Replies to post #100900 on Baltia Air Lines Inc. (fka BLTA)

[Monroe1]

Fact is fact. SEC was gung ho like never seen before. As said, it was the CEO responsibility. Business can be tough and yes, we do fall victim to problems and to others trying to self reward at the expense of others. Those WhistleBlowers could careless about the company or investors. So we disagree over the issue of intent it seems. I do not believe there was intent to defraud or scam. I believe the CEO had for all intensive purposes the making of an airline.

{In the legal system, an Order to Show Cause is a court order requiring an individual or entity to explain, justify, or prove something. In the U.S., courts frequently use orders to show cause to initiate a court proceeding that needs to be heard outside the usual schedule, such as when a temporary order is being sought. In these cases, the court needs additional information before the judge could make such a decision. To explore this concept, consider the following Order to Show Cause definition.
Definition of Order to Show Cause

Noun

An order issued by the court that a party appear in court on a specified date and time to give reasons (show cause) why an order requested by the opposing party should not be made.}