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Why did Baltia PR recurrent training at the end of July and didn't PR recurrent training at Beginning of August with more crews?
Actually, I too am focused on the recurrent training (hopefully for proving flights) and I am a super fan of the audited financials as evidenced from my many posts and standing up for our auditor.
At least our auditor is in business and where is the Arthur Anderson number 1 world auditor?
That mini thing is important and we do need to successfully complete it prior to proving flights if I am reading the checklist correctly.
Or maybe they can just do the proving flights while they await the DC FAA.
Baltia put out a press release around the end of July announcing that recurrent training began for two crews.
Oddly, Baltia did not put out a press release about recurrent training on or arround September 8th.
Why.
It's really quiet and there has to be some type of hostile takeover or merger and acquisition attempt ongoing.
We know it's a cash cow and so does its future competitors, UAL, DAL, LUV,JBLU etc.
Tony would be the best person to have in the company to handle a potential situation like this because he has all the finance experience with the big investment bankers. IMO
When I look at Baltia's financial statements, there is always information about how they had to sell a couple hundred million shares to raise cash. But if you take those numbers from all the 10Q's it doesn't add up to 6.1 billion shares OS.
Is this OS their protection. Remember I informed the board of that phrase in the 10Q "net of cancelled shares" (could be a way to shrink their OS or a hint to us)
For discussion purposes let's say Baltia is a target company that vultures want to get, in this scenerio, Baltia will stop putting out information so that they can keep information from a potential acquirer and that would mean they keep information from us too; because they have to and not because they want to.
It very possible and almost a likely situation BECAUSE we have no NEWS about their progress... and they don't want their competitors to know about their progress.
WE have to trust Baltia.
We can agree we're waiting for something. Hostile takeover attempt, if so, we need a white knight to help us. A buyout, we are waiting for something.
I think Carl Ichan knows all about this and he is famous for buying up shares under the radar then saying hostile takeover.
I don't think so AKthisistheone. The longer it takes the more we passed the mini.
We need our peeps on facebook who live around there to give us some information.
We need the company to man-up and give us some information.
OMG, what if it's a hostile takeover attempt. Baltia is such a candidate.
Yum Kippur is in four days Sept.22 eom
We need an official update from Baltia NOW. eom
Mini, proving flights, inaugural flight, revenues. that is our focus, so lets stick to the mini that allegedly passed and the proving flights that will begin directly after the successful mini.
GLTA
LOL (even though it's not really funny because of the seriousness of all of us who are investors in Baltia.)
No toxic financing, I believe we're safe and market makers are being very careful with their manipulation daily.
Well, Robodog, that is awesome. I don't have that much but I am trying to get it. I totally understand your concern because people are trusting you and the DD...so here is the best sentence about our little audit issue:
Arthur Anderson (number 1 auditor in the world) until they gave Enron an unqualified opinion.
Arthur Anderson is no longer in business; but our little auditor is in business. That is the positive.
MM or Market Maker is the "guy" who makes each stocks market and handles the bid and ask.
When our stock runs upwards, our Market Maker will have trouble filling all the buy orders the demand. So he can sell shares into the market to fill orders. The rule is that MM cannot keep a naked short position any longer, they have to buy back the "phantom" shares they sold into the market to fill all the buy orders or the demand for the stock.
Baltia's Auditor and NYSE's Enron Auditor, Arthur Anderson, focus not on the auditor; but the fact a CPA firm was willing to sign that the financials are not materially misstated.
Oh wait, do we want fancy World Wide Arthur Anderson to audit our financials? Ooooops, they can't, they were found guilty in auditing ENRON.
Now, back to our mini, our audited financials and proving flights. That is our focus and hopefully Baltia can give the stockholders an update.
Thats not really what I meant to say; but I don't know what we are allowed to say; so I'll say this.
The SEC looks for any reason to ding any company that has a large NSS position, it took the SEC three years to implement an obvious regulation. "the naked short position must be covered"...and the more brave regulation that MM's have to cover the NS of the stock thats underlying an option.
The SEC employees were caught trading from their desks with inside information.
So if Baltia has an NSS position, or a regular short position, it is my opinion that the SEC will look for any tiny thing to mess up a stock that should be trading at a better prices and get the pps down.
Regulation SHO.
That is why Baltia is so good. It doesn't have a Toxic Debt NSS problem or regular short stock problem. At least shorts have to cover their shorts and they have to purchase them on the open market.
