After reading the recent posts its clear that many

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Old & Wise
After reading the recent posts its clear that many investors are losing their patients waiting for a blast of good news from the company. This is especially true of those who have personally extended themselves to try and help the company's goal. Very often no news is actually good news. Those of us that carefully follow every move the company makes and call HQ often and analyse the facts are among the optimistic. The company seems to have chosen to take a completely different path to certification. Rather than go to war with the FAA they seem to have chosen to abide by their request to use a newer airplane even though they will have to raise significant funds, re-do some of the work already considered done such as preparing new manuals, training new crews and possibly undergo a new desktop examination as well as emergency escape testing. All this will take time and money but once funds are secured certification is within our grasp. Baltia's management is working hard toward those goals and even investing their own personal funds to help with everyday expenses. Most are taking their salary in stock and some are taking no compensation at all to help the company reach its goal and have their own investments bear fruit. Management has the most to lose or gain in Baltia's voyage.

Although success is not guaranteed there is a very good chance the company will succeed. During this process I am sure that all news, good and bad, must be kept under hat until decisive facts are cast in concrete. All of us here that have significant investments in Baltia were never given a guarantee but understand that if the company succeeds, as I believe it eventually will, the rewards will be significant even with the dilution we have all suffered. Smart investors have averaged down as much as possible while the stock prices are at record lows.

Worry or distasteful comments will not change anything so while we wait for long awaited information from the company lets keep our conversations on a positive and friendly note and pray that the dice falls in Baltia's favor.

GO BALTIA!

OLD & WISE




1

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