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Confirmed I have read the email received late this afternoon, thanks Robodog for that. Pretty much general talk folks.
I agree with Robodog.
Indeed Anvil knowledge shared yesterday was welcomed I am sure. Interesting to see whats Tony's plan.
Ok thanks for your feedback.
Certdog from your analysis and knowing BLTA situation and limitations ( from what is read in PRs ), is there any airline that sticks out to you like a sore thumb, on the radar, as a potential prime fit?
thank you I learn something everyday
Look at his resume
Can they go to the new director and his people for that? He has the contacts/networks maybe.
Look up the history of Porter Airlines their hub is Billy Bishop island airport near downtown Toronto. They dont fly out of Pearson the huge international airport. They started with few prop planes. Now fleet has grown. Looking to add jet engine planes. Maybe blta can pick up a few things from others.
www.flyporter.com
Currently on vacation internet is terrible.
I have a question for you guys in the Aviation business.
The airline industry is a global marketplace. We know Blta has failed 7 minis in the USA. There was some speculation that sabotage or BLTA was not given a fair assessment. This is what I read could be excuses who knows.
Q is ... Why is our Hub in the USA again? If a with 7 minis failed and the FAA indeed was not fair, why put ourselfs in a position to go back again through the FAA? ( Maybe thats why buying a certified airline was the path so not to get the FAA involved ). Why not Mexico city, Toronto, Rio, Hong Kong etc?
Would love to hear from Certdog and others in the know.
Also what other airlines that are certified in those countries are currently for sale or not for sale near breakeven or losing money that Blta can approach?
I maybe out in left field, but outside eyes looking in, thought to ask for some clarity. Thanks
In business, I always try and put myself in the other person's shoes. I usually gain an advantage having the instinct to see their position and motivation in dealings and negotiations. That being said, I will put myself in Tony's shoes with respect, although I dont know Aviation and his current obstacles, I do have a general sense of business and what I would do if I were him. He is probably working on, cant be done or have exhausted some points below but I will say it anyways. One thing about Songbird if they were trying to bully or wanted Tony to accept a plane that did not pass the check with flying colours, I would walk too. That may not be the case but just speculating....
1. Songbird - negotiate a deal if it can be done
2. Buy another airline like Songbird - if some member here can post a list please do so all of us can see what is for sale.
3. Look at the possibilities outside the USA, I know the name has been selected but if the FAA is giving us a hard time, lets focus on the world as opportunities exist I am sure.
4. We need a certificate, I dont care if a company for sale even has a plane, the big shareholders need to see that, I think after they see the cert, imo most likely they will want in to help get a plane, maybe easier said than done.
5. Look at junior airlines that are not for sale but close to breakeven or losing money, approach them.
Anyways, I am not in Aviation business so some or all of the above may not be possible or make any sense, before I go on holidays for 2 weeks and am absent from the board, I wanted to share my vision. I also wanted to disclose I am a shareholder and currently own 35 million shares.
GLTA
Waiting on preferred offering but may never get the announcement. I am also not fond of restrictions associated with pp
Still small Mitt if we get accomplishments then alot more than 10 mill but it can go either way zero or new path so for now not going in too big.
Mitt I just put in an buy order at .0017 for 10 million. I dont think these guys will ever give up but those of you who do you can take out my bid. Glta
Dont count that one person out :)
I had 15 mill on the bid at .0022 got 1 mill filled then noticed ask size building at .0028 then dropped .0025 then again .0023 so I pulled my bid to .0020. got 250k filled cancelled the outsrandung orders ask dropped to .0021 hit the ask 4.75 mill waited on the other 9 mill to see if desperate seller moved ask into high 1s but not significant ask size no price chg. Glta
4.7 at .0021 filled
Thank you
Mitt, I never enter a buy at market order, I just place a buy at a price based on where I am ok with paying and if it goes to $0 then its ok with me. I think with no news, most likely terrible financials, alot of negativity maybe already priced in. When factoring in the above and some other things, its worth a bet to me just in case they pull it off.
ok thxs. Will check with my broker left vm.
Anvil at end of day yesterday I did not have any open orders, this morning at 8am I told my broker to enter a buy. We usually see those yesterday after market late fills b4 5pm. but thx
I think I got a pre market fill 500k at .0022 I thought OTC doesnt allow pre market trading lol
For me, it was intially a bottom fishing casino type bet but yesterday it was brought to my attention about a news release in November. Something to the effect of confidentiality, other parties etc read between the lines. Thats about it. No one knows it could be nothing and it could go to 0, lets see what happens...
