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I vote for corruption within the FAA or sabotage, they could have rendered a decision at this point.
I am re-reading that DOT filing, it has several wrong dates. Like a signature that is typed October 8, 2016 and a fast comment period that should say October 31, 2015 says October 30, 2016. Pretty sloppy for a "General Counsel"; but we are on a shoestring budget.
yes Robodog looks like you're correct; I don't know why the guru posters were acting like something was imminent and the board is being monitored and dangerously close to inside information or saying too much.
Is this the first time Baltia filed something like this or have they done this before.
Baltia is just determined to keep this pps down. Things they could have said and pps would have run up more, and now they look like they want the pps lower. I actually believe it is for something good.
We can't even be a takeover target now, no plane, no mini, no exclusive routes unless they get this frequency....just a non-flying plane.
I believe it will happen, just thought we were farther along.
Go Baltia!!
position long and strong purchase
That DOT thing says winter of 2016 (January) which implies another mini and proving flights in October, November and December. What else would take three months. And that is if we're correct about January.
A mini can take 60 days and proving flights 3 weeks; so it seems they're going for mini no. 8 and that will pass. I read they can do as many as they want. It's one friggin G_d dang slide. Ludicrous.
you're saying that the guru's or those in the know, wish they didn't know anything because it's not happening as soon as we thought?
flaflyersfan, it will be granted in my opinion, I am more looking forward to Baltia to get a flying plane for air carrier certification.
Baltia basically implied that time is of the essence for the above mentioned sentence.
Oh, and to that poster that lied to us about slots at JFK...we now know you lied. Slots are available according to filing.
WE need that mini! and information about the mini! and we need it now. IMO
Position: Long and strong buy
Posters say we already have exclusive rights to Pulkovo (sp?) routes. Is a frequency different than a route?
Again, PR material but Baltia is doing strange stuff, for the good, and yet this is like potential PR number 5 they could have PR'd.
There is something else afoot.
hey troyal, they hadn't done mini's yet; they anticipated a pass first attempt...
They never filed one of these DOT things requesting a frequency. (I thought they already had that)
Baltia is looking fabulous now. It seems determined and real.
Position: Long and strong purchase
December 21, 2015 is first day winter.eom
very positive indicator of where we're at and intentions of Baltia.. I am going to re-read it again.
This is another thing they could have PR'd but didn't.
I'm making a list and I am beginning to think Baltia wants its pps at these levels.
certdog, that is awesome. I read the document and they are applying for winter 2016 and summer 2016.
I hope we get our air carrier cert fast and they did write the mini and proving flights in there.
G_d I hope they successfully completed the mini.
Position: long and strong purchases
FlyBaltia747, I always read your posts; but, I don't feel like today is the day.
pps low for a reason (a good reason, imo)
They could have PR'd about FAA
They could have PR'd about recurrent flight training
They could have PR'd about three crews instead of two
They could have PR'd audited financial statements
They could have PR'd this 506 (c) schedule D filing
For some reason, Baltia wants the pps at this level and with more dilution it will go down some more, IMO...but will eventually sky rocket.
Youlie, the schedule D is fake? You're usually a positive poster; so why would you say that. Please respond.
Thankyou JohnnyDrama12. Most helpful eom.
Robodog, I only understand that the $10,000,000 will be debited to some version of a cash account and I don't know how it affects stockholder's equity section of the financial statements.
Carsmax177 should know the accounting entry.
Will it dilute our shares some more? Or is there some other arrangement. I don't think Baltia would give accredited investors shares lower than the .004; but I think they would pay more per share because they're accredited.
Also, we know it isn't debt; because, they checked the equity box.
With Batia's anticipated revenue streams, Baltia feels comfortable about its share structure and is being very careful of its debt (this is awesome)
position: long and strong purchase
It's like there is a $5 black jack table and then there is a $20,000 black jack table. Those at the $20,000 black jack table are probably different then those at the $5 dollar black jack table. I see this as a good sign too, because Baltia needs start up funds for their proving flights and certification and hopefully not another mini (but it wouldn't be the end of the world...just time) Very very priceless and precious time.
Thanks Robodog. OMG that's alot of fuel.eom
speckulater, we're lucky they're doing a rule 506(c) since that is to only accredited investors; and each investor has a minimum investment amount of $20,000 which tells us Baltia is being talked about among accredited investors.
Great reference Carsmax177. And our Baltia is getting $10 million a lot more than his costs post. This filing is very good and looks better now. IMO. I hope you think it is good too.
yes Kicks69, that is how I am reading it and thinking about it. I wish choover or speculater or emit or others would tell us how much costs are for prooving flights and how much is another mini (that we successfully completed, imo)
flaflyersfan, the filing says this is the FIRST reg. D they are about to do..they can't have others because they say it's their first one. I don't know what private placements people are talking about when Baltia is doing this for the 1st time as per the filing of the form D.
