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Even if an RS were to happen after certification, I still think shareholders would see amazing returns. Market cap on this will explode when certification is announced. It's a gamble here, but the reward is enormous! I think BLTA will be successful, despite the FAA sluggishness.
In the past, has Baltia news typically come out pre or post market? Or is it all over the place including midday during trading hours?
Looking forward to the good things coming soon. Holding a bit over 900k shares here. They are near the end of the process and shares are on sale at these prices.
I don't care if it's a fail, I just want an answer from these lazy FAA officials so that we can retest and move forward. There is a good chance that Baltia management knows the results and are already scheduling a retest. I hope the FAA allows them to demonstrate this slide deployment on a smaller scale to save $. Tired of seeing this company being held down so close to the finish/starting line!
Good post. I still am wondering why such a late ex-date. The only legitimate reason I can think of is a pending ticker change.
Well said. I hope that is the case here. Although improving their business acumen wouldn't hurt either haha.
Lmao it sure is. I had been bullish before the last PR, but went completely bearish on it after doing DD on the deal and put in a GTC sell. Just gotta be patient with low volume like this. You'll get out. I don't know how many shares you have but just do 100k blocks and you'll be fine. If you still have faith after doing some honest, objective due diligence on the last PR, maybe hold on to some. But I definitely would not hold a core position here, that's for sure. It's a shame this idea wasn't put to greater use than an OTC scam to steal from trusting investors. Had potential to be something great - if any of the energy giants had picked this up, it would be huge. But I believe that would have happened in 1+ year since public offering.
If it weren't for LT "putting his money where his mouth is" with his continued purchase of the stock, I would have less faith here. Hoping that we are able to get this thing off the ground in the next couple of weeks. I fear that the stock price will continue to slowly decline until news of a pass or another date for an attempt. IMHO, management needs to put something out that at least informs investors of the progress being made and setbacks currently faced. I am hoping that they are simply waiting for word back from the FAA for a decision and we are at that point. I do have concerns that there may be some "stonewalling" from the FAA to even Baltia's management. I mean, this is not that hard of a decision - mark it a fail and then MOVE FORWARD, not just stagnant in this "waiting game" with a significant cash burn rate. Baltia's management seems to have done a lot to make this company succeed and are truly dedicated; I truly hope that there is no conspiracy against this company (e.g. clearing agent or whatever it was that happened a few years back prior to an offering). Truly looking for greatness here holding nearly 1MM shares. The silence is discouraging, but I know how government agencies are in their efficiency and speed in getting anything done. Good luck to all, hoping for good news soon!
Plenty of reasons to doubt them. I hope they eventually follow through
Picked up another 275k shares right before close. Hope we get (good) news soon!
"Take it like a man?" You came back here just to say "told you so" to all the longs here, trying to add insult to injury. So you get what you get, pal.
And it looks like you're the one offended, considering you're requesting a ban for me for pointing out the ugliness of your profile picture. Either way, I'm done with both this stock and our conversation.
Haha my last was a sale of 100k... if you knew how math worked and took into account the fact that I just said I had just finished selling off (as in more than one transaction), you would know how wrong you are. And you leave out the fact that the stock HAD YET TO PLAY OUT - a significant detail.
I know when to admit I am wrong about a stock, but you are truly one of the bigger idiots I see on this site. Posts with no substance and nothing to add. I don't know why my ignore feature doesn't work on your account, but I really wish you wouldn't write anything. These Captain Hindsight guys are classic. Just so you know, your weird profile pic of the creepy fat girl doesn't help.
I see no mention of Sri Lanka, wave energy (or any energy) or anything relevant to BBRD's business plan on that site.
Congrats
Website for Helping Mankind: www.Helpingmankind.net
Enjoy
Considering nearly half of today's volume was me selling, I would say that current volume will not maintain the PPS.
The only legitimate-looking deal is with BCG, and that was only an MOU in January. I have emailed them to confirm this partnership, but have not yet received a response. It's the only thing that will save this stock.
If you do any DD on Helping Mankind, you will see that their website is absolute garbage and does not have any weight. Bogus organization with bogus projects. These guys are not getting financing. Makes sense why the dividend ex-date is delayed until end of the year.
Tired of the games here; thought we had a diamond in the rough, but it's just another pinky. Sold out of the last of my position today.
Can we get news stickied here please? Thanks in advance. EOM
I wonder if we get news at opening or closing bell today...
If it is big enough to make management change their website, maybe this PR actually has some value after all...
If there is any actual value added by this agreement, we will see very high levels here!
That would be excellent and seems to fit the magnitude of the event they are describing. If that is the case, it's $$$$$ here
50+ years in market and retired at 50?
Have a price target here after mini evac/ditching phase? Perhaps your rationale behind it as well? I'm thinking this is going to be an exceptional startup with the 747 if the downward trend in oil prices continues until proving flights and certification.
