Had a good conversation with Baltia management today. I'm not a naive person and have real money invested, which I am ok with losing, but HATE losing money. Anyway, they explained the mini details and determination of FAIL was NOT given. Local sent to Detroit, which then went to Regional in Chicago which then has climbed the FAA ladder as this isn't a Baltia problem...it is an industry problem. The soon term stinks, but it was what the FAA advised and Baltia management isn't passive in their approach to getting results. BLTA management realizes shareholder frustration as they are all deeply financially committed. They aren't selling shares in anticipation of good news and are feeling the same pain in the dip in the price. They are working on a communication ASAP to shareholders to give us much information as possible to help everyone clear the rumors on this board. They have no plans of any future dilution because they are confident the green light is quickly approaching and everything will take care of itself. Lastly, I challenged the operating accounts and cash flow to continue operations while waiting FAA word...it is a non-event to them. They have funding and cash to keep the place running and have invested parties who will ensure things continue to operate. I know, soon is a 4 letter word to BLTA shareholders now, but it is only a matter of time before the news comes and sounds very favorable. Good luck to everyone!
BLTA LONG & STRONG
AI
