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Lets see. If they buy an airline. Then I will approach them to help out. So will my friends.
Betting on Tony to execute. Lets see
I am doing ok lets see where this goes.
lol pretty much. wrong about baby whale though
Could be, but then there are those two 8k announcements, now why would a company that is dead report those 8ks?
GLTA
And thats exactly why I think he is quiet. Too many times in the past he said things that have not materialized, then thrown in his face so to speak by investors. To me, words must be followed by accurate actions, its best not to say a word if it doesnt happen. Lately it was the financials, that was a mistake again to say in a few weeks and then nothing. I hope this time he learns from his mistakes and does not say anything until its a closed / executed issue, being the financials, a board appointment or a merger/buy etc.
Respectfully, keep your mouth shut Tony! My bet is your on the right path, lets see what happens.....
9.5 billion outstanding, 225,810 traded all buys from the chart, no financials, nothing new, no news, no update.... maybe just coincidence? Maybe not?
What a great trading day for BLTA.
Just curious is this the lowest trading day in a few years?
Exactly no news where are all the sellers? Desert dry! 9.5 billion outstanding why isnt Barry or Walter dumping or whoever? 60,000 shares traded so far. I love it, also last weeks trading volume in this range speaks to a potential base in place.
Things that make you go hmmmmm.
Lets see what happens.... One side will be a winner the other a loser.
That is why I said when a deal goes sour look who wins and who loses. Songbird is now gone with the wind. So there you have it. Read the Nov 30 release its all in there.....GLTA
BB adding at .0021 :)
Lets see which side wins!
See that to me is very interesting! So it was in Songbirds best interest to negotiate or extend? But was it Blta that was geniune in their PR about long term for shareholders and 3rd parties etc.
To me Songbird should have done whatever possible not to be in this current situation they are in.
Like I said many times, we dont have all the facts.
Certdog, thanks for your insight.......... In your opinion, is Songbird better off now than BLTA for the deal going sour?
Interesting and is this an option for BLTA? Your thoughts?
Certdog.......... Who acquired these guys? Its around the same time as Songbird died.
News
California Pacific eyes Part 121 carrier; 2Q18 launch
California Pacific Airlines Embraer Emb170 California Pacific Airlines Embraer Emb170 © California Pacific Airlines
07NOV2017
California Pacific Airlines (Carlsbad, CA) has once more announced plans to start commercial passenger operations this time using an existing Part 121-certificated carrier.
In an interview with Oside News, the Carlsbad, CA-based start-up's Chief Commercial Officer Paul W. J. Hook said an unspecified "58-year-old airline" had been acquired with an official announcement due on November 16.
According to Hook, California Pacific Airlines aims to launch in April next year using an all-Embraer fleet of four ERJ-145s and two EMB-170s. Cities to be served include Phoenix Sky Harbor, Las Vegas McCarran, Sacramento Int'l, Oakland, San José, CA, and the Mexican resort town of San José Cabo.
“Each plane will have both first and business-class seating," he told Oside News. "Economy passengers won’t see much difference from business class. Our ticket pricing will be competitive with other airlines serving the area.”
The brainchild of nonagenarian entrepreneur Ted Vallas, California Pacific Airlines has undergone at least three unsuccessful attempts at acquiring an Air Carrier Certificate (ACC) from the US Federal Aviation Administration (FAA). The last attempt, in 2013, was suspended following an FAA manpower shortage brought on by budget cuts.
As such, the purchase of an existing airline replete with all the necessary permits and certificates is proving an increasingly popular shortcut to market among US-based start-ups. As recently reported, USGlobal Airways (formerly Baltia Air Lines) is in the process of acquiring Songbird Airways (SGB, Lakeland) as part of its own, separate bid to start commercial services.
Thanks for sharing the link MM. It reiterates what I read in the Nov 30 PR about confidentiality, 3rd parties etc. They intend to surpass the FAA and buy/merge with another airlines, alot of options out there being pursued. Like I said the next PR will not be a path announcement but an execution of a deal. Lets see
what happens.... Also who is that empty seat on the board for? Is it for a board member from a airline that they might be merging with? Guessing but lets see time will tell...
1. He is still here with Blta
2. After the financials he will be back ...
Think about it
" Man listen man listen all I have is this ambition a couple million make you stand different "
I love the very low volume again today!!!!!!!!!!!!!
Oh man do I love this 3rd day very low volume, 9.5 billion outstanding, Barry has 450 million and unrestricted according to some here, blah blah blah....
1.8 million traded !!!!!!
Love it.
thats ok Mitt I am accumulating so best for me to stay put :)
Filled thank you now at 59 mill held. Lets see what happens.
Wow I wonder about Barrys 450 million why isnt he selling? With that kind of share count it should be at .00000001
Also Walter resigned the 19th the last few days seen record low volume. Why not sell?
Things that make me go hmmmm.
Things were just too quiet for 3 months. Now 2 changes at the top. Its obvious to me they are in organizational restructuring mode but why? I am pretty sure my instinct tells me this is not the end. Lets see....
OMG!!!!!!!!!!!!!
