OTCBB has nothing to do with it as far as I'm concerned. They should have figured out how to make some money by now. As a LONG time shareholder, I'm very disappointed. I did not expect a good quarter like some. Many even expected a profit. I did not but I did expect much better than this.

No point in BLTA doing that whatsoever. Just more bs as far as I'm concerned. I remember when Barry told me we'd be trading at 2 to 3 bucks as soon as they got approval to fly. No way in heck with 300M+ shares outstanding at the time (and 400M+ now). They'd have to be making at least 40-60M net profit to even think about that kind of valuation. I sold the next day I believe at a profit still. Feel bad for those still holding from when we actually traded above a dime.

I also felt that the earnings would be bad but not a 2M loss. I expected revs to be in the 8-9M but didn't expect their cost of sales to sky rocket. Pretty disappointing. Big difference between my expected 1M loss or better and 2M! The only bright side is we could see a fairly big 4th quarter if things are picking up as they say. But can we turn a profit in Q4? I'm still thinking Q1 or Q2 of 2010 like I been saying.

I have no idea what's up with this apparently old PR that's showing up all over the place:

http://agoracom.com/ir/Evolving/forums/discussion/topics/380816-evolving-gold-corp-announces-termination-of-option-agreement/messages/1267066#message

Nice little pop today on above average volume!

Obama revives talk of U.N. gun control
NRA guests warn international treaty would strip 2nd Amendment rights

http://www.wnd.com/index.php?fa=PAGE.view&pageId=116041

Meanwhile our troops continue to die because this president can't make a decision.

They need to find a way to turn a profit each quarter. Don't know if these new tracks coming online will do it. I think they need some fresh ideas to get their gross profit up.

That's for sure!

Me too...

At least this Q should stop the bleeding and maybe even give us a little leg up. We'll see.

One day maybe we'll all get a big surprise. Just when we've given up.

I agree it's 3 months of operating expenses plus start-up costs. I guess my point is that they likely need at least the 6M plus whatever else to prepare the plane for flight.

Knocking 150K off consulting fees helped big time! Now if we can just start reselling fuel and raising those margins 400-500%. Even if we just did 109K each quarter we wouldn't be far from EPS of half a penny for the year. Hmmmm.

That question was never answered clearly to me. It was always my understanding that the 16-17M (operating costs) figure was for 1 flight per week for the whole year. That's why they could start flying without having to come up with as much money. I never quite understood how they could do the 1-3-5 without needing more money. If I recall, this initial idea (1-3-5) was going to cost about 60M, meaning they would need 15M plus start-up costs.

And they made 109K this quarter! It may only be .0011 but at a penny or two, this is starting to look more interesting if this continues. Great comparison to last years Q3 when we lost over 500K!

One nice thing:

At August 7, 2009, there were 93,260,579 shares of common stock outstanding.

On November 10, 2009, there were 93,260,579 shares of common stock outstanding.

No new shares in the past 3 months!

Not incorrect (except I meant to say 1/4th of the expected operating costs of the first year)!

This is directly from the DOT Docket last December. We've discussed this many times on the board in the distant past.

In evaluating a new entrant applicant’s financial fitness, the Department generally asks that the company have available to it resources sufficient to cover all pre-operating costs plus a working capital reserve equal to the operating costs that would be incurred in three months of normal certificated operations.13 Baltia provided forecasts of its pre-operating costs, as well as projected first-year revenues and expenses associated with its proposed initial operations (i.e., one roundtrip flight per week using one aircraft). We have reviewed the applicant’s projected costs and believe them to be reasonable. Based on these forecasts, the applicant’s pre-operating expenses are expected to total approximately $2.1 million, with first-year expenses totaling approximately $17.2 million. Therefore, in order to meet our fitness requirements, Baltia will need access to approximately $6.4 million.

They (DOT) also require 1/4th of the expected first year's revenue up front. So, the last thing I read that was $2.1M for pre-operating costs plus $4.3M to meet the 1/4th requirement (17.2M expected first year revenue). Unless they've changed their expected first year revenue, we're looking at $6.4M needed upfront before flying commences plus obviously any other money to get the plane ready to fly, etc.

