RE:RE:Only a $40+ million dollar valuation for an airline.....Zapper wrote: My understanding is that we are still waiting for the elusive regulatory approval before all the other plans can be realized. Having all the other ducks lined up is encouraging, but without regulatory approval, it's all a house of cards. My Q is when can we expect that step to happen? It's not clear to me whether it's on some kind of schedule or completely arbitrary and at the whim of some bureacracy. My hope is that it's imminent and once approved, we will see this reach levels from this time last year.
Financing is needed before regulatory approval. This is what we are all waiting for. If another $40m isn't secured in the next two months I'd say that's it. This is the gamble. This is also why stock price is low. Financing will come with stock dilution and at a much lower price than current SP. Dyodd. GLTA.