With Baltia, we know that if anybody shorts the stock for stock manipulation, they cannot just convert some minimal amount of their bond into a share and cover without purchasing on the open market.
THat is what I meant when I see the SEC going after a start up company's audited financials.
And hey, Kmart was shorted to low pps and they were a blue chip; same with Adelphi, and Enron (tons of NSS), and Tyco and on and MCI or Worldcom and they all had nice big audit firms signing their financial statements.
Thanks just a learner. The Marvel CEO, when it was coming out of bankruptcy, was adamant that his stockholders would be taken care of. He told us not to worry and he wouldn't cancel our shares in bankruptcy.
The stock was around a dollar... And we were in litigation with SONY at the time about Spiderman. No actor had been named to play spiderman yet.
That CEO took us from a dollar, gave us a generous stock dividend went all the way to $30 per share and then it merged.
There are CEO's who care about their shareholders, and we have to hope Baltia's leadership has the integrity and honesty as the Marvel leadership at that time.
Sure it's rare when the CEO actually has a conscience and cares but it happens.
I got the feeling that Baltia's management does care about its stockholders and do the right thing.
Thats interesting but not relevent. We have audited financial statements. A Certified Public Accountant did the audit. Nobody's CPA license has been revoked because of it.
Plus, the SEC seems to have some type of grudge against small start up companies on the OTC. IMO
finna_makes_gains, investors have such a difficult time understanding the vicious convertible debentures (bonds that are convertible to stock), that they have no idea how amazing it is that we don't have the toxic fiancing.
It took me almost a year to understand the details about the tremendous adverse effect these toxic debt finance vehicles are to a company.
Further, the company doesn't always understand or they're not even told by these vultures what they can do to their stock in the market with NSS.
yes you do care integral or you wouldn't post about it. I just had an awesome and on point response for you.
I'm shocked Baltia had any challenges getting their litte financial statements audited.
Absolutely FlyBaltia747, Look at our strength and where we're going! We friggin passed that mini and we're preparing for proving flights. Does a brand new air line start up company get any better than this.
This is what all stockholders have been waiting for..the pass and the proving flights and ticket sales for REVENUES FINALLY with the inaugural flight.
I know choover8059, it's an absurd discussion. But we need to address the topic for those of us who are worried and scared about our investment.
Support our company! It's a start up who is about to make it to the big time!!!!!
Position: Long & Strong Buy
I looked at their financials and they look really easy to audit. LOL
There isn't much to the audit until they have revenues. Then it will be more of a needed audit.
Focus on the mini pass and proving fights; because, that is what really matters to us.
The stock deficit is so patently obvious since they're raising financial resources with the issuance of stock (very legal and the way it's done) and isn't a shock to anybody reading these boards.
NO TOXIC CONVERTIBLE DEBENTURES IS SOOOO HUGE. It cannot be emphasized enough. It is a serious epidemic among start up companies and even large cap stocks (United Airlines).
Baltia's Tony looks like a formidable man and I'm pretty certain he does know what is going on.
At least we keep holding our base price around the .0049-.0052 level under this strange situation with no news.
We really do need a PR, not to get the share price up but to tell the stockholders the status of the company.
Position: long and strong buy
we need an update from Baltia on what is the hold up with the proving flight. During all this wait time they could have done another mini.
I'm focused on the FAA Eastern Michigan FSDO being responsible for Baltia's Air Carrier Certification and operations as reported in the most recent 10Q as opposed to DC being the hold up like others are trying to say.
I think the pps knows we will pass the mini and that Baltia is holding back information about our forward progress for some reason.
But there are those who have more information that we have and that is why the pps is sooooo strong without news.
We need spekulater to comment on the information in my posts that I got from the 10Q about who is responsible for Baltia's Air Carrier Certification and Operations.
And the recurrent training (ongoing) after they just did it in August.
I think they are doing the proving flights and that is why they have three crews instead of two.
With three crews to fly the plane, they can get the proving flights accomplished faster.
Then tickets can be sold and cargo and mail reservations in the Baltia's jumbo jet can be arranged for the Inaugural flight.
The 10Q has a typo, it is the FAA Eastern Michigan FSDO. Flight Standards District Offices. That office is responsible for Baltia's Air Carrier Certification and Operations.
Something is going on. The FAA Eastern Michigan FISDO is responsible for the Air Carrier Certification. PERIOD. That is what is says very clearly in the 10Q.
