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kayakzz

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kayakzz

Re: kayakzz post# 61428

Wednesday, 11/18/2015 6:43:49 AM

Wednesday, November 18, 2015 6:43:49 AM

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Baltia needs to sell 20 million PP shares a day to stay afloat. That's right folks, 20 million a day. Here is the math. They burn 24K a day and they sell PP shares for about 1/2 of market value, or about .0012 at the current PPS. Divide .0012 into 24K.

If my math is flawed, please let me know and I will post corrected figures.

"Our operating activities utilized $6,713,777 in cash during the nine months ended September 30, 2015"

The spending rate is about 740K a month or 24K a day.

How long can this continue?

Certified Expert on All Topics

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