Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This has absolutely nothing to do with Baltia.
I have actually spoken with Investor Relations and have heard no such thing. I have no idea where this claim came from.
Understandably, in the event this did occur. Baltia isn't in the air right now, so clearly flight attendants are not needed. Why pay what you don't need right now at this present. However, once they are able to be up in the air, surely they will all be brought back no problem.
If it is true. There are skeptical people who claim that Baltia is wasting money. Well, here is Baltia saving money. People need to pick their battles:
Claim Baltia is allegedly spending money on stuff it doesn't need to OR Claiming Baltia disgraceful for letting go of staff they can't afford on payroll right now.
Even if this was in fact true, this isn't disgraceful behavior. It's your opinion that it is disgraceful. All I see, in my opinion, if it even was true, is a simple business move.
I think the best way to get an answer to this question is to call Investor Relations. I think quite a bit of your questions could be answered if you gave them a ring.
I'm confirming its the 16th.
Oh yeah, I forgot we had to provide links for anything positive. Otherwise it's a lie, false, or untrue?
Silly me
Perhaps it has something to do with their meeting they have set with the FAA on Dec. 16th?
Just because someone makes money doesn't mean they have to spend money. What Barry does with his money is his own business.
Just want to ask, because maybe others will feel at ease with your answer.
Do you feel better because you went out of the way to contact Investor Relations? From my experience, Tony is an easy guy to talk to about almost anything.
I just want to get your opinion on how you felt before ever contacting them, to how you felt after contacting them and getting any information.
From an investor standpoint, does it feel better to reach out and get an answer directly from the company than not making an effort to get due diligence at all?
(You can probably see where I'm going with this)
Did you call Investor Relations for that information?
Okay Millennial, I can respect your desire to get a degree in business and getting a job in banking or finance. That's a great decision.
In your entire posting history I have yet to see any facts. I can see strong opinions that you might think are facts. But they're all subjective.
From a credibility standpoint, you have 0.
He's 21 years old at most and is currently in college. He's a millenial that believes google is the answer to everything.
Employment history for ANY of Baltia's directors is completely irrelevant. If they didn't ever get nailed by the SEC, FINRA, etc. and are making progress with the company, they are A-OK in my book.
Also, you're acting like a typical poster that is nitpicking at Baltia staff's employment history and how that allegedly makes them credible or experienced enough to be directors of the company.
You're spinning your own narrative and already making up your mind. Its a waste of time to try to convince you of anything otherwise. You have a right to your opinion, that's fair.
Also, seeing 1994 in your username, I'm going to guess you're still in college. Maybe you should worry about your own education and how your millennial mentality will get you employed anywhere in your future.
Good day.
Firestream. That was a well-said, sane, and no bs statement.
I agree with you 100%.
Dude. You're manipulating and spinning my words. You're creating your own narrative from what I said.
Plus I wouldn't say they're "stuck" if they've been told specifically by the FAA to prepare themselves for proving flights.
I think the shareholder meeting is in December. Not sure the exact date.
Got my swim trunks and flippy floppys holmes, all set for this ride!
The "plane is too old" argument is getting so old. The horse is has been beat to hell already.
I think that may shareholders do not have the same sentiment as you, putting you in the minority.
The majority believe in the company and will surely be rewarded for their patience.
The word in that sentence is MAY not WILL.
Comparing Baltia to any of those companies is laughable.
I do conduct my own DD, which is why I called the company. Twice this week.
I mean I'm going to listen to the Vice President of Finance, Anthony Koulouris. The one who clearly told me Baltia Airlines, Inc. is 100% SEC compliant and has all its financials and paperwork in order.
If he says Baltia never was allowed to advertise, I'm believing him. And if he said the crowdfunder was used to bring awareness (advertisement) of Baltia's Private Placement opportunities, now that they can advertise, I'm believing him.
If you can explain what rule 506c is, perhaps I'll understand what point you're trying to make. You've provided no context.
Regarding the crowd funding. Tony on the phone specifically said that they were never allowed to advertise Private Placement publicly until just recently. He said it was the first time ever they were allowed to advertise Private Placement. So I'm going to take his word over any other person's out there.
Tony, during my phone call with him yesterday, said the local FAA team in Michigan recommended a pass.
Let's get something straight.
There has been a lot of "reaching" and "wild interpretation" going on regarding both of Baltia's Facebook posts that were released yesterday.
FACTS: They did not fail. They did not pass. Their request to the FAA is not for an appeal. They are still waiting on the initial disposition whether it's a pass or fail in the first place
You are lying to yourself and the other posters online if you say it's a fail or an appeal. Baltia released a statement specifically stating it's not an appeal. The only way they would appeal is if they failed. THEY WERE NOT GIVEN A FAIL to even warrant an appeal.
Posters who continue to say it's a fail or an appeal are just distancing themselves from the honest and level-headed.
Yet again what I posted turns out to be correct.
The Facebook post from today is not regarding an APPEAL!
I confirmed it with Tony of the phone BEFORE IT WAS EVEN POSTED ON FACEBOOK. (that its not an appeal)
Can all those who were in disbelief start listening now?
I know what I am talking about. I don't go out of my way to post just to screw around.
I want to share with everyone what I hear and what can be confirmed as fact.
I just personally spoke to Tony on the phone and I'm going to sqaush a lot of rumors right now.
