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.
The one thing I forgot to mention was a comment that Barry Clare made. He stated that part of his job is to find investors. If he had any knowledge or even thought BLTA was going bankrupt he would not try to get new investors to join BLTA. It's not his nature to lie and cheat people out of their money. Why risk your freedom and your life's work because you will go to jail due to the new laws and regulations aimed to prevent/stop companies from scamming investors. Again the FAA wouldn't waste their time and effort if they suspected that BLTA wasn't serious about certification muchless the company being a scam. Those calling BLTA a scam or the whole certification process a scam is being disingenuous at best.
Well it could be sooner as Barry stated. Either way it's going to happen and all the issues are going to be resolved since they have adequate time to do so.
Agreed. My only regret is not having any cash to buy up shares from those that sold due to one persons post.
Spoke to Barry Clare, Investor Relations and Brian Glenn, who is in charge of the Stewards.
According to Barry the Mini-Evac is planned for the end of Feb. He can't confirm a date because he doesn't have one to provide. He did say that it could be sooner or even later, into March. Either way the mini-evac is going to happen. He reiterated his commitment to BLTA getting certified and with only the mini-evac and then proving flights, BLTA will get certified or he wouldn't be there. He has no knowledge about a check or series of checks bouncing.
Brian Glenn stated that he has his core of 15 Stewards and is currently interviewing and hiring enough stewards for a second training class. They have had some attrition but that is normal with a start up. I inquired about the pilots and even though he isn't responsible for the pilots he stated that all pilots, FO, and FE are still with the company. Brian confirmed that each steward is not on the payroll and won't be until BLTA gets certified and that each employee is basically a consultant. The majority of employees are being paid as consultants.
Take this info for what it is. Both Barry and Brian are very excited about the future of BLTA and are confident about getting certified...not if but a matter of when. One would have to wonder why on earth would BLTA go thru this whole endeavor/process and is only two hurdles away from certification only to fold/give up or even scam investors? If the FAA thought this company was a joke or scam the FAA wouldn't be involved.
Management needs a pay cut and get the actual people working in the trenches paid. How does a company get this far into certification and are having payroll checks bounce? Will be calling BLTA HQ today.
Picked up another 671k shares at .0176-.0178 today. Hopefully we see a PR for a successful mini-evac soon and then on to Phase 4!
I hear ya brother! Can't wait for that to happen. My only regret this week was buying 55k shares of ELTx instead of 550K of BLTA!
JUST A REMINDER:
BLTA's Christmas party is tomorrow contrary to what has been predicted the past 3 weeks by many.
Christmas party isn't PRed, no transparency.
Companies don't have to PR anything unless it is required to. Mechanical/Procedural failure of any sort during a certification process is not a material event.
Link? Nothing showing up on Schwab or Etrade.
At this point heck no. I plan to sell on the next pop and hopefully it's news that BLTA is now offering round trip tickets thru their website. Maybe with that PR the stock will hit .035 and then I'm out. I'm only holding 1.5M shares but bought at a much higher price.
Who needs debt when you can just print and sell shares? With all the shares printed I would hope this company doesn't have any debt.
Share Structure! How can the PPS rise with nearly a 6B share count? Doesn't matter how rosy some of these members paint the share structure. Bottom line is the market knows and its a true reflection of what this company is worth. I'm praying it will at least hit .035 cents so I can dump my shares.
18 locations? Why not just concentrate on getting another store open muchless talk about 18 locations? Talk is obviously cheap and us investors need to start seeing some results.
Lets all be realistic. With an O/S between 5-6B shares don't expect the PPS to ever hit $1.00 as some are suggesting. REALISTICALLY it would be a milestone just to hit .25 with one plane flying. Management has to do something about this share structure as soon as it can.
As some pointed out... $90M and only one plane I would expect BLTA not to have any debt! The A/S is ridiculously high and the float is as high as 1B-1.9B? I don't care who holds the majority of the shares the share structure of this company is a joke.
Medical marijuana laws reduce prescription painkiller deaths
By Jessica Firger
CBS News
August 25, 2014, 6:19 PM
States that have legalized the use of medical marijuana to manage chronic pain and other conditions have a 25 percent lower rate of deaths from opioid drug overdose than states where medical marijuana is illegal, according to a new study. These findings suggest laws that make cannabis available to manage chronic pain and other illnesses may be useful in the U.S. health care system's uphill battle to reduce prescription painkiller abuse.
The researchers at Johns Hopkins Bloomberg School of Public Health and the Philadelphia Veterans Affairs Medical Center found rates of death from prescription painkiller overdoses climbed steadily from 1999 to 2010. But in states where medical marijuana use is legal, the rates of overdose were, on average, 25 percent lower. The study looked at data on death certificates from the Centers for Disease Control and Prevention.
"In absolute terms, states with a medical marijuana law had about 1,700 fewer opioid painkiller overdose deaths in 2010 than would be expected based on trends before the laws were passed," said the study's lead author, Dr. Marcus Bachhuber of the Philadelphia Veterans Affairs Medical Center and the University of Pennsylvania, in a news release.
The study, which was published Monday in the journal JAMA Internal Medicine, does not indicate that patients with access to medical marijuana aren't using prescription painkillers, but rather that they may be using them less frequently, which could lower risk for overdose.
Prior to 1999, medical marijuana became legal in California, Oregon and Washington states, with another 10 states legalizing use in the decade that followed. There are currently 23 states in the U.S. where medical marijuana is legal.