How much does a mini cost; but I think they completed that nightmare and are moving to prooving flights with three crews and lots of fuel for 50 to 100 hours of flying during the proving flights.
We need one of our aviation gurus to post about this.
Agree mrlahjr..but maybe Baltia can be the buyer or a merger or they can just be the next huge air lines. Wow, imagine getting this close to getting into an oligarchy.
pfgolf, with this new filing things look a little different. Clearly Baltia knows it can get the $10 million with a $20,000 minimum investment. They're not diluting the shares and the shares authorized are 7 billion; so wouldn't have to pay on 8 billion only shares outstanding.
Totally agree kicks69 minimum investment is $20,000. To get those investors, they must have something very positive happening.
We need the aviation guru's to come post about the $10mm dollars.
How much is another mini or better yet; how much is it to do proving flights for three crews and 50 to 100 hours of fuel.
Please post you aviation gurus!!
just a learner, but this is wonderful because usually to raise money they sell shares into the market and this time they're looking for accredited investors for equity and a minimum of $20,000 is required.
If I had $20,000 I'd do it; clearly they're looking at accredited investors.
Further, it's their first time doing it this way. I bet they don't want to flood market with shares to raise 10 million at .0038.
I look at it as positive because if they need 10 million, their preparing to do something big.
emit is going to win the bet tomorrow, the price will go up with this new filing.
YAY BALTIA!!
position: long and strong purchase
Went to SEC website found this filing you posted about and it looks like they're raising $10,000,000 with a minimum investment of $20,000. Their form said it's equity and said 1st sale yet to occur when form asked if they did this before.
Business Combination section says this particular offering has nothing to do with merger, acquisition or exchange offer.
They aren't selling shares at this pps to get $10,000,000.
Does this mean new mini or proving flights financing?
Since the minimum an investor must invest is $20,000, they're looking at accredited investors millionaires.
Maybe they did pass the mini, I don't know if they'd raise $10 mm unless they knew they passed the mini.
And the question the SEC asks is if this particular offering is related to a merger, acquisition or exchange offer; but that doesn't mean that it can't happen.
Maybe they want to buy back shares to lower float.
I like this better than Baltia selling shares to raise 10 million we'd really have a huge jump in the outstanding shares. This is a better way to raise money. It looks positive.
troyal, I think we have people that know the air line industry and aviation and if they say that the Eastern Michigan FAA wanted to fail us, we would have heard the next day like the six mini's before number 7.
If it takes 60 days, the FAA has had their 60 days.
And remember, this is a very very valuable international airline company if it had a flying plane.
Also, remember, if there is a buy offer on the table we the shareholders are treated equally as the management.
I find it very difficult to believe that Igor would accept anything less than $5.00 because he has a billion shares. What is 5 cents on a billion shares..they've put 21 years into this and getting this far with the air line....nobody is accepting 5 cents. And think about those who bought at .07, how would that be good for them.
I somewhat like your other post but the amount would be much more because the CEO is not taking 5 cents for his billion shares.
The FAA Eastern Michigan recommended a pass and because of one slide, responsibility of the vendor, they can't fail Baltia. It's in the fine print of FAA protocol, they can issue a pass and begin proving flights.
And why did we hear immediately the results of the other mini's but not this one yet.
Sometimes we can use logic and reasoning and deductive reasoning to give us answers.
YAY BALTIA!!
position: long and strong purchase
troyal, the FAA Easter Michigan gave us a pass for the mini and recommended to DC to give us the go ahead.
I can't stand the thought of Baltia being the Maytag man awaiting a phone call from the FAA. FAA is taking way too long on this decision and should have already given a verdict.
I believe Baltia will not give up and I also believe these mini's have given them sooooo much trouble that they want a buy out or a merger.
If I wanted to keep the stock price low for somebody buying shares to lower the float, I wouldn't release PRs to increase the pps; because I'd want as much of my float and outstanding shares retired to get a good premium on the current pps and the valuable intangibles Baltia has.. $5.00 per share is my guess... unlesss it's a stock for stock transaction and we wake up as one of the bigger airlines with flying planes.
CEO and other directors will not accept a measly .05 buy offer..it's absurd...remember they have shares too.
position: long and strong purchase
The FAA cannot get tired of its job. This is their job. Further, if Baltia didn't complete the mini successfully, the FAA would have been happy if we're listening to your post to which I am replying.
Your post should be deleted...unnecessary roughage and personal foul.
YAY BALTIA!!
position: long and strong purchase
Something has to be going on; because Baltia could have PR'd the audited financial statements and pps would have run up a little; further, Baltia didn't PR the recurrent flight training with the three crews at Kalitta (sp?).
Two PR's that would be valid that any other OTC stock would certainly PR; but Baltia stays quiet.
