It's the last public document we have that indicates BLTA has done NOTHING to address this, as of May 24, 2018.
Each Respondent was served with the OIP on May 10, 2018, by USPS Express Mail delivery or attempted delivery at “the most recent address shown on [its] most recent filing with the Commission.”
To date, Baltia Air Lines, Inc., Graphite Corp., and 24Holdings, Inc., have each failed to file an Answer within the time provided.
Accordingly, Baltia Air Lines, Inc., Graphite Corp., and 24Holdings, Inc., are each ORDERED TO SHOW CAUSE, by June 15, 2018, why it should not be deemed to be in default and the registration of its securities revoked.
IT IS FURTHER ORDERED that the hearing is POSTPONED sine die, and a prehearing conference shall be held by telephone on July 20, 2018, at 10:00 a.m. EDT, if the proceeding has not been resolved by then.
To paraphrase.... as of 5/24, Baltia has NOT shown cause. Baltia has until 6/15 to show cause. If they do not show cause, the 7/20 telephone conference will be the final nail in the coffin. There will be no 7/20 conference if they do something to "resolve" their severe delinquencies.
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