This post is dedicated to all the shareholders, former and current, who cannot comprehend simple concepts and maybe even dip my toe into the deep end here. This is not geared to the educated people of Ihang who can hopefully appreciate this back to basics.
1. Just because Tony and others were part of Baltia Airlines in the past doesn't mean they are utilizing that past model and/or are responsible for past performance. Tony was very deliberate in his approach to create USGL as a new entity, a new business model, new brand based on his experiences and those of all those part of USGL. (think about how many Big Bank CEOs are still in place and were part of and or associated with poor decisions made on their watch or while they were part of that organization, still acting in that capacity an cut out the cancers of their organizations. ) So to close, enough about the past NOL, figures you want to spit out, etc. I don’t see that happening in the market place today for anyone who has been in those shoes.
2. Stewart International/SHM - I shouldn't have to say the obvious but there were politicians there, yes actual politicians. Oh and also the President of Stewart International. These people would not put their name out there is they didn’t do their own due diligence. It is a simple fact, people in these fields don’t lose credibility, votes and trust as a “bet”. Homework was done to calculate the success rate of this taking off, plain and simple. Read the media reports around Stewart and what they are starting to accomplish and what they plan on accomplishing in the future. One word from a cost perspective that Tony understands: RENT ….do the math on the JFK squeeze from a real estate perspective, overhead perspective and the customer experience vs Stewart.
3. Business Transactions are going to be the deep end of most of you knuckleheads. I would find it very hard to believe anyone could comprehend how many phones calls, emails and meetings it takes to make the smallest things happen anywhere. Decisions are not made in a vacuum at USGL. Tony is very cognizant that the simplest decision, or lack thereof, goes under hundreds of different lenses/microscopes. Everyone’s opinion of his decisions will vary from the drunken lawyers, to sophisticated investors, to airline experts to his own people. End of the day the work that is occurring right now is not tangible or easy to explain. There is an audit, a lease, staff meetings, strategic meetings, investor conversations, Stewart conversations, general counsel related items, documents piling over everyone’s head to complete, review, etc. I shouldn’t have to spell it all out but these people are pouring their heart and soul into 18 hour workdays. (note: this should cover the audit, acquisition and anything else related to getting that big PR/8K)
4. Name Changes/Reverse Splits etc. – when they happen, they happen. Nothing more, nothing less. The vote on a split and name change is to determine the shareholders consensus on potential action to be taken. Just because a vote took place and it was approved doesn’t mean it needs to be executed. If that were the case this big great government would have passed every bill every produced in a timely manner.
5. Last time I checked all of the senior leaders in USGL have a vested interest in their firm with stock, which they cannot touch until certain things happen. Do the math folks 1+1=2….if you do one thing it leads to another which equals access to your shares. How is this concept so hard for people to understand?
USGL is only carrying the Baltia past issues they are legally required to do, which is the ethical thing to do. They are cleansing the past and doing right to the shareholders which is more respectful than sweeping it under the rug.
For those of you uneducated enough to know what you are doing with bashing, slandering, etc. Best of luck to those who keeps saying “contact this regulatory authority or that one”. You set off your own red flags for your fate with those regulatory authorities and many more.
1. Just because Tony and others were part of Baltia Airlines in the past doesn't mean they are utilizing that past model and/or are responsible for past performance. Tony was very deliberate in his approach to create USGL as a new entity, a new business model, new brand based on his experiences and those of all those part of USGL. (think about how many Big Bank CEOs are still in place and were part of and or associated with poor decisions made on their watch or while they were part of that organization, still acting in that capacity an cut out the cancers of their organizations. ) So to close, enough about the past NOL, figures you want to spit out, etc. I don’t see that happening in the market place today for anyone who has been in those shoes.
2. Stewart International/SHM - I shouldn't have to say the obvious but there were politicians there, yes actual politicians. Oh and also the President of Stewart International. These people would not put their name out there is they didn’t do their own due diligence. It is a simple fact, people in these fields don’t lose credibility, votes and trust as a “bet”. Homework was done to calculate the success rate of this taking off, plain and simple. Read the media reports around Stewart and what they are starting to accomplish and what they plan on accomplishing in the future. One word from a cost perspective that Tony understands: RENT ….do the math on the JFK squeeze from a real estate perspective, overhead perspective and the customer experience vs Stewart.
3. Business Transactions are going to be the deep end of most of you knuckleheads. I would find it very hard to believe anyone could comprehend how many phones calls, emails and meetings it takes to make the smallest things happen anywhere. Decisions are not made in a vacuum at USGL. Tony is very cognizant that the simplest decision, or lack thereof, goes under hundreds of different lenses/microscopes. Everyone’s opinion of his decisions will vary from the drunken lawyers, to sophisticated investors, to airline experts to his own people. End of the day the work that is occurring right now is not tangible or easy to explain. There is an audit, a lease, staff meetings, strategic meetings, investor conversations, Stewart conversations, general counsel related items, documents piling over everyone’s head to complete, review, etc. I shouldn’t have to spell it all out but these people are pouring their heart and soul into 18 hour workdays. (note: this should cover the audit, acquisition and anything else related to getting that big PR/8K)
4. Name Changes/Reverse Splits etc. – when they happen, they happen. Nothing more, nothing less. The vote on a split and name change is to determine the shareholders consensus on potential action to be taken. Just because a vote took place and it was approved doesn’t mean it needs to be executed. If that were the case this big great government would have passed every bill every produced in a timely manner.
5. Last time I checked all of the senior leaders in USGL have a vested interest in their firm with stock, which they cannot touch until certain things happen. Do the math folks 1+1=2….if you do one thing it leads to another which equals access to your shares. How is this concept so hard for people to understand?
USGL is only carrying the Baltia past issues they are legally required to do, which is the ethical thing to do. They are cleansing the past and doing right to the shareholders which is more respectful than sweeping it under the rug.
For those of you uneducated enough to know what you are doing with bashing, slandering, etc. Best of luck to those who keeps saying “contact this regulatory authority or that one”. You set off your own red flags for your fate with those regulatory authorities and many more.
21
2
