I am not sure who to reply to on this board, but your question seemed the most sincere, so here is my answer: When I was alerted recently about the Preferred offering, I asked the same question. Yes, St. Petersburg is still a destination, but now the intent is to fly to any open skies international destination that can be reached by a 767 as a direct, non-stop flight. I don't know the list (I'm sure we will find out at the SHM), but Europe, Eastern Europe, Africa and South America are all accessible.
Now for my morning post....oh, and one last thing: I've been helping mom with her paperwork since dad passed, and I just received a text from their tax accountant. He wanted to know the ticker for Baltia. He will be buying.....
I wrote this late last night. Someone complained of "doubling down" right before the last mini-evac. This was my reply:
Sorry buddy, but God had other plans. I’m guessing He NEVER wanted that 747 to carry passengers. Maybe that was my fault. When I pray, I pray that Baltia Air Lines will be a SAFE, successful company. Careful what you ask for.
Now, imagine your level of disappointment when that slide twisted up like a pretzel, and then multiply that by 1 billion divided by the number of shares you own. That is how I (and I truly believe Igor, for that matter) felt.
Why do I post? LOL, I hope everyone realizes that the buying and selling that they make on a daily basis has absolutely no effect on the true value of MY investment. I have over a billion shares. Imagine if I tried to sell them at this time? Maybe, if I’m lucky, about 20 million at .005, and then the rest tapering off very quickly to a pps of pretty much absolute zero.
Clearly, with the quantity that I possess, I am waiting for the time that the real investors enter the market…..the Morgan Stanleys and such……and the volume skyrockets to the hundreds of millions of shares per day (or equivalent taking into consideration the R/S).
I post because it helps reduce my “Buyer’s Guilt.” I’m not selling. Remember 2 years ago I had a billion shares, and now today I have a billion plus. (I’m listed in the PR regarding the SHM – you can verify the number there).
I know a lot of you work very hard for your $, as I once did many years ago as well. I know what it feels like when you get that queasy feeling in your stomach, wondering if you have enough $ to pay the bills, feed the kids, or pay tuition. The memory of that haunts me, and it kills me every time I buy for so cheap what others probably paid more for and are probably just throwing away out of fear.
Therefore, to help ease my conscience, I reveal to you here whatever I know or truly believe. Then I leave it up to your own free will to decide your fate. If you choose to sell….knowing what I know….then so be it. If I were to tell you that the lake is loaded with alligators, and you decided to go swimming, you can rest assured I’m not going to lift a finger to save your sorry a$$ when the gators come to feed. You are free to make your own choices. The best I’d do for you is call 911.
So here is my next tidbit: I have clearly told you….100%....that the name change and the R/S will both be approved. I have also clearly stated that the ratio and timing of the R/S is solely up to the discretion of the BOD, and I am truly guessing that even they don’t currently know when it will actually occur.
Think like this: If EVERYONE right now knows that the R/S and the name change are going to be approved, then isn’t it obvious that those two items are already built into the current pps? If you are concerned that the pps will drop after the SHM because of the R/S vote, then your fears are unfounded. The pps will not change….either up or down….because of the vote on the R/S or the name change, because the results of both those items are already known and built into the pps of today.
Now let’s go further. Tony called for a Special SHM, clearly to brag (and he earned that right). Clearly he isn’t bringing us all together to drop a bomb, hand out tissues, and depress us with a bunch of bad news. What we don’t know is HOW GREAT that news is going to be. Therefore, the value of that news CANNOT be built into the current pps. If the news is unimpressive, then the pps will remain flat. If it is good, then the pps should go up a bit. If it is phenomenal, than perhaps the pps will go up a lot…..but my point is that none of those events are built into the pps of today. Even if the pps only rises a tiny bit after the SHM, say by .0005, then the shares I buy TODAY (.005) will be worth 10% more in just 2 weeks. That alone is an annualized rate of return of more than 260%, and not a bad return for something that seems to be a logically foregone conclusion – that we will be receiving some level of GOOD news at the upcoming Special SHM.
Ahhhhh…..buyer’s guilt relieved for today. Sell if you will, but don’t expect to get those shares back at a later date for the same price or less. No matter how much you scream and you cry, no one is going to help you any more than they would if you knowingly decided to swim with the alligators.
Godspeed to all.
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