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First post over here. Excellent board and I do recognize a few of you. Here's my question: Anyone want to give me a few of their favorite 5-10 baggers in the next 6-12 months to DD? No pinkies! OTCBB or higher. Thanks and GL!
DPDW traders are trying to pump it back up because they lost money recently. They all bought in before the 10Q and now they underwater and trying everything they can to pump it back up and get out even. It's so obvious. Good luck with that. DPDW is headed lower and it doesn't look good in the short or long term anymore. With the economy getting worse and more government intervention at every turn, I don't expect any increase in offshore drilling for years to come now. What we need is a change of administration or this country is in serious trouble. Cash is the place to be for the next few years. Trade a little for fun but be very cautious with the serious money.
The BLTA board is a total joke. The latest post from someone with the id BLTA Shareholder (lol) expects BLTA to be at $5 per share after first flight. But then most people that have held this all the way down are losing their shirt. Disclaimer: I sold at .13 and made a nice profit eons ago.
$5...LOL! You realize how much net profit they would need to realize that kind of sp? At least 150-200M in net profit! They're optimistic pro-forma shows 100M in revenues in the first year with a very optimistic 40M profit. Even if they have enough money to actually fly next spring, they'll be lucky to make any money the first year. BLTA certainly won't be valued at 2.5B after their first flight. But then again, who comes on IHUB with the name of a stock as their handle? Hmmmmm. LOL!!!
Looking at their latest 10Q, it looks like they won't have enough money to make it to spring unless something else happens. Maybe they'll sell 500M shares to get a million or two over the next 6 months
Value Added Tax Hidden in Health Reform
http://www.newsmax.com/insidecover/vat_tax_healthcare_reform/2009/11/28/291701.html
And this:
EXHIBIT 2
Order 2009-3-7
Served: March 10, 2009
UNITED STATES OF AMERICA
DEPARTMENT OF TRANSPORTATION
OFFICE OF THE SECRETARY
WASHINGTON, D.C.
Issued by the Department of Transportation
on the 5th day of January, 2009
Application of
BALTIA AIR LINES, INC.
for a certificate of public convenience and necessity under 49 U.S.C. § 41102 to engage in foreign scheduled air transportation of persons, property, and mail Docket DOT-OST-2007-0007
(11) In the event that the holder does not commence actual flying operations under this certificate within one year of the date of the Department's determination of its fitness, its authority shall be revoked for dormancy, unless the holder is conducting operations under another type of certificate authority.
Not sure if they have to fly by January 5th (never happen) or March 10th (still unlikely). Either way, looks like the certificate will expire before they fly.
I also noticed this:
EXHIBIT 3
UNITED STATES OF AMERICA
DEPARTMENT OF TRANSPORTATION
OFFICE OF THE SECRETARY
WASHINGTON, DC
Issued by the Department of Transportation on March 20, 2009
NOTICE OF ACTION TAKEN -- DOCKET DOT-OST-2009-0070
_____________________________________________________________________________________________________________________
This serves as notice to the public of the action described below, taken by the Department official
indicated (no additional confirming order will be issued in this matter).
Application of BALTIA AIR LINES, INC. (Baltia) filed 3/15/09 for:
_____________________________________________________________________________________
Conditions: In submitting its polling results to the Department by letter dated March 18, 2009, Baltia states that it will institute its proposed service no later than September 30, 2009. Failure to inaugurate service with the allocated frequency by that date will result in the unused frequency reverting to the
Department. Consistent with our standard practice, the allocated frequency is subject to a dormancy
1 The Department is acting on Baltia’s request prior to the expiration of the answer period with the consent of all
parties served.
2 On February 13, 2009, the United States and the Russian Federation agreed, ad referendum, to revised Annexes to
the U.S.-Russia Air Transport Agreement and stated that, pending their entry into force, the respective aeronautical
authorities intend to implement the provisions of those Annexes on the basis of comity and reciprocity.
condition. Under this dormancy condition, if the frequency allocated here is not used for a period of 90
days (once inaugurated), the allocation with respect to the frequency would expire automatically and the
frequency would revert to the Department.
