Baltia Air Lines Inc. (fka BLTA)

[phl08]

Yes, the CEO is responsible, 100%.

So there's no need to even continue to try and somehow make Tony look like a victim with your rant against a "gung ho SEC". They acted as they're expected, and admirably. Any whistleblowers who prodded them along to look at this money pit were more than justified in putting a stop to this sham of a company.

He also did not, proverbially, get caught with his pants down. He was well aware of the pending outcome 60 days in advance of the May suspension. He was warned. He knew the financials were not only severely delinquent, but that he had not lived up to a promise to shareholders to release them "soon", as stated on November 30, 2017.

Oh, and there is no "Show Cause" hearing that you keep bringing up. There is a deadline (3 days from now). If they haven't shown cause, the pre-hearing on 7/20 will be quick and swift.

Monroe1 Member Level Tuesday, 06/12/18 04:33:07 PM
Re: Pennywize post# 100898 0
Post # of 100899

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?