Damn! This post was supposed to go on the hangout
Post# of 41414
Posted On: 06/20/2014 11:20:05 AM
Damn! This post was supposed to go on the hangout, not the hub:
Don't read too much into the additional authorized shares.
It was necessary to have them on hand when and if Baltia needs money - especially to pay for fuel - during Phase III.
Fuel costs about $13,500 per hour, and proving flights could run anywhere between 50 to 100 hours ($650,000 to 1.3 million dollars!). Since cargo revenues are uncertain and unpredictable, HQ is just covering their butts in the worst case scenario.
The good part is that the big investors agreed to buy those shares (as we saw Luis Bolanos do recently) at about the going market value. That is, these shares that are restricted for 6 months will be purchased at just about what the market pps is trading for at that time.
Again, the big investors realize they will make plenty of $ on the shares they already hold.
And as for R/S.....and how nice an 8:1 fits the current scenario - absolutely just pure coincidence.
Baltia is going to let the market adjust the price per share as the company grows and expands.
Don't count to strongly on a R/S for at least 2 years, maybe even somewhere between 3 to 5.
(It is a subject I have discussed with HQ many, many, many times in the past).
I just blew my 1 post on the Hub for the day............................
Don't read too much into the additional authorized shares.
It was necessary to have them on hand when and if Baltia needs money - especially to pay for fuel - during Phase III.
Fuel costs about $13,500 per hour, and proving flights could run anywhere between 50 to 100 hours ($650,000 to 1.3 million dollars!). Since cargo revenues are uncertain and unpredictable, HQ is just covering their butts in the worst case scenario.
The good part is that the big investors agreed to buy those shares (as we saw Luis Bolanos do recently) at about the going market value. That is, these shares that are restricted for 6 months will be purchased at just about what the market pps is trading for at that time.
Again, the big investors realize they will make plenty of $ on the shares they already hold.
And as for R/S.....and how nice an 8:1 fits the current scenario - absolutely just pure coincidence.
Baltia is going to let the market adjust the price per share as the company grows and expands.
Don't count to strongly on a R/S for at least 2 years, maybe even somewhere between 3 to 5.
(It is a subject I have discussed with HQ many, many, many times in the past).
I just blew my 1 post on the Hub for the day............................
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