BLTA looks to be in financial trouble according to the latest 10Q
They have 20K in cash as of 9/30/2009 but have raised an additional 1.5M since then. However, they've already burned through 4.1M this year and almost a million just this past quarter. They just spent another 475K for the 747. Based on that, they only have about 1M left. They need to send the plane to Malaysia for repairs/renovation and that will be of considerable cost, and they need sufficient funds through the first Q of 2010 just to prepare for flight. They are supposed to have the first 3 months of expected expenses on hand (which should be about 4M) plus they need enough money to fix the plane, handle the FAA certification, pay employees and pay the bills (like JFK). They don't appear to have it right now based on the 10Q.
http://www.sec.gov/Archives/edgar/data/869187/000116519509000013/b10q93009.txt
Happy Thanksgiving All! God Bless!!!
That's the one. Now I remember it. Tks!
440M O/S I give up. Outta here!
tough environment right now for airlines to make money. most are losing tens of millions if not more. I've never thought BLTA had any hope of making the necessary profit to push their valuation much above where they are now. They're O/S has steadily grown over the last few years and I like to use 500M for my calculations (they were already near 440M in August). My calculations have always been only up to .01 eps with a 5 pe for an OTCBB which is a nickel. But then I've doubted from the beginning that they had the money and ability to get off the ground. Hope it works for you.
Boy is the attack squad on full alert on the BLTA board. Yikes! That company (if you want to call it that) is a joke. The have at least 440M shares outstanding, the money is running out and they bought a plane without engines that has to under significant work to make it flight worthy. I've said for a long time that this company would not have the funds and that's why I sold at .13 eons ago. It dropped 90 percent after that. And with the poor valuations going forward it's not a good investment even if they somehow get off the ground which is unlikely. Just ridiculous that a few pumpers are magically appearing even with BLTA in the handle. LOL!!!
Do you have the link to that PR or source? Tks!
If you think they'll make a net profit of 40M in their first you then you're on a different planet. You sound like Barry telling me they'd be at $2-3 bucks by now. I'm done with all the personal attacks. Pathetic...
I believe if those get exercised it will be about 7.5M as there is a one half warrant option with each common share.
Oh please. You know I've done plenty of research on BLTA. That money was spent eons ago obviously. That's why they're looking for more funds which apparently they don't have. Like I said they need at least 6M+. Are you saying they haven't spent any of that money and it's still sitting in an account ready to go? Why then are they begging for more funds?
Up over 25% in the past week and a half. Very nice!
Oh boy...that's exciting. How about something about the rest of the money that will not only be needed to fix up the plane (I assume quite a bit) plus the 1/4 of the cost of the first year's expenses (which should be at least another 4M). And on top of this they had 438M shares outstanding as of August. It took them that long just to acquire 475K. They've got a long way to go. And then there's this problem of valuation with the huge O/S. I'd love to actually see this fly one day but even then I don't see it above a nickel or a dime at most. It would require almost 4.5M in net profit just to get a penny in eps. For those in this...GL!
I've always thought they had some potenital with their SS and turbines but this PR is not what it quite appears. I'm sure you know Electric City Wind is like a franchisee of MMGW and we get 10% of their projects (not sure if it's profits only). And we own 40% of Electric City Wind. Of course, it's my understanding Electric City Wind is not profitable yet. At some point, we may actually make some money off of this. GL!
It may but once people find out this deal is not as good as it first appears it may not last imo.
Talk about outrage!
Lighting a fuse
Human-rights groups were outraged when New York's Empire State Building lit up red and yellow to celebrate 60 years of Communist rule in China on Sept. 30. The 1,454-foot-tall building lights up different colors each night to commemorate organizations, events, or causes—everything from the 25th anniversary of the Teenage Mutant Ninja Turtles to Eid-al-Fitr, the Muslim holiday marking the end of Ramadan. Building officials refused requests to light up the landmark in green to protest Iranian President Mahmoud Ahmadinejad's speech to the UN last month, but they did turn on the lights for communist China. Tibetan students and other supporters gathered at the building to protest, holding Tibetan flags and waving signs. Lhadon Tethong, executive director of Students for a Free Tibet, said, "For us, 60 years of the People's Republic of China means 60 years of occupation, repression. . . . It's a horrific thought to think that this beautiful iconic building is kowtowing, bowing to this same system that rules China."
http://www.foxnews.com/images/569576/7_64_320skyline.jpg (image)
http://www.worldmag.com/articles/15968 (world article: Lighting a Fuse)
First Senate Vote Looms on Health Legislation
http://www.newsmax.com/newsfront/us_health_care_overhaul/2009/11/21/289410.html
Last chance to call your Senators now and tell them to VOTE NO! Don't allow the federal government to takeover another 17% of our economy. If this passes, it could be the beginning of the end for our great country. This can't be overstated. Just look overseas or our to our north where government run healthcare is a disaster. It's just another power grab from the left. Socialism is not far behind. Will we allow it to happen?
