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It was actually when Onspan Networking became Double Eagle Holdings... Before Drop.
•Formerly=Double Eagle Holdings, Ltd. until 11-2011
•Formerly=Onspan Networking, Inc. until 4-07
Capital Change=shs decreased by 1 for 11 split. Pay date=04/02/2007.
Just curious... are any of the Company Directors from back then involved with Fuse?
Not subzero hahaha... My mistake, as I was still contemplating the most recent 10Q... I meant to say sub-penny. I'm looking for the active ingredients and all I find is mention of Niacin and Caffeine on the website. Does anyone know where I kind find the full list of active and inactive ingredients in the Enerjel?
Not subzero hahaha... My mistake, as I was still contemplating the most recent 10Q... I meant to say sub-penny. I'm looking for the active ingredients and all I find is mention of Niacin and Caffeine on the website. Does anyone know where I kind find the active and inactive ingredients in the Enerjel?
I'm actually thinking of buying this stock. I don't own any yet but I've watched it for 6 months. I've also watched another penny stock that Jennifer Lopez promoted drop to subzero levels with a viable product. I'm always skeptical when celebs are involved but this one is traded on the BB with a decent rating so I'm intrigued. I saw the company notes on OTC, formerly Double Eagle. My mistake, I only skimmed the that post and thought the author was promoting other stocks.
An interesting read... http://www.propublica.org/article/what-do-50-cent-carmen-electra-and-shaquille-oneal-have-in-common-theyve-al
I'm just saying there are far more examples of celebrity involvement in penny stocks that fail then there are ones that succeed.
Thank you for the DD. I'm just in a bad mood today and I don't like Tiger Woods.
Why double? Is another reverse split in the works?
I said get "richer" quick scheme... Tiger is an extremely selfish person. This would be his way of taking care of his chronies without skimming off his own hip.
I did research... I looked at the chart and also the 10Q for period ending 03/31/12... has a whole lot of brackets.
So was this stock just a "get richer quick" scheme for Tiger and a few of his chronies? The 6 month chart is very ugly and volume seems to be tapering off over the last 2-3 weeks. I've seen celebs get involved in bio-performace type products in the past. They make a ton of cash on initial hype but for the little guy... it never ends well. IMO
In case anyone missed LT's post regarding his thoughts on Baltia's current funds, Private Placement and POC, here is the majority of his message. I thought it was a fantastic read of his opinion.
"Baltia has enough funds to carry us through....it is just looking for a comfort zone...some flexibility. I can personally guarantee you that" {a prior reference to $38,000 in the bank account}..."we were MUCH higher than that. I know we were well into 6 digits. I wrote the check."
"Baltia doesn't NEED the funding...they can make it through. However...at this time...some extra float will make them more flexible. And it is the perfect time...it was planned very well."
"With FAA approval practically in their back pocket...REST ASSURED..IT IS COMING...AND IT IS JUST AROUND THE CORNER..now is the best time to raise capital. Those of you who have purchased through private placement in the past will get a phone call from Norman....listen to what he has to say...then form your own opinion. This could be the best opportunity to get in just before things start to happen; and probably your last opportunity."
"Some of you already know why I keep referring to June 7th. For those who have been loyal to Baltia for so long, this may be Baltia's last opportunity to show their appreciation."
"For those who have only purchased on the open market, consider calling Baltia and ask for Norman. If you purchase on the open market, Baltia might not know who you are and you won't be a part of the upcoming opportunity. Just make the call and listen. Form your own opinion....but you owe it to yourself just to make the call...you don't have to cut a check if you don't want to."
"Purchasing shares on the open market DOES NOT put money in Baltia's bank account. The thing that purchasing on the open market does is raise the pps...which then raises the value at which private placement shares can be sold at. When you purchase through private placement you will get a discount from the market pps, and your purchase goes directly into Baltia's bank account to be used for future operations. Once the FAA passes us through the gate, there are plenty of institutions lined up to provide funding to "America's Newest Airline" ...you won't see another opportunity to purchase through private placement after that."
"All of my groups purchases have been through private placement. Combined our shares total is in the 8 digits. We are not employed by Baltia; we are merely shareholders like yourself. The difference is that we are local and have a big stake in the company, so we have an opportunity to have a toast with our friends from time to time."
