Baltia Air Lines Inc. (fka BLTA)

[phl08]

Monroe, the company has not filed any motion to correct a manifest error or petition for review. In fact, their web site clearly states that they are not going to "defend a defenseless proceeding".

https://www.sec.gov/alj/aljdec/2018/id1254cff.pdf

This Initial Decision shall become effective in accordance with and subject to the provisions of Rule 360 of the Commission’s Rules of Practice, 17 C.F.R. § 201.360. Pursuant to that Rule, a party may file a petition for review of this Initial Decision within twenty-one days after service of the Initial Decision. A party may also file a motion to correct a manifest error of fact within ten days of the Initial Decision, pursuant to Rule 111 of the Commission’s Rules of Practice, 17 C.F.R. § 201.111. If a motion to correct a manifest error of
fact is filed by a party, then a party shall have twenty-one days to file a petition for review from the date of the undersigned’s order resolving such motion to correct a manifest error of fact. The Initial Decision will not become final until the Commission enters an order of finality. The Commission will enter an order of finality unless a party files a petition for review or a motion to correct a manifest error of fact or the Commission determines on its own initiative to review the Initial Decision as to a party.

Given that the company has stated, via their web site front page, that they are not going to defend this action and the SEC said this order will become final unless there is a motion or petition filed by the company, the revocation is effectively final..

Monroe1 Member Level Wednesday, 07/25/18 12:11:42 PM
Re: phl08 post# 101851 0
Post # of 101853

You are 100% wrong. The process is not wrong either. Otherwise there would be no need for any company to appeal or to file back financials. You are hopeful it is 100%. Initial means initial so until you read Final Order is is not over. Capiche or no?