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  4. Baltia Air Lines Inc (BLTA) Message Board

Not sure I follow this correctly, but why does BLT

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Post# of 41414
Posted On: 05/16/2016 3:10:20 PM
Posted By: jact
Re: stamfordcvi #26411
Not sure I follow this correctly, but why does BLTA or anyone care about hurting Striving's feelings? All of the information a couple of months ago on the bashers was somewhat interesting and enlightening, and Striving obviously put in a lot of time/effort, but it didn't get us any closer to the goal. I also spent a lot of time on it (conversations with Brad and others, letter writing, etc). ONLY the company can move things forward, not activist shareholders. As I understand, the company has an AIRTIGHT lid on ANY/ALL information. Is this what the FAA required? Is this from the SEC? Not sure, but that's what the company is doing and it's within their right. If they put out a release that the company is going belly up, they YES, we can ALL whine and complain, but I don't think that will be the case. What would be the point of the 1 bil share offering? What would be the point of taking on (potentially) recoursed debt? Don't you think at least one or more of the Execs are guarantors on the debt? Why would they do that unless they had confidence? And, more importantly, has anyone here been through this or a similar process? Do you know how LONG it takes when you get underwriters and lawyers involved in a MAJOR asset lease like this? Give it a rest.


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