"For those of you who have stuck it out this long, you owe it to yourself to make the call. Just hear what is going on....then make your own decision. Keep in mind....always invest with money you don't need, money you could afford to lose. But make the call......."
Just some great opinion from LT that I thought should be shared again per chance any new visitors to this post are interested in calling Baltia as part of their DD. We are in the home stretch IMO. Good luck to all BLTA investors.
U.S. DEPARTMENT OF TRANSPORTATION
FEDERAL AVIATION ADMINISTRATION
Air Traffic Organization Policy
Effective Date:
February 9, 2012
Section 4. ICAO Aircraft Company Three-Letter Identifier and/or Telephony Designator Assignments and U.S. Special Telephony/Call Signs
http://www.faa.gov/air_traffic/publications/atpubs/CNT/3-1-B.htm
Company : BALTIA AIR LINES, INC. (JAMAICA, NY)
Country: UNITED STATES
Telephony 3Ltr: BTL
I wanted to post this information again for any newcomers... Just in case "free dictionary online" doesn't update their definition of an airline.
U.S. DEPARTMENT OF TRANSPORTATION
FEDERAL AVIATION ADMINISTRATION
Air Traffic Organization Policy
Effective Date:
February 9, 2012
http://www.faa.gov/air_traffic/publications/atpubs/CNT/3-1-B.htm
Company : BALTIA AIR LINES, INC. (JAMAICA, NY)
Country: UNITED STATES
Telephony 3Ltr: BTL
Maybe someone should call the FAA and alert them that Baltia doesn't meet the "free dictionary's" definition of an airline.
The FAA has already reviewed the manuals in their entirety. It's my thought that the minor corrections to be made will be the final submission for approval. The 45 days is out the window. Apparently, having Senators involved really got the ball rolling. I'd like to personally thank LT for that.
I think 3 weeks from today the manuals will be approved and Baltia moves on to the next step in certification... Just my opinion of course.
Baltia finally has a response from the FAA regarding manuals progress of December's submission. It's my understanding that there is a scoring system for manuals approval and that Baltia scored very high on them with only a few minor adjustments to be made. I think LT mentioned 3 weeks turnaround time. I happen to agree with him. I have a feeling any minor corrections to be made will be completed quickly and the FAA will approve the manuals and allow Baltia to move on to proving flights, table-top exercises, etc. That's my take.
E
Update from www.baltia.com!
(In the 'About Us' page)
Dear Shareholders,
I would like to take this opportunity to update you on our progress with the Air Carrier Certification. We have been advised that the comment letter on our most recent submission is forthcoming. This is something we all have been awaiting. Our staff is standing by to respond to the comments in an efficient and timely manner. I’ll continue to update you of our progress.
Thank you for your continued support.
Sincerely,
Igor Dmitrowsky
President
Baltia Air Lines
Open a WellsTrade account with Wells Fargo... You will need to complete a transfer of assets form most likely. In the process now myself. Takes 7-10 business days to complete the transfer. I will follow up once it is finished.
Most firms do not allow transfer (electronic or paper) of assets under $1.00 share price (E-Trade, Scottrade). Fidelity used to allow it until April 2nd when policy changed on small-cap transfers. Minimum share price is .75 at Fidelity now. Something to do with risk management... Funny how it's acceptable to buy Baltia and much more risky small-caps on the open market with these brokerages but transferring suddenly changes 'the risk'? Sounds more like 'no commissions' so they changed policy to match the other firms.
E
Don't you mean "WWW".baltia.com. haha... I sure hope they fix that soon. I also notice when I'm on the "About Us" page, if I don't have the window open large enough, I can barely read that nice letter that Igor wrote because the blue background color covers it up.
There are a lot of technical aspects to your analysis that I don't really understand and I'm not sure how much of that can accurately or consistently be applied to a small cap like this one. However, you are definitely more savvy and well versed in technical aspects of trading than I am. Thanks for your contributions to the board thus far!
I gave my thoughts below in an earlier post 12865 when someone else asked what we thought the share price would eventually rise to upon certification and operations.
