Baltia Air Lines Inc. (fka BLTA)

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He can file a 10-12g as soon as the accompanying audits are prepared, final and included. And the share structure does not change if the board of directors sees fit. If he does not accept the revocation in an offer of settlement, its tossing scrambled eggs in the face of the SEC. Usually 10-12gs are not reviewed and automatically become effective in 60 days. The problem is, the SEC will be pissed and will find a reason to comment. While the 10-12g would become effective no matter the comments, they will find a way to revoke the registration in the future for the smallest of reasons.