Another DPDW down day on heavy volume. This baby may very well test it's all-time low around .076 or ???. I think the luster has finally wore off and many longs like myself have given up. The only thing that would save it now would be some huge contract which starts asap. Although I'm still not sure they know how to make a net profit no matter how much money they make. Everytime they make more money the cost of sales goes up even more. One of the three worst weeks this year. I am so glad I sold at .18. On to more productive trades.
It's an interesting setup with MMGW and Electric City Wind Power Corp. MMGW gets a 10% licensing fee on sales but they also own 40% of Electric City which is a private corp. Electric City manufactures the MATs but MMGW provides the tooling and setup.
Pathetic. How is she the House leader?
Pelosi Won't Say If Bin Laden Has 'Right To Remain Silent'
Thursday, November 19, 2009 EST
http://cnsnews.com/cnsnewstv/v/GdqG6Unz8z
We must use military tribunals for terrorist trials. They are enemy combatants without uniforms. They don't qualify for the Geneva Convention rules and they certainly don't deserve American rights in our courts. Not only could it jeopardize sensitive or secret information but it could jeopardize even convicting some of these enemy combatants. FDR, Lincoln and Reagan all used the military tribunals for these types of acts. We do have plenty of history on this. Will we bring in the soldiers off the battlefield to testify in court? Oh wait they were never read their rights. Might as well just let them go.
DPDW closed at .14. Another huge down day on heavy volume. Depending on how many shares trade Friday, it could be the worst down week of the year. About 500K shares would do it. Little doubt this will be testing all-time lows in the coming weeks/months. Not sure what could stop it. At one time, I thought this was going to be a big winner but management has shown me nothing in the past 30 months. I gave them more than enough time to integrate all their acquisitions and start showing a profit but it hasn't happened. It even seemed to surprise management this quarter. I actually didn't expect a profit this quarter like some did but I did expect DPDW to show that the bleeding had diminished. It failed on all accounts. Plus now they are in risk of defaulting on loans that are now coming due. They better hope they get an extension asap. I'd stay far away from this one anymore.
Oil companies plan to curtail work on North Slope
by The Associated Press
39 mins 5 secs ago
ANCHORAGE, Alaska - BP says it's cutting its Alaska spending by 15 percent next year, but still plans to work on projects such as the proposed North Slope gas pipeline.
Conoco, however, says it won't drill a new exploration well in Alaska next year. The company says it's shifting its focus offshore.
The updates were part of the Resource Development Council's annual conference, which ends Thursday.
Gov. Sean Parnell addressed the conference, saying he will fight efforts to list more Alaska species as endangered.
http://newsminer.com/pages/full_story/push?article-Oil+companies+plan+to+curtail+work+on+North+Slope+%20&id=4558461-Oil+companies+plan+to+curtail+work+on+North+Slope+&instance=home_news_window_left_bullets
Thankfully EGMI was a big winner this year! Own a few others that may take off with time. Looking for a few more solid OTCBB and up now. Main focus will be cash and cautiousness. Overall market may start tanking soon with astronomical debt building and fed printing money to pay debt no one wants anymore. Mid term elections can't come soon enough.
DPDW tanking fast! So glad I got out at .18. Brutal...
Why Do God’s Children Suffer?
http://www.answersingenesis.org/articles/am/v4/n3/children-suffer
Should Christians support stem cell research?
If you quickly answer no, perhaps it’s because you assume there is only one source of stem cells—human embryos. News media often fail to report an alternative source of stem cells—adults.
Scientists are very interested in this research because stem cells can be changed into nerve, heart, bone, and many other kinds of human tissue, and possibly used to treat diseases like Alzheimer’s, Parkinson’s, and even spinal cord injuries.
Stem cells taken from adults have been used for decades. Until recently, however, they were harder to grow and less versatile than embryonic stem cells.
Recent breakthroughs allow researchers to obtain adult stem cells easily from bone marrow, umbilical cord blood, wisdom teeth, and even fat tissue. Also, they can now “induce” adult skin, bone, and sperm cells to become stem cells.
