I beleive that the level BLTA trades at is extreme
Post# of 41413
There is no difference in the company or its book value today - when we are at .024 - then there was a week ago, when we were trading almost a penny higher (like +30% more at around .032).
Just as dumping shares at the bid drove the price down on Monday, the same could be done by throwing money at the Ask, but ultimately, the pps is just going to settle back at about where "investor's confidence" is at the time.
In other words, if the announcement that the plane is now flight ready or that training is complete and the staff is roaring to go can be considered to raise "investor confidence", then you can certainly expect that the pps will rise accordingly.
At this time, you just can't value this stock based on revenues - since - quite frankly - there just aren't any.
You have to figure that with ZERO investor's confidence - pretty much what we saw about a month and a half ago - BLTA will trade at just about a penny or slightly less (closer to the actual "book value" of the company based upon its net assets).
Now.....with investor confidence running extremely high (like what I expect in the first half of August), well, who knows where the pps can go..........
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