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I lost confidence in them but I thought one day they would be approved. I figured I would hop back on once they had achieved certification. Now I believe they will declare bankruptcy. They obviously bit off more than they could chew. Whats to liquidate, some office equipment, a sign, and a jet that has so many liens on itno person will see more than 2 cents on the dollar. I chewed out old and wise about a week ago and yesterday he was still buying the stock. Phone calls to the company are covered in lies. They are all cowards they cant pitch their crap anymore but I bet they will still try. This is a real ream job, but in their own words the sky is the limit.
This is terrible, I got out about two months ago. I never thought this would happen. I read all the letters and Baltia is dead. I truly feel horrible for the people who bought in heavy chasing a get rich dream. The stock in a few days will be wortheless. I bet the office staffs will be released and by the new year the office will be closed.
Praise the Lord its Connie Kalitta to the rescue. Baltia has just announced that it has hung four top fuel nitro motors from their jet in Michigan. They are Hemis no less, only the best for our shareholders. Instead of jet service it will be jet boat service(just imagine the background blue on our website is water). No certification needed,ticket sales are commencing immediately. Please remember to bring your topsiders and goggles(complimentary noseclips will be issued to first class passengers) OOPS we just lost a blower drive on three. Paddles are under your seats in case. Wrinkle wall slicks will be used for beach landings.
Your right one plane, no long term debt , and the plane or jet has had its engines removed and it has been placed in storage. Who knows if it is airworthy. Maybe they can use it in a strongman competition, the jet pull. They can strap Igor and Barry Clare and see how far they can pull it. They are certainly pros at that.
Didnt you tell us that most of the manuals were approved. This is about the time I sold all of my stock. I think you said 16 out of 18 had been completed and approved. How come the manuals were then disapproved. Who did you talk to at Baltia or the FAA that gave you that info. The reason I ask is that you claim to be making large profits with the stock. You have got to be the only person that has in the past three months. If either an officer of Baltia told you this info or an officer at the FAA I think on behalf of the investors who have huge losses you might enlighten us with the persons name. I ask on behalf of the millions that have been lost and the fact that most likely a large number of investors will complain to the SEC you should help us all out. It doesnt match up. I believe that there are a large ammount of investors who were duped by a Baltia salesman who have been virtually wiped out and if false info was conveyed to boost profits or create an unfair investment field it should be known.. I myself several years ago had a Baltia salesman after my own investor inquiry call my house everyday for two weeks telling me I would be left behind while my peers would be making millions. I believe he said the sky is the limit I did not buy in but a good friend of mine bought about one million shares at 16cents and now he cant believe how badly he was duped
Please as I stated before take it for what it is worth I would hate to see someone being financially hurt by what someone has told me. But some of the info the company is supposedly telling people that post here I believe is not to kosher.
I picked my son up at school an hour ago and he told me to call the person who told me to buy the stock several years ago,( my son and his son go to school together). I did promptly and spoke with him briefly. He told me to sell my existing shares right away. I asked for a reason and he said he would call me at final bell. He works at a trading desk and was busy. I asked him what is up and he said not good seems some die hard owners were hitting the road. I have known him for fifteen years. I sold all remaining shares. Take it for what it is worth. But I doubt when we speak later he is going to tell me to take the loss and buy back in tomorow(it is in my IRA account. He said he has heard no news from the company regarding manuals. Again take it for what its worth, but I believe there are some people who thought they were going to make millions who have lost large sums of money.
Darth even though the plane has not flown its still required to have the inspection. Sounds like its very expensive. Also thank you for supplying the info Im a car truck and cat machanic by trade.
What is your prediction for the pps when the very first revenue flight departs JFK?
Star what do you and others think the share price will be once Baltia is allowed to open up the ticket window?
I had asked several posts ago if Baltia had to do another scheduled maintenance because a year of non use has gone by? If they do how much will it cost and how long will it take. I dont want to find out this plane had to be scrapped, crapped or reflapped.Does anyone have a contact in michigan so we know if the plane is even operative.
They have all sacrificed a great deal for the certification. It is hard to imagine how they make ends meet in their personal lives. I hope the goverment is sincere in its actions towards Baltia, sometimes goverment agencies are just plain rotten. Have a good day.
No one replied to my earlier post where I also said this uptick has occured before only to fizzle out. I have seen this happen maybe four times in the past six years. I have never seen the volume I have seen in the past couple of days ever though. Im hoping it is something but with these guys you never know. Maybe they were out of the office because they wanted to get a package deal from the same bankruptcy attorney. I do agree with you that some of the remarks you cited are as good as my sons excuses for not completing his homework assignments. But you never know next week we could be at six cents and then it would be really interesting. Have a good evening.
