As I suspect many others on this board have had the opportunity to do, I could have sold my entire position in the green... In my case for a 137% gain. I would never sell any of my Baltia position prior to flight operations/revenue generation. I've obtained my entire position via private placement and will continue adding certs when the time is right.
Regarding the suggestion of price target based on .5 to .7 of total annual revenue...
Let's say total annual revenue was $100MM. At .5 to .7, Baltia's price target would be .025 to .035... That's where the price is today without any revenue or certification. I think we can all agree that a price target based on these figures is a bit misguided.
Having said that, I also have a feeling the 2011 average forward PE ratio for the airline industry is also lower than the 9.8 that it was in 2005... Just haven't looked for it yet. I also think Baltia will have to be up to 4 or 5 RTs per week for that target... Not 3. Unless of course a new route is added.
It's all fun speculation at this point. You never know with legitimate small caps... They can shoot through the roof when major progress happens so I could be way off here.
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