Baltia Air Lines Inc. (fka BLTA)

[phl08]

Another lie.

From the recent web site update:
Over the past many months, the Company has been unable to complete its audited financial statements and therefore file its periodic reports with the SEC. The SEC’s filing requirement is very strict and matter of fact. The Company decided that the better course, rather than trying to defend a defenseless proceeding with the SEC, would be to use those funds to concentrate on the Company’s filings. While the deregistration in not enviable, once the Company is able to complete its financial statements, the Company believes it will be able to have caught up in its filings even quicker than before the deregistration.

What a terribly written statement full of runon sentences. I had to read it 3 times to basically get the main point:

1.) Tony lied on November 30, 2017 when he stated in the shareholder letter that the audits were complete

2.) They are cowards and don't want to face the SEC because they know how many buried skeletons are going to come falling out of the closet

3.) They are going to let it go into revocation, somehow thinking they will be able to file everything and go back to business as usual.