I believe the plane needs to have another scheduled inspection. Someone mentioned this earlier. Can the inspection be done at its current facility, and how much do you think it will cost? I would hate to see a mechanical snafu or a backlog at the facility effect the planes arrival at JFK. Iam very happy I bought back in after selling almost 200k shares of the stock after becoming irritated with it. I hope this is the real thing Over the past several years I have seen some runups only to see the momentum disolve. However this does seem to be different. My wife is retiring after 38 years this April and we are moving with our son to S. Carolina if this thing hit it would be really nice.
Do you think they will start revenue flights with the plane they have, or do you think they will buy a newer jet? I dont know if the current plane has had an interior update but the pictures I saw of it pointed to a complete update. You cant charge 16k for a first class ticket and provide a cloth backed seat that one million travelers have farted in.
Lt. I bet at this moment you are at Baltias HQ waiting for the word. I trust any news good or bad will be given to us by you. I will be watching my sons football game tonight at Edgemont I hope by the half you have supplied us with the info we have been waiting for. GLTA
I just want to play the devils advocate for one minute. You once posted that you were part of an investor block that owned millions of shares. A bad word from you could be disastrous to the company if posted on this board. It could set off an avalanche of selling that could never be recovered from. Please understand I do not doubt your sincerity, but they never seem able to give anything of substance except we are really close to approval. I dont want to hear they are prohibited from makig certain statements etc. But you must realize you are the last person they are going to say something negative to. Once again just look at it from another angle. I for one appreciate the time and effort you have given to this board you are a man of substance. Do you think they would call you and say get out the bottom has fallen out? I hope you can just see where Im coming from. I hope you have a good weekend and thanks for reading this post.
I cant understand why they did not convert it to a cargo only application unless they found that the guy who belly landed it was also the person who repaired it. I still cant understand the whole logic behind it. Who needs tax losses when you have not made any revenue flights. It must have been in terrible condition.
Sorry for the confusion. I was told three months ago the annual shareholders meeting was in the middle of September. One of my shareholder friends heard that the meeting had alreay taken place . Is this true?
One guy says anyday now while another knows but wont tell while others say the management are wonderful people. I was told the shareholders meeting was in mid September. Someone from this board had to have gone, so share the wealth or lack of it. I know two other shareholders who were given the incorrect date. How can we have the minutes from the meeting posted for all to see. This is starting to look like a complete collapse to me. I respect every persons opinion, but I dont see how people are still saying any day now we will have approval
I did not want to file an SEC complaint against Baltia, I was trying to say that many investors have been duped. I know of several people in my community who have huge losses investing in this company. They were drawn in by the possibility of huge profits that laid ahead. One gentleman bought several private placements based upon info provided by the person at Baltia who made the solicitation. He was told that the company would be flying, several years ago, and he had to strike while the iron was hot. The companies silence is also unsettling still even to me, of course someone will say they have to be careful what they say because of FAA rules but a one paragraph thank you from Igor in eight years just dont cut it. Its obvious that if they were to fly management would profit but for a long time now they have made a living using the present methods at hand. I hope everyone makes money with the stock, I have even kept a 25% position. But to the brave who dove in with one million share plus positions, you must be hurting now and I truly feel for you. Enough said GLTA I want to go out to Robert Moses now.
When I bought Baltia I knew it was a spec play. I feel very bad for investors who bought private investor blocks of stock. They must feel pretty bad right now. I remember a salesman from Baltia calling me and saying my profits would be unlimited the sky is the limit. I know several friends who bought one million share blocks, that wont even mention the companies name now. I have sold seventy percent of my initial investment and put it in Verizon. I hope one day I will click on this sight and see the stock at fifty cents that would be nice. But unless you can afford to lose every dollar you have invested you dont have any business being here. I do hope the stock snapsans losses turn to profit, but lets face it ten complaints or one investor action to the SEC would sink this thing.
Thanks for the info but the loaner jet is not going to have a Baltia logo and tail number. If I was flying and an unmarked plane pulled up to the gate I would think it was very strange and not up to par. But if that situation existed it would be great because we would be flying instead of watching another travel season go by with no news and no revenue flights. I have to say that another summer fizzling away has me very doubtful these guys will ever fly. Truly hope Im wrong on this one.
Baltia gets money from new unaware investors and uses it to pay off old investors who are cashing out. Also how do they think they are going to start revenue flights with only one plane? What happens if this old jet needs a repair that might take several days? They would have to cancel their flights for the rest of the week. I have not checked in on this board for a while, but seeing they have not purchased another plane or have negotiated for one makes me feel uncomfortable. It feels to me that they have lost some of their confidence. I truly hope Im wrong about this.
