Correct, and SIRI has 2.89B shares in the float (t
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SIRI has $370M PROFIT every year, and $3.8B revenue.
Then look at Delta, which has a fleet of over 740 planes, and nets over $10B profit (yes, ten BILLION dollars net income in 2013).
So the size of the O/S - and this is obviously the point you're making - is ONLY relevant when put into context. If Baltia can manage to make a net profit of $100M+ someday, then perhaps the shares could be worth 50-60 cents (market cap of $2-2.5B, 20-25x profit). But we're a loooonnnngggggg way away from that kind of income.
I spoke to a pilot recently who told me from his experience with new publicly traded airlines (and there have been very few over the past 30 years), the period of fastest growth for the stock is certification, not anytime into flights. The stock will definitely keep growing over the years, but the acceleration of the price increase will be greatest when they put out that seemingly invaluable PR saying "we're certified." So, could it hit .50-.60 without any flights commencing? Sure. Will it? I have no fuckin idea.
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