Usually I do not respond to your inquiries, because very often they appear to be an attempt to lead someone down the road to some twisted, wharped logic of illegalities or improprieties.
That being said, and truly these questions also seeming to fit that same situation, I will none-the-less attempt to grace you with an answer.
1. I cannot speak to the small blocks of $10K or $20K PPs, but when it comes to the big blocks.....in the hundreds of thousands of dollars at a time....recall that I myself set up a meeting of the large investors and at that meeting we discussed and laid out a funding plan to bring Baltia through the certification process. Baltia execs had nothing to do with the meeting nor where the meeting was going to take place, but they did know that it was going to occur. Present were representatives from various groups of individuals holding anywhere between 100 to 600 million shares. I would say we easily met your very low expectation of 1.4 billion shares. Keep in mind that about 80% of this company - if not more - is owned by Baltia management, Baltia employees, and a small group of some very powerful, influential and successful businessmen. Again, I will say it without any reservations: I was truly the little guy in the room.
We all agreed - a "Gentleman's agreement" to fund Baltia as she moved through the process. As I myself was one of the first to act after the meeting, I chose to be one of the last to fund - providing fuel for N706BL when the proving flights arrived (That was no accident, as I deliberately stepped up to the plate at first so as to do most of my funding at the end - a time when I could be assured that Baltia was going to be successful and that its success was imminent).
Everyone in that group stepped up to the plate when their time came, and everyone in that group shared the same sentiments: no one had any intentions of selling their BLTA until after Baltia started earning revenues.
As a gentleman's agreement, we bound ourselves to the same restrictions that upper management had legally bound themselves to the company in the past. Yes....some of us removed restrictions and turned our certificates into "electronic" shares (as are now a part of the "float"), but mostly this was done to appease the financial community: lending institutions prefer to see things in black and white - values in a brokerage account - rather than rest their "generosity" on a pretty piece of parchment paper.
Bottom line: A good 80% of the issued shares can be considered "long term". What percentage of the float that represents, I guess only time will tell, but my guess is that BLTA is going to be worth the shot for even the littlest of guys to toss in a few dollars. As everyday passes, the "risk" (if you actually still truly believe that there is, at this point, any risk left) gets smaller and smaller - IMHO.
I'm putting my $ where my mouth is and I am ready to put up an additional $500K (and doubling that to $1 million provided BLTA trades at or above .035 by the time we get to proving flights).
2. Yes, it most certainly does, and more...much more. Baltia is like the scene at the end of "It's a Wonderful Life." I don't know how he does it, but Igor (aka: George Bailey) has a way of bringing out the best in people. I guess that is how you can run a company for a quarter of a century without ever earning a single penny.
Rest assured: Baltia has a strong financial backing to get it though to revenue generation.
Investing in BLTA - AT THIS TIME - is the closest thing to a no-brainer to hit the stock market in quite some time.
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