Deductive reasoning: there is a reason for their silence....a very good reason, imo. We need to be told something from Baltia. Shareholders need information from the company.
position: long and strong purchase at these prices
The pps is not factoring in a pass. That's obvious. I thought it was factoring in a "maybe"; but it's seemingly solid in this range; but could be slipping because of the FAA.
YAY BALTIA!!
position: long and great purchase at these prices
On the surface it looks like somebody is wasting time. Just because they have to get results from the mini from the FAA is not a reason not to plan another while you're waiting.
When we're waiting for something, we usually find something else to do like prepare for another mini as much as possible so you don't have to start the process if the FAA wants another mini or a mini mini.
The instant Baltia gets the word, they'd be able to begin the mini because they would be prepared. Baltia can't just sit there like the maytag man waiting for the FAA to call.
position: long and strong purchase
True Herringaid and this has been in progress since 1989...time to fly. imo
position: long and strong purchase
Okay Investorbyday, point taken; however we don't know the float; so we don't know what a premium price would be and there are stock for stock transactions and I'm factoring the buyer would be buying up the shares on the QT. Then the float is normal and it could be a stock for stock or 1 for 2 or 3 or 4 or 5 or 6 or 7 or 8 or 9 or 10 shares.
It seems like we would do better with getting a flying plane and FAA certification; but there are many factors we don't know. Primarily, we don't know the float and that is the most important number to us.
We know the authorized; but everybody knows it doesn't mean that is the float.
position: long and strong purchase
Robodog, hopefully because of the pps when we get that pass for the mini; or if we get bought for a certain price per share. Management is looking out for them and their shareholders; and I believe if there is takeover potential, the stock price will be incredible... in the dollars not just a few cents. It feels like we're in a quiet time before a possible merger; because Baltia didn't PR their audited financial statements and not all investors actually check the SEC website daily.
When they didn't PR the audited financials they kept the stock at around this price for a reason. We can all think of many reasons. But it's like a quiet time; because they normally would have PR'd audited financials, so maybe they have to be quiet.
Baltia has too much potential revenue to be a cheap takeover possibility.
I am buying more at these prices and you have an awesome position.
We just need a friggin flying plane to realize our potential.
Position: long and strong purchase
Robodog, yes it is just a hypothesis; because big companies are known to get bigger when they buy the competition.
Oh, we have our shares and if there is an M&A in the works; we would hope Baltia's management wants the best price for the shares. If it were a stock for stock transaction, we could wake up one day or get halted mid-day for an announcement and if it were a stock for stock with UAL, our shares would be worth $58 to $60 per share immediately; if it is another big airlines, and its a stock for stock transaction we'd be trading immediately at their prices.
If it is money per share, we'd get that price for our shares.
Baltia has been working on this since 1989, I presume they're ready for action.
IF Baltia is a takeover target; we don't know who is buying these shares at these prices everyday; but it helps to get the best prices for the investors and management's shares. It is very good this stock is in .0037 to .0041 range....makes a potential buy much more lucrative with the lower float.
If current management is really wanting to run and manage the air line; then we wait for FAA and the revenue streams to begin and our pps will be whatever it's going to be, but it will run and then run again until it reaches a price that it deserves for being a cash cow.
IMO.
It is a huge win for us either way.
Position: long and strong purchase
Because Baltia is almost a perfect acquisition based upon its cash cow (future revenue streams) and if those revenue streams are to be realized fast, only another air line could make that happen because they already have FAA approval and approved planes.
I am not saying we won't have the same management. We can have the same CEO and officers and directors if Baltia became a subsidiary of a parent corporation; because, then it's a win, win, win. Win for Baltia, win for acquiring air lines and win for the stockholders.
Robodog, if you had your own air lines and you saw Baltia with its awesome future of being a cash cow, wouldn't you want to buy her?
I figured there is a way for Baltia to keep its executives and officers and that route is to become a subsidiary for another air line company that is already huge but needs immediate revenue.
If another air line company purchased Baltia and agreed to keep all of the executives in place, Baltia becomes a subsidiary (its own company) but with revenues flowing up towards the parent company and yes it can have its shareholders too.
There are many ways for Baltia to reach her potential without being hog tied from the FAA and the fastest way is an acquisition or to be acquired in a transaction...but the most important thing is that the potential company must have planes already flying!!! (that is our only thing holding us back.)
Baltia is beautiful with her no toxic financing, no bad derivatives with fuel, no contracts with employees, great fuel price potential, and it just has a large shareholder base. It already has the routes, agreements in place, an office in Pokolov airport in St. Petersburg Russia and many other great qualities.
Maybe a reverse merger where Baltia is the acquirer in some complicated stock transaction...but a great price on the pps.
We NEED a friggin flying plane and Baltia could realize its revenues now and no more wasting time!!! That is why I think about it.
Either way, with our approved plane or some other air line company's approved fleet would be a win win win transaction.
Position: long and strong purchase