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And don't look now, but there's $.36
As I said earlier today, when scam companies such as this one make statements such as that, you can be 99.9999999999% certain they're going to do exactly the opposite of what they've just "promised".
You sound very much like someone desperately afraid their worst fears are about to be realised.
And guess what ? They are!
Never underestimate the power of a bureaucrat with an ax to grind.
( or with crisp, new, un-marked $20's in their back pocket )
The only way this gigantic sack of elephant plop is ever going to see a penny again is with at least a 100-to-1 reverse split, which by the way is a foregone conclusion and right around the corner.
When lying scams such as this make statements such as "No reverse split", you can be just about 99.999999999999999999% certain a R/S is a foregone conclusion and right around the corner.
This one will probably be in the neighbourhood of 1000-to-1, or maybe even 10,000-to-1. That'll wipe out most of the small fry and let them crank the SharePresses up to REDLINE RPM again for a mid-August blizzard.
When Baltia can't pay the bill and MAE slaps a mechanic's lien on the plane, the plane will sit there until it's auctioned off to the next owner for the amount of the repair bill, plus storage charges.
Then they can spend the next 20 years finding another plane. Hey, I'll bet 787 Dreamliners will be available cheap by then. They might even get one in primo condition that hasn't even been in a crash.
It had been a long time since I looked at a long-term, monthly chart of FASC, and I'm glad I did. What you see here is quite encouraging; patient money with a forward-looking view has been quietly moving into FASC since mid-2008 and not only continued through the financial cataclysm of 2008-2009 but has increased according to CMF, the Chaikin Money Flow:
http://stockcharts.com/h-sc/ui?s=FASC&p=M&yr=10&mn=6&dy=0&id=p78169973020
In other words, real people with real green - as in money - are seeing the real green - as in environmental - that the KDS represents, and FASC as its point man.
The KDS produces feedstock as output to be used as input to some other process. That's it. But that's more than enough.
That's the unique niche of the KDS; it produces a homogeneous - I'm reluctant to use the term "refined" - output of whatever it's being "fed", be it wood waste, sludge, palm bunches, whatever.
In any industrial process, the quality and consistency of the feedstock is of utmost importance. Otherwise the industrial engineers are faced with the problem of building their inputs to accomodate wide variances in the quality of the input feedstock, and that can become very costly, very quickly. Just ask any petrochemical engineer who's had to build a refinery to handle crude oil of vastly differing quality and type.
That's what the KDS does, and does so well: it produces the feedstock and it produces it in a consistent, uniform, homogeneous form and quality to be used by the next step in the process, whatever that process may be.
Mostly, arrow1, because they have no, and never have had, any intention of actually operating this so-called "airline".
Remember, the goal of every scam is to sell as much sizzle as possible without ever having to serve a bite of steak.
Saturday of what decade ?
This Russian Mafia scam will never put a commercial flight in the air.
Go, Vladimir, GO!
That should create a demand for about 3,108,256,743 KDS machines, by my calculations. Give or take a few hundred, or so.
They might need a second assembly line.
We might all need second wheelbarrows; FASC will be about $1,403,762.00 a share at that point. Give or take ten dollars, or so.
DOMS swerved. He paid the ask for 25,000 @ $.0316 at 11:03:58 and then fell back to a bid of $.03 eighteen seconds later at 11:04:16.
He finally caved in when E*Trade's market making operation - ETMM - joined him on the bid at $.0313 right after 11 o'clock.
Guess the short took the advice I gave you-know-who a couple days ago and told their PupperMeisters to just suck it up and pay the ask.
And now he's at..... too funny... $.0313 The short must have panicked and told him...
"Raise it by $.0002! I can't take any more pain !"
Whomever he's ShortStooging for has obviously told him
"Save my a**, but don't pay a hundreth of a cent more than you have to, to do it!"
Got to give some grudging admiration where it's due, that DOMS is one crafty little pickpocket. Now he's snugging his bid by $.0001 to $.0311
Interesting open to the morning, so far;
NITE sells 50,000 @ $.0334 with two MM's below him on the offer, meaning neither of them have or had 50,000 to sell or were willing to nake-short to sell.
