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Good morning EYE! Its good to see that the board is alive and well. I am more than confidant that Baltia will finally be certified. Management has made a very smart move by going to MI for completion of certification and training. There is no doubt in my mind that the DOT approval extension letter is forthcoming in the very near future. Baltia will be the very first airline to be certified under the new FAA certification rules and can then become a certification advisor as well as a real airline. Fiscal cliff or not Baltia shareholders are about to have a very good year!
Happy and healthy New Year to all,
Extremely Old
Is everyone away on vacation or is this web site broken?
Miracles do happen and I think Baltia will surely be one of them. Be patient and have faith because everything possible is being done to make Baltia the first airline to be certified since the new complex changes to the FAA requirements took affect. I have been buying BLTA on the dips to fatten my portfolio.
Happy and safe holidays,
Very, very Old.
60 minutes wouldn't be enough time but the end product should be very gratifying.
The FAA actually approved the switch last Thursday and Baltia released the PR on Friday, Dec. 14th. Management at Baltia confirmed that a letter went out to the DOT on Thursday in response to their request.
Now that the FAA has approved changing the district office that will be working on the certification of Baltia from NY to MI where more manpower is available things should move in a positive direction. In addition Baltia has answered the request from the DOT for additional information which should also free Baltia management to concentrate on the completion of Baltia's FAA certification. As far as BLTA stock on the open market goes, we once again see an increase in investor confidence with the advancement of shares traded at increasing stock prices. We are still a long way from last year's stock prices of 4-5 cents but improvement will continue as FAA certification progresses. Those who have faith in Baltia's management may finally be handsomely rewarded. Those that feel that Baltia is a loosing investment should sell out now so that the faithful have a chance to buy in at these very cheap prices. Of course it is my oppinion alone but I think Baltia Airlines will one day in the very near future be a big winner.
If the company fails and the stock goes to $0 then the total value of their shares that they were paid is = (Total $ value of all of their shares=0) / (# of million shares they have acquired as salary)) = $0. As anyone can see, management only gets rich if Baltia becomes a revenue producing airline!
It seems that although the confidence level at headquarters is very high the FAA has still not approved the change in venue to the MI office for finalization of certification. I was told that the aircraft is still in storage and will remain there until FAA approval is delivered and then they will execute the 'C' and pylon inspection. According to information from the company executives they don't presently have any financial problems that prevent them from paying all of their operating and overhead expenses. I am still quite confident that Baltia Airlines will some day soon become a first class international airline and I will be extatic that I got in on the ground floor. Yes, I will be increasing my holdings slowly at these bargine basement stock prices to develope a new low average price. Buying now and selling some at 10 cents will make all of my remaining stock holdings cost free which I can then use as a truly long term investment. I believe in Baltia management because they want success even more than us since they hold an enormous amount of stock that they acquired as salary compensation. If the company fails then these people would have worked so long for nothing. When it succeeds they will become instant millionaires.
Hi Anthony,
I have never had a problem contacting Barry or Igor so I will call them today and let you know what they say. Along with their comments I was hoping to get first hand info from MI because if things are going in the right direction I want to make another serious investment to average down my costs. Like you I have invested a great deal of money in this company over the last 7 years because I was convinced that they were going to succeed long before now. I invested much of my money at higher levels on price upswings and need to average down. At one time it could be expected to go as high as $1 a share but now that it has issued so many shares I don't think we can even see .10 upon certification, if it ever happens. Baltia management needs to issue a statement soon if they want to remaine a viable and trustworthy company. -----very old and would like to see some progress while I'm still around.
Good morning fellow Baltia shareholders. If anyone has a contact at the aircraft's site in MI I would be grateful if they could check on some progress because there is nothing better than first-hand information & verification:
1. Has the 'C' check started?
2. Have the pylon inspections been completed.
3. Are the engines ready for re-installation after the 'C' check and pylon inspections.
4. Any other recent activity.
Thanks lots because I am considering significantly increasing my position at these SP and I always appreciate all the information I can get. The 'old' one
I think that they want to switch to the MI FAA office because they are not bogged down with work like the FAA office here in New York. They can also complete the emergency egress tests & demo right at the site where the airplane is presently stationed. This will help things move along much more swiftly and save money at the same time. I believe that this is called good management.
