It appears the votes are in, the majority have won the day, and the rest of BLTA shareholders are being encouraged to attend the SMH and wave the flag and provide the backdrop to the new vision. Nice to know headed into the meeting that your vote, if you don't like the proposed arrangement is an exercise in futility. That is the way the system works and it must be respected. I have no issue with that.
It was stated here numerous times BLTA does not even have to hold a meeting but because the new management is different, they will because they care, and then it is stated the vote is in, your vote counts for nothing. You will be getting a menu of sorts but no matter what you choose, everyone gets the same meal, whether you like it or not. I guess the BLTA shareholder meeting is just for show, wave the BLTA flag, unveil the new name, pump the stock and wait for first flights in 2018. A lot of hype will be needed by BLTA management to push that share price higher after the RS occurs and at what ratio it occurs at. There is a lot of dead air between now and then. Hype hype hype is the key message.
Maybe the right thing can be done here. BLTA management can show how much they care and ask for a halt on trading until first flights and then release the stock for trading. That way all the hype hype hype can be released, no share price movement and once the schedule is announced, the sold out flights for BLTA (still BLTA until the meeting) revealed, the number of planes, then shareholders will have some real due diligence to chew on, not just a menu with no choices. Why try to sell shares in a business that is not a business? Oh, right, sorry.
