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Re: Deltasaint post# 102002

Thursday, 08/02/2018 5:31:04 PM

Thursday, August 02, 2018 5:31:04 PM

Post# of 105600
Barry and Anchovy were too busy running an illegal, unregistered boiler operation peddling millions of dollars of shares of BLTA over the years out of a check cashing hut.

Many shareholders admittedly purchased shares pursuant to an exemption that required investors to fall under the definition of "accredited investors" as defined under Rule 501 of Regulation D. Many of these investors did not qualify and lied on a suitability questionnaire attached to the subscription agreement provided by the issuer.

The issuer has been delinquent for years, inclusive of financials not audited that were required pursuant to Regulation S-X. This makes Rule 144 not available to any selling shareholders and while delinquent, there was no registration available either.

Three consecutive auditors were sanctioned by the PCAOB, the SEC and their respective State Board of Public Accountancy.

The SEC is not going to have ANY compassion for the officers, directors, and shareholders who were complicit in this scheme to defraud unsuspecting investors. As this unravels, I would not want to be a shareholder who lied on questionnaires, and subsequently resold stock for a profit using an exemption that was not legally permitted at the time. Further, the SEC is not going to turn a blind eye on "shareholders" claiming to be innocent, when in fact they knew full well what they were engaged in.

I have been saying this for years, it is finally catching on. Do you think Barry proffered? Or did I call the PCAOB? Maybe both, maybe neither. But Barry knows a lot more about this scheme than I do.

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