And now, CrimNake Short Stooge DOMS snugs himself up to best bid again, with CrimNake Short Stooge VERT right behind him.
Somebody routing their order through the ECN ARCA jumped in front of DOMS about 45 minutes before the close and shook loose those 2430 shares at $.0305. Maybe it was... no, I'd best not speculate further.
Here's a "tell": CrimNake Short Stooge DOMS has been on the bid since 11:30edt at $.0301 and in that time hasn't been able to shake a single share loose, all trades since 11:30edt having taken place at $.0316. Watch DOMS carefully to see if he snugs his bid further as we get closer to the close. Or, if any of the other CrimNake Short Stooges VFIN VERT or HDSN join him.
Maybe some moose pasture gold mine scam will be Catherine's Next Great Idea. After this one has done its Final Fizzle.
Which, by the looks of the action today, just might be "Any minute now".
I just told you how. You have to take the on-going monthly production stream, however miniscule, calculate that revenue, then do a discounted NPV ( Net Present Value ) of that cash flow over the expected life of the well. Don't forget to take the mineral owner(s)' 1/8 working interest off the top first on the monthly revenue. And deduct all the taxes and operating costs. Then you can apply the NPV to the remaining cash flow.
Bottom line: the production they estimate - if they're lucky enough to get it and if they even manage to get to a completed, producing well - makes the stock worth maybe what it's priced at right now. If that.
You're both wrong, sorry. Neither one of you are doing the NPV calculations on the cash flow, or taking into account the working interest of the owner of the mineral rights, or the severance taxes by the Texas Railroad Commission or the local taxing authorities such as county or school districts. Or operating costs of a 7000' well, which are considerable.
In the unlikely event they actual complete the well, it will barely pay its own way.
Your only hope is some tout site tries to run a quickie P&D and maybe gets it to half a cent, tops, before the bottom falls out again, just like earlier this year.
Brokers are calling customers again this morning, wanting to shake loose FASC shares. The pretext of this one was
Broker: "Have you considered rebalancing your portfolio a bit by selling some of those FASC shares you have in your account?"
I: "No, I haven't and if you ever call me again trying to give me 'advice' when your firm's own stated policy is simply fulfilling customer buy / sell orders you can plan on watching the 97 accounts I own or control and the $47 million dollars in them walk out the door as fast as I can move them to some other broker. Got that, 'Sparky? Now be sure to play back this recorded conversation for your manager or supervisor, too! And have a nice day!"
Broker: ( after about 30 seconds of complete silence ) "Thank you, Mr. (my last name)." (click)
Yaaaaaaaaaaaaaaaaaaaawwwwwwwwwwwwwwwwwwnnnnnnnnnnnnnnnnnn
Catherine's going to have to start spending late nights and long weekends poring over every page of The Big Joe Goebbels Big Lie Playbook and start coming up with better Big Lies than this. Good grief, half an hour in and not a single trade.
Ah, the Pump & Dump Game just doesn't work like it used to, huh ?
It'll be fun watching as they pore over every page of The Big Joe Goebbels' Big Lie Playbook to come up with new excuses why the plane hasn't gotten there yet.
Maybe they could get more money for it selling it to the producers of "Lost". Hey, that's it! "Lost: The Sequel" starring the Baltia 747 that mysteriously disappeared over the Pacific on its way to a maintenance base in Malaysia. I'll bet they could keep that series going almost as long as this whole scam which has been, let's see now.. oh, yeah... since 1990.
Get that Emmy ready.
A good friend of mine who's been "on the fence", watching and waiting, just messaged me he's started a million-share purchase program. That might have been he doing either or both of those 100k and 94k blocks that went by this afternoon.
In any event, today's news was the catalyst he's been wanting to see upon which to take action, and I suspect he's not the only one now galvanised by today's news.