Is it your understanding that they no longer need to have 1/4th of the annual revs before flying starts plus start-up costs. For example, if they were expecting 16M in revs for the first year, they were required to have 4M up front plus start-up costs. Did that change somewhere along the line?

Even if they find the money to get the aircraft up to snuff, do they have the rest of the money required to start flying. They need a heck of a lot more money than just $2.5M. Do they still have their required start-up money in the bank? And then if by some miracle they pull that off, then you have to look at valuations with half a billion shares outstanding or whatever the final number might by the time they would be flying.

Hasan Linked to Sept. 11 Hijackers

Sunday, November 8, 2009 1:19 PM

http://www.newsmax.com/insidecover/hasan_fort_hood_sept_11/2009/11/08/283376.html?promo_code=81BB-1

House Votes Strict Abortion Ban

Saturday, November 7, 2009 6:25 PM

http://www.newsmax.com/insidecover/health_overhaul_abortion/2009/11/07/283268.html

AP: Pelosi Bill D.O.A. in Senate

Sunday, November 8, 2009 5:10 PM

http://www.newsmax.com/insidecover/us_health_care_overhaul/2009/11/08/283404.html

Obamacare Endorsements: What the Bribe Was

Sunday, November 8, 2009 10:39 AM

By: Dick Morris & Eileen McGann

As the suicidal Democratic congressmen proceed to rubber-stamp the Obama healthcare reform despite the drubbing their party took in the '09 elections, the president trotted out the endorsements of the AMA and the AARP to stimulate support. But these – and the other endorsements – his package has received are all bought and paid for.

Here are the deals:

# The American Medical Association (AMA) was facing a 21 percent cut in physicians' reimbursements under the current law. Obama promised to kill the cut if they backed his bill. The cuts are the fruit of a law requiring annual 5 percent to 6 percent reductions in doctor reimbursements for treating Medicare patients. Bravely, each year Congress has rolled the cuts over, suspending them but not repealing them. So each year, the accumulated cuts threaten doctors. By now, they have risen to 21 percent. With this blackmail leverage, Obama compelled the AMA to support his bill...or else!

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# The AARP got a financial windfall in return for its support of the healthcare bill. Over the past decade, the AARP has morphed from an advocacy group to an insurance company (through its subsidiary company). It is one of the main suppliers of Medi-gap insurance, a high-cost, privately purchased coverage that picks up where Medicare leaves off. But President Bush-43 passed the Medicare Advantage program, which offered a subsidized, lower-cost alternative to Medi-gap. Under Medicare Advantage, the elderly get all the extra coverage they need plus coordinated, well-managed care, usually by the same physician. So more than 10 million seniors went with Medicare Advantage, cutting into AARP Medi-gap revenues.

Presto! Obama solved their problem. He eliminates subsidies for Medicare Advantage. The elderly will have to pay more for coverage under Medigap, but the AARP -- which supposedly represents them -- will make more money. (If this galls you, join the American Seniors Association, the alternative group; contact sbarton@americanseniors.org. This e-mail address is being protected from spambots. You need JavaScript enabled to view it .)

# The drug industry backed ObamaCare and, in return, got a 10-year limit of $80 billion on cuts in prescription drug costs. (A drop in the bucket of their almost $3 trillion projected cost over the next decade.) They also got administration assurances that it will continue to bar lower-cost Canadian drugs from coming into the U.S. All it had to do was put its formidable advertising budget at the disposal of the administration.

# Insurance companies got access to 40 million potential new customers. But when the Senate Finance Committee lowered the fine that would be imposed on those who don't buy insurance from $3,500 to $1,500, the insurance companies jumped ship and now oppose the bill, albeit for the worst of motives.

