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Monroe1:
There is a civil case pending against Barry seeking 1.7 million in damages. In it the SEC alleges he unlawfully sold PP shares.
This is a fact. As I said, yes, I was present on the call during which they discussed the trail, the timeline for disclosing witnesses, they length of the trial, the location of the trial, etc.
Monroe1:
Barry's trial is open to the public. I participated as a listener in the status conference a couple months ago. I was only asked to mute the phone but was otherwise free to listen to the whole proceeding. The case has currently been stayed so Barry can "settle" the case. I believe he is ratting out his buddies and we will see criminal indictments very soon. I have good reason to think that.
America will be great again when Russ, Barry and Tony are brought to justice by the SEC and DOJ.
At least you didn't "buy" into it.
Why has our 13D filer abandoned the party. He used to talk to Tony every single day, what happened?
Next, Baltia execs will put 2 folding chairs and a card table in the trunks of their cars, selling PP shares in grocery store parking lots. We are not far from that now.
All we can hope is that the SEC shuts these jokers down soon. It really is ridiculous with an executive charged by the SEC they think it is business as usual and the issued yet another bogus PR. Good for them as a ploy to dump a lot of worthless paper but not good for the public. I hope whichever candidate gets elected to the White House makes an effort to fund the SEC more fully.
AK, using a reputable PR agency costs actual money and is not going to accept payment in shares.
MMMM, those crabs are so GOOD!
RS PR at 4:00??? Seems like a possibility to me.
I might have been a little overly optimistic with the $50 for 1 billion shares estimate. However, if you offered to pick up the tab on a dinner outing to the Crab Shack for Russ, Barry and Tony for 1 billion shares, I bet the would agree to that. However, those 1 billion shares might end up costing $300-$400 bucks between the booze and the crabs/lobster tails.
Poutanatony:
How did your Baltia conference call go?
I think the last PR was just to allow the insiders to sell out. So, I don't think anyone needs to worry about an RS, this puppy will be BK by the end of August.
Emit, think about it. CP Capital helped the company that hired them by getting their creditors to accept a promise and a percentage of what they were owed.
What does that say for Baltia investors? Is CP Capital going to recommend a 1,000 to 1 reverse split to get rid of all the current investors so they can sell the company to a new one?
Sounds that way to me.
I am guessing the CVP Investments/St. George Investments is not the kind of operation that uses the courts to collect on bad debt. Good luck Russ, Barry and Tony.
Has anyone talked with Tony today?
So, who would buy PP shares from Barry if he would sell you 1 billion shares for $50?
St. George Investments is waiting for it $655K that they are due in just over 3 weeks. Who is going to pay it?
https://www.sec.gov/Archives/edgar/data/869187/000116519516000057/2016_8K_MaterialAgreement.htm
LTO:
I don't think the crab restaurants and the high class hookers are going to refund the $118 million.
Rolphonair:
I beg to differ with you assessment. Baltia's PR allowed some people to unload a couple million shares. That is a tremendous success given the company's current situation.
Perhaps you are correct. However, we also have a responsive point of contact and one civil action has been brought.
Expensivetaste:
In Baltia's case, they have been given some high quality tips and leads.
The only thing that will stop the Baltia scam is felony indictments for all of the executives and long prison sentences following their convictions. I would have thought Barry's case would have stopped the "behind the scenes pumping" but it had no such effect. The SEC has got to be aware of this and let's all hope they take action soon.
LT needs to his word and pay off CVC. He previously indicated he would see Baltia thru the certification process.
Choover8059:
So, I think what you are saying is that Baltia is in great shape as a company as long as our 13D filer writes a very large check SOON?
Baltia can't sell PP shares when the PPS is .0004 so they have to do a reverse split. And, the 1 billion share bonus the executives recently gave itself is supposedly restricted shares but perhaps people are buying them now. Either way, nothing good is coming down the road for Baltia shareholders.
Who thinks Barry, Russ and Tony should go to prison for fraudulent obtaining investment funds (or some similar charge)?
you are correct
Rolphonair:
They only got fined 700K though so it hardly counts.
Mystermeat:
When I was on Barry's pretrial conference call, the ALJ noted several times that the law requires that he issue a final order in Barry's case within 300 days of the filing and he fully intended to see that it happened. So, the date for Barry's settlement has come and gone. I wrote to the SEC attorney handling the case and indicated that I wanted to watch the trial as a member of the public. He reminded me that the judge's stay was still in effect.
This leads me to believe that Barry is settling with the SEC and part of that settlement is providing information to the Feds about Baltia's unlawful conduct. I suspect that the current delay in the SEC's public notification about the case is they are waiting for a civil complaint and/or federal indictments. Due to the length of time that has passed, I bet they are waiting on the DOJ to get indictments from a grand jury and will issue a press release about that SOON!
No PP sales for CP Capital. FINRA hit them with a 70K fine 4/29/2016 and said the following:
Put a buy order for 20+ mill shares at 2 and it will get filled by COB.
Monroe, I don't think the SEC does Mexican standoffs. They have made Barry an offer, he either accepts or they hammer him. It is his choice. If he rats out....a lot of other people are in a world of trouble.
Personally, I hope he fights the SEC so we can all watch a civil (and likely a criminal later) trial.
Let's all encourage Barry to have his day in court.
AK:
Try calling the Willow Run phone #.
LTO:
LT has some "splaining" to do.
Russ really needs to update their SOS filings...pathetic.
https://appext20.dos.ny.gov/corp_public/CORPSEARCH.ENTITY_INFORMATION?p_nameid=1489540&p_corpid=1379419&p_entity_name=baltia&p_name_type=A&p_search_type=BEGINS&p_srch_results_page=0
speckulater:
How many steps towards certification has Baltia completed?
It has been 6 weeks since our fearless 13D filer has issued a proclamation to the rank and file of the BFFs. I have to imagine that he is still enjoying lobster and champagne in the mansion that was so proudly displayed a year ago. However, nobody is invited to the big celebration anymore, with or without new sports cars. It is odd that no one seems concerned that they may have been sold a piece of fantasy island by a master grifter....in fact, most seem very content to have lost their life savings. Well, good for them!
Baltia had very effective management. They did a fantastic job of selling PP shares on little more than a fairy tale.
It was a series of the "messages" that got a whole pack of people to invest mountains of money. I wish the SEC would take a hard look at this practice.
LTO:
That CVC/St. George crew does not look like the types to use the courts to collect bad debt. I think they are more old school Chicago. Of course, the debt may never have existed, it might have just been a PR pump to sell PP shares.