"I think the traditional Brick and Mortar Equipment
sales professionals are our best bet. "
That appears to be how Mr. Arkin - or maybe his father - started his business, as he alludes, some 25-odd years ago. It appears he still operates that traditional channel. Note this paragraph from
http://www.gdpsystems.com/
"Lastly to put all that together we have Arkin Sales, a 25 year old second generation company that completes everything from equipment restoration to plant engineering and full plant installation."
So let's not fall into the trap of not-invented-here thinking. Arkin's clearly experimenting with this foray onto eBay; but let's applaude the effort. Or do I have to trot out the Teddy Roosevelt speech again ?
Anything is possible, ofcourse, but this seems to be some erstwhile entrepreneur who, as he says, saw the KDS in operation and is enthused about it and is trying eBay as a distribution channel.
Whether this is with or without the Company's blessing or even permission, I don't know.
The man certainly presents a clear and compelling argument for the economic justification for a KDS by any business that might need one for their purposes.
And he's certainly not trying to low-ball the price.
TR, I didn't bother to search; is FASC on the alibaba site anywhere ? They appear to accept bona fide listings from vendors anywhere in the world, not just China.
Duly noted.
And did you notice the picture of the "Crusher Machine" at the bottom of the page ?
Could be something... then again, could be nothing... but on the weekly chart
it's got that "Something might be about to happen" look.
Glad I checked a weekly chart, it isn't apparent - yet - on the daily. A week of 5+ million-a-day or more trading volume will say "The fix is in... somewhere.".
Call it the "SIFNAR Effect"*
*SIFNAR = Sudden Interest For No Apparent Reason
"On this route - New York / St. Petersburg - there is NO non-stop competition,"
That just about says it all. After all these years... not one single major carrier has deemed this route potentially profitable enough to fly a non-stop.... between two major Class One cities of the world ? Are you kidding ?? Are you kidding ?????????? Simple bottom line, 'Sparky: If this were a profitable non-stop route, American or Delta or United or Lufthansa or Aeroflot or SOMEBODY would have been already been flying it LONG AGO!
"There are many opinions out there, but 'the smart money' would use historcal data and other relevant information."
The "Smart Money" wouldn't be - and isn't - anywhere near this Russian Mafia scam. Make book on that.
"One more thing - there is NO Russian influence over Baltia, and the Dept of Transp assures just that - including making sure that Baltia is at least 75% owned by U.S. citizens, by federal law."
Last I looked, 'Sparky, "the law" wasn't and never has been much of a deterrent to determined criminals. As impotent as the U.S. government is today, the notion the Russian Mafia couldn't and can't get away with just about anything it wants to in the U.S. is laughable on its face, including this pretense of starting an airline to fly - non-stop, can I get a round of applause? - between New York and St.Pete.
Too funny ! Go, Vladimir, GO !
Bets, you say ? Here's mine: the costs will pile up so high at the Malaysia facility that there won't be enough money to pay the bill and a "mechanics lien" gets slapped on the plane and it won't leave Malaysia for months, if not years. Or, it'll get sold for the repair bill who really will operate it.
Then they can play the "We Ran Out Of Money" card for the next couple of years and keep the scam alive for another whole new set of NewBOBs*.
Putin's got to be laughing hysterically.
*NewBOBs = New Bunch Of Bagholders
There are on-the-spot testing kits for alfalfa.
It'll be nothing short of a miracle if this scam isn't sub-penny by the end of the month.
Oh, and this Russian Mafia scam will never put a plane in the air on a commercial flight.
It would be even nicer to see Barker announce his retirement.
The price info will leak out somewhere sooner, or later; there's just no keeping information like that under wraps for long. Somebody always spills it, intentionally or not. It can probably be deduced with reasonably accuracy by examining the CapEx figures in the financials.
Most of us certainly agree, the salient question of course being "When?"
Are you able to offer any sort of specificity behind the confident optimism of your statement ? A time frame, perhaps ?
Most of us certainly agree, the salient question of course being "When?"
Are you able to offer any sort of specificity behind the confident optimism of your statement ? A time frame, perhaps ?