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Barry Clare must be quite proud of himself for taking advantage of people.
"John : I just scared the crud out of myself this morning.Was playing with some #s and saw that I was down $47,939.
I know it isn't much in some pockets but for an old vet on disability it is huge, and that is what scared me. No more playing with #s ,Might have a heart attack before I get to start spending all my profits. LOL"
Time is running out for Barry, his answer is due 4/11/2016.
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ADMINISTRATIVE PROCEEDINGS RULINGS
Release No. 3749/March 30, 2016
ADMINISTRATIVE PROCEEDING
File No. 3-17172
In the Matter of
BARRY B. CLARE
ORDER POSTPONING HEARING AND SCHEDULING PREHEARING CONFERENCE
On March 15, 2016, the Securities and Exchange Commission issued an order instituting proceedings (OIP) against Respondent pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, and Section 9(b) of the Investment Company Act of 1940. A hearing is currently scheduled for April 25, 2016.
On March 22, 2016, Respondent filed a waiver of service, which states that Respondent’s counsel received the OIP via email on March 22 and, on behalf of Respondent, waived service pursuant to Rule of Practice 141(a)(4), 17 C.F.R. § 201.141(a)(4). I find that service was effective on March 22, 2016, and that the 300-day period for issuing an initial decision in this matter began to run on that date. Additionally, Respondent’s answer is due April 11, 2016. OIP at 5; 17 C.F.R. § 201.220(b).
Also on March 22, the parties filed a joint motion to adjourn the hearing and schedule a prehearing conference. The motion is GRANTED. I POSTPONE the hearing currently scheduled for April 25, 2016, and schedule a telephonic prehearing conference for April 21, 2016, at 11:00 a.m. EDT. Prior to the prehearing conference, the parties must confer and discuss the date for the hearing in this matter, the most convenient location for the hearing, the prehearing schedule, and the matters listed in Rule of Practice 221(c). See 17 C.F.R. § 201.221(c). In doing so, the parties should bear the following in mind. First, 5 U.S.C. § 554(b) and 17 C.F.R. § 201.200(c) provide guidance regarding the location of the hearing. Second, Respondent has a right to a hearing
between thirty and sixty days after service of the OIP. 15 U.S.C. § 78u-3(b); see OIP at 4-5. If Respondent exercises that right, the hearing in this matter will commence on a date to be determined within that time period. Otherwise, given my schedule and Rule of Practice 360(a)(2), the hearing will most likely begin during the latter part of August. See 17 C.F.R. § 201.360(a)(2).
By April 18, 2016, the parties must by joint letter, filed consistent with 17 C.F.R. §§ 201.151-52:
a) notify this office of the results of their discussion;
b) notify this office if Respondent wishes to exercise his right to begin the hearing between thirty and sixty days of service of the OIP; and
c) notify this office of the date they have agreed the hearing should begin.
The parties are asked to e-mail PDF text-searchable courtesy copies of any filings in this proceeding to alj@sec.gov.
https://www.sec.gov/alj/aljorders/2016/ap-3749.pdf
_________________________
If BLTA gets suspended it won't be good news for people trying to get out of it after Barry is convicted & they have to start doing refunds for the illegally sold PP shares.
If you go back and read the "current application" for the route, you'll see it is the 2009 application.
Given the magnitude of the management's collective IQ, I would not be surprised if Barry were to claim he never sold anyone securites. Especial after giving the SEC evidence of: Clare’s ledgers show, Clare sold Baltia stock on a near-daily basis during the Relevant Period. Indeed, Clare participated in at least 820 sales of Baltia stock.
You mean this rule?
Washington, D.C., April 2, 2013 — The Securities and Exchange Commission today issued a report that makes clear that companies can use social media outlets like Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social media will be used to disseminate such information. (Baltia has never alerted the shareholders to check Baltia's social media sources. Odd there isn't a link on Baltia's website to the Baltia FB page.)
The SEC’s report of investigation confirms that Regulation FD applies to social media and other emerging means of communication used by public companies the same way it applies to company websites. The SEC issued guidance in 2008 clarifying that websites can serve as an effective means for disseminating information to investors if they’ve been made aware that’s where to look for it. Today’s report clarifies that company communications made through social media channels could constitute selective disclosures and, therefore, require careful Regulation FD analysis.
