I'm out. The info I received is pretty disturbing and I might as well keep w/e I had left. I'm out $55K but it's definitely an expensive learning experience. I will buy back in when BLTA hits trips because after the ASM it will.
BLTA management is all to blame and not the FAA. Lack of transparency, the unwillingness to just schedule another mini instead of just hoping to receive a pass, is inexcusable. I was so pro BLTA, to hear that the FAA didn't provide a decision, and now it's looking like the second to third week of January before the FAA does ANYTHING, ie, pass/fail and/or a mini #8 will only drive the PPS lower.
I will continue to watch but time is not in BLTA's favor and more dilution is obviously coming.
