TED STATES OF AMERICA Before the SECURITIES AND

TED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ADMINISTRATIVE PROCEEDINGS RULINGS
Release No.
5
7
52
/
May 24
, 2018
ADMINISTRATIVE PROCEEDING
File No. 3
-
1
8472
In the Matter of
:
:
BA
LTIA AIR LINES
, INC.,
:
ORDER TO SHOW CAUSE
GRAPHITE CORP
.,
:
AND
GREEN ENERGY MANAGEMENT SERVICES
:
POSTPONEMENT ORDER
HOLDINGS, INC., and
24HOLDINGS
, INC.
:
The Securities and Exchange Commission instituted this proceeding with an Or
der
Instituting Proceedings (OIP), pursuant to Section 12(j) of the Securities Exchange Act of 1934, on
May 7, 2018
, and the hearing
was scheduled to commence on
May 31, 2018
.
The OIP alleges that
each
Respondent is
a corporation with a class of securitie
s registered with the Commission pursuant
to Section 12(g) of the Exchange Act and has repeatedly failed to file required periodic reports. The
Division of Enforcement is seeking to revoke the registration of
Respondent
s
’
securities.
The OIP provid
es that each Respondent’s Answer is due within ten days of service of the
OIP on it.
See
OIP
at
3
; 17 C.F.R. § 201.220(b).
Each Respondent was served with the OIP
on
May 10
, 2018
,
by USPS Express Mail
delivery or
attempted delivery at “the most recent ad
dress
shown on [its] most recent filing with the Commission.” 17 C.F.R. § 201.141(a)(2)(ii).
To date,
Baltia Air Lines, Inc., Graphite Corp., and 24Holdings, Inc.
,
ha
ve each
failed to file an Answer
within the time provided.
1
Accordingly,
Baltia Air Li
nes, Inc., Graphite Corp., and 24Holdings, Inc., are
each
ORDERED TO SHOW CAUSE, by
June 15, 2018
,
why it should not be deemed to be in default
and the registration of its securities revoked
.
See
OIP
at
3
; 17 C.F.R. §§ 201.155(a), .220(f).
IT IS FURTH
ER ORDERED that
the hearing
is
POSTPONED
sine die
, and a prehearing
conference
shall be
held by telephone on
July 20, 2018
, at
10
:
0
0
a.m. E
D
T, if the proceeding has
not been resolved by then.
/S/ Carol Fox Foelak
Carol Fox Foelak
Admi
nistrative Law Judge
1
The proceeding has ended as to
Green Energy Management Services Holdings, Inc.
Baltia Air
Lines, Inc
., Exchange Act Release No. 83301, 2018 SEC LEXIS 1198 (May 2

USGL investor