Baltia Air Lines Inc. (fka BLTA)

[phl08]

The can show cause any time up until the deadline. But you seemed to suggest they HAVE shown cause when I asked you two basic questions (which you really haven't answered at all).

What has the company done to show it's attempting to survive? There has not been a single public display of any effort of any kind in 6 months.

And can you point to a public document that shows they have "contested the original suspension and accepted the suspension"?

You replied to those 2 questions with only "Duh, show cause..hello?" as if to say that's what they have done to show they're attempting to survive. They aren't. They haven't done anything to show they care or are trying to survive for many months now.

I would like to know what makes you think they contested the original (May 10) suspension when they didn't even respond to the SEC in the 10 business days following.

And what do you think will take place at the pre-hearing phone conference on July 20 if they still have not responded to the SEC by then? What do you think will happen if BLTA doesn't even attend that conference? What gives you the faith that they will pull a rabbit out of the hat in the last hour when they've literally shown NO indication of resolving the delinquencies other than begging shareholders for money to pay auditors?

Monroe1 Member Level Thursday, 06/07/18 07:24:38 AM
Re: phl08 post# 100778 0
Post # of 100786
How can the Show Cause when that proceeding has not yet arrived?

Monroe1 Member Level Thursday, 06/07/18 07:21:58 AM
Re: Robodog post# 100764 0
Post # of 100786
I will stop after the Show Cause. It could be as late as August before we know for sure. Baltia Whistle Blowers collect from the SEC. SEC Whistle Blower program payments do not come from any company so it does not matter if Baltia is broke or not.

So why throw in the towel if the company has not yet?

It is not what makes me think they will turn things around, rather they are attempting to survive. If not, they would have not contested the original suspension and accepted the suspension.

Like stated before, we are comatose but still breathing. There is a chance Baltia prevails in Show Cause. To say for certain anyone knows the outcome is a bit hasty. Doesn't look good but we have to wait to know for certain.