Whenever someone sells, another buys. We will soon see who is right.
Yes and it was up 44% on Friday-------????
Dear Flaflyersfan, I too would not like to see Baltia Shares diluted any more and I'm sure Igor and the rest of the major shareholders feel exactly the same as us. Share dilution means that the profit margin of every shareholder will be deminished, that includes the executives and board members of Baltia who hold most of the shares but cash is needed for overhead and expenses related to keeping the company moving towards first flight. When the bills come in they must be paid for the company to maintain a decent credit rating and trust by companies that service and support Baltia in it's quest for success. Many companies supporting Baltia have accepted shares in liu of cash payment for services and material because they are confident that Baltia will fly soon and it's share price will increase accordingly. They too are investing in Baltias final goal to become a model airline in the very near future but patience is vital because the major steps towards certification are very complex and time consuming. Every shareholder will one day be thankful for the way Baltia has conducted their business. If you are really a shareholder you will be included with the rest of us celibrating the first passenger flight at Kennedy. Then we can go home and count our profits!
Yep! Somebody was lucky enough to gobble up all those shares at bargain basement prices. He may have sold them the same day for a nice 74.4% profit.---------- Lucky me!
It appears that Baltia's cash on hand increased by about $90,000 to $136,631. That doesn't seem bad because it means people are still investing in Baltia's business plan.
Dear Star, I certainly respect your position and would appreciate it very much if you could supply, in detail, the reasoning that you used to make your determination in arriving at your conclusion. If you present a valid, intelligent, indisputable argument you will prove that you are much wiser than most of us and would be looked upon as an expert in these matters. I would never again question your opinion. Looking forward to your detailed response.--------Old (very)
Take a look at the form 4s and you will see that most of the compensation received by the corporate officers is in the form of common stock. All told, more than one billion shares of the approx. 2.4 billion shares outstanding has been paid in the form of salary compensation to these people. If this was a scam do you really think that they would take soon-to-be worthless stock as their salary? Even though there might be some short falls in the way they run their business at least admit that the corporate officers are certainly trying their very best to make Baltia Airlines a viable company. When this happens these guys will get very, very rich, and not before. Most of the money received from the sale of stock went to hiring specialist to help produce the documentation and manuals required by the FAA for airline certification, rent for two office locations at JFK, furniture and equipment at their main JFK office, buying 705 and 706, paying for services rendered, fuel for running the engines on 706 on a weekly bassis, equipment updates and repaires done to 706 and payment to salaried personel. It doesn't take a rocket scientist to figure out that this is a very poor way to run a scam. These guys are much too persistant to allow this project to fail!
I understand that 706 is being put into storage while the company awaits FAA completion of the manuals. That must be the reason that the engines have been removed and stored in the same area. This will help to conserve cash by not having to run the engines every week and reduce engine maintenance costs. Based on this move by the company it appeares that their expectations are that it will be months before the manuals can be approved. The cost of the 'C' check should be minimal since the airplane has not been flying since the last inspection and no repairs should be required. The stock price has suffered severly due to both investors loosing patience and the necessary dilution of the stock to continue paying ongoing expenses. It can only be assumed that borrowing money at high interest rates is trying to be avoided or it may be that lenders are hard to come by. I also think that it would be very wise on the part of the company to clean up their web site. The information available in the web site is antiquated and skimpy at best and only provides a telephone number as contact information. I would think it benificial to all concerned to provide e-mail addresses so that investors can contact the company with questions and suggestions. This would be a major positive factor in good investor relations. It is also important for every new viable company to publish updates and progress reports on a regular bassis. Their silence may be construde as things not going well in their quest for certification or their financial stability.
