Just spinning some numbers and wonder if the regular investor can really make anything here. It will cost $18,000 to get a million shares at today's rate. The best seen in a while is possibly two pennies and a half. That will net you around $7000. Granted this is possible but certainly won't pay off the mortgage and the risk is enormous. It is apparent that the only real gains will be made by those who made private placements at half the current price per share and of course management that have granted themselves huge stockpiles. Then there are the "employees" that have opted for payment for their services in stock instead of actual pay. They have many millions of shares and will do and say anything to make you feel that your riches will be had just around the corner, right after the next event that brings this company closer to operation. You can tell they are in a panic mode when you see certain posters accelerate their comments. One in particular is an owner of a unrelated company and portrays himself as the all knowing truth and has millions of dollars invested and ready to pour more in whenever they need it. He posts so many times on iHub it appears that he is afraid of losing his investment. This is what should make us regular investors nervous. All the excuses seem to come from this poster and he seems to be the outlet for the company leaks. These leaks tell of all the bad news but somehow he places excuses and blame on other vendors and conditions trying to make us all believe that the failures are not the company's fault. This is insider pumping in a very suspicious way. To get back to my original point, the regular investor will not see the enormous gains that all the insiders have coveted for themselves. Invest with caution. Always be cognizant of the capital net worth of the company when listening to the pumpers. Certification is probable but future profitability and price to earnings may be disappointing.
Either no one is buying or no one is selling. Certainly, no one is excited about a possible mini evac next week. There should be a lot of speculation going on by now. I guess the possibility of another attempt not passing is on most investors minds. Hardly anyone wanting to risk a purchase at this level says a lot. The pumpers have beaten the energy out of the stock.
Anakin: "It's not my fault. He's holding me back."
Young Kenobi among othersi: "I have a bad feeling about this."
Elder Kenob with a wave of his hand: "These are not the one's we are looking for"
It is a wonder how many situations this company gets into that they continually are able to talk their way out of.
Investors here, myself included, get duped every time. Granted the information never comes directly but through a never ending flow of information that is passed to the internet message boards by employees that cloak themselves behind message board names. Much of this information could only be known by office personnel and has been going on for years. Many of these company paid posters have left this board and now focus their pump on the iHub message board with tens of thousands of posts so far. Their reluctance on verifying the past failures and fending off blame to other vendors and continually stating that we are almost there should be taken with an element of skepticism. It is a shame that the company hides behind these posters and deliberately keeps us in the dark.
So much for that. Unfortunately, they didn't pull it off. Supposedly everything went well except the damned slides again. This is apparently not uncommon believe it or not. Looks like a few more weeks while they reschedule again. Time to average down...
BLTA buy ASAE If you liked CSNG then you'll love ASAE, the most active hotel buyer in the US. Insiders own 67%!!! A/S = 45M O/S = 14.5M. Now at historic lows under a dime, revenues in the millions COMPLETELY UNDERVALUED a GIFT
You might be right on those airlines...although some of them I know either started as or still are cargo carriers (like Southern Air) or are domestic only. Whatever the case, I agree that it's probably not the best talking point.
That distraction aside...the point was that BLTA might have a significant PR tomorrow morning...and that certainly looks to be a strong possibility as there is indication that they passed the mini-evac. Fingers crossed...
I'll second that. So far from the witness of an investor that was perched just outside the fence and taking pictures...it appears that we passed. This is not confirmed but it looks real good at the moment.
That is not my finding but I'm always open to correction. Please name one other international passenger airline that was certified under section 121 since Jet Blue.
BLTA is rumored to be performing a mini-evac this evening as part of their phase III requirements toward full certification as the ONLY international passenger carrier that will offer non stop service from JFK to St Petersberg, Russia. This has huge upside potential. They will also experience high demand from cargo services which could begin during proving flights.
While it is not a guarantee that they will clear this hurtle tonight, things are looking quite positive. Photos of the plane this afternoon show mats deployed which is consistent with preparations for this test. If they successfully complete the mini-evac tonight, they will move on to proving flights; which are the final requirement for certification. Once certified, BLTA will be the first passenger airline to complete this type of certification since Jet Blue. Huge potential here IMO. An announcement of a completed mini-evac tomorrow could move this stock considerably.
An unsuccessful mini-evac is possible but would simply delay things slightly. As close as they are to certification, it no longer looks like a matter of if, but WHEN.
Good luck to the staff and crew of BLTA this evening. Make us proud!
geezzzzzzzz if they can't get past the mini vac how the hell are they ever gonna get flying --perhaps in another year or two !!1--- if nothing else this will be a tax loss