I think we have reached a pivitol point here. Either they buy another airline or its over. I dont think starting all over again is a good option if an option at all. My bet based on the mgmt determination of the past and never giving up is that somehow they do buy another airline. I am " betting on it " :) Lets see what happens...
I like the low volume .0023 to .0025
As I was having my coffee this morning I was thinking of Tony and what possibilities he maybe thinking of for this new path that they announced in November but yet to have the details of. Being in business myself, although not in Aviation but in real estate, I went through a brainstorming process charting pros and cons of any possible new path. Here is the conclusion I came up with, who knows if this is on the table its purely my speculation and makes sense to me being in business and a somewhat leader in my field. I do want to disclose that I currently own 18.5 million shares.
The path that makes sense to me cost/time wise is to try and go back to Songbird and if they lost the $1 million, offer them $5.5 million instead of $6.5 million, Songbird already has the $1 million on hand if BLTA was indeed in default. In real estate, deals fall through all the time, it doesnt necessarily mean the buyer/seller end it, they at times go back to the negotiation table. Or get another certified airline, buy them out, merge with them if Tony can, I think his best path is to go this way compared to starting all over again, if they get another certified airline ( not Songbird for whatever reason ), they start at the finish line ( being certified ) as opposed to starting all over again going through the certification process which takes time and of course money and uncertainty will they get the certification.
Anyways, that is what is on my mind and the fact that there are a few very large shareholders imo not willing to see this fail, along with Tony's determination it seems so far, never to give up.
Lets see what happens with these 3 options. Option 1. is best imo buy/merge with a certified airline 2. start all over again 3. fold through in the towel. Those are the 3 options I came up with I could have missed some, hoping its option 1 but you never know it could be 3, hoping for the best, good luck to all shareholders.
But unknown even more so, some path is better than none. Time will tell.
Ya most leaders will tell us that on the surface, imo in BLTA situation a stablization in stock price or uptick could benefit a financing issue. But just a thought...
I was 18.5 mill of that :)
Shorts do not want to piss me off :) very comfortable with my small position avg .0022
Lets see if Tony capitilizes on the momentum here
Nothing makes sense with these otc stocks. Either it goes to zero or they come up with developments. Usually I invest on developments but this time on instinct so buying what I can afford to lose. If it goes to zero I am ok. If they surprise us great. Lets see if anything happens....
Your right nothing dead thats why I placed a small bet.
Thanks lets see if something happens.
I dont watch sports
Mit, just so you know I filled 10,300,000 after 2pm and starting buying after I seen earlier trading volume and spike to .0024, your right nothing has changed development wise. Could be a bit of bottom fishing on the 10 mill that traded before I bought, who knows.
Looking for progress and closure on the following:
1. new path/direction
2. what happened to Songbird, why did it not close
3. financials even if terrible to be expected just release them
4. cash on hand and plans to raise cash
5. loans and liens
6. staff payments with cash or shares
7. when to expect a ticker change
I dont think it can get any worse and Tony's track record of never giving up that is why I placed a casino bet on Friday, alot of headwinds ahead, lets see what happens.....
If I can recall those r restricted cant be sold until certified
Just a bit more than $20k lottery ticket the other 10 mill order only 300,000 and change filled at .0020 expired. Small bet thinking we have seen the worst but no one knows.
If I see concrete developments then thats another story but for now casino bet placed and 10 mill and change filled.
Just after 2pm bid was .0016 to .0019, I liked earlier upside trading volume and took a small bet.
Tony imo needs to share the reason why Songbird did not close. He cherishes shareholder relationships they should not be left in the dark wondering why. There is way too much speculation and is negatively affecting the stock by not telling the market what happened. Who's fault was it, was it a 3rd party that stopped it, was it Blta, was it Songbird? My guess is it wasnt money related but just a guess. If it was Blta then just say it and move on, if it was a 3rd party or Songbird then provide an explanation. To be left not knowing is not the ideal position for the shareholders or for the marketplace.
I have been patiently waiting for actually developments before I buy alot of shares, unfortunately those have not happened therefore I will continue to sit on the sidelines until I read in print actions of progress. A new path is not a development imo, what I am looking for is a goal being set and then closure on that goal, if I look back at the history here, goals are set but no closure, then when no closure a twist. So for now, I will continue to monitor the situation, looking for closure on the financials, the outstanding liens and debt, funding, staff payments, a plane lease etc.
If I see progress then will committ a 50 to 100 million buy order, just a start.
Another option is I approach Tony directly and ask him for a preferred offering in exchange for a check, cash is always good to have on hand. But for now for me to buy commons is not in my best interest as there too many unknowns.
I wish them well, its not an easy task for them being a start up airline with many debts they inherited, lets see what happens.