“One set of shareholders should not be able to get a jump on other shareholders just because the company is selectively disclosing important information,” said George Canellos, Acting Director of the SEC’s Division of Enforcement. “Most social media are perfectly suitable methods for communicating with investors, but not if the access is restricted or if investors don’t know that’s where they need to turn to get the latest news.”
Posting they dispute the SEC's charges on a FB page is all well & good for company news, if it were the company's FB page, however it will not suffice for the required filing of a response to the SEC's charges against Barry.
I guess we know where the bulk of that 1.7 million restitution is going. I wonder if J.D. is the one who filed the complaint with the SEC to get the ball rolling against Barry?
The PR does not mention anything about an answer being filed.
http://www.prnewswire.com/news-releases/baltia-air-lines-and-barry-clare-dispute-sec-charges-300237854.html
Nothing has been posted yet from Barry or Baltia.
https://www.sec.gov/litigation/apdocuments/ap-3-17172.xml
They best get cracking, Barry's hearing is right around the corner.
IT IS ORDERED that the hearing in this matter commence at 9:30 a.m., Monday, April 25,
2016, in the Commission Headquarters Offices, Hearing Room 2, 100 F Street, N.E., Washington, D.C. 20549
Yep the good ole Baltia SS. This summer they're going to start up Baltia Youth Camps.
Same company, same management minus Igor and soon will be minus Barry, new twist to the same string along.
That is all that was left after Barry's commission was deducted.
They're trying to raise cash to pay for Barry Clare's defense. In the meantime, Brad is working on his next 20,000 page fabricated IPI Report, that will expose the SEC's criminal acts toward Baltia.
Just the bit about the route, they lost it again 11/13/2010.
UNITED STATES OF AMERICA
DEPARTMENT OF TRANSPORTATION
OFFICE OF THE SECRETARY
WASHINGTON, DC
Issued by the Department of Transportation on May 13, 2010
NOTICE OF ACTION TAKEN -- DOCKET DOT-OST-2009-0070
This serves as notice to the public of the action described below, taken by the Department official indicated (no additional confirming order will be issued in this matter).
Application of BALTIA AIR LINES, INC. (Baltia) filed 3/13/10 for:
Allocation of one (1) weekly U.S.-Russia combination service frequency for scheduled foreign air transportation of persons, property and mail between New York, New York and St. Petersburg, Russia.1
Applicant representative: Steffanie J. Lewis (202) 296-1111
DOT Analyst:
Brett D. Kruger (202) 366-8025
D I S P O S I T I O N
Granted (subject to conditions, see below)
The above action allocating one frequency was effective when taken: May 13, 2010, and will remain in effect indefinitely, subject to the conditions below.
Action taken by: Paul L. Gretch, Director
Office of International Aviation
The authority granted is consistent with the Annexes to the 1994 U.S. – Russia Air Transport Agreement.2
Except to the extent exempted or waived, this authority is subject to the terms, conditions, and limitations indicated:
Holder’s certificate of public convenience and necessity (Order 2009-3-7)
Remarks/Conditions: In its application Baltia requested a six month period, beginning on the date of this action, to begin operations. Failure to inaugurate service with the allocated frequency by November 13, 2010 will result in the unused frequency reverting to the Department. Also, consistent with our standard practice, the allocated frequency is subject to a dormancy condition. Under this dormancy condition, if the frequency allocated here is not used for a period of 90 days (once inaugurated), the allocation with respect to the frequency would expire automatically and the frequency would revert to the Department.
1 By Notice of Action Taken dated March 20, 2009 in the instant Docket, the Department previously allocated to Baltia one weekly U.S.-Russia combination service frequency for New York-St. Petersburg service. Baltia did not inaugurate service before the stated start-up deadline; therefore, that frequency automatically reverted to the Department.
Under authority assigned by the Department in its regulations, 14 CFR Part 385, we found that (1) our action was consistent with Department policy; (2) grant of the authority was consistent with the public interest; and (3) grant of the authority would not constitute a major regulatory action under the Energy Policy and Conservation Act of 1975. To the extent not granted, we denied all requests in the referenced Docket. We may amend, modify, or revoke the authority granted in this Notice at any time without hearing at our discretion.
