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LoL, who are these investors "mulling"? I'd like to know who they are and what all the "mulling" is about? Picture the judges reaction when you tell him I want to sue Baltia because I invested in thier penny stock! Mwaaa Mwaaa!
I can't wait till a moderator deletes all your posts.
INO - Alan F Agenda ... My opinion. Alan F. seems to me as a "necessary evil" on wall street to help investors who consider themselves as "missing the boat" when it comes to stocks showing great potential. I can totally picture Alan F recieving a phone call on a "special cell phone" letting him know, "it's time again!" and Alan already knows what he has to do as he slowly hangs up this alleged cell phone of darkness. I can picture him reflecting back to a time when he agreed to become this necessary evil by request from influential individuals. He's ok with being the guy that's hated as long as he's capable of realing the boat close enough so these individuals can hop on and sail off with the passengers who were already on.
That's my take on it and what I trully visualize as I waste life thinking about this DB.
Actually, I do expect the stock price to decline early on(presenting another buying opportunity...cha ching!) and then I completely expect a steady rise once the fear mongering subsides.
INOVIO RESPONDS - FRESH OFF THE PRESS - JUNE 11, 2014 FROM INOVIO'S WEBSITE;
http://ir.inovio.com/news/news-releases/news-releases-details/2014/Inovio-Pharmaceuticals-Clarifies-Facts-of-its-VGX-3100-Phase-II-Trial-and-Immunotherapy-Technology/default.aspx
INOVIO RESPONSE TO AF's article
Just a reminder...an entire website dedicated to exposing Adam Feuerstein... www.exposeadam.com
Inovio describes Adam F's article as MALICIOUS AND MISLEADING.
Please place this as a sticky for this board
We all have to take into consideration that all the airlines mentioned in last few posts did not go through the same exact FAA certification process as Baltia is currently going through. Correct me if I'm wrong but Baltia will be the first airline to be certified post 9/11. Baltia is facing the strictest FAA certification process ever and should probably write a book after all is said and done on how strenuous this entire process has been. Yes, I'm long BLTA and what? That's my disclaimer.
I was going to link this article but you beat me to it. Great job!
Today has taught me a great lesson. I realized that men like Adam F exsist and I too should profit from thier schemes. So when an obvious short article gets published like the one we saw today...instead of looking at it as a loss of capital, I have to look at it as another buying opportunity to take a larger position on this stock at a cheaper price. Let's take advantage of the opportunity presented here and profit from the scarecrow that was planted before us. lol Thanks Adam, you just made my day.
www.exposeadam.com
Before anyone jumps to ill informed conclusions... there's an entire website dedicated on exposing Adam F. YES, AN ENTIRE WEBSITE DEDICATED TO EXPOSING HIM. Take the time to read and then decide what the real motives behind today's article truly are.
Orvie is your best bet. Ask him.
Dr. Kim is an intelligent man. This, in my opinion, is a good indicator that there is good news on the way.
So RS fears behind us...What's next? Who's excited for phase 2 data?
Hey, iCNN reports have been referenced on this post to spin the positive side and everyone cheers on them when it's good news. Him referencing the iCNN would be the equivalent. The problem with the article is the claim that investors are upset and it pictures all doom and gloom. If you attack using the iCNN reports, your pretty much attacking speckulater who's intentions seem to keep us all informed.
iCNN reports are opinion pieces also that should be read with a grain of salt while understanding that they are meant to be informative in nature and not official notifications from Baltia. Which I'm sure you all know.
Read Post#22918. It breaks down real quick all the holes in that "opinion piece". Probably one of the penny flippers that drive the stock down on a daily basis to then sell higher.
Just an FYI, I use Charles Schwab's optionsxpress website and the moment I woke up this morning, everything reflected correctly and I'm capable of making trades on INO.
I'm loving this company. It was actually an act of God that made me stumble upon it and I took my first position back at .064 a share last summer and I've been enjoying the ride since.
I love what they represent and what the possibilities are for mankind as a whole if thier methods become mainstream treatment for numerous diseases. The simple fact that they can develop possible treatments in such a short period of time (minus all the red tape of clinical trials and FDA approval) is game changing. I trully back this company up 110% regardless of how much profit I make. The profit is just icing on the cake.
