UNITED STATES OF AMERICA Before the SECURITIES A
Post# of 41414
(Total Views: 433)
Posted On: 05/30/2018 4:29:23 PM
Re: USGL investor #40393
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ADMINISTRATIVE PROCEEDINGS RULINGS
Release No. 5752/May 24, 2018
ADMINISTRATIVE PROCEEDING
File No. 3-18472
In the Matter of :
:
BALTIA 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 Order
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 securities 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 Respondents’ securities.
The OIP provides 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 address
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., have each failed to file an Answer
within the time provided. 1
Accordingly, Baltia Air Lines, 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 FURTHER ORDERED that the hearing is POSTPONED sine die, and a prehearing
conference shall be held by telephone on July 20, 2018, at 10:00 a.m. EDT, if the proceeding has
not been resolved by then.
/S/ Carol Fox Foelak
Carol Fox Foelak
Administrative 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 21, 2018)
This format might be a bit easier to read. Not sure what the sentence under the number 1 right above means. It refers back to the paragraph ending with "have each failed to file an answer within the time provided". The proceeding has ended as to Baltia Air Lines, Inc., Exchange Act Release No.83301 SEC LEXIS 1198 (May 21, 2018) ?????????????
Before the
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ADMINISTRATIVE PROCEEDINGS RULINGS
Release No. 5752/May 24, 2018
ADMINISTRATIVE PROCEEDING
File No. 3-18472
In the Matter of :
:
BALTIA 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 Order
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 securities 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 Respondents’ securities.
The OIP provides 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 address
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., have each failed to file an Answer
within the time provided. 1
Accordingly, Baltia Air Lines, 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 FURTHER ORDERED that the hearing is POSTPONED sine die, and a prehearing
conference shall be held by telephone on July 20, 2018, at 10:00 a.m. EDT, if the proceeding has
not been resolved by then.
/S/ Carol Fox Foelak
Carol Fox Foelak
Administrative 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 21, 2018)
This format might be a bit easier to read. Not sure what the sentence under the number 1 right above means. It refers back to the paragraph ending with "have each failed to file an answer within the time provided". The proceeding has ended as to Baltia Air Lines, Inc., Exchange Act Release No.83301 SEC LEXIS 1198 (May 21, 2018) ?????????????
(1)
(0)