So I guess I need to put in my 2 cents here, as I
Post# of 41414
(Total Views: 744)
Posted On: 06/06/2017 1:42:40 PM
So I guess I need to put in my 2 cents here, as I believe I am the one to suggest a $500 million market cap at commencement of revenue flights.
To my defense, this is a number that I heard many times from many experienced people, and when Baltia had a market cap of about $100 to $120 million as it completed Phase I, the concept didn't seem too unreasonable.
There is a hell of a lot more involved in a cert 121 than just a piece of paper......you have to add into it all of the manuals, the staff in place, the business plan, the route authority, etc., etc.
It is probably easier to comprehend a $500 million market cap at the commencement of revenue flights than it is to explain an almost $60 million market cap now, because the only real hard "asset" that Baltia has at this time is a Loss Carry Forward from years of struggle.
I don't know. The cert might only cost a few to 10s of millions, but I guess it is the actual structure of the company and the business plan that lends to it the extra value.
LOL.......guess we are just going to have to wait and see.............
To my defense, this is a number that I heard many times from many experienced people, and when Baltia had a market cap of about $100 to $120 million as it completed Phase I, the concept didn't seem too unreasonable.
There is a hell of a lot more involved in a cert 121 than just a piece of paper......you have to add into it all of the manuals, the staff in place, the business plan, the route authority, etc., etc.
It is probably easier to comprehend a $500 million market cap at the commencement of revenue flights than it is to explain an almost $60 million market cap now, because the only real hard "asset" that Baltia has at this time is a Loss Carry Forward from years of struggle.
I don't know. The cert might only cost a few to 10s of millions, but I guess it is the actual structure of the company and the business plan that lends to it the extra value.
LOL.......guess we are just going to have to wait and see.............
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