The only industry that refused to knuckle under was the medical device makers. They stood for principle and wouldn't go along with Obama's blackmail. So the Senate Finance Committee retaliated by imposing a tax on medical devices such as automated wheelchairs, pacemakers, arterial stents, prosthetic limbs, artificial knees and hips and other necessary accoutrements of healthcare.

So these endorsements are not freely given, but bought and paid for by an administration that is intent on passing its program at any cost.

http://www.newsmax.com/morris/healthcare_reform_bribe/2009/11/08/283349.html

We'd be off to the races if that happened. I still think we're another quarter or two away. I just want to see a little improvement in this Q.

I agree they could have waited for more results to come in hoping they could get a better deal but I also know they really want to get going on getting this NI43-101 for next year (and plan the 2010 drill program). Maybe they could have waited a couple months and done this for $1.50 or maybe not. I was disappointed though as I thought they had enough money to cover all of this. But I guess not. If this resource estimate next year shows that we have 5-10 million oz (or more). I think we'll all be happy!

I guess you guys are lot more negative about EVG than I am. But then I never put more than 5-10% of my investment portfolio in all my penny stocks combined. It makes it a lot less stressful but still gives you the potential to make some nice return. I'll take EVG under a buck with the potential of a multi-million oz strike.

Leviticus 20:13 KJV

If a man also lie with mankind, as he lieth with a woman, both of them have committed an abomination: they shall surely be put to death; their blood shall be upon them.

Leviticus 18:22 (King James Version)

22Thou shalt not lie with mankind, as with womankind: it is abomination.

Maine Gay Marriage Defeat May Halt Military Change

Wednesday, November 4, 2009 5:56 PM

By: John Rossomando


The decision by Maine voters to repeal a state law legalizing same-sex marriage is energizing supporters of the ban on gays in the military, who hope Democrats will recognize the political costs associated with repealing the policy and back down.

Gay activists have cited polls indicating the public has changed its view of letting gays, lesbians and bisexuals serve openly in the military. The Human Rights Campaign, one of the nation’s largest gay activist groups, cites a poll indicating 75 percent of Americans believe gays and lesbians should be allowed to serve openly.

This, they say, compares with 62 percent in 2001 and 44 percent in 1993 when Congress passed the current law banning gays, lesbians and bisexuals from serving openly in the military. This law is distinct from the "Don't Ask, Don't Tell" policy President Bill Clinton introduced the same year that allows gays, lesbians and bisexuals to serve in the military as long as they do not disclose their sexual orientation.

Opponents who support the bill, called the Military Readiness Enhancement Act, sponsored by Reps. Ellen Tauscher, D-Calif., and Patrick Murphy, D-Pa., which would repeal the 1993 law say 13,500 service members have been discharged under the law. They also cite a 2005 GAO report as a key reason to repeal the ban. It indicated approximately 800 individuals with “mission critical” skills in the areas of linguistics, medicine and intelligence gathering among others had been discharged under the ban.

The proposed law would allow lesbians, gays and bisexuals to serve openly in all branches of the armed forces.

But proponents of keeping the ban in place say the Maine vote sends a clear signal that the polls do not square with reality.

“I think the vote in Maine — the 31st state to affirm traditional marriage — completely discredits the notion that civilian polls make the case for the repeal of the 1993 law regarding homosexuals serving in the military,” said Elaine Donnelly, president of the Center for Military Readiness. “The opposition, those wanting the repeal, keep pointing to these civilian polls, but they are not relevant because most civilians, first of all, do not understand the culture of the military.

“When you see the vote in Maine, a liberal state, that when they go into the voting booth, people do care about traditional marriage … and it ought to be considered by any member of Congress considering repealing the 1993 law.”

The law’s passage, she said, was a nonpartisan issue because it passed both Houses of Congress with overwhelming bipartisan margins.

“I happen to believe there are a number of Democrats, particularly on the armed services committees, who do not want to repeal this law,” she said. “They are not going to vote for the [repeal] that Rep. Patrick Murphy and other people in Congress want to impose on our military.”

She warns repealing the ban could pose an electoral risk in the light of the Maine vote.

