John Drago is a director of the company. If you do some research you can find out much. Since it is actually posted on Yahoo Finance, the other big investor who sold roughly 93 million shares is Eastern Construction and Electric, although I fail to find any Form 144's related to this. Sorry it took so long to reply, I was busy.
If you do the math, the two biggest living whales need to see .01 and .02 to break even. Anything above that, they do quite well, especially John Drago with over 1 billion shares. Mr. Eastern Construction and Electric needs to see some substantial appreciation of the share price to do as well, so in other words, he is locked in unless he has another investment offering greater rewards that he can use as a capital loss against profits.
Tony, well, at no cost he is in the money on everything above 0.0.
Being the pinks news is everything, not performance. Many investors here who have been purchasing at below .01 or even .005 will do well with any press release showing this is going to be a going concern with promises of this and that. I have seen this many times before naming names of people who have everything to lose if the promises do not pan out. It is not uncommon and I could provide numerous examples but they would all be off topic. So Baltia can continue with open ended deadlines, naming names and so on but the bottom line is, who is going to profit the greatest or break even from the news? Many speculators will to be sure, a momentum news driven play. Investors are waiting for the flights, speculators are waiting for news on the possibility of flights. The message to shareholders was very unprofessional.
I can hear the announcements now..
if it goes anything like the last press releases regarding October 31, 2017, departures announcements in Stewart might sound like this;
UsGlobal Airways Flight 011 might be departing for Tampa from Gate 40.
UsGlobal Airway Flight 012 might be departing for Israel from Gate 31.
As we have seen deadlines are not targets, just maybe's.