Glad to have someone like you who knows what they are talking about on this board. I have spent my entire working life in the aircraft design industry and can recognize the facts when I see them. Please keep sending out posts to help educate those that are not familiar with aviation and its complex regulations.
I hope that you have a lot more so that you will be well rewarded when the final manual gets signed off by the FAA.
Does anyone have an intellegent oppinion why recently one day the stock volume exceeded 5 million shares and now we only see 50-100 thousand shares traded on average?
Anyone with recent news regarding FAA approval of Baltia's last and final major manual(19th) please post with your source of information. This may be the best opportunity to buy Baltia stock in a long time, and may not be repeated, as the impatient investors are bailing out driving down the share price to a point that investors will sorely remember in the next few months. Once they are cleaned out the price should stabilize to more sensible levels. Buy low and sell high-----------very high.
Baltia management is working hard to secure final FAA certification and begin crew training, emergency demonstrations and proving flights ASAP. They are always planning and executing the best stratergies for each situation that comes up to keep the process moving forward. Only by complete success can the stock price elevate to levels that will make all of their hard work pay off big time. Failure is not an option! I believe that the present stock price simply reflects the lack of patience of some investors. This long, agonizing slow process will soon come to completion and all investors will benefit beyond expectations.
Don't hold your breath for approval of the last and final manual. The FAA is taking their time and will not be rushed. The rule of engineering and business states that the last 10% always takes the longest, sometimes longer than the previous 40%. (this is my own personal rule that is the result of 35 years experience in a leadership position in the aircraft design and engineering field.) The FAA has a long history of being under maned and over worked (so they say).
Old (very)
We just passed the 5 million share trading mark and its only 11:13 AM. I do realize that most of the stock traded around .018 but I was just rounding off the numbers for simplicity. I think that you may be right and something big is in the works but I hope its something good. Could these large sales numbers be from people that bought lots of stock at low prices and are tired of waiting?
I hope you're wrong about employee selling but anything is possible.
Thanks for your input.
Old.
For every seller there is a buyer. It would be nice to know who is selling and who is buying. 4 1/2 million shares at .02 is about $90,000 worth of stock trading hands. That is lot of cash and proves that there are people buying up what the .015 profit takers are selling. Don't lose hope when we are in the last furlong to the finish line.
Dear Flaflyersfan,
I truly appreciate your comments in helping me to get a better understanding of the stock market rules and my misunderstanding of secret information. I truly was not aware that this information was secret because I had no trouble getting it as a nameless interested party. I have no special relationship with anyone at Baltia and there is no reason that I was able to get a progress report just like anyone interested in this up and coming company could with a little bit of effort.
In any case, now that I am aware that we should not inform anyone about information that we may get by doing our own research, in the future I will be silent about any information on the company's progress that I may hear or know about and leave it up to each individual to do their own homework. I didn't realize that this was just a social network.
Thanks again for this important information and I look forward to the future posts of everyone on this board.
Stay well and the best of luck with all of your investment stratergies, whatever they may be.
Old (very)
I got this information from the same place I get all my information, Baltia headquarters. I call regularly to get progress reports. Knowing how the FAA works I wouldn't try and apply a time line on completion because when I was in the Aircraft Engineering and Design business we would always say that the last 10% takes half the total time, especially when government agencies are involved. Just be patient and it will all happen in due time.
The FAA is moving along with the approval process for the manuals. Over the past 2 weeks they have approved another 6 of the 18 required manuals. (16 of the required 18 have been approved to date). Only 2 left to complete the manual approval process. The people at the home office are working hard along with FAA officials to complete the process and have our manuals be a standard for the industry. Be patient-----we are almost here.
Until recently I've been flying an aeronca 7AC built in 1941. (71 years old and still quite safe-and still quite valuable)
Somebody is trading huge amounts at .020 this morning.---???
