Baltia Air Lines Inc. (fka BLTA)

[Monroe1]

Many times I have addressed this. The buck stops with the CEO whether to sign off on a CPA, attorney work product or any other material from management.

The CEO was late. Totally his responsibility. Was he timing the release of financials to coincide with an update on another deal? I think so. He was pre-empted by a gung ho SEC drinking too much Red Bull and prodded by WhistleBlowers wanting to make a killing... yes, they were late and forewarned. Yes, the SEC acted out of norm...way out. So he got caught with this pants down. His fault.

Ship happens. So let see if he crawls out of the hole and gets a positive outcome from the Show Cause Hearing. They could well do this as the financials were supposedly practically completed but held up do to other litigation. Will Whales come to the rescue and pay a few thousand for the accounting?