Allow me to continue.... I think Igor got to Luis
Post# of 41414
Posted On: 01/25/2014 10:33:52 AM
Re: The Lieutenant #1832
Allow me to continue....
I think Igor got to Luis in that for some reason, Luis was under the impression that the agenda of the original meeting as it stood was going to be "confrontational and negative", when in fact all I hoped for was for Igor to be completely honest and transparent and to tell us the good and the bad - before the group gave him the 2.5 million he was looking for. Truly, Luis was more of "I myself am convinced Baltia is going to make it, and for that reason alone, because I am convinced, you all should hand over a check (as I myself will do) and then I will leave and you guys can ask questions and discuss Baltia afterwards." LOL.....I just don't roll that way, and unfortunately I am not so sure the whales roll that way either.
So at this point, I am out of the loop. I very, very gently turned all of my correspondences over to Luis and politely asked them to expect updates from Luis. As far as anyone (besides Luis) knows, I will still be at that meeting - but man of my word, when I say something I commit to it - and I will not attend.
I will not invest any further in BLTA unless and until Igor agrees to stop raising authorized shares (and to donate back some of his own shares in the future if Baltia needs further capital) and to be completely open and honest (that is, stop just telling us on an individual basis just the good stuff and always leaving out the bad - which I consider "lies of omission").
My gut: This "Russian Cowboy" has been doing so many "non-SEC-kosher" things with this public company over the years, that now he (Igor) realizes Baltia has to "take-off" or Igor (and some of his staff) will be facing charges by the SEC. If Baltia doesn't make it, I for one will be the 1st to bring the problem to the SEC doorstep (Can a CEO continuously raise authorized shares WITHOUT having meetings and without getting the consent of the Board of Directors? LOL - I think NOT!).
The good thing: Igor and most of his top staff (Barry, Tony, et al) have GOT to fight tooth and nail to get Baltia certified - and they know it. LOL, if Baltia goes to 10, 20, even 50 cents - who cares about what they did wrong and how they got it there?! But.....if Baltia goes belly up......that whole staff is going to face months and months and months of tough SEC questioning......and I think some of their aggressive tactics to procure investments from PP investors (ie: "lies of omission", as well as many other tactics) are going to be carefully scrutinized and probably haunt them each night at the present time in their sleep.
Further to that, and IMHO, I think they got to Luis and he is now their newest pansy. This time around I think they will be dragging Luis into their circle and let HIM be the guy to obtain the next round of capital.....through, once again, "lies of omission".
Personally, I will not be a part of it. I have enough problems of my own to deal with.
I think Igor got to Luis in that for some reason, Luis was under the impression that the agenda of the original meeting as it stood was going to be "confrontational and negative", when in fact all I hoped for was for Igor to be completely honest and transparent and to tell us the good and the bad - before the group gave him the 2.5 million he was looking for. Truly, Luis was more of "I myself am convinced Baltia is going to make it, and for that reason alone, because I am convinced, you all should hand over a check (as I myself will do) and then I will leave and you guys can ask questions and discuss Baltia afterwards." LOL.....I just don't roll that way, and unfortunately I am not so sure the whales roll that way either.
So at this point, I am out of the loop. I very, very gently turned all of my correspondences over to Luis and politely asked them to expect updates from Luis. As far as anyone (besides Luis) knows, I will still be at that meeting - but man of my word, when I say something I commit to it - and I will not attend.
I will not invest any further in BLTA unless and until Igor agrees to stop raising authorized shares (and to donate back some of his own shares in the future if Baltia needs further capital) and to be completely open and honest (that is, stop just telling us on an individual basis just the good stuff and always leaving out the bad - which I consider "lies of omission").
My gut: This "Russian Cowboy" has been doing so many "non-SEC-kosher" things with this public company over the years, that now he (Igor) realizes Baltia has to "take-off" or Igor (and some of his staff) will be facing charges by the SEC. If Baltia doesn't make it, I for one will be the 1st to bring the problem to the SEC doorstep (Can a CEO continuously raise authorized shares WITHOUT having meetings and without getting the consent of the Board of Directors? LOL - I think NOT!).
The good thing: Igor and most of his top staff (Barry, Tony, et al) have GOT to fight tooth and nail to get Baltia certified - and they know it. LOL, if Baltia goes to 10, 20, even 50 cents - who cares about what they did wrong and how they got it there?! But.....if Baltia goes belly up......that whole staff is going to face months and months and months of tough SEC questioning......and I think some of their aggressive tactics to procure investments from PP investors (ie: "lies of omission", as well as many other tactics) are going to be carefully scrutinized and probably haunt them each night at the present time in their sleep.
Further to that, and IMHO, I think they got to Luis and he is now their newest pansy. This time around I think they will be dragging Luis into their circle and let HIM be the guy to obtain the next round of capital.....through, once again, "lies of omission".
Personally, I will not be a part of it. I have enough problems of my own to deal with.
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