John Drago's board appointment has been long overdue. The guy owns 1 billion shares and I really dont understand the reason why he was not on the board in the past. My guess is someone stopped it in fear of him running the company. Die hard guys with cash like John most likely know other people in their circle with cash. Him being on the board would be a very positive development for Blta as he would have a say/vote on decisions instead of not being able to get invovled. I hope the day comes when John Drago is a director on the board. Imo there is no one better who has been around the company for years through thick and thin but has not had an official say. Lets see who they decide to replace Walter.... also the the naysayers to consider this thought.... if the company was dying or dead and not aligning the stars or stepping up, why would they appoint Michael increase his salary and now with todays resignation, 8k it all? Why not just close the doors. Glta
My guess on Walter's replacement as director and sec..... John Drago
The time has come to have a forified team as Tony used that word.
Lets see what happens....
MM could b times are a changing :)
Lets see...
Mitt my guess... if I was gomna fund or be the contact person who is representing a syndicate in a big way I would want to be a director so I am invovled in the decision making process. I wonder how much value Walter added he came from the old mgmt team. He might have been a bench warmer!
He came from failed old mindset. Looking for new mindset at this position. Lets see who is his replacement.
As I said yesterday sellers seemed to have dried up in this price range. Lets see what happens...
Imo a disgusting up to no good plan like that would be more believeable if it wasnt such a short duration. But because no news speculation is rampade on either side.
Does anyone know if Songbird asked for a proof of funds statement b4 Sept 1 ensuring Blta had the 6.5 mill? It would be in the agreement.
I am in Florida but the talk is so interesting and constructive I am having a hard time staying off the boards lol I will however from 1 to 5pm as attending Blue Jay home opener.
It would be very sad and very low of blta to put up $1 mill as a deposit knowingky to lose it and not have the $5.5 million to close the deal in place for the next month October. Your theory I may agree with if they had a 6 month gap or a year gap but one month is not enough time to pull off a bs business plan such ad that. But your right in a sense thst no one had come up with an explanation as to why for reasons I do not understand other than 3rd party silence.
Lets keep it up guys, we dont have to trash each other but professionally respect each others point of view.
Exactly so this says to me they had the $5.5 million in place or at least secured b4 giving the $1 mill deposit.
Anyways great chat here tonight. Gnite
And there MM is the disconnect! We need the PR. You dont give a $1 mill deposit on a non refundable deal and then go find ways of getting the $5.5 million.
We need a PR from the horses mouth specifically saying why Songbird did not close not an article that things might have been omitted.
Possible reasons
1. They did not have the money simply put
2. Blta lawyer told them to shut up
3. The Songbird deal although expired is still a possibility
4. Something happened that came to light after Sept 1
When a deal goes sour, I ask myself is Songbird or Blta in a better position now than b4?
Because you dont give a million dollar deposit on a non conditional offer unless you have the money before Sept 1 so then according to the author John said they didnt have the money. Did the author leave out the reason or why did John not say because he cant? Its my guess something else happened if not why give the mill deposit in the first place.
MM blta has never good at reporting we know that. Again we dont have specifics, we dont know what the hell is going on, Nov 30 was he talking about whale 3rd parties, was he talking about lawyer, was he talking about a 3rd party airline, who knows its that unknown that causes me to search for answers amongst what they have said and not said re the $1 mill deposit.
Some very good chatter here tonight
Your right! Then I read Nov 30 PR about 3rd parties invovled etc
I must say some very good chatter here Phl MM Cert and others.
Phl I understand what your saying and somewhat agree thats why I am saying we dont know all of the specifics let me explain my thoughts.
It doesnt make sense to me that on Sept 1 they gave them $1 mill. They must have secured all of the funds before giving them the deposit. I question why give a non refundable deposit then look for funds it doesnt make sense.
My theory is common sense. I relate it to the real estate business I am in. This is an example of a deal agreed upon at a price only to fall through and maybe in litigation.
What I am saying is I question the plane after the Sept 1 deposit given. In real estate if we agree on a price then find a hidden defect the buyer would want a discount off the agreed price. I dont know if this was even the case but I do know blta performed a check of the plane I read in October. Then Tony said he would not proceed with something that is not in the best long term interest of shareholders and let me add to that... the guys that were giving the balance of funds might have stopped it based on that check.
Looking back I was surprised this was a firm deal and not conditional based on inspection of the plane or in real estate the house, if it was then the deposit would be returned immediately to the buyer if for whatever reason they found something wrong with the promised items in the agreement.
So now what happens if the above is the case. In real estate after a firm deal the buyer seller come to an agreement to give the deposit back as the hidden defect might have been intentional neglect or the buyer has to sue and it goes to court if the buyer can prove Songbirds neglect then the deposit is returned.
Like I said we dont know all of the specifics. There is always 2 sides to a story but it doesnt make sense to me funds were not in place b4 deposit was given so something happened....
Whats on the surface without specifics is usually not always the case. glta
We dont have all the facts and specifics on that MM
Tony said in a pr that they wont proceed with anything that is not in the best interest of shareholders long term. That to me speaks to some surprise happened on the Somgbird side of the deal. We need specifics.