That is great and I hope your grandson took your advice and bought in when you did. I have been helping my son study for his Regents and have not been following the board what has happened?
I felt the ame way you do ealier in the week, but a person on this board set me straight. Reavaluate your goals and dont do anything rash. I believe you will be better off if you hold then if you sell at a large loss. I still feel we are blind to what is going on. I dont know if this will help the way you feel.
LT as always thank you for your positive input and time that you have spent passing along very valuable info to all of us. Perhaps when the airline gets started a position should be secured for you in investor relations( I totally mean this). I believe a letter or statement should be supplied to us by management, signed by them stating exactly where we are at. Lack of info is starting to erode the trust some investors have for the co. I have spoke to several people who want to sell their shares because of this reason. We all completely understand that certain subject matter is taboo but nothing aint something. The next time you speak with Mr. Clare tell him that there are a number of small investors that are being starved of info. I myself have bought no additional shares of stock during this downturn because I feel Im throwing money out the window. I truly want to thank you for your efforts on keeping all of us abreast of what is going on. Have a nice weekend.
I understand and respect everything you are saying. But dont you even feel that there is something wrong here. How long can these guys at Baltia hang on for in your honest opinion. The faa I really dont think cares and as far as politicians go they simply will say those are the breaks. What I guess iam trying to seek is how long do you think Baltia can survive in the current climate they are in. Why did they not say or disclaim the PR that was done last week.
How long does a person hold a relative belief that anything good is going to happen at Baltia I have been a small investor for thirty five years and I have never seen a management team act like this. Last weeks attempt at PR has not been followed up with anything. I cant believe that even the management team at Baltia has the confidence they had three months ago. If an investor is selling millions of shares it most likely is because their expectation of making any money is finished. Hey I would like all of us to be profitable and the company get under way, but each day that passes seems like another nail in the coffin.
When I first started watching this stock it was at sixteen cents and any day now they were going to be approved. The only radios they are going to need are two oatmeal boxes with a string attached so Bare and Igor can call each other when they have their phone service stopped.Anyone that I know that were original investors are gone and the stock keeps floundering.
A stock that is on the track for approval and a price breakout does not look like this. I think the stock is going down the tubes. How can anyone see this as a great buying opportunity? My god are we all so blind, and still not a word from these guys down at Kennedy. After seven years of investing in this co. it is time to dump and go somewhere else. The only thing this stock is headed for is delisting.
I thought of doing that. Ibasically have been buying into the stock during periods of downward pressure, but I find now my confidance in the Co. as a whole has been tried. Thank you once again for responding to my post.
Thank you for the info. I have lost at least fifty percent of my initial investment with this company. I have hung in there for at least six or seven years. How can a person not become disgruntled with this stock/ I can not believe that the company still remains silent about what is going on. I called last week and asked to speak with investor relations--- told no one was available. I asked when the next shareholder meeting was--- the person did not know. I left a call back number and have not heard from anyone. This is no way to conduct business, but I bet if they need to raise additional cash with a new stock offering I will be notified. But thank you for responding to my post.
Alot of sellers and it is only mid morning. I think everyone is jumping ship.. By the time the L.T. gets back I wonder if there will be anything left to talk about.
I think we need to physically go to Baltia and have the questions that you have brought up answered by them If it comes from the horses mouth perhaps or maybe it will have some degree of accuracy. Do you live in a locale that is near Kennedy, or would you be interested in getting a group of investors together to visit their headquarters?
I think it is great that you are spending true quality time with your grandson. Please see if you can find the date and location of the next shareholders meeting for us. I have been a long time investor as you have been of Baltia. I believe the quality of the posts and accuracy of information has weakened some as of late. Good luck on your visit.
Thank you for your post. The info is very important at this time.. When do you think you will visit Baltia? The reason I ask is I believe a number of investors should make a trip to Baltia so we can discuss relevant matters with the co. Does anyone know where and when the next shareholders meeting will be? What we need is straight forward info from the horses mouth. Who dropped out as moderator? I hope everyone has a good and blessed holiday. Thank you old and wise.
Thank you for your response. I feel better today after seeing a positive move by the stock. Gov. Cuomo is the guy to go to. Perhaps this might help. I recall after being seriously injured while on duty I called on Senator Ball to see the status of my disability claim. I had heard nothing from the goverment for over one year. He made the inquiry and nine days later I received a positive outcome. Perhaps Baltia has already done this. If you need to find something out about the federal goverment a federal employee is the person to go to.
How can these guys be late with their 10-k? Their sitting around waiting for manual approval and they cant get a 10-k done. That looks real bad. This is terrible to show your shareholders. These guys are begining to stink of incompetance. I truly cant believe I was stupid enough to invest in this company.
Wild price swings, heavy volume, I hear the toilet flushing.