Just to clear things up a bit. My disclosure....yeah I own Baltia stock. Do I want to profit from the the value going up, absolutely.
One thing I want to make clear is that I'm a realist. I like dealing with reality...not opinions nor assumptions. So when I question a post, it's to gain clarity on a situation that's presented by that post.
So from what I gather from the whole Bolanos purchase, I have to agree with starchaser that this was more of an internal move that was probably necessary to occur in order to keep things afloat rather then an infusion of cash. Sort of like when a particualar bank (which I happen to work for) moved a couple dollars from here to there and Viola, we reflect a profit for the quarter. So something along those lines in order to keep business going. Some might look at it as a positive thing some might look at it as an attempt to scrape the bottom of a barrel. That's more of a personal perspective thing.
All of these actions, regardless of time restrictions, regardless of past performance (even though it can be used to predict future outcomes, i know this) regardless of any outside uncontrolled forces like the FAA and all thier requirements... I see commitment here to get this airline up and running. That is all I see, and I like what I see as an investor. Every company formed faces problems, the question is, do the people who are running the show there at Baltia adjust and adapt to these issues. With all that has happened in the past 2 years I can say confidently the answer is yes. Is there still a long to do list...absolutely. Is there a question of weather there are enough resources to continue this to do list, absolutely. I personally think that there is a committed resolve here at this company to do whatever it takes to get this going at whatever cost. The point of no return past a long time ago and theres no turning back. this company is a go because they're knocking at that front door and it will be opened. So talk about this concern, talk about that issue at the end of the day luck is not required so we don't need the GLTA's anymore, we just need results and that's what we are going to get!
Orvie, thank's for the update. Greatly appreciated.
One word - Touche!
Ok, so at the end of the day, regardless of what letter was in what box on which form.... does this equate to new funds that Baltia can use to further operations or not?
7 days away from June 12th. I'm not sure if I should be excited or worried but the mere suspense is exciting! I wish orvie would go to the hanger and give some sort of update if possible. If anyone knows how to contact him, let him know we need him right now! =)
This stock is up about $2 a share since I looked at it. I knew having SDRL involved would bring the share price up at some point.
I would also like to add that the verbage used in this agreement for loan repayment is legally binding. So if this was a loan repayment, as flyersfan leads us to believe, the verbage would clearly have to state that the loan repayment has to begin one year from the date the loan was issued or the modification date or else this would not hold up in a court of law if Baltia were to default. If this truly were the case, the person who drew up this agreement needs to be fired for putting the lender at risk.
The verbage clearly states, "one year after revenues from flight operations" (for interest accrual up to date)and that is the only statement a court can uphold. At the end of the day I believe this was just a big coincidece that got misread.
If the aniversary of the modification was on March 31st 2014 then the interest accrued on the loan was also repayed two months and two days late since the 30 million share transaction occured on June 2nd and also not for the full amount since it falls $45,000 short based on another posters calculations. I say modification because the loan was originally given back in 2010.
Too many holes in this story. This clearly looks like a totally different transaction having nothing to due with a loan repayment. I guess that's my spin on it.
The Company will pay accrued interest to date on or before the first anniversary of the date upon which the Company commences its revenue flight operations.
If march 31 2014 was the first anniversary of the date upon Baltia obtaining revenue, I would have cashed in the profits of my shares a long time ago. Baltia obviously isn't operating yet. It just doesn't seem like a loan repayment to me. Looks more like a needed cash infusion to keep this going on it's final run. I guess that's my spin on it.
Correct me if I'm wrong... (I'm not perfect here) but what I'm gathering from this link Spekulater shared with us:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10028817
It looks like Bolanos purchased the 30 mil stocks and Eastern Construction & Electric company is labeled as Indirect Beneficial Ownership. So forgive my lack of formal education into reading one of these SSEC form 4's but it looks like he purchased these shares on their behalf. That doesn't look like a loan repayment to me but a new infusion of cash into Baltia.
Being that BOLANOS VICK LUIS is the president of Eastern Construction & Electric company....are you 100% sure that this is a loan repayment? If so, please shed light on how you came to that conclusion.
Reminder, I'm sure you been doing this longer then I have, so If I missed something here.. just point it out.
PS... I'm sure weasaldawg will repost some out of date information after this post. Stay tuned!
