Baltia Air Lines Inc. (fka BLTA)

[kayakzz]

Tony needs to learn how to write a comprehensible paragraph.

What is a "defenseless proceeding"? He might have said "indefensible proceeding."

"Matter of fact" makes no sense the way Tony used it.

"While the deregistration in not enviable"....what does that mean Tony?

Tony believes deregistration will make him file the fins quicker? That doesn't even make sense.

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.