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Who did you hear it from? Where did the conversation take place? What time did this conversation take place? Who else was present to this conversation?
If you are getting information from some source that the plane is in need of maintenance, then please provide a source as to the credibility of the statement.
Just two more weeks until you all get rich! Thank God someone other than the LT is making a prediction!! I'm gonna keep a close eye on this one. Thanks Star!!
Market makers
FACT: Baltia SAVES $1,600,000 in tax liability from sale of plane.
When you talk about DD, understanding accounting principles is paramount to speaking the truth.
Tax Implications
The disposal of capital assets under GAAP has some significant taxation implications. This is because any gains realized on an asset are taxable as capital gains -- a kind of investment income. In addition, businesses are allowed to deduct from their income any expenses resulting from a capital asset loss. For these reasons, businesses sometimes try to strategically dispose of capital assets in a way that minimizes tax expenses. This practice is allowed under GAAP as long as the business properly records the transaction.
Your post misrepresents a common accounting practice. According to GAAP:
Disposal of a Capital Asset
Any long-term asset that a company purchases for a business purpose -- such as land, a factory, equipment or even shares of another business -- is called a capital asset. When the business somehow gets rid of a capital asset, the related accounting transaction is called the disposal of this capital asset, even if the business does not actually throw the asset away as garbage. Most businesses dispose of a capital asset through sales, and account for any gain or loss realized on this sale as either a source of income or a business expense. Assets are rarely disposed of at their exact recorded value or book value, on the company's balance sheet
Depreciation and Book Value
When most capital assets are used, they often lose value to depreciation -- the difference between their cost when the business purchases them and the amount they're expected to be worth at their disposal. Because the business technically loses money as a result of depreciation, companies must adjust the value of their assets periodically to account for this cumulative expense. The asset's original value minus the total amount lost to depreciation is the asset's book value -- the amount the asset is worth according to the company's records. When the asset is disposed, GAAP requires that they again adjust the value to account for any difference between book value and the asset's actual value at sale or disposal.
A "reported" loss and a "realized" or "actual" loss are NOT the same. The true loss on the original airplane is $331,000 as stated on an earlier post.
Stop misrepresenting the facts!
I'm not sure I completely understand what you're saying. Can you please elaborate?
The PEOPLE aren't bankrupt... Their government is.
Let's make sure we know the facts.
At least their people take a stance when their government is trying to #@*& them!!
And what do you... in your opinion... believe the probability is of the FAA Approval occurring? Any time frame?
Couldn't agree with you more...
Seriously, though... it seems like things are finally coming together IMO.
Wish I was in NY for the get-together, but fortunately I will be visiting the Baltia offices next week to see the progress again for myself.
Hey now LT...
You said you were going to work to make some money. Had I known you were still available, I wouldn't have bothered with my message.
Thanks for simplifying it for us!!
Per Post #10432 dated 10/12/2011
A codeshare agreement, sometimes simply codeshare, is an aviation business arrangement where two or more airlines share the same flight. A seat can be purchased on one airline but is actually operated by a cooperating airline under a different flight number or code. The term "code" refers to the identifier used in flight schedule, generally the two-character IATA airline designator code and flight number. Thus, XX123, flight 123 operated by the airline XX, might also be sold by airline YY as YY456 and by ZZ as ZZ9876. It allows greater access to cities through a given airline's network without having to offer extra flights, and makes connections simpler by allowing single bookings across multiple planes. Most major airlines today have code sharing partnerships with other airlines and code sharing is a key feature of the major airline alliances.
Under a code sharing agreement, the airline that actually operates the flight (the one providing the plane, the crew and the ground handling services) is called the operating carrier. The company or companies that sell tickets for that flight but do not actually operate it are called marketing carriers or validating carriers.
Actually... if we're really going to keep discussing this... It is one ten-thousandth of a dollar from .03 (but one hundredth OF A CENT from .0299)
1/10,000th of a dollar EQUALS 1/100th of a cent
Pipa was correct... and so are you E
But, WHO CARES... we're at .03 Now!!
BALTIA GENERATES $144,000 CASH FROM THE SALE OF THEIR FIRST PLANE.
Maybe if you all call them... they will share the same information with you that they have shared with Greek, LT, and others.
I've already talked to them...
Just posted on FB
"All questions regarding recent updates will be answered by calling our Investor Relations Department at (718) 995-4130.
Thank You...."
What makes Alpine Securities the way to go?
Thank you!!
I'm already starting to feel better...
No doubt it's just a matter of time before we get past this waiting game... IMO
LT... I hope Tituba got this one right
Can someone please post the video of the plane taking off again?
That always makes me feel better...
Barry Clare is VP of Finance. Associate VPs report to the VP.
Maybe his source told him the flights were to New Amsterdam ...
Just a thought??
I can't speak for everyone on here... but I, for one, invested in this company a little more than 2 years ago. That being said, I was well aware of the previous 18 years' track record when doing so.
You and I have a parallel educational and professional background. Therefore, I would expect an educated business man to not post things that are taken out of context.
Where BALTIA is today (IMO) is a totally different place than they were 20 years ago. What they have accomplished in the past 2 years is what I have faith in and continue to invest my money in. If you are truly heavily invested in this company (as you, and many others have stated), you wouldn't have done so had you thought it was going to fail (unless there are ulterior motives at play)
Are you stating that "Tasks Accomplished" have stayed the same for 2 years? Or will this turn into another exercise in semantics?
So how would that equate to "Baltia isn't selling Private Placements there (in Russia). IMHO" ???
Why is that stated to sound like a fact when it's your "honest opinion"? People who are in direct contact with the Baltia Team know otherwise.
It will be interesting to see how that will be twisted by certain individuals to manipulate the stock price again today.
"Links to articles on BLTA are really a bunch garbage with no real substance IMO...."
"USA Today article reiterates several items I have mentioned in the past...."
WHICH IS IT?
You first state that articles on Baltia are garbage, and then go on to use one of those articles to support your nonsense.
This came up in a USA Today search... From Frequently Flying, a BoardingArea blog, dated Nov 29, 2011.
http://travel.usatoday.com/alliance/flights/boardingarea/post/2011/11/Frequently-Flying---New-JFK-based-airline-Baltia-to-serve-five-Baltic-region-cities8230-will-it-survive/574699/1
Another article to pass the time...
http://www.onlinetravelreview.com/2011/10/21/when-will-a-new-airline-launch-in-the-us/
We hit #48 on the Break-Out boards yesterday!!
It was at 0.085
I just noticed we have a new Moderator added... how do we address you Greek? Is there a special title?
Great article!! Thanks for sharing.
As a follower of this board and an investor for quite some time, I believe that we all have a responsibility to do our DD before making a post questioning the validity or integrity of Baltia (or any other company). I think that you make some very valid points, but should go back and read previous posts where your topics have been discussed at great lengths.
We are not all 100% cheerleaders on this post, and I for one can appreciate your perspective. When I first joined this board, I spent the first month or so reading old posts and found that most of my questions were answered through this process. For the remaining questions, I got on the phone with Baltia directly and had my concerns addressed. I then visited JFK and saw for myself the progress and the dedication of the team.
We have seen plenty of people come onto this board with a new alias "guns-a-blazing." That, unfortunaly, is why these peole find themselves continuously on the defensive.
Seeing the same M.O. every 5-6 weeks just gets "old" and probably very offensive to people who have been heavily invested and follow this post for years.
It takes a lot to get me going... We should all be in this for the same purpose.
GLTA