Abe Lincoln is not out of the realm of possibility
Post# of 41413
Posted On: 05/04/2015 1:50:21 AM
Abe Lincoln is not out of the realm of possibility by the year 2021 IMO. Maybe that sounds absurd to a lot of people... but here is my thought.
Let's assume Baltia passes EVAC, proving flights and becomes a certified airline in 2015.
Just before certification, Baltia announces a 10-1 RS and lowers the OS to 800MM in line with the big airlines. The pps is adjusted from .023 to .23 with a conservative market cap of 184MM for a newly launched airline. Totally realistic numbers IMO.
We fly passengers and cargo to and from JFK/LED during year 1 and add additional round trips each quarter.
During years 2, 3 and 4, we remain profitable, acquire additional aircraft and fly to added destinations in Europe. The share price begins a steady rise to $1+ dollar and Baltia is soon listed on the NYSE.
By the time we complete our 5th year of flying profitably to multiple destinations, we will have attracted institutional investors along with thousands of new investors driving the share price north to $5+ dollars (market cap 4BB).
I must say, I've always been against the RS but in this situation I think it makes sense to consider it. I'm always a proponent of buyback in lieu of RS... BUT I'd rather them reinvest in new/additional aircraft and growing the business the first 5 years instead of buying back shares.
I'm sure most people hate the idea of an RS. I'm typically one of them; however, if it's timed perfectly, I think it can work and would assist us in getting to Abe Lincoln.
RS or no RS, if we're flying for 5 years to multiple destinations, a 4BB market cap could be a conservative estimate.
But for now... let's just get passed this EVAC.
Let's assume Baltia passes EVAC, proving flights and becomes a certified airline in 2015.
Just before certification, Baltia announces a 10-1 RS and lowers the OS to 800MM in line with the big airlines. The pps is adjusted from .023 to .23 with a conservative market cap of 184MM for a newly launched airline. Totally realistic numbers IMO.
We fly passengers and cargo to and from JFK/LED during year 1 and add additional round trips each quarter.
During years 2, 3 and 4, we remain profitable, acquire additional aircraft and fly to added destinations in Europe. The share price begins a steady rise to $1+ dollar and Baltia is soon listed on the NYSE.
By the time we complete our 5th year of flying profitably to multiple destinations, we will have attracted institutional investors along with thousands of new investors driving the share price north to $5+ dollars (market cap 4BB).
I must say, I've always been against the RS but in this situation I think it makes sense to consider it. I'm always a proponent of buyback in lieu of RS... BUT I'd rather them reinvest in new/additional aircraft and growing the business the first 5 years instead of buying back shares.
I'm sure most people hate the idea of an RS. I'm typically one of them; however, if it's timed perfectly, I think it can work and would assist us in getting to Abe Lincoln.
RS or no RS, if we're flying for 5 years to multiple destinations, a 4BB market cap could be a conservative estimate.
But for now... let's just get passed this EVAC.
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