POST: 12865
I actually like this question... I'm no Wall Street insider but I'd like to take a stab at this one from a hypothetical sense of course.
Let's assume Baltia projects earnings of $100MM anually based on 3 RTs per week. A PE ratio of 1.0 would peg at .05 cents per share if my math is correct. I haven't had much time to look at the current industry average but the global airline industry average forward PE was about 9.8 in 2005. I'd obviously like to know the average in 2011 in a down economy and will research when I have access to a computer; however, based on the 2005 average, that would peg Baltia's share price at .49 cents... Of course that is once the company is operational at 3RTs per week (hypothetically speaking).
I personally like those figures. If my hypothetical calculation seems off or incorrect feel free to correct me. Like I said, I'm not a Wall Street guru.
He means .65-.89 cents after 1 year of operations. R/S is off the table as outlined in the last shareholder meeting. R/S is toxic 99% of the time and Baltia has assured its investors that it won't happen. (IMO) If anything, a stock buyback might be in order at some point if earnings permit and a portion of shares can be retired that way. Also, a huge number of shares belong to owner/management. I haven't checked the float lately but it's much less than the 2B OS.
I AGREE!!!...I, too, "would personally look back over the past 5 years to get a better picture" of the dedication that Baltia management has displayed in the certification process! I also agree with you that they have a beautiful plane in Baltia livery that is 100% airworthy! They have submitted thousands of pages of manuals that are on the verge of approval! They have raised capital to maintain and expand office space at JFK and Pulkovo! I also agree with you that they have been fully reporting to the SEC! This company is one of the few small-caps that is on the right track! They sure have accomplished a lot in 5 years... Actually more like 3 years!!!
Now would somebody please post the Baltia Takeoff video for the new/potential investors that visit this board? Spec?
You do not speak for me in the slightest. On a more positive note... Can someone post the Baltia Takeoff video again please?... Just for the new visitors to this board.
My opinion, I doubt any announcement will be made today. If something substantial happened, it would be smarter to release that information next week considering we have a holiday weekend and only an hour of trading time left today. Friday afternoon is the WORST day to announce anything... anything positive anyway.
I'd have to say our friend LT posted that message because he probably called the company directly and asked how the meeting went with the FAA.
DELTA... I think you may be on to something with your last Post #13713.
E
I haven't talked to them in a week or so but I think Baltia was supposed to have a meeting with the FAA this week about the Manuals/Certification progress. Considering it's Thursday and we haven't heard anything, maybe today is the day... I'd hope.
E
This is definitely not the information I have received from the company. They are still in the process of manuals approval and should have some feedback from the FAA at their next meeting. The manuals are definitely NOT approved yet as minor adjustments are still being made. Sounds like some misconstrued information. I think we are definitely close but not quite there.
Let's not forget Market Makers can drive the price of the stock up or down whenever they want. If most investors are in a hold pattern, the MM's can/will create an illusion of activity that moves the stock price. The other option is... those that were hired for services can sell to take their money. Those won't last forever. Get them while they're cheap. All my opinion of course.
E
N623US (now N706BL) was a Northwest Airlines 747-200 based out of SFO (and later Minneapolis), flying round trip to AMS (Amsterdam, located in Europe for those that don't know). Trips were also made to Germany. The aircraft was flying to Europe as recently as August, 2008.
Did "European frequencies etc" all the sudden change in the last 3-4 years? I must have missed the article that said airlines had to convert their Europe-bound aircraft to make them all "compatible with European frequencies etc".
QUOTE: "but my source indicates that the plane they have is not currently compatible with Euorpean frequencies etc"
The topic on this board should only be about Baltia Air Lines company and stock. Promoting other stocks on this board is against iHUB rules. Let's keep to the rules.
Star... nice job getting positioning at a lower cost. Hopefully it will pay off pretty soon. Check your mail.
Quote:
"you can still have it at $0.025 or there about. Does it really matter that much whether it is .021 or .025 or 6 or 7????"
That's like saying "you can still have it at $25 or there about. Does it really matter that much whether it's $21 dollars or $25 or $26 or $27."