The Air Carrier Certification is issued AFTER proving flights. I think Balta is doing proving flights.
Baltia did everything flawlessly; so prooving flights then the FAA Eastern Michigan FISDO can issue the certification.
I think they passed the mini, Eastern Michigan FISDO wants the proving flights and then Balta gets its Air Carrier Certification.
And the pilots just did their recurrent training at the end of July Beginning of August; why are they doing recurrent training barely a month later and why three crews.
There is something going on and it is huge and it is a good thing, I just would like to know what it is exactly.
FAA Eastern Michigan FISDO has responsibility for Baltia's Air Carrier Certification and Operations.
It's as if the next PR can be ticket sales have begun for the inaugural flight.
There is something going on that nobody has posted about; because the Eastern Michigan FAA FISDO is reponsible for BALTIA'S CERTIFICATION and OPERATIONS. Nowhere in the 10Q does it say that Washington DC is responsible for the Air Carrier Certification and operations.
Plus there's that statement about "net of cancelled shares" a phrase used in buyback of shares.
Then we have this recurrent training for proving flights.
According to research here with good sources, the Air Carrier Certification is given after the proving flights. Who is responsible for our Air Carrier Certification, Baltia's 10K says its the FAA Eastern Michigan FISDO that is responsible for its Air Carrier Certification.
"In order to retire stock, the company must first buy back the shares and then cancel them." investpedia. Thank you.
"What does net of cancelled shares" mean.
During the six months ended June 30, 2015, we issued (net of cancelled shares) 644,433 shares of our common stock in exchange for services. The shares are not registered and are subject to restrictions as to transferability "
Is Baltia reducing its share structure in some way.
"The FAA Eastern Michigan FISDO has oversight of Baltia's Air Carrier Certification and operations. Upon completion of the Certification, Baltia will commence scheduled non-stop service from JFK Int'l Airport to Pulkovo II Int'l Airport of St. Petersburg." source: Baltia's filed 10Q page 8
Choover, or somebody familiar with this FAA certification process could you explain this statement.
"The FAA Eastern Michigan FISDO has oversight of Baltia's Air Carrier Certification and operations."
Why are we waiting on DC? If the FAA Eastern Michigan FISDO has oversight of Baltia's Air Carrier Certification and operations?
It has already been said that Baltia executed its mini flawlessly.
What are we waiting for.
Does that include their enormous debt and shares; because UAL is in a huge share buyback program. I'm talking 280 million for share buyback and a recently approved 3 billion share buyback program.
Maybe Baltia will buy back shares with its cash flow and no debt...and that makes Baltia positioned better for upside growth and better share price.
great point Carsmax177, I know it's huge. I'll try and find them
juseftl, it looks beautiful, our future pps could get there when we get our FAA certification and do the inaugural flight.
We are going to be the new American Air Lines and our growth potential and upside potential is bigger than all of our competitors.
From .005 to $20, $30 dollars, now that is what we call a ground floor opportunity. Baltia has to get us that FAA certification.
The information is in one of their 10Q's and it is precise. I'd have to read the most recent 10Q's. It's in the 1st or 2nd quarter 10Q. It spells directly their plans to acquire planes, how many and a time frame.
I'll read the 10Qs later.
Thank you..the level II is looking rather strong today. Coiled Spring ready to go up wildly.
I believe in Baltia so much that I pawned some jewelry to buy more shares I have a personal interest in Baltia being successful. I hope this investment is a good choice. Our family needs it to be.
Thank you everyone.
I thought emit said "mid" but you said "mid" somebody thinks I said "mid" but I'm new and have no idea about the mini thing. Mid includes next week too.. I guess the two middle weeks of the month. Anyways they have to start proving flights; so it seems we'll know soon enough. Thank you Firestream!!
Position: long and strong buy.
Thank you again flaflyersfan. How are we able to determine a time frame for our answer from the FAA I wonder. You don't have to answer; but just in general, it would be nice to know how much time it takes for an answer so we could compare.
speckulater, awesome update.. so it's pending and I think if they knew, they would have already said Baltia has to do it again..but they haven't said that and it isn't Baltia's fault about the vendor; so I would say pass them. Goodness, it's the seventh time...and it's mostly about the slides.
I see those things at every carnival. The big puffy slides are so fun to slide on.
Maybe they should get them from Carnival vendors because those always seem to work just fine.