Robodog, any company can file unaudited financial statements and a company who hires an accounting firm to come in and audit their financial statements and render an opinion on the company's financial condition is very expensive.
Baltia, with audited financial statements, opened up their books to an accounting firm to say they're for real, they're serious, their financial statements are accurate and most important, to get the Auditors to give their opinion that the company's financial statements are not materially misstated.
Baltia had to pay a firm $12,000 for that work...and we know their revenues begin with the inaugural flight.
The interesting thing about it is the timing and it's the first time they wanted their financial statements taken into consideration seriously.
Personally, I think Baltia is expecting a substantial increase in their pps and they expect it to run and they don't want the stock halted...so they are covering their company with AUDITED financial statements so the SEC cannot halt the stock when it runs.
When BOCX ran from cents to almost $4.00 in a few days, the SEC came in and halted it...stopping the momentum.
Baltia is doing everything right. With FAA certification and Audited financial statements, this stock is in dollars, and it has no TOXIC FINANCING...we can see this with the Audited financial statements and subsequent 10Qs.
TOXIC CONVERTIBLE DEBENTURES DESTROY A COMPANY'S STOCK PRICE. The holders, most of the time, are like loan sharks...charging 50% interest for a few thousand dollars in a loan. The other word for Convertible Debentures is simply Bonds convertible to Stock.
Those who hold convertible debentures can short the stock (naked) and artificially lower the share price and then, adding insult to injury, they don't have to buy back the stock (which would put the pps back up). They get to take their little Bonds (Convertible into stock) and just convert some of their bonds to stock and hand it to the MM or investment banker. They short the stock so viciously, that it only takes a small amount of their bonds they have to convert to cover.
We want the shorts to be forced to PAY for shorting the stock, we don't want them to just convert some bonds to Cover their disgusting short position. (it should be against the law) It hurts company and decent stockholders. It's also vicious because they can do it again and again.
Our newly Audited financial statements prove to the world we do not have TOXIC Financing!!!! It is beautiful. Money on the sidelines like it.
AI