Persons entitled to petition the Department for review of the action set forth in this Notice under the Department’s regulations, 14 CFR §385.30, may file their petitions within seven (7) days after the date of
issuance of this Notice. This action was effective when taken, and the filing of a petition for review will not alter such effectiveness.
An electronic version of this document is available on the World Wide Web at:
http://www.regulations.gov
Contrary to what many have been lead to believe, Baltia lost Route 890,New York-St. Petersburg service, for the second time on November 13, 2010.
This route, that no other Airline is interested in, might have been awarded to Baltia for the third time, if Steffanie had not resubmitted the 2009 request.
The DOT has not given that exclusive route back to Baltia.
Wasn't the Pro-forma written by Barry Clare?
Sounds like Baltia wannabe an Airline is just as crooked if mot more than, Avatar wannabe an Airline.
Baltia is a 26 & 1/2 year old wants to be a real airline, with a 37 year piece of junk they can't get certified, and a crooked VP of finance.
Baltia may fear they'll have to buy back all of the PP shares Barry sold illegally.
They shouldn't be worried, Steffanie is walking around the office plotting Barry's Vigorous defense while clutching the Lot-Lizard Barbie Brad gave her.
Yep your reading it right. We're back to holding hands with the FAA, skipping around Baltia's Golden Bird singing Kumbaya.
After 5 years, millions dollars, and several billion shares, someone finally realized that Kaltia must have bought N706BL to use for parts, and that Delta sent it to the junkyard for a good reason.
There will be no media exposure of fraud & mistreatment of Baltia by the FAA coming from the Investigative truck driving/reporter's fabricated, 20,000 page IPI report.
Igor's extremely poor communication skills was causing the tension between Baltia & the FAA.
I wonder if some people at the FAA fell victim to Barry Clare's pump & dump scam of private placement shares.
Yep, the SEC does not waste ink & paper filing litigations they won't win.
Now it is just a matter of waiting to see who Barry hangs out to dry. Who'll be next, Tony, Vick, or John boy?
Wall Street Fails and Barry Clare Gets Busted.
https://www.sec.gov/litigation/admin/2016/34-77373.pdf
They most likely went to GINTA SHAURINA AKA GINTA DMITROWSKY.
I wonder who else from Baltia's outstanding management team will be next after Barry starts singing to the SEC?
Do you suppose our beloved whale used some of Barry's sales pitches on the message broads or wrote his own?
It sure is nice to see the SEC start acting upon the complaints they've received for Baltia.
Did Barry Clare run off with yesterday's green?
Well, Baltia is incorporated in NY, not Nevada. It really doesn't matter which State Stinky Pinkies incorporate in, at the end of the day they're still just a Stinky Pinky.
In regards to the Nevada SOS, as long as the annual fees has been paid, they don't care what information these "companies" give them.
They canceled the fabricated IPI report. There'll be no media coverage of the FAA's fraud. Turns out the problem has always been Igor & his 37 year old scrap heap.
The new line of Baltia fiction from another source:
The FAA and Baltia decided today that the past is water under the bridge. Both sides agree that we could have handled this whole process differently. In the FAAs defense there were things that were communicated to Igor that he chose to bury and keep to himself that the management team had no idea. They do now and we are embarrassed and upset to say the least.
These facts come to light fully this week as a lengthy disclosure exercise and an in depth review on the whole process was conducted.
We have collectively agreed to work together to get Baltia certified and in the air by mid summer. Can you imagine a brand new Boeing 767, 777 or 787 flying into NYC with a background of fireworks and the celebration of the 240 year birthday of the USA?
Well here's how it will go down; The LOI has been lodged and an order taken for a brand new 7*7. (I'm going to play with this for a bit. I assure you we know exactly what it is)...
It comes with the guarantee that it will pass the mini the first time. It also comes with the agreement that the manuals and every other issue will be up to date.
