The last 75,000 shares traded today were at .0269
Post# of 41414
Posted On: 07/07/2014 5:00:52 PM
Re: MikeSLTJ23 #5180
The last 75,000 shares traded today were at .0269 (about $2,020). Not what I would consider a paint job (paint jobs usually go off for about $20 or less).
As for paying bills, yes, highly commendable....but not the way this guy worked things.
This guy originally claimed he had the backing of millions of $ to see Baltia through to certification, and as a result of his word, a meeting of the largest investors in February of this year was cancelled.
In reality, this "businessman" bought PP at .005 and sold his unrestricted shares at .01 - doubling his money at the expense of ALL of Baltia's shareholders. When enough stock was sold and he had enough clear funds, he continued the deceit and cycled it again.....all the while forcing Baltia to sell PP to him at 1/2 a penny because he was flooding the market with more shares than the very low demand could handle (thereby keeping the pps low and further forcing it downward).
I heard first hand from him how he didn't care if Baltia went sub-penny and got de-listed, because then he would "buy the entire company in bankruptcy."
Fortunately, HQ caught on to his dubious nature and how he was undermining the company, and now refuses to sell him PP any longer.
Further, I truly believe that when he dumps like this he only does it once in a while. In other words - I don't anticipate he will continue dumping any more this week and BLTA should be able to overcome this and re-start its northerly climb.
On the flip-side, he still undoubtedly has some unrestricted shares available to him (I don't think he has run out of them yet - as today's volume confirms) and even worse, the resticted shares (which he began purchasing in late February) will begin to come off restriction as early as the end of this month.
Personally, I am hoping that DEMAND increases exponentially as we approach the airshow, and that any "mass dumping" as he did today will actually just be a "drop in the bucket."
Don't think that just because you see a bunch of "little" sales that there isn't some big fish dumping. His million share dumps will get broken up into many smaller purchases - depending upon how much each individual investor can afford to buy at the time.
Keep this in mind: nothing has changed from last Thursday - at least with the company's progress in the certification process itself . As for the damage to investor confidence - which is the major force behind the pps - that I can't gauge at this time.
look - nothing is guaranteed, and you should never invest more than you can afford to lose, but for anyone who bought today I say to you, "congratulations!"
Baltia will get certified and your purchase today will be worth quite a bit more in the very near future.
As for paying bills, yes, highly commendable....but not the way this guy worked things.
This guy originally claimed he had the backing of millions of $ to see Baltia through to certification, and as a result of his word, a meeting of the largest investors in February of this year was cancelled.
In reality, this "businessman" bought PP at .005 and sold his unrestricted shares at .01 - doubling his money at the expense of ALL of Baltia's shareholders. When enough stock was sold and he had enough clear funds, he continued the deceit and cycled it again.....all the while forcing Baltia to sell PP to him at 1/2 a penny because he was flooding the market with more shares than the very low demand could handle (thereby keeping the pps low and further forcing it downward).
I heard first hand from him how he didn't care if Baltia went sub-penny and got de-listed, because then he would "buy the entire company in bankruptcy."
Fortunately, HQ caught on to his dubious nature and how he was undermining the company, and now refuses to sell him PP any longer.
Further, I truly believe that when he dumps like this he only does it once in a while. In other words - I don't anticipate he will continue dumping any more this week and BLTA should be able to overcome this and re-start its northerly climb.
On the flip-side, he still undoubtedly has some unrestricted shares available to him (I don't think he has run out of them yet - as today's volume confirms) and even worse, the resticted shares (which he began purchasing in late February) will begin to come off restriction as early as the end of this month.
Personally, I am hoping that DEMAND increases exponentially as we approach the airshow, and that any "mass dumping" as he did today will actually just be a "drop in the bucket."
Don't think that just because you see a bunch of "little" sales that there isn't some big fish dumping. His million share dumps will get broken up into many smaller purchases - depending upon how much each individual investor can afford to buy at the time.
Keep this in mind: nothing has changed from last Thursday - at least with the company's progress in the certification process itself . As for the damage to investor confidence - which is the major force behind the pps - that I can't gauge at this time.
look - nothing is guaranteed, and you should never invest more than you can afford to lose, but for anyone who bought today I say to you, "congratulations!"
Baltia will get certified and your purchase today will be worth quite a bit more in the very near future.
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