Once again...who is they and when did said "they" claim such things? And who are these people titled as "major investors" and what makes them different then the "not major investors"? (besides amount of Capital invested... did they get special pricing, ect...)
sound's like progress to me
You da man!
I just went on their Facebook page and did not see this announcement. Can u post a direct link to this announcement if possible?
See...now that's great news!
I've known about Baltia since 2003 but did not obtain a position till August of 2013 where I finally felt it was time to take a position as an investor. I personaly never have contacted Baltia but I do have plans on stopping by thier terminal (if possible) at JFK hopefully within the next 30 days. From what I gather, calling thier investors relations hotline, which you can obtain off thier website, is probably your best bet. If I ever decided to do that, I would obtain specifics on who I'm speaking with, on what date and time and what what was specifically discussed before posting any outcome of said phone call. That way I don't provide an opportunity for someone to downplay the information shared as it can potentially be flipped either way via inflating or as an excuse to short the stock price.
At the end of the day, no matter how much it's true that a stock should reflect actual book value of a company, emotions and manipulation are what truly drive stock prices....especially in the OTC markets.
PS... I get a great vibe from Orvie, so when he post I usually take it as God given truth! (I'm exaggerating a little there lol) He's there on the ground in Michigan so I tend to trust what he sees and reports. Hopefully he will never take advantage of that =P
When you say, "over there" do you mean at Ysplanti, Mich? thanks for the prompt response.
Who and how were you informed of this?
BALTIA REPORTED $529,944 IN CASH!!!!
That's not a typo..that is FIVE HUNDRED THOUSAND dollars!
Thank you for the clarification on this matter. Greatly appreciated.
Thank you for the prompt response. Is this precisely what you did and if so, what was the outcome of the conversation because this is very important as investors for us to know.
I just read this comment. How do we go about seeing this for ourselves?
Looks like this website tries to keep up to date info on Baltia and writes thier own articles. I don't see anything different then the regular PR Newswires out there but just another place for us to bookmark and see if anything else pops up. Enjoy:
http://worldairlinenews.com/category/baltia-air-lines/
Yes.... "IF" and this is a big "IF" the average company traded at book value, our entire economy would collapse over night, because I'm pretty sure a large percentage of stocks trade way above book value. At the end of the day, this stock is going to trade for as much as a person is willing to pay for it. Do the same math equation on any major traded stock and you will be surprised at the numbers you pull up.
One thing I do want to point out about my last post... There is a major difference between how American Airlines became a publicly traded company in comparison to how Baltia has been on the OTC for years now. When American Airlines became public traded, it was already generating income and I'm sure that's the reason for such a dramatic price increase if the story in the referrenced report is true. So none of us should expect such a dramatic price jump.
In response to a comment that was deleted in response to my American airlines comment earlier in these post, I just wanted to share some links. This might seem off topic for a second, but bear with me as it pertains to how airline stocks trade once FAA Approval is given eventhough Baltia will be a first of it's kind due to it being the only airline to ever go through such a rigerous FAA certification process. The response I recieved, that was deleted for some reason showed how American Airlines traded from 1962 till I'm guessing when AMR stopped being thier ticker and was switched over to AAL after the merger with United Airlines. But according to this link from American Airlines own website:
https://www.aa.com/i18n/amrcorp/corporateInformation/facts/history.jsp
They state: American Airlines began trading on the New York Stock Exchange on June 10, 1939.
So taking a snap shot off of Yahoo finance doesn't show the entire picture. So now comes into question the claim off the iCNN report I originaly referenced:
http://ireport.cnn.com/docs/DOC-1098232
Where the author claims: As was the case when American Airlines launched to over $35/share from $0.33, Baltia may see a strong outbreak over the coming days and weeks as investors take notice of America’s newest airline.
Just out of curiosity, I would be amazed to view a spreadsheet showing all major and semi major airlines stock prices pre certification and the stock markets reaction on the day of FAA certification in the past. A list like that might give insight to how the market reacted in the past to what we are all here patiently waiting for. It might show that people overreact and sky rocket the price or it can show that people generally don't get to excited about new airline start ups. I tell you this, a $0.33 to $35 one day price move equates to life changing figures! If anyone has the time to get this put together, I'd love to see a copy of it.