Rocky Mountain Investment Club

[bliz82]

BLTA Update:

Still waiting for the company to explain where their money will come from to get off the ground.

Still waiting for them to explain why their service frequency expired on September 30th.

Still waiting for them to explain what they will do when their fitness certificate expires in January. It will be revoked if they don't fly before then (one year from fitness finding).

It's amazing that people will pay .11 for a so called company like this that has 440M shares outstanding, no revenues and have accumulated a $21M deficit! And with their current PP and other shares given out and likely sold into the market, we can assume they'll max out their O/S. Run valuation models on 500M O/S. Even if they find the money to get off the ground, I don't see how they think they can make a 40% profit margin and have 100M in revs. If you believe that, I guess it's an easy 100 bagger from recent lows. Whatever... A more realistic outlook would be for them to break even at best or even a slight loss. I guess we'll see. I thought at sub .02 this might be worth a gamble and it was. Certainly a great time to sell now...not buy!