Bashers work by getting a little known piece of information.....a truth that very few are aware of.....and then taking that truth and extrapolating out some "horror" story.
When the truth finally does hit the boards, the weak at heart now say to themselves "he was right", and their minds convince them that the rest of the story is true as well.
The rest of the story certainly is NOT true, but the bashers goal is to create panic and selling, and get the weak at heart to drop.
Those who just bought in recently are definitely "weak at heart". They only know very little about Baltia. They are nervous every day, and at the first sign of negative news, they will drop like flies.
I expect that next week we are going to see all these newbies......the ones who were watching and waiting for positive news to come along....to do a massive sell-off.
There is nothing to fear. Stay the course. Baltia will succeed and will get certified - it just doesn't happen as quickly as everyone wants it to.
The $ is there. The CEO knows this. If he needs it, he knows he can call on me.
All that being said.........you can expect a bit more of a delay, but just by a week or two. It is just part of the process, and everyone has to dot their i's and cross their t's.
A mechanical malfunction during a mini-evac means a lot more to the FAA and to Kalitta than it does to Baltia - but Baltia is at the FAA's mercy.
Remember that Kalitta is authorized by the FAA to do maintenance on planes. Since Kalitta just finished all the C-checks (1 through 4) on N706BL, and the FAA has approved them as an authorized and sanctioned repair facility, then if something goes wrong, Kalitta has to answer to the FAA.
What appears as a small mishap - a canister not releasing and a slide therefore not deploying properly - results in a HUGE problem for the FAA. That plane was supposed to be perfect. What if that problem had occurred in a true emergency situation, when passengers were on board? What if the failure of the slide to deploy resulted in the loss of life? And most importantly.....what if the problem that they stumbled upon during the mini-evac actually is a defect apparent on other planes as well?
An investigation of this incident has to occur, and the findings must be put into a report - and if deemed necessary, the FAA may require that these canisters have to be inspected and replaced on other planes throughout the world.
At any rate, the FAA, Kalitta, and Baltia all conducted their investigations this week. Their findings will be put in a report, but that is not going to slow the certification process down one bit.
What will slow down the process....by a week or two....is the fact that now Kalitta has to the repairs.....and since their license is on the line, they are going to be 10,000% certain that this problem will NEVER happen again. Yes....they will repair or evaluate everything involved....slides, canisters, release levers, etc.......because they know that their FAA issued authority is on the line.
The good things.....the repairs are being done at little to no cost to Baltia (since any mechanical failures after N706BL passed all those C checks is really a Kalitta problem) and you can rest assured that in the next mini-evac, everything is going to work perfectly.
You also know that....even though there will be a slight delay....ultimately Baltia will get its certificate and it will begin revenue flights to St. Petersburg (and beyond).
The bad thing.....the repairs are going to take time. Parts have to be ordered, shipped in, and replaced. Chances are that proving flights will probably be delayed till just before Christmas, and most likely will extend into the beginning of January - although the actual delay due to this mishap is as of right now uncertain.
Keep your chins up. Remember - Baltia WILL become America's Newest Airline. It is her destiny - and there are a bunch of big investors standing behind her......making sure she has the financial support that she needs every step of the way.
In all truth....at this stage in the game....this is truly a MINOR setback.
Many of us have been here 5+ years or so.....what is another 2 to 3 weeks?
Rest assured, it is going to happen.
But further rest assured, the sharks smell blood in the water - and they are going to have a frenzy next week.
Notice that on the other board, many of the bashers who have disappeared for about a month or so, suddenly came back yesterday.
Their boss....those who run the Hub....put the alert out and told them to get back in motion. This could very well be their last time to shake out cheap shares of BLTA - and with all the weak minded newbies who recently jumped on board, a little bit of bad news could probably result in a landslide of shares being sold.
So....don't be surprised if the pps drops next week and there are millions of cheapies floating around......and rest assured......once the 2 to 3 weeks have past.....BLTA will once again be on her way up.
