Just to clear things up a bit. My disclosure....yeah I own Baltia stock. Do I want to profit from the the value going up, absolutely.
One thing I want to make clear is that I'm a realist. I like dealing with reality...not opinions nor assumptions. So when I question a post, it's to gain clarity on a situation that's presented by that post.
So from what I gather from the whole Bolanos purchase, I have to agree with starchaser that this was more of an internal move that was probably necessary to occur in order to keep things afloat rather then an infusion of cash. Sort of like when a particualar bank (which I happen to work for) moved a couple dollars from here to there and Viola, we reflect a profit for the quarter. So something along those lines in order to keep business going. Some might look at it as a positive thing some might look at it as an attempt to scrape the bottom of a barrel. That's more of a personal perspective thing.
All of these actions, regardless of time restrictions, regardless of past performance (even though it can be used to predict future outcomes, i know this) regardless of any outside uncontrolled forces like the FAA and all thier requirements... I see commitment here to get this airline up and running. That is all I see, and I like what I see as an investor. Every company formed faces problems, the question is, do the people who are running the show there at Baltia adjust and adapt to these issues. With all that has happened in the past 2 years I can say confidently the answer is yes. Is there still a long to do list...absolutely. Is there a question of weather there are enough resources to continue this to do list, absolutely. I personally think that there is a committed resolve here at this company to do whatever it takes to get this going at whatever cost. The point of no return past a long time ago and theres no turning back. this company is a go because they're knocking at that front door and it will be opened. So talk about this concern, talk about that issue at the end of the day luck is not required so we don't need the GLTA's anymore, we just need results and that's what we are going to get!
Orvie, thank's for the update. Greatly appreciated.
