Posted On: 04/15/2014 8:04:59 PM
Post# of 41414
Re: Lostintheflood5 #3322
Earlier this year I took part in organizing a meeting of the top 10 investors in BLTA. These guys were going to come into NY from as far away as Riga. The meeting was scheduled for February 9 (Sunday) at Baltia HQ in JFK. Igor was going to make himself available, and the meeting was designed to bring us all up to speed as to where Baltia was and where it was heading, as well as ultimately raise about 2.4 million (1.8 million to carry Baltia through certification and a .6 million dollar cushion).
About 2 weeks before the meeting I received a call to cancel it. The meeting was no longer necessary, as one of the guys (I referred to him as a "whale" ) had a group of investors (whom I referred to as his "pod" ) that had agreed to fund Baltia up to 4 million dollars to complete certification.
Before cancelling the meeting, I checked with Barry and with Igor, and although they would give me no details what-so-ever, both agreed that the meeting was no longer necessary.
Take that however you see it, but I don't think Barry or Igor would have given up that meeting if they needed $.
As for Private Placement at present, I have been told it is at about 75% of current market pps.....and really only being offered to existing and loyal shareholders.
Honestly.....I have only purchased through PP for all of my Baltia holdings (my fiance and my son purchase on the open market), and 75% of current pps is expensive. In the past PP would go for about 50% (your shares are restricted from sale for 6 months).
IMHO, Baltia is not desperate for $ at this time. I believe they have more than adequate funds to carry them through (which, since the funding occurred sometime in February 2014, will not be seen on the 2013 10-K. ) We will all have to wait to the 1st Quarter 2014 10-Q.....due out in.........wait for it.............MAY!
LOL...........I am still telling you..............May has the potential to be a huge month for all!
Oh, and BTW.............Thank you Baltia HQ and all those who worked so EXTREMELY hard to get the 10-K out on time.
I knew you still cared about us out here..........................
About 2 weeks before the meeting I received a call to cancel it. The meeting was no longer necessary, as one of the guys (I referred to him as a "whale" ) had a group of investors (whom I referred to as his "pod" ) that had agreed to fund Baltia up to 4 million dollars to complete certification.
Before cancelling the meeting, I checked with Barry and with Igor, and although they would give me no details what-so-ever, both agreed that the meeting was no longer necessary.
Take that however you see it, but I don't think Barry or Igor would have given up that meeting if they needed $.
As for Private Placement at present, I have been told it is at about 75% of current market pps.....and really only being offered to existing and loyal shareholders.
Honestly.....I have only purchased through PP for all of my Baltia holdings (my fiance and my son purchase on the open market), and 75% of current pps is expensive. In the past PP would go for about 50% (your shares are restricted from sale for 6 months).
IMHO, Baltia is not desperate for $ at this time. I believe they have more than adequate funds to carry them through (which, since the funding occurred sometime in February 2014, will not be seen on the 2013 10-K. ) We will all have to wait to the 1st Quarter 2014 10-Q.....due out in.........wait for it.............MAY!
LOL...........I am still telling you..............May has the potential to be a huge month for all!
Oh, and BTW.............Thank you Baltia HQ and all those who worked so EXTREMELY hard to get the 10-K out on time.
I knew you still cared about us out here..........................
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