But while some lawmakers remain wary of passing laws that ease restrictions on marijuana, the rates of overdose from prescription painkillers continue to skyrocket. Earlier this month, an investigation conducted by Consumer Reports found prescriptions written by doctors for addictive opioid painkillers like OxyContin, Percocet and Vicodin have increased by 300 percent in the last decade. In addition, deaths from overdose are up 400 percent since 1999.
Doctors who prescribe marijuana do so in order to help patients manage pain and discomfort from conditions such as cancer and multiple sclerosis because they say the drug is less addictive than prescription painkillers. But opponents argue that regular marijuana use can be equally dangerous to narcotics. Currently, cannabis is classified under the federal Controlled Substances Act as a Schedule I drug, the strictest classification, along with heroin and LSD.
Bachhuber and his team say more research is needed to clearly understand the long-term impact that may come with using cannabis, even for patients who are seriously ill. Among other things, opponents of medical marijuana worry that expanding access may increase the likelihood that young people will abuse the drug.
LOL so you're another sheep that believes that the federal gov. is the answer to all your problems. You're going to be in a world of hurting someday in the future.
Most people don't understand why we buy precious metals. The largest transfer of wealth occurs during an economic crisis that always involves some form of "paper asset". Buying stocks is not investing unless it pays a dividend and if it doesn't pay a dividend then it's another form of gambling. I'm gambling my currency in the stock market and when I can I always turn around and use the funds to buy a real asset such as gold/silver.
You're laughing at someone that buys real assets? I used to be like you, ignorant. Since you have no clue I'll fill you in on a secret. Buying physical gold and silver is a hedge. 125yrs ago a $20 bill was worth 1 oz of gold and vice versa. Each could buy you 400 loaves of bread. In today's time how many loaves of bread can you buy with $20? I know an ounce of gold could buy you roughly 635-650 loaves. Go ahead and keep laughing at those that buy physical gold and silver. In the next 20yrs they will be laughing at you and all those that trusted paper assets, paper assets that can be printed, DEVALUED.
Can't remember entirely. If you look up my past post you can see but I think it had something to do with selling tickets 45 days before actually getting certified. I believe I stated sometime in Sept. of this year but can't remember. Either way I was shocked to get the message on my cell phone.
And then I'm out even taking a loss. This is too depressing of a stock to be in. One should never invest in a company with over 3B in their O/S with NO REVENUES! Will never take a stock tip from a buddy that didn't do any DD which was entirely my fault. Red flags should of also popped up when Barry Clare called my cell phone stating I misquoted him on this message board...no self respected executive from a company would ever do that.
Disappointing that they still won't post pics of the interior.
Agreed:) I just picked up another 250k shares at .0285. Hopefully it doubles by the end of the month.
Only reason I bought this stock is the low OS and float compared to all other MJ stocks. News of another store opening, strong earnings from current store, or the approval of rec use in Oregon will send this company to new highs.
Should of sold my shares when I had the chance just to break even.
Wish i had some funds to buy more on this slight dip. You are right about the rev's...can't wait to see'em. PPS should be significantly higher.
Agreed! EOM.
With only a 23M float and over 500k shares traded daily we could see this thing take off to $1.00+ with any good news about the dispensary revenues. Or the opening of an additional store. Either way get ready for a ride because it hasn't taken off yet.
I never get tired of seeing that video...thx.
I've been chasing the ask since .128 last week. Everytime I place an order of 25k shares or more they move it up! I'm finally done at 151k shares. It only proves that any buying pressure will move this stock significantly higher due to the low OS.
LOL so today we are cheerleading???
I'm a Floridian and what Rick Scott has done for this state is nothing less than great. He has turned a budget that was in the red to black. He has added over $1B to our education system. Unemployment has dropped under his watch and more businesses are opening up shop. Tourism has drastically improved as well. Rick Scott will pass the legislation as long as Floridians vote for it in November which he has already stated. The problem isn't Rick Scott it's going to be the older voters of this state.
They won't be open for business long if they are charging $30 a gram or $1k an ounce, ouch!
Thank you! EOM.
Anyone know when the company will release their next earnings report, ballpark date?
Ya all gaps fill in pennyland. There is another one at .1125-.115 if I'm not mistaken. Might place an order at that gap to fill it.
Tried to buy 145900 shares at the ask price of .128 and the MM's took it to .1305. Cancelled and will try again tomorrow. I like the low OS compared to most MaryJane stocks which are close to a billion shares for most. Plus the company HQ being from my home state of FL which means they will open stores here once it becomes legal. Sold 50k shares of my favorite pharma stock, ELTx, to try and buy 145k shares of this company. Hopefully it drops more tomorrow so I can pick up at least 150k or more.
As each day passes we are getting closer to training completion on various fronts and closer to certification. Can't wait for the ticket sales PR. That alone should send the PPS much higher than .03!
I'd would rather see some sort of share buy back, no matter how small, before a R/S.
Just got off the phone with Barry Clare VP of Investor Relations/Finance and he confirmed that they have spent plenty of money on training. The plane passed both scheduled maintenance, C and C4. Flight training was started and then stopped during the maint. checks and will resume. They expect to receive their go ahead in July/August and will be able to sell tickets 45 days in advance. He stated that everything is moving as planned and the expectations are they will be certified.
Call investor relations yourself if you have any concerns. Barry called me back in a timely manner, within 5 mins of leaving a message.
Barry Clare
Vice President of Finance
Telephone: 1-718-244-8880