OCTA FINANCE: BLTA Bullish Signal; 1,000,000,000+
Post# of 41413
" Baltia Air Lines Inc Bullish Signal Drago John A Increased Stake "
Drago John A has filled a SC 13D/A form regarding Baltia Air Lines Inc. Per Drago John A’s filing, the filer reported increased stake in the company by 14.40 % to 1,008,173,896 shares. Drago John A now owns 14.03% of the company. This form was required due to trading activity on October 30, 2015.
Baltia Air Lines, Inc. (Baltia) is a development stage company. The Company provides scheduled air transportation from the United States to Russia, and former Soviet Union countries. Baltia is in Phase III of the FAA Air Carrier Certification. The Company has two trademarks: Baltia and Voyager Class. As of December 31, 2014, the Company had not generated any revenue. Baltia intends to initiate service with its Boeing 747 wide-body aircraft carrying three-class passengers, mail and cargo in containers, on pallets, and in block space arrangements. Baltia has passenger service and ground service arrangements at JFK and at Pulkovo II Airport in St. Petersburg. Baltia intends to start the JFK-St. Petersburg service with one round-trip flight per week, which is increased to three round trips, and to five round trips.
Form 13D is SEC filing that must be submitted within 10 days, by anyone who acquires beneficial ownership of more than 5% of any publicly traded securities. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing. These filings may be a precursor to hostile takeovers, company breakups, and other “change of control” events.
http://www.octafinance.com/baltia-air-lines-i...sed-stake/