I read Flaflyersfan post on the other website (I a
Post# of 41413
Posted On: 02/06/2014 11:56:07 AM
I read Flaflyersfan post on the other website (I am banned from posting there for another 1.5 years).
It is my impression that the 5 million dollar whale intends to buy up the rest of the remaining authorized shares (about 300 million) and then extend a line of credit to Baltia for the remainder of the $5 million. He is as concerned as the rest of us about "dilution", and I believe his deal will include a capping of A/S.
In other words....he will enable Baltia to make it through certification (and pay for the heavy C-check and etc.), and put his ass on the line, but in exchange he doesn't want Baltia diluting his ownership interest.
Look....the way I see it....a 5 million dollar infusion now could get Baltia through to first flight and turn his well over 700 million shares into a $140 million dollar windfall (at 20 cents a share....imagine the possibilities if it went to 50 cents a share!).
As I said to him on the phone, "I wish I had the financial backing to do what you are doing."
LOL.........and his intent is to accomplish this before the end of 2014...................and from my conversations with him, I certainly think he has the backing and the balls to get it done (he is 41 years young)..............
It is my impression that the 5 million dollar whale intends to buy up the rest of the remaining authorized shares (about 300 million) and then extend a line of credit to Baltia for the remainder of the $5 million. He is as concerned as the rest of us about "dilution", and I believe his deal will include a capping of A/S.
In other words....he will enable Baltia to make it through certification (and pay for the heavy C-check and etc.), and put his ass on the line, but in exchange he doesn't want Baltia diluting his ownership interest.
Look....the way I see it....a 5 million dollar infusion now could get Baltia through to first flight and turn his well over 700 million shares into a $140 million dollar windfall (at 20 cents a share....imagine the possibilities if it went to 50 cents a share!).
As I said to him on the phone, "I wish I had the financial backing to do what you are doing."
LOL.........and his intent is to accomplish this before the end of 2014...................and from my conversations with him, I certainly think he has the backing and the balls to get it done (he is 41 years young)..............
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