First. There has been no disposition given by the FAA whatsoever. Baltia Airlines, Inc. DID NOT receive notification of a pass OR fail whatsoever. So Baltia is NOT APPEALING a decision that was already made. A confirmed answer from the FAA has still not been given to Baltia. Do not throw around the word appeal at all. He clearly stated Baltia did not even get an answer to warrant an appeal.
Second The crowdfunding website is something that they started to be able to start moving forward at a faster pace. They want to use that $10 million towards expanding the fleet as fast as they can. The crowdfunding is not a desperate measure for cash. Do not misconstrue those words. The reason they created the crowdfunding website is because they are now 100% compliant with the SEC, which means they are allowed to advertise Private Placement for the first time ever to accredited investors. The reason for the crowdfunding site is because they are allowed to mention private placement through a public medium (online) and not word of mouth like other investors or phone calls to Investor Relations directly. They never were allowed legally to advertise Private Placement any other way except now, since they are 100% up to date with SEC regulations. He also said all financials are in order and all filings are up to date.
Third He told me personally that if any of my other fellow investors want any of their questions answered, they are more than welcome to call him at his office. The phone number is on the Investor Relations webpage. He reiterated over and over that he would gladly answer any questions investors have if they just pick up the phone and call his office. He specifically said that shareholders, either Private Placement holder or open market shareholder, have a right to know what's going on and he is more than welcome to speak to anyone that calls.
Baltia has nothing to hide. Just pick up the phone and start dialing.
You are spinning the information in a way to make yourself appear to be correct.
It's not a law or court matter. It's a government/corporate matter.
Honestly. Where are you even getting the word appeal from that entire facebook post?!
That right there is my point. You yourself are proving my point.
No where does it say they are appealing. It says they submitted a request. You factually do not know that they even received a failure that warrants that request. You do not know if along with the Eastern Michigan FAA's notice to Washington SUGGESTING A PASS, Baltia sent their "request" with it.
There is no factual proof or statement that says failure of mini #7 anywhere. End of story.
I have to disagree.
You are reading too much into it with what appears to be a bias. There was never a confirmation of a pass or a fail. You are speculating without a smidgen of facts based on your interpretation of the Baltia facebook post.
I can say that the FAA gave Baltia a pass but that the FAA is delaying the stamp of approval for whatever reason which is why Baltia made this announcement.
It works both ways.
Stop it. That is way too generalized. Posts like this are getting ridiculous.
Did we publicly hear about a confirmed failure? NO!
Did we publicly hear about a confirmed pass? NO!
These two statements are FACTS!
Please stop reading too much into what was said. This right here is how false rumors start to spread.
It says nothing of the sort! You are drawing your own broad conclusion based on what you want to hear.
FALSE! I have yet to understand how some can just jump to conclusions like this so quickly. It's getting old and I personally, in my opinion, find it rather annoying.
It was deemed a pass by the Eastern Michigan FAA team that conducted the examination on Baltia. The Washington hub may have a different say otherwise but that's still yet to be determined.
TL;DR There has not been an official concrete pass or fail given.
They didn't know it would take this long a couple of months ago.
Hindsight 20/20.
Financially supported? Not at all.
Not a dime purchased or sold on the open market, through ETrade/Scottrade/Fidelity/etc. has directly funded Baltia.
Private Placement shares are what funds Baltia's operations.
Full Clarification:
Example 1: You have $10,000. You deposit that $10,000 into an online brokerage account. You purchase shares of BLTA through your brokerage website. You now have $10,000 worth of shares. That $10,000, minus the transaction fees, all goes to the person who sold those shares. Baltia doesn't get a dime of that.
Example 2: You have $10,000. You call Baltia Investor Relations. They say they will give you "x" amount of shares for your $10,000. You agree. You write a check or wire $10,000 to Baltia. Baltia now has $10,000 to use towards it's certification process. You get your shares in a certificate form with your name on it and must hold for a minimum of 6 months.
If you personally never bought private placement from Baltia, you have not financially supported Baltia's certification endeavor whatsoever.
If you buy Private Placement, you are buying shares directly from Baltia. Baltia uses that money from your purchase to use as they need.
If you buy shares on the open market, your money goes into the hands of the person who sold it on the open market. None of the money from the open market goes to Baltia itself.
Money used to purchase private placement shares directly funds Baltia.
Money used to purchase shares through online trading accounts do not and goes into the hands to the seller.
Two things.
1. You have to have Private Placement to consider the company to be "burning your money." Buying shares on the open market does not go to Baltia to use to finance its operations. (I accept that I may be mistaken if you do in fact own any PP at all)
2. A threat of violence would get you nowhere.
I just called Investor Relations.
From my conversation with them its the same thing, the FAA. They are waiting to hear back from the FAA regarding Mini-Evac #7. The FAA team in Michigan gave Baltia the thumbs up and passed their results over to the Washington hub. It is the Washington hub that is withholding a response.
They said they are in the same exact spot as the shareholders, waiting to hear from the FAA. It is the FAA and the FAA only that the company is waiting to hear from in order to keep moving forward with their certification.
You're incorrect. They are increasing by 1 billion, not 7 billion. Please learn to read.
PLEASE READ, Looks like my final post of the day. So I'm not going to respond to anything you say until Monday.
I'll break your post down.
I have been invested since summer 2013 and have an 8 figure sum of shares. I continue to grow my stockpile of shares monthly. Most through PP but some through the open market.