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Baltia Air Lines Inc BLTA
(Total Views: 829)
Posted On: 05/31/2018 10:24:41 PM
Post# of 41414
Posted By: phl
Re: Mogul40 #40445
At this point, it is a fundamental problem...an Achilles heel that Tony as CFO (before becoming CEO) or Michael (as CFO) has neglected to be transparent with the financials. This is the single issue that has plagued BLTA in the past 2 years. Whether it's because they didn't have enough money to pay the auditors or that the financials are in such bad shape that they don't want the public to see them is immaterial at this point. They both had a fiduciary duty and failed to live up to it. So I completely disagree with anyone that says these guys are "talented" or "working very hard on it". Their lack of any verifiable actions on their basic duties dispute those statements, which means they are simply your opinions.


Quote:
Posted On: 05/31/2018 5:40:45 PM

Posted By: Mogul40
I will leave these posts because this is how rumors get started. It’s more than $20k and there were a few 1 step forward 2 steps backward scenarios


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