Baltia Air Lines Inc. (fka BLTA)

[phl08]

Just over a year ago, the financial audits were promised in a very public SHM in front of shareholders, local business leaders and politicians.

On November 30, In the wake of the failed Songbird acquisition, Tony told shareholders via a letter:
"the company has nonetheless been able to complete the 2015 and 2016 audits which we are striving to release soon". Most would reasonably agree that "Soon" is not 6 months.
https://www.usglobal.com/latest-news

His mouthpiece, Lyin Lampl, has said in a few press interviews that the company couldn't finish the deal due to the inability to raise money. Other posters on this and the other stock forum were personally contacted for assistance just to come up with the money to pay for the audits. Some have stated that the company had no idea what they were doing when trying to leverage what few assets they have to finance growth. But without audited financials, who in their right mind would put anything into this?? Their well dried up.

In March the SEC sent BLTA notice of suspension, yet 2 months later when it actually happened Lyin' Lampl told the press this event took them off guard. He likened it to a credit card being frozen for nonpayment, which by the way is something that usually doesn't catch one off guard. Clearly a load of BS and the reporter of that story should have taken him to task on it.

And now this - the SEC is on record saying as of May 24 - 14 days since the SEC notified them in a May 10 letter advising of Order Instituting Proceedings - BLTA has not responded.

"To date, Baltia Air Lines, Inc., Graphite Corp., and 24 Holdings, Inc., have each failed to file an Answer within the time provided"
https://www.sec.gov/alj/aljorders/2018/ap-5752.pdf

If they were working with the SEC, as their web site blurb states, then the SEC would not be stating there has been no response to the letter. So, another outright false statement from Lyin Lampl.

Now the goal post has been moved from May 31 to June 15. If BLTA doesn't respond by then, we can be sure it's game over for sure. If they do respond, we'll have to see what substance they provide. We can be sure nothing short of fully prepared and audited financials will be accepted, though.