There was considerable discussion and planning this week and the conclusion was to be Americas best we needed to fly Americas best...Boeing has ALWAYS led the aviation industry with quality and performance. It will be fully fitted with the top entertainment features and can fly 10,000 nautical miles on one fill up!! WOW!!!! BABY!!! I flew on one nonstop from Houston to Moscow on Singapore Airlines in coach and it was an awesome experience. And Singapore Airlines is the quality we want TO BEAT!!
Why would they be jealous? Avatar's application has not been accepted and Baltia's has been denied, neither of them will ever be certified by the FAA.
WOW. Baltia has outperformed the S&P 500 by more than 3.3 million percent.
http://www.standardtrib.com/baltia-air-lines-incorporated-otcmktsblta-shorted-shares-decreased-by-94.html
I wonder if this David Hannula & Brad Ware took the same Investigate Journalism correspondence course?
No need to be confused, Baltia has been back at step zero since 11/16/15.
Now that they've turned to toxic financing the whales are bailing out.
In the land of Stinky Pinkies PIPEs are always destructive.
Ut oh. Somebody hacked FB and delete IPI's Report of the FAA's misconduct & fraud regarding Baltia.
https://www.facebook.com/independentpressrepo...mp;theater
It'll be far worse than that. 1 billion shares presumes they get all of it in a single swap at PP exchange rates. Pipes are doled out at in small tranches, in exchange for very deep discounted shares. Baltia might get the first $50k for 300 million shares. With each additional exchange the rate will get worse.
Check the state you were licensed in and you'll probably find there are limits as to how often you can take the exam, plus you paying an exam fee each time.
If Baltia had to pay for the cost of their evac demos, in addition to paying to have the slides repacked, they never would've done 7 of them. Each evac demo had at least 30 inspectors on hand, most of them were flown in for the event. That is a heap of travel, hotel, & meal costs being paid for by the taxpayers.
After 7 consecutive failures, it became quite obvious to the FAA that Stupid, really can't be fixed.
N706BL won't be going back to the graveyard from which it came. They'll give the pink slip back to Kalitta. Who originally bought it to use for parts, or to convert it for cargo use only.
Baltia should try to work out a deal with Kalitta to convert N706BL for cargo use only and haul cargo under Kalitta's certificate. With a source of revenue coming in, they could try getting certified for passenger service using a leased aircraft that was built in the 21st century.
IPI's the greatest investigative journalist is changing his report a wee bit.
Now, instead of the public's safety being put at risk from N706BL during Baltia's flight demonstration at the 2014 Thunder Over Michigan Airshow held in Ypsilanti.
Now Brad tells us:
No one said the 747 was flown during the 2014 Thunder over Michigan Airshow. It was static; we know this. The plane; however did not have all of the "critical" repairs completed prior to it being ferried to Willow Run. In fact, the "critical" repairs were not completed until November/December 2014. Thus putting the public in danger.
SDR# 2 was for an intermittent light on a cabin door Date Of Occurrence 2015-06-11
Surely there would have been at least 1 SDR for these "critical" repairs. SDR# 10 Date Of Occurrence 2011-03-24, SDR# 9 Date Of Occurrence 2014-11-20.
http://aviationdb.net/aviationdb/AircraftDetailPage#SUBMIT
Brad, your new version just does not add up. These "critical" repairs were not completed until November/December 2014.
Yet on Oct. 23, 2014 /PRNewswire/ -- Baltia Air Lines (BLTA) announced today that the C4 Check of its B747 Aircraft has been signed off by Kalitta Maintenance.
The C4 check, sometimes referred to as a D Check, is the most comprehensive inspection that an airliner undergoes, occurring every six years. The inspection involves structural and systems testing using X-ray, ultrasound, and other methods.
http://www.prnewswire.com/news-releases/baltia-air-lines-b747-heavy-check-completed-373911513.html
You may want to rescind your current report, and do a few more months of research away from Baltia's hangout.
Has Homeland security inquired about that bit on the 129 pounds of depleted uranium yet?
What has all of this wonderful expertise gotten them in the past 26 & 1/2 years?
On February 17, 2016 the Federal Aviation Administration announced the notice of proposed denial, dated November 16, 2015 will not be withdrawn.
Kalitta should hire that investigative truck driver to research FAA ADs & ACs for them.