It is her destiny, and the whales aren't going to let her sink in her 11th and finest hour.
When the truth finally does hit the boards, the weak at heart now say to themselves "he was right", and their minds convince them that the rest of the story is true as well.
The rest of the story certainly is NOT true, but the bashers goal is to create panic and selling, and get the weak at heart to drop.
Those who just bought in recently are definitely "weak at heart". They only know very little about Baltia. They are nervous every day, and at the first sign of negative news, they will drop like flies.
I expect that next week we are going to see all these newbies......the ones who were watching and waiting for positive news to come along....to do a massive sell-off.
There is nothing to fear. Stay the course. Baltia will succeed and will get certified - it just doesn't happen as quickly as everyone wants it to.
The $ is there. The CEO knows this. If he needs it, he knows he can call on me.
All that being said.........you can expect a bit more of a delay, but just by a week or two. It is just part of the process, and everyone has to dot their i's and cross their t's.
A mechanical malfunction during a mini-evac means a lot more to the FAA and to Kalitta than it does to Baltia - but Baltia is at the FAA's mercy.
Remember that Kalitta is authorized by the FAA to do maintenance on planes. Since Kalitta just finished all the C-checks (1 through 4) on N706BL, and the FAA has approved them as an authorized and sanctioned repair facility, then if something goes wrong, Kalitta has to answer to the FAA.
What appears as a small mishap - a canister not releasing and a slide therefore not deploying properly - results in a HUGE problem for the FAA. That plane was supposed to be perfect. What if that problem had occurred in a true emergency situation, when passengers were on board? What if the failure of the slide to deploy resulted in the loss of life? And most importantly.....what if the problem that they stumbled upon during the mini-evac actually is a defect apparent on other planes as well?
An investigation of this incident has to occur, and the findings must be put into a report - and if deemed necessary, the FAA may require that these canisters have to be inspected and replaced on other planes throughout the world.
At any rate, the FAA, Kalitta, and Baltia all conducted their investigations this week. Their findings will be put in a report, but that is not going to slow the certification process down one bit.
What will slow down the process....by a week or two....is the fact that now Kalitta has to the repairs.....and since their license is on the line, they are going to be 10,000% certain that this problem will NEVER happen again. Yes....they will repair or evaluate everything involved....slides, canisters, release levers, etc.......because they know that their FAA issued authority is on the line.
The good things.....the repairs are being done at little to no cost to Baltia (since any mechanical failures after N706BL passed all those C checks is really a Kalitta problem) and you can rest assured that in the next mini-evac, everything is going to work perfectly.
You also know that....even though there will be a slight delay....ultimately Baltia will get its certificate and it will begin revenue flights to St. Petersburg (and beyond).
The bad thing.....the repairs are going to take time. Parts have to be ordered, shipped in, and replaced. Chances are that proving flights will probably be delayed till just before Christmas, and most likely will extend into the beginning of January - although the actual delay due to this mishap is as of right now uncertain.
Keep your chins up. Remember - Baltia WILL become America's Newest Airline. It is her destiny - and there are a bunch of big investors standing behind her......making sure she has the financial support that she needs every step of the way.
In all truth....at this stage in the game....this is truly a MINOR setback.
Many of us have been here 5+ years or so.....what is another 2 to 3 weeks?
Rest assured, it is going to happen.
But further rest assured, the sharks smell blood in the water - and they are going to have a frenzy next week.
Notice that on the other board, many of the bashers who have disappeared for about a month or so, suddenly came back yesterday.
Their boss....those who run the Hub....put the alert out and told them to get back in motion. This could very well be their last time to shake out cheap shares of BLTA - and with all the weak minded newbies who recently jumped on board, a little bit of bad news could probably result in a landslide of shares being sold.
So....don't be surprised if the pps drops next week and there are millions of cheapies floating around......and rest assured......once the 2 to 3 weeks have past.....BLTA will once again be on her way up.
It is her destiny, and the whales aren't going to let her sink in her 11th and finest hour.