“The [current] law is composed of 15 findings that very carefully set forth the difference between the military and all other institutions of American life,” Donnelly said. “People in the military live in conditions that are called ‘forced intimacy.’ That means little or no privacy, and they don’t get to go home at night.

“They live in the same circumstances with people not of their choosing around the clock.”

Allowing openly homosexual individuals into this environment, she says, would be tremendously harmful to morale because it would be tantamount to putting men and women in the same barracks under close quarters.

“It would not allow for modesty or privacy when it comes to sexual matters,” she said.

Donnelly also warns the bill would impose a zero tolerance policy for anyone who disagrees with the policy.

“That’s what happens when you try painting an issue such as this as a civil rights issue,” she said. “It is not a civil rights issue, but what it means is anyone who disagrees starting with the chaplains or anyone who for any reason might be concerned about good order and good discipline and morale ... would be subject to denial of promotions and other penalties.”

Denying a promotion to a service member, she said, is tantamount to ending his or her career.

The Servicemembers Legal Defense Network, an organization dedicated to repealing the ban, however, claims the younger generation do not care about whether or not a fellow service member is gay. The groups cites a 2006 Zogby poll saying 73 percent of current service members are comfortable with people who are gay, lesbian or bisexual as evidence of their contention.

The group also says one in four U.S. troops who served in Iraq or Afghanistan knows a member of their unit who is gay.

Calls to the White House, Human Rights Campaign and Murphy’s office seeking comment were not immediately returned.

http://www.newsmax.com/insidecover/maine_gay_marriage_troops/2009/11/04/281804.html

Brit Hume: Intensity Has Shifted to GOP

Tuesday, November 3, 2009 11:57 PM

By: Dan Weil

Brit Hume, senior political analyst for Fox News, says Republican Chris Christie’s victory in the New Jersey gubernatorial race shows a shift in momentum toward Republicans.

Christie defeated incumbent Democratic Gov. Jon Corzine.

“Democrats had the intensity a year ago,” Hume said Tuesday night. “They turned out record numbers. Now the intensity is all on the other side.” He cited the tea party movement and other protests as proof.

“We have a different atmosphere in this country than one year ago.”

Karl Rove, former senior adviser to President George W. Bush, noted that independents shifted from supporting Corzine four years ago to Christie this time around. “This state is bad news for Democrats. Republicans were outspent 3 to 1.”

Fox News political contributor Juan Williams agreed. “This was a loss for the Democrats. The Democrats control the state.”

The problem for Democrats: “The people who voted today are not the same as 2008,” Williams said. “Fewer young people, blacks and Hispanics voted this time. People who did turn out sent a clear message of discontent.”

Joe Trippi, who ran former Gov. Howard Dean’s failed 2004 presidential campaign, said that while Corzine’s defeat was bad news for Democrats, “This is really about throwing out the ‘ins.’ . . . Incumbents from both parties are in trouble.”

http://www.newsmax.com/insidecover/brit_hume_momentum_gop/2009/11/03/281300.html

It has begun!

Obama Election Defeat Termed 'Astonishing'

Tuesday, November 3, 2009 11:16 PM

By: David A. Patten

The Obama freight train that has been steamrolling American politics ever since his election one year ago ran squarely into a political brick wall Tuesday night, as Democrats suffered stunning setbacks in the Virginia and New Jersey gubernatorial races.

The big surprise: New Jersey, a blue state where Obama invested significant political capital by pulling out all the stops to try to put incumbent Democratic Gov. Jon Corzine over the top.

The president personally campaigned for Corzine three times, taped "robocalls," and sent his vice president to make two more appearances.

Yet despite the president and vice president repeatedly putting their personal prestige on the line, and despite a $10 million Corzine advertising advantage, the incumbent was unable to turn back the wave of dissatisfaction with the economy and high property taxes.

"There is a reason Obama went in over and over in Virginia and New Jersey," Wall Street Journal columnist and author John Fund told Newsmax. "He was worried what this would do to spook blue dog Democrats on healthcare . . . he was right to be worried."

