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I personally would not be that concerned about a single event, yes it would be disappointing, but I would be more concerned if they did not learn anything or less determined to see a pass.
If you were right and we did another leg down, then I would use that as a buying op and average down knowing that the fundamentals and drive of the company has not changed.
Congratulations on that amount, I am at 10 million. Whether its .006 or .008 it doesn't matter to me, when we get certified we will look back and say glad we purchased under a penny per share and in my case, averaged down.
And this is why, aside from me believing the fundamentals and determination to get certification has not changed, I in the past 2 days have bought 7.5 million shares to average down to .0093 from 2 cts that is where I was when I purchased in Dec 2014.
Thank you Barry, I read you loud and clear! Nothing like the action of an insider buying stock, actions have always spoken louder than words.
The VP of finance, the numbers guy, he would usually know where the company is heading numbers wise before it hits pen to paper, on May 18 speculated by some here to be an uncertain time for the company buys 3.75 million shares out of his own pocket at .008, he is already loaded with shares, he didn't have to buy from his own pocket, what a move and signal sent to shareholders, thank you Barry, I read you loud and clear!
Interesting to see if we open in the .008s range this morning
From Baltia`s facebook page dated March 27. Please read and specifically Outside factors.......
To All Our Shareholders:
Baltia Air Lines appreciates everyone’s patience and support as we continue forward towards our ultimate goal of obtaining our Part 121 Certificate.
Please appreciate that at this time, we are dealing with information that cannot be released to the public.
Outside factors have temporarily impacted our Mini Evacuation procedure and we expect these factors to be rectified in the near future. These factors have NOTHING to do with the performance of Baltia's staff or ability of the company to achieve its goals.
Please DO NOT text or email any Baltia employee to provide information which has not been made public in accordance with SEC Regulation FD (http://edgar.sec.gov/answers/regfd.htm ).
All requests of this nature will be ignored per Baltia Company Policy and Regulation FD.
Furthermore, any information/communication that is from a third-party (i.e. online message boards, rumors, etc.) has not been verified by Baltia and should NOT be relied upon.
All other inquiries can be addressed by contacting our Investor Relations Department at (718) 244-8880.
Thank you
The Baltia Air Lines Executive Management Team
Found this on the Ihub, as of May 13.
Baltia Airlines, Inc. (OTCBB: BLTA) is a New York corporation headquartered at JFK International Airport in New York with a base of operations at Willow Run Airport outside of Detroit, Michigan. Baltia's goal is to become the leading U.S. airline in the Trans-Atlantic market between the major U.S. cities and capital cities of Europe.
So far this year insiders have bought over 27 million shares.
So let me get this straight, here we have insiders not just holding and accumulating through compensation pkgs but putting their own money to buy even more shares.
Got it!
Thank you and still adding, Barry I think has 145,000,000 shares already, he really doesn't need to add, unless he thinks it dirt cheap and wants to send us a message.
Does anyone know how much selling has taken place this year by insiders?
If the company was in trouble as some here have speculated, shouldn't the insiders be bailing, instead Mr. Barry purchased on May 18, 3,750,000 shares at .008, what message is he sending us.
Think about it, if these guys are not selling, they are in this until the end, end being certification.
So we ended at the high for the day. This reiterates my thinking of a flush oversold day yesterday, I am surprised we didnt meet selling a bit in late afternoon as its quite the spike from yesterday close. I will take it anyways at .0077!
This day is not only good for us shareholders but good for the company. Now that we seen a big bounce, the company is not in a position, at least for now, to give away shares and .0025 or lower based on a market price of .0054 yesterdays close. Its also good for investor sediment as panic and fear get into emotion when tanking some here put it like a falling knife.
Like a friend said to me, we are at an all time high in process to certification but the stock is at an all time low. When we touched the 52 week high, we were not as close to certification as we are today, yes we have more shares now but we are further ahead in the process, so is it ok for me to say we should be near that 52 week high now, even with more shares, we are further ahead in the process, that should offset share dilution, no?
