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They may not have a choice but to offer preferred stock to the open market. They need money to move forward with a new plan is my bet, cant offer pp shares, raising capital last year didnt go that well and high interest rate they may not be able to pay. Lets see what happens.
Just got back from out of town and have been out of the loop. Question 1 what was the reason why the Songbird deal got terminated was any specific truthful info shared with the public? Question 2 was a specific date released or range of dates for the financials to be seen by the public? Question 3 what is the path now can they go back to Connies plane?
Revisions/exceptions/date extentions are made is business all the time but to terminate tells me something else. I am not gonna step in here until I get specific answers in print from the company not hear say or call company investor relations, to what my instinct is telling me. In print!
Agreed some positive possibilities lets see how this plays out.
Imo there should have been a PR on Nov 1 the deal is not complete and this is why.....
I agree the change in direction in July to not go with Kat but with Songbird it seems was a for sure bet on Songbird. Now who knows whats going on. Its thats uncertainty thats creates or adds to the panic down along with the fact they did not pull through in October. Any update imo would be beneficial as I think negative is priced in already but saying nothing raises speculation that there is no future as all bets were on Songbird.
The money that was raised early this year I think it was 1 million imo should have gone directly to getting the books in order. Step 1 its from that sound concrete foundation to build a business and networks from.
If I were to guess its not money or funding that the Songbird deal did not close in October. It must have been some other obstacle such as the books or another 3rd party gov agency that held this up or another reason that we dont know of like the $8.5 mill lien but my guess is its not the $6.5 mill needed to close it. The reason I have come to this conclusion is that there are alot of guys wanting it to close and as a result a stock price surge.....guys like LT and others would want to contribute or use their business influences and networks to come up with or help out in other ways to get the $6.5 mill. It was in their interest to see completion and therefore see a stock price surge that would have benefited them and their portfolios as shareholders. $6.5 mill is not alot so I dont think it was money as to why Songbird did not close. My 2 cts
Update from the company as to what happened in October is in order. Lets see if we get that soon.
I am watching this closely here. Considering to request a meeting with Tony but will wait to see how this pans out during the so called quiet period.
Watching this very closely hoping they get it done.
I think Tony will send out a progress report soon. Just my guess lets see what happens.
Timing is right imo for Tony to provide shareholders with an update on progress. Its been 3 weeks since the last one and 4 weeks to go at the earliest to close the deal. It seems he and his team are determined to get this done. A few signals for me is the plane being in Arizona and the $1 mill released to the seller not held in Tony lawyer's trust. In the past 3 weeks I would like to read about the progress, this will provide further pps appreciation if positive hitting on the financials and some other outstanding issues holding the past investors from stepping in with confidence, lets see if they release an update.
That's a step in the right direction. Plane in Arizona, $1 mill released to seller. Factual. Pieces coming together....As more factual progress is provided I may decide to increase that small bet before Oct 15.
Lets see what happens
Is there proof this is currently in process?
But if they are successful
I am in. I have been through almost 3 years of pain. I would rather be in a little than 0. I don't wanna be banging my head against a wall in the event they close it. Its up to you.
Alot of uncertainty but I believe that's priced in the stock. I like a few things that were messaged to me and the fact Tony released $1 million to the seller. If their intention wasnt genuine then why release it to the seller keep it in escrow with their lawyer. I have placed a small bet in the event they are close thats why they released the $1 mill. Let's see if they succeed.
You maybe seeing some guys buying just in case they make it. Good volume today. I don't think it's new buyers as no PR. Just my 2 cts
There are alot of people watching from the sidelines who have given up because of the past. If they do execute, dont think these people will not be interested as some are waiting for results as I once was. As of today I own more than 10 million shares. Personaly speaking it would be a very sad day for me to go through the pain of the last few years only to see them execute and not have a small position. Let's see what happens
Yes I am in had to change my buy strategy.