In 2008 surgeons successfully transplanted an organ grown from the recipient’s own (adult) stem cells. Life was saved rather than destroyed, and the patient did not need to take anti-rejection drugs because the organ contained the patient’s own cells.
Not all stem cells create a moral dilemma. There are many promising alternatives to embryonic stem cells.
Given these advances, it’s no wonder Ian Wilmut, who cloned Dolly the sheep in 1996, has abandoned using embryonic stem cells in his research. Likewise, Bernadine Healy, former director of the National Institutes of Health (USA), pronounced embryonic stem cell research “obsolete” and pointed out its dangers, such as an embryonic stem cell experiment that caused tumors in a patient. Even President Obama has cautioned, “The full promise of [embryonic] stem cell research remains unknown.”
The danger to patients is only one of the problems with embryonic stem cell research. It destroys and devalues human life—the life of an unborn baby. By contrast, adult-derived stem cells have already been used successfully. Furthermore, using adult stem cells avoids such problems as transplant rejection and—most importantly—the sacrifice of life on the altar of science.
A. Peter Galling earned his bachelor’s degree in political science from Miami University in Oxford, Ohio. Peter writes regularly for the Answers in Genesis website and contributes to the weekly column News to Note.
* References for further study:
1. The embryos (fertilized eggs) destroyed in this form of stem cell research are human babies in early stage of development and are fully viable.
2. http://stemcells.nih.gov/info/basics/basics4.asp
3. http://www.answersingenesis.org/articles/am/v2/n1/babytooth; http://news.bbc.co.uk/2/hi/asia-pacific/7576131.stm
4. http://sciencenow.sciencemag.org/cgi/content/full/2008/807/1; http://news.bbc.co.uk/2/hi/health/7101834.stm; http://www.theglobeandmail.com/servlet/story/RTGAM.20090301.wstemcells0301/BNStory/Science/home; http://www.sciencedaily.com/releases/2009/03/090323134307.htm
5. http://news.bbc.co.uk/2/hi/health/7735696.stm
6. http://www.telegraph.co.uk/scienceandtechnology/science/sciencenews/3314696/Dolly-creator-Prof-Ian-Wilmut-shuns-cloning.html
7. http://health.usnews.com/blogs/heart-to-heart/2009/03/04/why-embryonic-stem-cells-are-obsolete.html
http://www.answersingenesis.org/articles/am/v4/n3/stem-cells
And the slide continues. Sad for a company that had so much potential. Maybe in a booming economy they would still do ok but with the continued slide in the economy and more socialist developments by the day, it doesn't look good. Now is the time to build cash and be very cautious.
When I saw your post, my first question was is this significant? It's always easy for the media to try and show the dark side. After a little checking, it appears the overall average suicide rate is 11+ per 100,000 people (20 for males per 100K). And for the ages 20-44 (covering most military members) its more like 13 per 100K (male and female). So it does seem a little higher than the national average for male and female combined but closer to average if we're looking more at males only. Its kind of like H1N1 when they say that its killed hundreds of people so far. Well the average flu kills 100 people a day! So is there really a significant increase in the suicide rate of military people over the U.S. public at large?
DPDW now down to .15! Yikes! They've got loans coming due that they can't pay (hoping for an extension). They're losing money by the millions (another 2M in Q3 and 4.5M for the year and 4.3M in 2008). And the economy is getting worse by the month. Not a good combination. I remember the interview with Gene and Ron when Gene said they expected DPDW to be a billion dollar company within 5 years. Right now we're at 21M+ through 9 months compared to 25M+ plus in the first 9 months in 2008. A far cry from a booming company that Gene said would be a billion dollar company. We need revs over 14M in Q4 just to match last year and we'd still probably lose another million or two. I have no faith in management or the business model.
That's exactly why this long term holder sold at the open yesterday. And with very low confidence in the economy moving forward, they may never get this together. GL to those that remain!
Sold my DPDW today at the open for .18 (some as low as .17). My .18 prints didn't even show at 9:30:06. Whatever. I sold at the HOD! DPDW has had way too much time to make this profitable. Their time is over with me. Thankfully I made some nice money on those shares I bought between .09 and .13 this year. I may reenter if we get back to around a dime or less. Otherwise...I'm outta here! Good riddens...
What's the current share structure?
Exactly.
I think they meant to put out the PR about Newmont buying us out at $20/sh...lol!