Like any stock, the risk of loosing money is always a strong possibility. Funny thing, it was also suggested not to throw money away by buying American Airlines stock when it seemed apparent that they were going bankrupt and would soon be out of business. Their future depended on the allowability of a merger by a judge. Once again, like a number of times before that, I did my homework and got the right feeling in my gut and took a chance at 35 cents a share when most everyone else lost hope. This year, a couple of months ago, I sold my several thousand shares at $45 a share. This was my 8th major win in 6 years with only 2 minor losses in between.
I've worked in the aircraft industry over 35 years and have a great deal of experience dealing with military officials, NASA and the FAA in securing approval for the delivery of newly designed aircraft. From that experience I well know the difficulties associated with getting final government approval for new projects. With that approval comes the risk of failure.
I believe that one of the reasons for the large amount of stock Baltia has had to issue is because many of the companies that Baltia uses to acquire and prep their airplane and many of their employees (except Barry) are paid in stock. These companies would never accept stock as payment unless they were somewhat assured that the stock would eventually be far better than cash.
I understand that there is no sure thing that Baltia will be certified by November but from my own experience, many phone calls and independant research, I believe their chances of success are far better than failure. If and when that happens I will be an even wealthier person.
Good Luck
OLD & WISE
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