Posted On: 12/05/2014 6:14:31 PM
Post# of 41414
To the best of my knowledge (or "In My Honest Opinion" ) :
First, you have arrived at the extreme tail end of a 5 year process. Most of us have been here at least that long, and most are averaged in at probably what the pps is trading for at exactly this time.
1. No published schedule, as the timeline is extremely flexible and based on the whims of the FAA, but at present, we expect to see Baltia pass its mini-evac next week and start the domestic proving flights by mid December. I would believe that the international proving flights will extend into the middle of January, and if all goes well, Baltia will receive its certificate before the end of January.
2. Issued shares is quite high, but the actual, tradeable float is probably somewhere around 1 billion (because of unrestricted shares counted in the float but stuck on stock certificates in investors desk drawers) - still high, but quite manageable for a start up international airline. I expect hype and excessive demand to be coupled with a limited supply at first. Where that takes the pps 72 hours after certification is anyone's guess.
3. The sanctions against Russia - IMHO - will actually work in Baltia's favor. Having lost hundreds of millions of $s in revenues due to the sanctions, Putin is most likely looking to make as much money somewhere else to make up for the loses - and Baltia bringing tourists and businessmen to Pulkovo (which just underwent a $3 billion make-over) will be a welcomed relief.
First, you have arrived at the extreme tail end of a 5 year process. Most of us have been here at least that long, and most are averaged in at probably what the pps is trading for at exactly this time.
1. No published schedule, as the timeline is extremely flexible and based on the whims of the FAA, but at present, we expect to see Baltia pass its mini-evac next week and start the domestic proving flights by mid December. I would believe that the international proving flights will extend into the middle of January, and if all goes well, Baltia will receive its certificate before the end of January.
2. Issued shares is quite high, but the actual, tradeable float is probably somewhere around 1 billion (because of unrestricted shares counted in the float but stuck on stock certificates in investors desk drawers) - still high, but quite manageable for a start up international airline. I expect hype and excessive demand to be coupled with a limited supply at first. Where that takes the pps 72 hours after certification is anyone's guess.
3. The sanctions against Russia - IMHO - will actually work in Baltia's favor. Having lost hundreds of millions of $s in revenues due to the sanctions, Putin is most likely looking to make as much money somewhere else to make up for the loses - and Baltia bringing tourists and businessmen to Pulkovo (which just underwent a $3 billion make-over) will be a welcomed relief.
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