I think one person can make a difference for example LT. You dont really know me. Lets see if they can get it done.
I have more to offer than that but sure will do.
Very poor decision you just stopped a 20 mill share buy order.
They should try and win me over. I don't chase anyone in business. Anyways I have read through some bulls posts and will place a small bet today on this Songbird deal closing. I am still skeptical and need my confidence restored. In the event my confidence is restored I promise it will be good for longs. In the event I take a loss its ok its a small bet.
I once owned over 100 million shares at an avg of .0058 I believed dearly in Blta then let down many times. Therefore would like to see actions not words as words let me and all investors down so I have my back up based on that. I have never shorted this stock I could b a short but don't want to as it will hurt shareholders if I do and maybe Songbird will happen if u guys r right and they pull through this time. Instead of bashing me because I want to see closure and results before I buy again and this time I may buy alot more than 100 million why don't papa and benster seems like these guys are in the know and influential here try and change my attitude re this time is different than the past having my back up it will benefit all investors if they take this constructive approach. I am open to talk in a professional business manner. Here is my contact info friends can also find me on Facebook to see what I all about. It was posted on the other board too lets see what constructive talk we can have.
George Kozaris
Cell 16472719931
Georgekozaris.com
What have to completed and closed this year to regain my confidence? Have they paid the loans do I know the impact of the RS have they disclosed why Connie resigned have they completed financials have they hit target dates did they get a plane they worked so hard on that path do both did they disclose why not where there funding issues or other reasons why not get Songbird and Kats plane on July 30 have they told me how staff is getting paid with shares and who and how many how they told me how and who will give the $5 million? No they have not so dont blame me personally my opinion at this time because lack of closed completed actions is negative. If I read through print closure and disclosure on the above then that opinion will change but only with actions not words. Looking forward to being a major shareholder may even give them a loan if my confidence is restored lets see what happens.
Hmmm what does changing paths, broken promises plane letter of intent moving out dates etc remind investors of? Same old story
Agreed I need to see progress and full disclosure on the 8 questions/concerns I had. To me words mean nothing. Let's see what happens in October if they pull through I become a buyer if not then maybe I become a big short.
Ya love it handsome
I will look at the 8k
Wondering will the $5 million they need for Songbird come in the form of a discounted to market share offering any update on that offering? If it's the old pp share type formula of 50 percent discount to market I maybe interested.
Any update on the 2 loans totaling over $9 million? It would be nice to know where these stand.
Does anyone know the time limit the Sec gives a company to get their books in order before suspending the stock from trading? Seems like it's taken longer than expected wondering why the continuous delay?
Looking to get back in this but I continue to watch lack of progress and no new developments. Same old story pushing out dates, new goals because what was said never happened and more importantly nothing on books in order or surprise loan apparently was forgetton. So for now still on sidelines. Let's see if Songbird happens or another excuse and date pushed out or another change in plan.
Sincerely feel bad for shareholders, especially guys like LT. He has been loyal and has helped them for years with his money, time and promotion. With this news, I dont blame him if he decides to stop all he is doing. There is an old saying back in the village in Greece, you don't milk the cow then kick it in the behind after you get the milk. Re no one knew.....Am I to believe in 5 years no one from the creditor had any communications with BLTA? The creditor didnt make one call or one email or one fax? 8 mill oh lets just forget about it? Just terrible! My last post guys good luck to you longs I was hoping for positive news re my 8 points in print to buy the usual 10 million share blocks but now 0 credibility in light of no one knowing :( I have seen enough.
Oh for sure now.
Became aware of $8.85 mill really? We are not talking 80 cents here. No one knew... ya ok. Speaks to credibility and business practices, any other surprises? Very sad news for loyal shareholders. What about the $600,000 loan from last year? Nothing in print on that. What else, who knows....Good luck on getting funding for July 31 with this news out.
Was this ever disclosed prior?
Why did Connie resign from the board? Any reason in print?
24 month up front payment good move Connie