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  4. Baltia Air Lines Inc (BLTA) Message Board

I know nothing, just like most of us, but this tho

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Post# of 41414
(Total Views: 584)
Posted On: 05/08/2018 3:45:34 PM
Posted By: ctldave
Re: FlyUSGL2017 #39970
I know nothing, just like most of us, but this thought occurred to me. Let's say that there is a significant investor in the wings(no pun intended) that has been offered a deal to come up with cash to get this fixed. This person would have been offered a deal by Blta. Prior to the suspension, Blta was in a bind, but now seem to be in dire straits(also no pun intended). This potential investor is now in a much stronger negotiating position and could probably craft a better deal for themselves IF there is one that is interested. IMO, Tony did not let this happen. It happened because the company's financials are messed up, they are dealing with the $8 million suit for the plane engines that was forgotten about and who knows what else. They stated that the financials were done in November just prior to when the Songbird deal was supposed to close, which obviously it did not. Seems they did not have the cash to pay the auditor for their services, in which case they would not release the financials which easily have scuttled the Songbird deal. I know, all hypothetical, just sharing some thinking. IMO they cannot make this work without an infusion of cash, obviously.


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