I think there's just a lot of dissent in the ranks

I think there's just a lot of dissent in the ranks right now as many people expected this PPS to be higher at this point. It's nothing new, and it won't last forever. It's easy to get discouraged - hell, I remember within the last year when we went nearly two weeks without a single post on this board.

The good thing is that Baltia is still working to move along in the process. We know that Phase II has all but come to an end, minus the memorandum on FAA letterhead (since when has the government ever moved quickly?). The Phase II actives are scheduled and will be completed. The market won't respond to those activities until they happen - if anyone was looking for a quick buck, the opportunity to sell in the mid-3s already came and went. We all know that the big "pop" will come with good certification news, was anyone really planning on selling before that? Taking profits is one thing, but we haven't even had a taste of what the certification-share-price-run will be.

More good news: Baltia is so thinly traded right now that once the good news starts flowing again it will take off like a bat out of hell. The huge B/A spread this afternoon on low volume was a big clue to how narrow this market is right now. There's no use in getting all worked up when we're still up 100% from June and the real news hasn't even happened yet.

On another note, when people here (myself included) make predictions on time lines and prices, they are only predictions. A prediction is nothing more than one man's opinion and it usually is worth what you paid for it.

Remember that there are a lot of people with experience in the industry who have a vested interest in seeing this through. That's how Baltia ended up in Michigan in the first place.