convert automatically on the maturity date to shares comprising 99.5% of the issued share capital of Equity Developments. Equity Holdings will retain the remaining shareholding of 0.05%.

During the year the directors decided that there was continuing uncertainty over the receipt of the payments from Bashco Limited, the acquirer of Equity Holdings Ltd and its subsidiary Equity Developments Ltd. The directors have
extended the period within which the first payment can be made to the end of January 2015. The directors have
therefore decided that it is appropriate further to write down the value of the option.
For further details please refer to the Market Risk section of note 22 above.