Good Morning.
So I've been thinking about this, and thought I would like to share my thoughts. Before I do, I will say this...this upcoming ASM will be the source of the information that the investors will rely on.
The way how I see it is that there seem to be two sides of the story. I've been able to collect enough tibits that came through the grapevine. I feel that they conflict in some ways, but it comes down to two sides.
We know that there has been a long delay between FAA and Baltia since July 28th, and we know that the local FAA recommend a pass by Baltia asking a consideration of the situation. Paperwork were submitted to the FAA HQ 2 weeks after the mini test. We know that in October, a revised AC 43-208 was issued addressing the Emergency Slides, and how FAA takes the responsibility off their hands and places them in the hands of the airline companies. Right at that point is where I see that two side of the story began to form.
We saw that Baltia N706BL flew to OSC for a schedule maintenance. As of today, it is still there. There is a reason behind that. I'll let ASM bring that up.
Story A:
Baltia is conserving cash flow by making some temporary changes because of the delay that the FAA has imposed on the company. The action impacts staff, building and the aircraft. Once the decision comes from the FAA, things will start ramping up to full force to prepare/start proving flights. We've had credible sources saying that the aircraft flew to OSC to prepare for proving flights.
Story B:
Baltia is conserving cash flow by making some temporary changes because of the delay that the FAA has imposed on the company. This is where the email from Monore and my communication from the FAA puts a monkey wrench in system. Why Monroe held on this information for nearly 3 weeks is beyond me, and I do not believe that I was speaking to a hacker. I know some are having a hard time accepting it...but like I said, rely not on me, but on the ASM for hard facts.
Either story leads to one point...the meeting on the 16th. It seems that nobody except the ones present knows what was talked about. But here's what I know from experience in aviation industry, which I believe is shared across all industries. Management is there to discuss plans. For Story A or B, I don't know. But I know they would be there to talk about how to move forward.
I still believe that Baltia still has the finances backing to see it through, but many of us investors are getting very frustrated with how things are being handled. Let's see how it's handled at the ASM and see if they can restore confidence in us.
I'm the kind of guy that wants hard cold facts...so that we can figure out a way to overcome them. I hope Balita can see that we investors are there for them if we want to see it through...they are freaking close...let's finish it up!
At the ASM, I hope good hard questions will be asked. I would like to know if they are going to train the staff before a test is taken....gambling on it's performance is hurting us...and I want to know if they realize that.
So I've been thinking about this, and thought I would like to share my thoughts. Before I do, I will say this...this upcoming ASM will be the source of the information that the investors will rely on.
The way how I see it is that there seem to be two sides of the story. I've been able to collect enough tibits that came through the grapevine. I feel that they conflict in some ways, but it comes down to two sides.
We know that there has been a long delay between FAA and Baltia since July 28th, and we know that the local FAA recommend a pass by Baltia asking a consideration of the situation. Paperwork were submitted to the FAA HQ 2 weeks after the mini test. We know that in October, a revised AC 43-208 was issued addressing the Emergency Slides, and how FAA takes the responsibility off their hands and places them in the hands of the airline companies. Right at that point is where I see that two side of the story began to form.
We saw that Baltia N706BL flew to OSC for a schedule maintenance. As of today, it is still there. There is a reason behind that. I'll let ASM bring that up.
Story A:
Baltia is conserving cash flow by making some temporary changes because of the delay that the FAA has imposed on the company. The action impacts staff, building and the aircraft. Once the decision comes from the FAA, things will start ramping up to full force to prepare/start proving flights. We've had credible sources saying that the aircraft flew to OSC to prepare for proving flights.
Story B:
Baltia is conserving cash flow by making some temporary changes because of the delay that the FAA has imposed on the company. This is where the email from Monore and my communication from the FAA puts a monkey wrench in system. Why Monroe held on this information for nearly 3 weeks is beyond me, and I do not believe that I was speaking to a hacker. I know some are having a hard time accepting it...but like I said, rely not on me, but on the ASM for hard facts.
Either story leads to one point...the meeting on the 16th. It seems that nobody except the ones present knows what was talked about. But here's what I know from experience in aviation industry, which I believe is shared across all industries. Management is there to discuss plans. For Story A or B, I don't know. But I know they would be there to talk about how to move forward.
I still believe that Baltia still has the finances backing to see it through, but many of us investors are getting very frustrated with how things are being handled. Let's see how it's handled at the ASM and see if they can restore confidence in us.
I'm the kind of guy that wants hard cold facts...so that we can figure out a way to overcome them. I hope Balita can see that we investors are there for them if we want to see it through...they are freaking close...let's finish it up!
At the ASM, I hope good hard questions will be asked. I would like to know if they are going to train the staff before a test is taken....gambling on it's performance is hurting us...and I want to know if they realize that.
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Let's make BLTA great again!!!
