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$52M market cap with $0 revenue...
What am I missing here?
Hopefully it is, since I just opened a position.
I like these bankruptcy plays since they typically get pumped and dumped once or twice while it is going on.
Yeah, I averaged myself down so much in the past 2 years that I didn't have it in me to get more at the bottom, which is my fault, but got out being down 65%...Just happy that I do not have to follow the stock every day now =P
If this is a pump and dump, which for everybody else I do not hope it is, then I think leaving now was a good move.
I have been invested since march 2015, so I have been around for the roller coaster ride, but decided to finally step away.
GLTA
Very bittersweet at the moment...finally sold BLTA at a decent loss, but this seems like it will just be going down in the next few days.
Nothing against Baltia and its shareholders, but to have a market cap over $30 million with no revenue is just not adding up to me.
Even if they do get another $5 million of funding, I do not think this ship/plane can turn around.
I wish all the luck to the people still invested here and the new shareholders...
Farewell Baltia, you will (not) be missed.
I haven't called management yet, but I have emailed them every week for the past 2 months and absolutely no response...
I am glad I took my bid out at .0002...might hop on the bid at .0001 but no transparency usually comes with no bid...
Is there anything going on here???
The only news that has been recent was them retracting a false PR...did this company go dark?
Well is chapter 11 confirmed? Reading the Pr it states it first needs court approval and the restructuring transaction can be "materially different"
I was going to try to play this as a bounce, but that wording has me holding back...
9's are one hit away from being taken out. Next stop .001+
Nice day today on relatively low volume.
Mostly all buys with a few nice hits on 6.
Holding for 002+ which should be 1-2 high volume days.
Not one buy yet on a Monday opening...hmmmm
What's the deal with their website? It's blank...are they done selling products and looking to venture into a different line of business?
I've had an order at 3 for over a week now and has not even been touched.
I might just need to get in at 4...don't wanna be chasing this thing when it starts up again
Looking to catch a bounce here and was wondering if I should buy LINE or LNCO. As far as taxes go, is LNCO the better option? Based on the charts they trade the same way. Is there anything different?
What could they be selling these shares at though with the current PPS?
We need to hear something back from the FAA...
This should not have been effective until after hours Jan. 4th and reflected on Jan. 5th...I am a little confused.
Can they push forward the timeline on the reverse split?
Believe me when I say I am pro Baltia, but that Mini-Mini with the slide deployment is one of the four outcomes of this test.
However, it is not confirmed as to what route will be taken yet. I just got off the phone with Baltia confirming this.
Still waiting to hear some positive news, which I believe will be coming soon.
Just when Tony expects to hear back from the FAA when I spoke with him a few days ago.
Around 7-10 days
There is no way the PP is 1/4 of the current pps, that would be ludicrous.
If anything I'd say the PP with current prices of ~0.004 would be around 0.003 - 0.0035 with the 6 month restriction.
They wouldn't give 20,000,000 share freebies out there for $20,000...imho
Debt free airline to make profits...simple answer...
The freight alone will yield so much revenue.
Just a reminder
There will be no need to attempt the mini evac again since we are pending a pass.
Strong close into the extended weekend.
Have a nice 3 day weekend everybody INVESTED here.
I cannot wait for a PASS to come thru and you guys have to find something else to complain about.
It has been a waiting game for the past 2 weeks and all the excuses are coming out, from an old plane, to poor management, to dilution...blah blah blah
Plain and simple...Debt free airline on the verge of being certified.
How would you know that there was a failure due to the slides failing??
I have been on top of this with staying in the loop with the company doing my own due diligence and there is no information which states the slides failed. All doors opened and all slides deployed...
Every single one of your posts since you started using IHUB have been all bashing posts towards Baltia.
I respect your enthusiasm since 2012, but what gives?
Most of the people you just have to ignore on this board.
I just mainly come here for the entertainment.
I know what I am invested in and do not care what others say.
A few respectable people are on this board that post legitimate information, which is greatly appreciated and I hope they continue to do so.
With all the penny stock diluting scams out there, I feel safest with my investment in Baltia.
Time will tell. GLTA invested here.
I know that because...
Just got off the phone with Baltia.
I feel like from this point on I should be letting people do their own DD.
All I will say is that if they had failed they would have already been told by now.
Anybody can call Baltia headquarters to get some sort of update...
Given they cannot tell you straight up they have passed, which once again if you have been reading the posts, you will notice they are waiting on the FAA to finish the paperwork.
I just spoke with tony myself to verify and he is telling the truth.
There needs to be some paperwork that gets filed and the second half of testing is tonight.
Crews are still in place and he said Friday/Monday is what the plan is looking like for proving flights...given everything goes smooth today and tomorrow.
People should be doing their own dd, but I'd figured I back up that post since it is legit.
It is looking great right now for BLTA...the early shake down won't stand a chance imo
Once again they just need to wait for the FAA to go ahead and PR
Good Luck to all invested here.
It has been a process up until now, to say the least.
Wishing the best for the Baltia crew so we can go from the evac to the ditching exercise to the proving flights to the $$$$$
2.3M hit on the ask, very nice.
Super excited about tonight. All the waiting and averaging down is about to pay off in less than 24 hours.
GLTA here who owns BLTA
For every seller there is a buyer, and with purchasing BLTA, a smart buyer at that.
Just waiting on certification...the remaining steps after this evac is a walk in the park.
I am happy with my investment and I am sure most of the people on this board will say the same.
6M block of shares on the ask now ($33k)
Will be shocked if those get taken out by eod.
Been a great few past days here at BLTA though so far!
.0051 X .0062
We need some bid support...
Nice clearing of the block of 2M shares on .0045
Waiting on a call back from Tony today in regards to any updates.
6,000,000 Bid and 8,000,000 Ask