Ok - I looked back.... I stand behind what I put out there - and I see no emotion in it at all... Oh - Maybe the head turning "What?"....
I think my response was crystal clear in the actual mechanics of getting funding...and how ME MYSELF AND I view it. I think it wildly exceed expectations that because the audits get complete that Funding is right behind it. at least near the amount Tony wants to start with... That is a lot of money for a company in such a crazy Financial state (no income, expanding expenses, potential lawsuits and no legal certification to perform their own business) That is the current state of the company... there is no one who can deny that, The audits will only go to support that claim.
Sure they will get them done - then what? Let me give you what I expect and lets hope I am completely lowballing this... The audits get complete say MONDAY. It will take a couple of days for the stop sign to be removed. It will take a little longer than that for Fido to release the hounds... In that time - Idiots like me will scrub those documents, I do not expect to like every thing i see, but since I am trained to read them, I just think I will see it differently.. But others will see them too.. All the Tuesday morning quarterbacking is done on all the boards...... By the way - given the time of the quarter, I can see the scenario where emphasis is placed on auditing companies already current, by the external auditors (Ben - Topic)
They will not do the name change until they are current. that will take a couple of weeks... so now we are into September closing in on the exciting date of closure... And how many deals blow up at the last second? so all the while Tony has to flip those statements to potential investors and sell the dream, but he probably has to do it on at least 2 levels - 6 mill for SB close and another X amount to start operations. We as investors - or rather ME - is praying that all this leg work has been completed and its rubber stamp time, and we are flying a few weeks after, but we all know that is not the way it goes... (This is not skeptical or dark, I see it as rational and reasonable)
So even if we close the date in the expected week, and they have secured funding for that close, they still have to get operations up and running -that pilots, stewards, baggage, maint, front office people, all who need to get paid - This is not an overnight process - they have to be trained, orientated, and fitted with actual unis lol... they have to roll out the killer marketing plan...they have to get all their services in line all this to get one plane rolling... it may be more challenging for the next couple planes... (funding, Pilot shortage) Ben - Topic)
So many pieces to the puzzle than to just say if we get funding, we are off to the races... (By the way - I am not insinuating that is your position - its a general comment) lets not kid ourselves about this - All Baltia shareholders.... THAT is the point that I am making and I believe Ben is too.. and every day that passes, moves my example Monday date further back.
That now impacts prices, value, and Investor sentiment. I hope to GOD that the hedge fund dude has 50 mill lined up, it will still take a little time to get utilized. But at least we will have a valuation much truer than it is now. Here we are paying 6 mill for a company when the value of this company wouldn't buy us Lunch 0(Ben - Topic)
Look - What is obvious is that I am starting to see the scenario where
they fly later than sooner, I am patient and positive. I am consistant in my comments today... I love the company, I am confident they will get it done, I am confident they would lose a race against a snail. I do question to adjust my own expectations. I do question their current silence on all matters. I simply look forward to a day with a little more transparency and a small dose of reality about this - for yours and my sake!!! (Ben - Topic)
Oh - good night!!! Look forward to flying with you to a sun bathed beach (umm that does not mean the other way it reads)
I think my response was crystal clear in the actual mechanics of getting funding...and how ME MYSELF AND I view it. I think it wildly exceed expectations that because the audits get complete that Funding is right behind it. at least near the amount Tony wants to start with... That is a lot of money for a company in such a crazy Financial state (no income, expanding expenses, potential lawsuits and no legal certification to perform their own business) That is the current state of the company... there is no one who can deny that, The audits will only go to support that claim.
Sure they will get them done - then what? Let me give you what I expect and lets hope I am completely lowballing this... The audits get complete say MONDAY. It will take a couple of days for the stop sign to be removed. It will take a little longer than that for Fido to release the hounds... In that time - Idiots like me will scrub those documents, I do not expect to like every thing i see, but since I am trained to read them, I just think I will see it differently.. But others will see them too.. All the Tuesday morning quarterbacking is done on all the boards...... By the way - given the time of the quarter, I can see the scenario where emphasis is placed on auditing companies already current, by the external auditors (Ben - Topic)
They will not do the name change until they are current. that will take a couple of weeks... so now we are into September closing in on the exciting date of closure... And how many deals blow up at the last second? so all the while Tony has to flip those statements to potential investors and sell the dream, but he probably has to do it on at least 2 levels - 6 mill for SB close and another X amount to start operations. We as investors - or rather ME - is praying that all this leg work has been completed and its rubber stamp time, and we are flying a few weeks after, but we all know that is not the way it goes... (This is not skeptical or dark, I see it as rational and reasonable)
So even if we close the date in the expected week, and they have secured funding for that close, they still have to get operations up and running -that pilots, stewards, baggage, maint, front office people, all who need to get paid - This is not an overnight process - they have to be trained, orientated, and fitted with actual unis lol... they have to roll out the killer marketing plan...they have to get all their services in line all this to get one plane rolling... it may be more challenging for the next couple planes... (funding, Pilot shortage) Ben - Topic)
So many pieces to the puzzle than to just say if we get funding, we are off to the races... (By the way - I am not insinuating that is your position - its a general comment) lets not kid ourselves about this - All Baltia shareholders.... THAT is the point that I am making and I believe Ben is too.. and every day that passes, moves my example Monday date further back.
That now impacts prices, value, and Investor sentiment. I hope to GOD that the hedge fund dude has 50 mill lined up, it will still take a little time to get utilized. But at least we will have a valuation much truer than it is now. Here we are paying 6 mill for a company when the value of this company wouldn't buy us Lunch 0(Ben - Topic)
Look - What is obvious is that I am starting to see the scenario where
they fly later than sooner, I am patient and positive. I am consistant in my comments today... I love the company, I am confident they will get it done, I am confident they would lose a race against a snail. I do question to adjust my own expectations. I do question their current silence on all matters. I simply look forward to a day with a little more transparency and a small dose of reality about this - for yours and my sake!!! (Ben - Topic)
Oh - good night!!! Look forward to flying with you to a sun bathed beach (umm that does not mean the other way it reads)
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