Replies to post #99547 on Baltia Air Lines Inc. (fka BLTA)

[janice shell]

I don't know exactly what management has done here. But I doubt it rises to a level of criminality the SEC would find sufficient to try to convince the DOJ to prosecute.

BLTA's always seemed to me to be a company that made promises it couldn't deliver on, and lied to its shareholders about many things. But I doubt any members of management got away with tens of millions of dollars, and in order to litigate, the authorities would like to see some prospect of recovering funds.

I suspect the SEC has done just about all it will do. It suspended the stock, and will revoke registration. BLTA will go quietly, and probably never be heard from again.