So it was a good day for Baltia and hopefully now they dont have to give away private placements for next to nothing so to speak and that will impact future selling price points for those placements and for us investors, as we now have an environment to enjoy a bit of upside and hope that this trend continues.
It will be interesting to see if we gap up tomorrow morning and we close at .0077 or green tomorrow.
My 2 cts.
Investor sediment has shifted, not much selling the bid, at least for now.
Like I said yesterday, today is a pivotal day for Baltia stock.
Seems like yesterday was the flush.
Seems like today is a breakout, although too early to call.
Lets see what the close looks like and then hope for a gap up tomorrow.
Definitely good signals for shareholders.
This is a major reason why I bought today, why would an insider put his own money into a company that had no future and or didn't think .008 was offering value.
I paid .02 in December so now its 70% less, its on sale to me.
Nice lol, I paid .02 in December so its on sale to me now :)
filled 4.5m at .006
cost was .02 a few days ago, now .0094
I know I could have had it cheaper yesterday as my friend says but such is the stock market, I guess I look at the fundamentals, the current noise both negative and positive, in the end I was happy to pay .006.
I am on the bid at .006
The core of it is insider buys 3,750,000 shares in the perceived by many to be uncertain times for the company. Why?
I bought at .0199 but am using this opportunity to buy at all time lows and average down. I personally believe they will be successful, have to give them credit for not giving up.
During these perceived to be by many uncertain times, why would an insider be buying on May 18th 3,750,000 shares? That's about all the positive I need to buy another 3 to 5 million shares today.
I may but it again tomorrow, lets see if a bottoming occurs, imo tomorrow is pivotal day, the news is out with regards to dilution on the surface no one wants this but if it keeps the process towards certification going then I sure will accept this as good news.
A friend said the same thing, he said BLTA has never been further in the certification process but is trading at an all time low. It just doesn't make sense, all time high in process, all time low in stock price.
Imo the stock dropped to .005 mainly because people were scared the company would run out of money and not continue with the evac, this news on more shares being issued takes care of that concern. Although news of more shares being issued is bad news on the surface, its good news to keep things running and hopefully get the evac passed, onwards to proving flights, lets see what happens...
The underlying fundamentals of the company have not changed. Yes issuing more shares is not a good thing, but its the only way right now for us to get through the mini and onwards. This speaks in a positive way about the determination of the management team. I know they have failed the evacs but for them not to give up tells me they will get through this. They are determined to pass.
I bought today because there is so much negative sediment surrounding the stock that imo a huge spike is long overdue.
I think we are way oversold here.
That was my buy order filled at .0053 for 3 million shares
Exciting times as we see progress, bottomline we need the confirmation from the company.
certification = 10x current price
in a few years adding planes and routes to business plan = 100x
BLTA has this kind of potential
Exciting times but lets say we don't pass. Yes it would be disappointing but I am really not concerned about whether we do or don't, I know the underlying path speaks to the determination of this management team to one day fly the bird, so I continue to focus on that prize.
I will be adding today, not sure if we passed or not but do know we are going in the right direction. As many have said, not if but when. Whether I buy at .019 or .02 or .024 it really doesn't matter when the stock spikes.
I am thinking next week for news.
Watching from Canada
Imo.....who cares .017 .018 .02 it doesn't matter if the shares spike
Investors and potential partners will not have looked at BLTA prior to having a plane, prior to have phase 1 etc. Now they that they are in phase 3 just maybe interested in the company not just buying shares, lets face it, this mgt team is determined to be successful.
Bid at .02 market is anticipating success, people know that BLTA has not come this far to fail.
Does it make sense for BLTA to get a partner and who would be a interested junior
its been 2 months since table top exercise news has been out, how long do you think the next step in the process will take?
It be interesting to see break .02 and hold above close tomorrow