Baltia Air Lines Inc. (fka BLTA)

[phl08]

Monroe, He did absolutely say, in writing TWICE, that the financials are complete. Nowhere did he say they are "almost done". First in the Nov 14, 2017 shareholder letter:

"As the company undergoes its transition and preparation for operating as a Part 121 air carrier, we understand that it is vital for us to maintain transparency and hold ourselves to the standards we set forth during our Special Shareholders Meeting in May 2017."
....
we have completed the audit for fiscal years 2015, 2016, and the first three quarters of 2017 and are preparing the final drafts for legal review and release

On Nov 30, 2017 (2 weeks later), he also wrote:

the company has nonetheless been able to complete the 2015 and 2016 audits which we are striving to release soon

The company has not responded to anything at all. It was hinted that the BLTA and SEC legal council's spoke after the May 7 notice, but in subsequent SEC documents they made it clear that BLTA has not responded to anything. This also lines up with the June web site update that BLTA dba USGL will not fight the revocation.

So you can be hopeful about the ALJ working something out with them, but it's abundantly clear by their own statements that this won't happen.

Monroe1 Tuesday, 10/16/18 04:21:32 PM
Re: LongTimeObserver post# 103165 0
Post # of 103167

I'm not sure he said they were completed rather almost done. I would guess they held them back pending Songbird or something else cooking.
Then release them after news then RS. So I am hopeful now the SEC ALJ works it out with them.