The fault-finder will find faults even in paradise. -Henry David Thoreau
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Thanks for the update Firestream!
The point is BLTA is not a failure. BLTA is still in certification with FAA and still has the support financially to continue with certification. As can be seen from the previous 10Q, they were able to secure cash flow to meet all expenses for the quarter ($1,651,086) and have $14,940 left over.
Second, look at the amounts they have to raise and minimum investment requirements. IMO, people that have the discretionary funds to invest here are going to be careful with that amount of money. IMO, those giving money to BLTA have vetted the company for its legitimacy and still invested. Being there is only one or two people that report their share count (outside of executives), there must be an awful lot of people that have invested in BLTA. If something was off, there would be a problem getting financing.
Additionally, BLTA has been proactive in getting things ready for operations and advancement in certification by making contracts with other companies and employees. Some of the highlights include:
1. Increase in employees from 31 in annual report ending 12/31/14 to 71 employees as of last quarterly report
2. World Fuel Services contract for fuel services
3. Catering contract for in flight food.
4. Hiring ads placed in Russia for spot at Pulkovo.
5. Hiring of 3 pilot groups
6. hiring of stewards
7. Reception of IATA BQ
8. Reception of ICAO code BTL
9. crowdfunder started
10. Completion of Phase II
Lastly, they are working with government agencies. IMO, I would doubt they would put resources into certifying the company if the company was not trying to get certified.
IMO
The point of the stock market is to issue securities to fund the company to operation. BLTA is doing just that and is able to fund development expenses to certification. Right now the issue price and minimum investment requirements are fulfilling their purpose of keeping BLTA funded until operations.
IMO
Can you elaborate on "Toxic Finance"? BLTA is currently issuing Private Placement shares. There are many other ways that a company can fund their operations (loans, CPNs, etc.) that would accrue interest. From what I have seen, shares are sold with no interest payments attached, a lump sum is given in exchange for a set amount of shares at a set PPS. Seems to me the way BLTA chose to fund the company's development reduces overhead during development stage and will increase profit margins in operation by avoiding interest payments.
Can you also elaborate on "Whales stripped of control" I have no idea what this means.
IMO, I have not seen anything to suggest that, can you provide some support to that claim?
And thus far, BLTA has had enough funds to work through certification as can be seen by they are still moving through certification.
I would suggest to read through of BLTA's history. BLTA has not been in the certification process for 26 years.
The point is, they had problems that delayed their certification.
Check out Virgin Air's history on Wikipedia. It looks like it took them 2 years to get their certification through problems:
I don't understand this statement. How can BLTA be a scam if they are working with organizations such as FAA and Department of Transportation? For example, in 2008 the Washignton DC Department of Transportation granted BLTA certificate of public convenience.
Link here: http://www.sec.gov/Archives/edgar/data/869187/000116519509000005/order200937.htm
Some quotes that were interesting to me:
Good Morning!
Interesting, you are predicting BLTA PPS at $.10 soon?
Very nice, thanks for sharing. I am guessing the email is referring to the Cigar Family Community School installation. The subject line is interesting and the sender sounds impressed with WLAN's work. Looking at Caucedo's website, seems that would be a very nice installation and right up WLAN's alley due to their previous installations at boat shows and marinas. per Caucedo's website under about us:
I missed that. Thank you for bringing it up.
Interestingly enough, The annual report for year ended December 31, 2014 stats 31 employees. That is an awful big jump in 9 months.
IMO
Yet I see $14,940 ending cash balance (+$14,940 compared to last Q) as well as:
$5,730,374 Proceeds from issuance of common stock
$295,000 Deposit on common stock purchases
$432,730 Proceeds from short-term loans
(Per Cash Flows Statement from Quarter ended Sept. 30, 2015)
Based on the above, they are getting the funding to meet expenses and had more cash on hand than previous quarter.
I do not understand this statement. In the previous period, BLTA had $0 in cash balance. Now, 3 months later, the have $14,940 cash balance. Expenses for the quarters were $$1,891,562 and $1,651,806 in 2nd and 3rd quarter respectfully. If they were running on fumes, how are they able to fund expenses and have more cash on hand than last quarter?
IMO
If that is true, how come there are 52 flights that go from JFK to Pulkovo offered from at least 8 airlines leaving JFK on December 3 and returning on December 4?
https://www.google.com/flights/#search;f=JFK;t=LED;d=2015-12-03;r=2015-12-04
IMO
40 xun energy company forum active users right now
You don't lose your investment unless you sell your shares or the company goes under IMO.
at times, life needs a fast forward button.
That is one thing I would like to see more from WLAN, how they are developing current products. However, they are showing that people want the current technology and are gaining revenue. They seem to be expanding more international and seeing fruits of that from additional sales and working with other companies. Last quarter was their first profitable quarter, I am curious to see what this quarter looks like.
Hey emit,
I think we are good here. IMO, it looks like WLAN has been making progress and it showed on the last quarterly report. Looking forward to the quarterly coming out.
Agreed, BLTA is the Rocky Balboa of the airline industry IMO!
Very nice close IMO.
Agreed, very nice action today ahead of Quarterly IMO.
should we put a veggie platter out then? :P
Agreed IMO.
Nice find on the institutions hold BLTA
Since we are re-hashing old news:
PPS holding nicely at .0032 IMO
Honestly, IMO, its possible it could settle around there. Keep in mind, there are the following highlights coming up:
PR ditching complete
Proving Flights
Cargo revenue (will change financial statement ratios, EPS, etc.)
Purchase of another plane
phase III complete
phase IV complete
receive certificate
ticket sales
IMO
good or bad action?
And in the end will prevail IMO.
Agreed.
Go BLTA the Rocky balboa of the airline industry!
IMO
don't stop at shelby cobra, go for ford gt!
IMO, actually I see it that they had an eye on the oil and gas industry and took action to diversify the operations of the company to protect against the oil fall. Look at the industry, most companies that are strictly in the production of oil and gas are going into bankruptcy, reporting losses and asset devaluation, or closing doors because shale plays cannot be profitable at the current oil prices or price per barrel does not support direct costs plus overhead, have to stop production, and sell their assets to cover expenses. If Xun stuck to strictly oil and gas production, they would have ended in the same boat.
Instead, they have formed a new division, have potential deals lined up, partnered with other oil and gas companies as well as given themselves a little under a year to take care of growing pains. IMO, they have set the company to take advantage of the oil rebound through commodity trades. Additionally, they are keeping an eye on oil and gas asset opportunities to acquire with funding or financing. Per a response by CEO to a post on the Xun company forum:
Yup some of us still believe the Xun will prevail and expel all the negative Energy, and we will see a return on our investment. Some of us are still long on Xun, that the Oil Market will rebound and will benefit from it having been invested in XNRG.
(see what I did there)
Some of us are still belivers though.
XNRG
just putting the notification out to the board.