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  4. Baltia Air Lines Inc (BLTA) Message Board

More updates, regarding the price action - This do

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Post# of 41414
Posted On: 07/23/2014 9:14:13 PM
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Posted By: Benster19
More updates, regarding the price action - This downward movement in the price should end this week, and here's why...there was a private placement seller who was (and still is) in a lot of financial burden. This isn't the guy LT references, this is another individual. This person doesn't have quite as big a position as the other seller, so by EOW the selling should be done. The reason we dropped from .038 to .018 is in large part because of this person, and their lack of knowledge for how stock prices move in low volume situations, so once the person panicked, the price began falling and she/he began selling quicker and quicker...but again, this should be done by EOW because this person's position is relatively small, I'd say no greater than 50M shares....it took a lot of hard work by a lot of clever people to figure this info out, and the seller had a very legitimate reason for doing what she/he did, but at least we can know there's some method to the madness of the stock price over the past couple weeks....


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