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The FAA has not banned Baltia from telling us anything.
Hey MT, I'm having a wee bit of trouble believing your PM "88m OS not pumping you it."
Unless my calculator is broken, the O/S generated from the debt conversion stated in their quarterly ending 3/31/2015 is: 6,872,700,000.
(A) These promissory notes were issued to the same entity lender on April 15, 2010. The notes provide that upon an event of
default that is not cured within the allotted time, the holder shall have the option to convert the outstanding principal and interest
into shares of common stock at a conversion price of $0.00001 per share. The Company has defaulted on all three notes and has
failed to cure the defaults within the time allotted specified in the note default provisions. The $100,000 notes including accrued
interest were settled in the amount of $140,000 of which $68,727 were converted into common stock during the year ended
December 31, 2014.
http://www.otcmarkets.com/financialReportViewer?symbol=ICNB&id=141203
So Tony is violating the fair disclosure rules that Baltia posted on their FB page?
There are 51 State Courts?
We heard this same crap last year when looking to 2015 for start of operations, and we'll be hearing it again next year and the year after...
So how many billions of shares will Brian Weber have to sell to pay for NASCAR's promotion of BBDA?
Have Brian talk to Bill Davis Racing, they've probably forgotten all about TSXT sponsoring one of their cars. If I remember correctly it was the 36 driven by Jeremy Mayfield.
Do you see a Z listed on any of the SDRs related to the known failures?
Oh yeah those dirty shorters are real threat to Baltia. How can the SEC allow let these massive short positions to be held?
http://www.otcmarkets.com/stock/BLTA/short-sales
We would like to see references to the "6 tries average" source.
The FAA is not holding Baltia back, Baltia's crack management team is doing that.
America's Newest Airline, Eastern Airlines, completed their part 121 certification process in less than 15 months. Baltia is coming up on it's 26th anniversary of being a start-up company.
Why didn't Baltia just put the spare slides on and redo the demo the next night? I seem to recall a "highly reliable source", that holds 11.2% of the O/S telling us they could do that, many, many, months ago. They probably could have been done with the proving flights by now if they had of.
I suppose with this being such a massively, complicated yay or nay decision, the FAA is going put the vote before both houses on the 'Hill.
Since the ditching excercises were NOT done the next night. Then Mini #7 was NOT a pass was it? If it is NOT a pass then it IS failure #7.
So much finality for failure #7. Choover called it the Final Demo, LT told us when the Final countdown had begun, and now your telling us that Baltia should get the Final determination this week. So if the failure #7 is not over turned there will not be a demo #8 for N706BL.
"Failures were announced within hours" by whom? None of those announcements came from Baltia did they?
The only chance Baltia will have of hitting a buck is when N706BL gets towed over to Kalitta's scrapyard.
Baltia has no earnings. They have never PR'd anything about the 7 failed minis by choice.
Don't forget the next generation of KU will be infused with Pond Scum from ISGP.
Hmmm, if everything worked as it was supposed to, then a crew member screwed up again. Only 5 of the first 6 failures were due to component failures.
Baltia was conceived in August of 1989 making it a 26 year old start-up, and Baltia Does have over 6.6 billion shares outstanding.
How many other failures has he been wrong about? Which FAA and SEC regulations have Baltia's hands tied?
That was expected last week. Proving flights were also expected in May & June.
Why should he have to go into details? Baltia never has.
Just about every Stinky Pinky Land stock has their own version of Weber & Fletcher.
That was Baltia's first plane N705BL. It was scrapped, as will their current turd N706BL.
http://www.planespotters.net/Production_List/Boeing/747/21035,N705BL-Baltia-Air-Lines.php
Don't count on an eighth attempt.
They were not scratched from the "Thunder Over Michigan Airshow". They could not afford the minimal sponsorship package this year. Plus they're still reeling from Barry's foot'n mouth fiasco last year.
You are correct. The FAA does not have the authority to forbid Baltia from meeting their SEC requirements.
Any word yet of which steward opened the wrong door yet?
People are still waiting on a REAL announcement from Baltia regarding the first 6 failures as well.
So now we can apply faces to the failure of Baltia's final demo. Which one of them opened the wrong door?
That does not cover a failure due to human error. The previously posted ones only covered 5 of the 6 failures.
Are you sure?
"One thing that differs from Baltia's certification process as opposed to all the airlines is the fact that the SEC is involved."
So are we still waiting on that government agency to complete their part for the other 6 failures as well?
The SEC is involved with Baltia's certification process? Well that would explain the 7 evac failures. They must have been installing the slides.
The crew had to complete the demonstration within 90 seconds. JD stated
"The crew once again broke a record (and broke their previous record)....doors open and slides deployed in 10 seconds or less."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115780849
I wonder if they overlooked something in their speediness? Maybe they should take a couple of extra seconds to make sure.
How long do you think it should take to fill out the report?
http://fsims.faa.gov/wdocs/8900.1/v03%20tech%20admin/chapter%2030/03_030_008.htm
Igor you should stop pouring money down the 0-7 N706BL drain. Go back to your original plan from the 90's. Back before you pissed away well over a $100 million of investor's money. Back when you were trying to start the company using a leased airplane. Kind like America's Newest Airline recently did. They completed their Part 121 certification in about 15 months and commenced operations back in May.
Down again with the market? Really? The DOW is down 0.03% BBDA is down 33.3333%. I guess it is difficult to see the difference with BW's colon wrapped around your eyes.
I disagree. As wasteful as our government agencies are, they are not going to grant an unlimited amount of do overs. There was a specific reason for the doors being sealed for the last do over. With the seals intact, going into "the final countdown," Baltia cannot claim sabotage this time.
There is no future if the mini failed for the 7th time in a row Tuesday night.
Lord knows it'll take several months to finish the paperwork for a 90 second test. They've probably only gotten to the second block by now.
http://fsims.faa.gov/wdocs/8900.1/v03%20tech%20admin/chapter%2030/03_030_008.htm
"The final countdown has begun." So there won't be another if this one failed last night?