jojo, noone has been more critical of the venture than I; and the last thing I will do is to profess to have all (or any really the answers, but:
I do think there is a market and money to be made.
I think that Baltia can and will be profitable on the JFK to St Petersburg route.
I also firmly believe that the service can me achieved but that people will not pay the prices Igor is thinks of. I applaude his vision and what he wants to do, but I think you can get the service he wants to give without all the expenses of fine linens, china, etc. While eye appeal is nice and important, a kind smile, extra legroom, and enough attendants to give constant attention will move an airline further than glitz and polish.
I am in for a bunch of shares, I am VERY upside down in my buy in price vs current share price.
I do not think the stock will ever break .25 at the most, and would be very happy to break even, but a risk is a risk.
If the money you have in stock is needed, then you need to bail because this has become very risky.
I think there is still money to be made, but I also think that the bubble is full and will either float or bust in the very near future.
To me, the most doubt I got from the company is when they refuse to borrow from their line of credit (which is guaranteed by the upper management). The line from the company was "trying to keep debt down", I saw it as they were afraid to risk their nest eggs and therefore the venture was not all that serious.
A lot going on. I am in sink or swim (have to be, to sell now is like doing nothing).
GL to us all.
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