Baltia Air Lines Inc. (fka BLTA)

[phl08]

May 8 - Suspension begins, BLTA posts message saying they are "cooperating with the SEC" blah blah blah

May 24 - SEC states that BLTA has NOT responded to the suspension notice, delivered by USPS Express Mail on 2 weeks prior (May 10) to their business address

Let's look at the last sentence of the current web site blurb more closely:"The restatement of previous years' financials and ongoing legacy legal proceedings have caused a delay in providing completed audited financials."

And compare that to the statement Tony made on November 30, 2017:
" the company has nonetheless been able to complete the 2015 and 2016 audits which we are striving to release soon."

They can't even keep up with their own lies any more. They haven't responded to the SEC, but they are cooperating. Ok. The financials are complete, but wait - legal proceedings are causing a delay in providing them?

What's next? Are they going to tell us they entered into a merger agreement with Delta Airlines only to tell us 2 weeks later that they decided it wasn't in the best interest of the company?

Monroe1 Member Level Thursday, 05/31/18 11:54:19 AM
Re: phl08 post# 100621 0
Post # of 100626

"Baltia Airlines, Inc. dba USGlobal Airways is cooperating with the SEC and working on all fronts to rectify the trading suspension. The restatement of previous years' financials and ongoing legacy legal proceedings have caused a delay in providing completed audited financials.