When accumulating penny stocks or larger cap, the strategy is the same... There's a big difference between 21 and 25-27, that matters bigtime in my opinion.
The new website is coming along nicely! Still some enhancements to be made but I noticed under the "ABOUT US" tab that Igor has posted a nice message to shareholders. Check it out!
E
When you write to the DOT, make sure to include how they already revoked Baltia's route authority just as you posted on here several times in the past. Also, I would suggest finding out how many zeros are attached to Baltia's available credit line... The DOT may be interested in knowing that as well.
WOW! That's a precise and well-written letter addressed to the right people and should definitely create some headway. Thank you for posting the link for everyone to read! It should also settle some of the more skittish investors' minds that manuals were submitted and we are definitely waiting on the FAA. Fantastic letter.
Panic hurts the weak while creating fortune and opportunity for others. I'd hardly call this panic anyway. Show me a daily volume at 5-10 percent of outstanding shares with the price dropped to sub-penny and I'd call that panic. What I see now is tax season and those who were expecting a quick buck are pulling out.
QUOTE: "a phone call to Baltia is not going to answer the underlying question(s) that have been asked on this board"
Why wouldn't direct conversation with the company answer quetions about when manuals were submitted?
Baltia has better things to do than read this board and worry about responding to misconstrued information via a forum. As an investor, I'd think it would be wise to maintain contact with the company instead of relying on some forum for twisted and misconstrued information. The company maintains an open line of communication with hundreds of investors. Is your position not worth talking directly with the company? Strange.
Call Baltia and ask. Deep posted that information on here numerous times. If you don't want to believe it, I'd suggest call them directly and ask or unload that next 10k you were mentioning.
"Do you feel that the company owes an explanation to large private place investors who bought in several years ago and did not make a profit or breakeven?"
* Frankly, no. As far as I know, the company has been entirely forthcoming with investors, no matter how large or small, when the investors keep an open line of communication. There are shareholder meetings, SEC filings and most importantly, they always answer the phone or return calls to address questions or concerns that I've had.
Do you think they should circle the wagons and find out why someone was able to make "137%" profit when their money has been tied up for years?
* I don't feel it's the company's responsibility to come find me and explain or let me know of my ability to sell or to tell me what other investors did with their position. I'm an investor and I follow my investment daily as well as keep an open line of communication with the company on a weekly to bi-weekly basis. I think your assessment of the Private Placement might be a little off, specifically the price and the term of restriction during the last couple years.
Do you think there is a basis for legal or regulatory action?
* In my book, the company has been fully compliant with the SEC and all other federal agencies.
Regarding the suggestion of price target based on .5 to .7 of total annual revenue...
Let's say total annual revenue was $100MM. At .5 to .7, Baltia's price target would be .025 to .035... That's where the price is today without any revenue or certification. I think we can all agree that a price target based on these figures is a bit misguided.
Having said that, I also have a feeling the 2011 average forward PE ratio for the airline industry is also lower than the 9.8 that it was in 2005... Just haven't looked for it yet. I also think Baltia will have to be up to 4 or 5 RTs per week for that target... Not 3. Unless of course a new route is added.
It's all fun speculation at this point. You never know with legitimate small caps... They can shoot through the roof when major progress happens so I could be way off here.
As I suspect many others on this board have had the opportunity to do, I could have sold my entire position in the green... In my case for a 137% gain. I would never sell any of my Baltia position prior to flight operations/revenue generation. I've obtained my entire position via private placement and will continue adding certs when the time is right.
I actually like this question... I'm no Wall Street insider but I'd like to take a stab at this one from a hypothetical sense of course.
Let's assume Baltia projects earnings of $100MM anually based on 3 RTs per week. A PE ratio of 1.0 would peg at .05 cents per share if my math is correct. I haven't had much time to look at the current industry average but the global airline industry average forward PE was about 9.8 in 2005. I'd obviously like to know the average in 2011 in a down economy and will research when I have access to a computer; however, based on the 2005 average, that would peg Baltia's share price at .49 cents... Of course that is once the company is operational at 3RTs per week (hypothetically speaking).
I personally like those figures. If my hypothetical calculation seems off or incorrect feel free to correct me. Like I said, I'm not a Wall Street guru.