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Really. Shouldnt that be the other way. With what funds and why would a cert airline want them to be taken over? Lets see what happens
Whats the plan to raise funds for March 2018 target? How come that plan was not shared?
Where was the good news just alot of blah blah blah. What has been accomplished?
What happened to 5 cents projection after the meeting?
Heard that before....same story. What about accomplishments? What is the plan to raise funds?
Barry said the same thing in 2009 we will be certified in 3 months. Any accomplishments shared in the meeting?
It is my belief that the July 30 date is a tentative date based on them having the funds. They need this time from May 11 to July 30 to raise the funds. It makes no sense to me to delay the plane delivery and lease if they had the funds on hand, that would be what movies are made of a shareholders meeting a plane and lease on May 11.
Now the big question is.... how will they get the funds? Are they back to selling PP shares, a private investor, or new issue to the open marketplace.
Lets see what happens
Lets see if they deliver actual facts of accomplishments re the outstanding loan etc etc etc. Read my 8 questions I had a while back. This is why I dont like to raise the expectation so high re meeting and then a huge sell off potentially if no concrete fact of accomplishments are revealed. We gonna do this we are gonna to that blah blah blah. Memories of July 25, 2015 mini 7 comes to mind, lets see what happens
A plan is a good its provides us vision and hope but not reality of actual results. I am more looking for material fact and accomplishments.
Many questions still no answers, hope its not a string along smoke show today full of hope.
My 8 points still no answers. Will wait to buy new issue, obvious to me they will need funds to pay the lease.
They already had an accountant, why did they hire a new one? Why from Dec 2016 to July 30 to deliver a plane? I dont take this as good news.
So why then was a letter of intent to lease a plane signed in December?
I worry about the lease $ commitment.
and how it will affect shareholders. Personally i think they have to do a new issue to raise funds.
Can anyone remember what the monthly carrying costs were for the 747?
The recent run up grom .0050 is baseless. No news. No answers to the 8 issues. I like to see this happen but its on mere hope and expectation and hype. Lets see if they deliver tomorrow
You need a plane to train and start the process
Lets see how much new money they need in their plan tomorrow. How they plan on coming up with that. There are many outstanding issues i can expect to tomorrow. Lets see if I get answers or same old hope and excuses.
I just hope these guys have a plane and lease tomorrow. If not, look out below. Lets see what happens
I think the expectation was set so high regarding the shareholders meeting by other folks not the company, that any lack of development will tank the stock. The expectation for this shareholders meeting maybe already priced into the stock as the market is forward looking. I think it was wrong to pump up the shareholders meeting so high when we have not seen any developments with regards to the 8 points I listed in my previous post. Guys I am a straight shooter bull or bear, if I see no developments but just hype I cant be a part of it.
Lets see what happens.
Very good point Ak, its been over 2 months since the offering announcement. If such a great deal, why did it take 2 months and still not sold out? How will they continue if and when they sign a lease agreement. More and more looking like a new share issue, choover maybe right after all. I am not being negative, just the way I see it from lack of print. Lets see what happens.
I posted this on April 17, well at least I got an answer to point 1.
Before I get too excited and put more money into this....I would like too see the following:
1. What is the status on the $1 million
2. Where is the signed plane lease agreement
3. What are the carrying costs of the lease agreement
4. What are they doing to pay the money owed to the previous lender outstanding debt
5. Because the meeting is in a hanger, why didn't they announce a plane would be there
6. Where are they gonna get the funds to pay for the lease
7. How will the RS affect the PPS
8. Will there be a new issue of shares to get money to pay for the above
Yes its an exciting time, but ultimately would like to see some if not all points materialize and would like some answers.
Things on my mind before I commit to buy more.
Glta
The price is dropping because lack of print regarding the 8 points I made in a post last week. I think people remember the hope of mini 7 in july 2015. Lets see what happens anybodys guess.
Good post well done
As I said I need to see and read actions not words. Not from anyone other than the company in print.
The stock has not rallied significantly because there is really nothing new in the pr except for the name. We knew of the name chg, we knew of a shareholders meeting, we speculated about an rs. They didnt answer to the issues I pointed out earlier today. If and when those isdues are addressed with actions not words only then will the market react not in a knee jerk reaction. Lets see where this thing goes
Before I get too excited and put more money into this....I would like too see the following:
1. What is the status on the $1 million
2. Where is the signed plane lease agreement
3. What are the carrying costs of the lease agreement
4. What are they doing to pay the money owed to the previous lender outstanding debt
5. Because the meeting is in a hanger, why didn't they announce a plane would be there
6. Where are they gonna get the funds to pay for the lease
7. How will the RS affect the PPS
8. Will there be a new issue of shares to get money to pay for the above
Yes its an exciting time, but ultimately would like to see some if not all points materialize and would like some answers.
Things on my mind before I commit to buy more.
Glta
I am worried about this. What other option do they have to raise cash?
Does anyone know if the offering is sold out?
If Mr. Eves has no money, he can borrow as many of us do and send us a message. Use a line of credit if such a great buy!
Time will tell but this is what I will say..... I would rather be on the long side with whats going on here and now
Can't wait til plan is rolled out and it hits the news $
Ya how bout a line of credit if 100% opportunity was great
Of course it will happen thats why they need the $1 million. Most likely part of the whole plan.
Does anyone know if Eves is buying in at .10? If he isnt why should I? If he believes so greatly about the opportunity as stated in the PRs, why doesnt he buy at 10 cents, that would send me a message that his words are not just fluff!
Does anyone know at what price the 7.7 million shares were bought at? If the market is 10 cts would there be a discount to market?
5 million on the bid :)
Pieces of the puzzle coming together.
1. Funding an issue - $ 1 million offering and then Felix the cashman
2. Plane - Kat
3. FAA - Shirley and letter from FAA
4. Compliance with SEC - bet that will be taken care of from the $ 1 mill
5. Build a strong board and mgt team - British airways man
Next announcement I am guessing will be they got the $ 1 mill and will announce what they are doing with it.
My guess....... over a penny or 2 before the shareholders meeting.
Lets see what happens....
Felix = the cashman
BB buying I am liking what I am seeing here.
I bet they plan to do that with some of the $1 million offering.
You dont have to be a rocket scientist to know where is going. The pieces of the puzzle are coming together nicely. I still think Connie is indirectly invovled and had to come of the board due to a conflict of interest. Mr. Lampl from British Airways, Felix with his influence and contacts in that segment of the market is just another piece BLTA needs for funding. This seems like its gonna be an exciting ride. Lets see what happens, I think we will soon here about the path and how to get to revenues shared with us in the near future. These guys have better things to do with their time if they did not see opportunity to make BLTA successful.
Also warrants included.