Apart from the casino bet someone admitted to making, there has been no other strong interest from the markets, especially in the absence of any concrete advances or news being announced. That retail investor adding to their position makes it quite clear that had that person not taken a position, the volume would have been lower than it is now and it seems to be returning to those levels they were purchased at.
One would have to do some extensive in depth analysis to determine the weighted average price of the average retail investor to arrive at a conclusion as to the lack of selling or buying action. It is much easier to determine the weighted average price of those major holders of the stock and a rough estimate (not including those who were granted free shares but those actually who paid for them) is roughly 0.015 per share. Drago has to see .01, American Electric has to see .02 and between those two they hold a great deal of stock. Clare is averaged in at close to those same numbers and the stock he is holding he paid with proceeds from stock he sold and made commissions from when the share price was at much higher levels.
So many investors have averaged down from levels much higher than those insiders whose share average we know so to sell at this point to them means a sure loss so why sell? In for a penny in for a pound. They are trapped. Recent investors or re-investors trying to make good on past bad investment in this stock only need to see a blip, driven by news which if consistency is anything will be a great idea when the idea is announced, then a bad idea later when it does not work out, which then becomes another brilliant example of how much management cares about investors because they walked away from it. The lower locked in price with any bump from news is still much lower than even the big insiders so that investor can walk with a profit far sooner than they can. Investors in Baltia don't need an airline, they need a press release creating the promise of an airline -a good gamble to take and some well could clean up nicely while others will have to wait for this to go wheels up to see a penny back and even then it will take years to gain profitability especially with the current dodo management with zip experience running an airline. As to Lampl for example, he can only talk about what the company is going to do, he is a spokesperson in the twilight of his years, but is not a guiding light in terms of strategy. They have no one on the team with the skills necessary to get this off the ground. They are a six dressed up as a nine. Lample admitted to in an interview which has yet to be refuted by the company so the assumption can be made he was quoted accurately, the company did not have the fund to complete the deal that obviously was a term of the deal being completed.
It is about selling the dream where low share price invested shareholders will make money, not an actual airline. Like most OTCBB stocks they make some investors money on what is perceived, not what is. I have a fools errand listing of similar stocks I could list like Baltia, that fall into this category.