GOP strategist Roger Stone told Newsmax, "The bloom is off the Obama rose."

Even Democratic strategist James Carville said the results show the GOP is “all gassed up” and suggested that the Republican sweep may undermine Obama’s legislative agenda, including his healthcare reform plans.

Fox News contributor and author Dick Morris describes the New Jersey result as "astonishing in a core Democratic state."

"It shows the apathy of the Democratic base, the erosion of the Democratic base, and the intensity of the Republican electorate," he told Newsmax.

With nearly all votes recorded, GOP challenger Chris Christie, 47, a former corruption-busting attorney general, becomes the first Republican in a dozen years to seize a statewide office in New Jersey.

Christie was declared the winner with 49 percent of the vote to Corzine's 45 percent. Corzine's defeat marked only the third time in the past 60 years that a governor in the Garden State lost re-election after serving only a single term.

Morris predicted, however, that the GOP sweep in Virginia of the Old Dominion's top three offices — governor, lieutenant governor, and attorney general — will have an even bigger impact on the nation's debate over healthcare and energy cap-and-trade.

In Virginia, Republican Bob McDonnell won the election over Democrat Creigh Deeds by a whopping margin of about 20 points. Obama, who carried both New Jersey and Virginia handily a year ago, had campaigned for Deeds as well.

"That sends a message to the 83 Democratic congressmen, who come from red states that [Sen. John] McCain carried, and the 20-plus Democratic senators who come from those states. And that message is you cannot count on Obama to carry you through. If you vote for a healthcare proposal that people don't like, you are on your own. And if Obama couldn't bail out Corzine in a blue state, and he couldn't bail out Deeds in a borderline red state, he can't bail you out."

That, Morris said, will have a heavy influence on the debate over the Obama administration's big-government legislative programs. The will affect the administration dramatically, he said, adding, "In retrospect this really could be seen as the high water mark of the Obama administration."

The results signal that the entire healthcare package is in trouble, and not just the public-option aspect of it, Morris said.

"Obama until now has not cared what the American people think. His whole approach has been just, 'Trust me, I won the election, and all the rest of you can get lost.' I think after tonight he can't say that anymore."

http://www.newsmax.com/headlines/obama_new_jersey_virginia/2009/11/03/281284.html

Well I think we all knew they would need more money down the road but I also was hoping it wasn't until at least 2010 after they had a resource estimate. We'll see how she reacts the next few days/weeks. My investment in any one OTCBB is always small because of the risk factor. Long term, EVG may be a huge winner if they show proven gold reserves of 5-10M oz or more next year. I may even add shares over the winter if we move much lower. We'll see.

Could be. At least for a bounce.

I'm sure everyone made 6 and 7 figures on DPDW the way up. All traders are millionaires aren't they? That's why they post on I-hub. LOL! Good grief.

I used to play some pinks but not anymore. I stick to only OTCBB and up. Easier to make money! As to DJRT.ob, I still think they just need to show that they can make money each quarter and not just an occasional quarter during peak season. It won't take much with our low O/S and hopefully these new tracks coming online will make a difference in the next couple quarters. For a nickel, It's worth a few bucks. GL!

DJRT is a fully reporting OTCBB. I know some like to call OTCBB's pinkies but there's a big difference.

Short but good interview. Sounds like all the cores will be at the assayer by mid December (most are in now) with all assay results done by 3rd week of January. We're still pending 51 sample results in the next couple months. Should be quite interesting.

And Quinton said they'd have an updated 43-101 sometime around the second Q of 2010.

That's material (if true) information that should have been released in a PR. That's how insiders trade and spend time in jail. Pure bs if you ask me or giving out information in a improper way. But why do I care I haven't owned this in eons. I guess I care because it's been a fun soap opera. Check back in a few months and you haven't really missed anything. LOL!

That could be huge for DPDW in a couple years.

Would you guys make sure we close at a quarter or more at the end of the day. It sure would make for a nice weekend.