I guess some people who bought in below .02 were just taking some profits to lower their average price. I'm going to be increasing my position again today while the price is still sitting around .03 because I firmly anticipate great news breaking very soon. I keep in close contact with many people at Baltia headquarters because I don't like to rely on hearsay. They are very upbeat and are also looking forward to a big jump in the stock price. Many of them have been paid mostly in stock and minimal cash. 344,000 shares traded at .03 twelve minutes after opening bell!
Here you go:
160,600 shares at .03 ($4,818 invested at .03 near the close)
$0.0300 130,000 OBB 15:57:26
$0.0300 30,000 OBB 15:57:19
$0.0300 600 OBB 15:49:20
$0.0280 15,873 OBB 15:46:53
$0.0280 1,000 OBB 15:35:15
$0.0260 50,000 OBB 14:52:58
$0.0255 5,000 OBB 14:52:52
$0.0255 20,002 OBB 14:52:35
$0.0255 57,400 OBB 14:52:30
$0.0255 10,000 OBB 14:30:51
$0.0255 2,600 OBB 13:54:02
$0.0255 900 OBB 13:50:42
$0.0250 3,527 OBB 13:35:31
$0.0253 5,000 OBB 13:35:31
I just called Baltia and everyone was out of the office at a meeting. It feels like something exciting is cooking. The bid to ask ratio at 3:45 PM is 22.5/1 at .028/share with and over $30,000 traded resulting in over a million and ninety eight thousand shares changing hands. That's a very good sign that the stock is in high demand and owners are holding tight at these prices. At 3;55 PM the stock traded at .03, up 36% for the day. Any day now!
There are many recent comments on this board, both positive and negative, that express the feelings and concerns about this company that we have invested our hard earned money in. I hold a very serious position that I aquired at five cents a few years ago which is now all in a tradeable account. For that reason I have been in constant contact with Baltia mangement and read this board every day to get the pulse on what may be happening with the all-important certification process. Over the past several months I have actually increased my position at stock prices below .018. I tuly feel that certification is near and eminant at which time the stock should take a nice jump. Once that happens N706BL will fly into Kennedy with great PR which will wet the appitite of other investors and the share price will begine a healthy climb, even before it makes its first revenue flight. The fact that it has taken 23 years to get to this point, and most of Baltia's team being paid in stock, shows the dedication and determination of management to bring total success to Baltia's stockholders (which include themselves). For those that feel that Baltia is destined to fail might want to consider selling before the stock nose dives. Those of you, like me, that have confidence in the company and management stay firm and enjoy the fruits of your investment. I firmly beleive that 2012 will end as a banner year for Baltia Airlines!
Thanks for writing a post that tells the real story about what's going on at headquarters. Please continue to keep the readers up to date. Like you, I call Barry and William on a fairly regular basis and am waiting diligently for the thumbs up from the FAA.
If you noticed the year that I soloed (1956) you can guess my age.
I'm looking forward for the next few weeks when we will probably get some exciting news. I really feel that September of 2012 will be a major bench mark for Baltia and N706BL will be landing at Kennedy before this year is over.
Thanks for your reply and safe flying.
Fact!
The U.S. Navy is still flying carrier based Grumman E2Cs that were built before 1980. Carrier based arrested landings are certainly far more stressful than landing on an airport runway. Military aircraft, like commercial airline aircraft, are well cared for and therefore have a long useful life.
Great to have a 747 pilot & Baltia investor on this board. My experience in aviation flying small private aircraft and as a retired aircraft design engineer of 35 years gives me great respect for your experience and knowledge. (I soloed in an Aeronca 7AC in 1956.) I know what it takes to get all the certificates required to fly heavy aircraft.
I agree with you that Baltia's first concern at this time is to get certified as a viable airlines and to start revenue flights. What aircraft to add to the fleet is step two and we are still on step one. From my observations and constant contact with Baltia management I am confident that they are working hard to get step one completed very soon. Thanks for your comments Jimdc8.