With an exclusive, direct route to a desirable business traveller destination and minimal debt, there is a competitive advantage here. With profits and perhaps some leveraging, additional planes could easily be purchased or leased to increase revenue and profitable routes.
TL;DR - Good things coming to those picking up shares down here due to current market conditions.
Lower oil prices only boost profitability here. Good things coming!
Thanks for the insight regarding the parent company... it will be interesting to see how this plays out.
I don't think we can "rule out" anything at this point. All we know is that deals are in-progress and a number of subsidiaries have been established.
No one knows if there is cash on the books yet from these deals, but I agree that a cash dividend is unlikely - the company needs the capital to grow before returning ANY profit to shareholders.
If there is a substantial amount of cash on the books and the projects are underway, share price will rocket. If there is no cash, we might have to wait up until December for the next development regarding the dividend.
Thank you for the input; very much appreciated. Yes, it could definitely go either way here with this dividend. I don't like that the record date for the dividend is in December, though. That does not help longs, as anyone could buy in mid-December and still receive the same benefit. Pure speculation here, but looking forward to what happens. It could just be the beginning. I don't want to be the guy who sells out of his position at .015 only to see material developments and share price increase to .2+. Those who can afford to risk their entire initial investment here may potentially result in a life-changing rally. I'm holding to see what happens.
It will likely be a spin-off stock dividend consisting of one of their subsidiaries that they have mentioned being established in various PRs. They have established a few of them in many of the countries where the company is negotiating/beginning contracts.
This is obviously a long-term play for believers in the technology, and WERPO seems to be aiming to share the benefits with the shareholders that have had a volatile ride here.
Does anyone know the regulations concerning disclosure of the ex-date for pinkies?
The PR could be interpreted as December being either the approximate distribution date OR the ex-date. Big difference.
Last thought is that this dividend could potentially be the "new" WERPO holding company stock, assuming assets, liabilities, contracts, etc. in a clever move by the BOD to get away from previous BBRD players. Anyone have any thoughts on this?
If anyone has any clarification or insight on this, thank you in advance.
Knowing federal agencies in general, this paperwork will take them several weeks. Sigh... And these are the people that are getting the best pensions. Haha.
In all seriousness, looking forward to great things in the coming months with proving flights! Worst case scenario we have to wait another month for a mini retry because that's just how regulations can be sometimes despite the fact that the problem was not due to Baltia and instead a manufacturer. I like that management was "one step ahead" and covered the company from all possible angles here due to the incompetence of those responsible.
Anyway, thank you for your insight on the situation here; it is much appreciated!
Looking for big gains here soon! Ground floor here.
Agreed. I wonder how long til we get cleared for the mini evac and ditching by the FAA. Hopefully not more than another week or so. It will take this stock back to .02-.03 when this step is completed.
All we need is news of China's years of testing leading to a mass production contract and this will fly to the moon.
I don't understand why they won't either build a larger production facility or even license the tech to the Chinese for mass use - they just throw money at green energy over there.
I just hope this accountant move was one that was good for the shareholders - the Twitter post made it appear to be. Audited financials would be amazing to see here. Need to start seeing some NUMBERS, Ovadia! We've read articles on wave energy potential on our own!
Only way to find out if mini evac was passed is to contact HQ and inquire about progress towards ditching exercise. Anyone who claims failure at this point is just looking for cheap shares at the opening bell tomorrow.
I hope many investors will take it upon themselves tomorrow to get up early and call HQ to find out for themselves. Many on these boards are not to be trusted.
How confident on this July 28 date? Will hq be able to tell us if the partial is completed if we call on the 29th?
Longs are still here. Just waiting for a catalyst! Appreciate your posts and ongoing DD here.
Looking for a large correction when earnings are missed, despite the overseas compound deal, etc. Unfortunately this time around I sold out my whole position too early in the high 1.6s and broke even. Congrats to those who caught this swing all the way up to $2. Looks like many are calling for a correction to $1.40-$1.60 - I think the chances of that happening are high.
WERPO mentioned multiple upcoming press releases in their Twitter post... We have only seen one so far, right? Looking for another significant increase in the PPS in the short term when news hits.
When photos are posted of the progressing Sri Lanka project, people will be kicking themselves for not buying accumulating at these levels.
Probably was flipping his whole $500 and sold at .008. How sad
Why is that?
Recent post says new PRs coming. Also mentioned meeting with Chinese and six states in the U.S.
Something big must be in the works per WERPO'a Twitter page...
Wow great tweet! Also looking forward to the PRs they referred to the other day.
If we get some business in the U.S., the DD should be much easier and the market value will correct to MUCH higher levels in the short term.
I am thinking a 10-bagger from these levels depending on news; their Twitter made it sound like it will be exceptional, causing the 92% rally in the following trading day (+20%).
If WERPO has secured additional funding as a result of attending the Chinese government's business convention, we are also looking at huge upside potential here.