D Mecatronics Inc. (fka DMTA)

[Rev Kilgore Mullet]

The Case Against DMTA, Part 1-The Setup

The non-recourse note receivable for the issuance of 72 million shares was unusual. The amount was large compared to the previous 174 million outstanding. More intriguing was the lack of a maturity date or a payment schedule as well as any interest accrual. The shares were issued at the bargain rate of a penny on a day when the stock closed at four cents. The business purpose of the share issue was not disclosed nor was the identity of the note issuer. The Company partially disclosed the share issue in the third quarter financial statements that were released on November 14, 2007 with the following footnote explanation, “On September 6, 2007, the Company issued 72,000,000 in exchange for notes receivable in the aggregate amount of $720,000. The note is non interest bearing.”

A press release campaign announcing the intent of an undisclosed Russian buyer to purchase the company for $120 million began on September 21, 2007 and was well underway before the investors had the opportunity to review the footnote disclosure on November 14th. On the day of the share note disclosure, the stock closed at 9.5 cents.

Part 2- Accounting Questions (to be continued)

[Rev Kilgore Mullet]

H24, I haven't heard of any efforts that were successful in getting a lawsuit going. Even if you've already done so, I would encourage you to file a report with the SEC and/or the DOJ. The climate seems to have changed regarding scammer activity and the various agencies may be more responsive than in the past.

There was obvious criminal activity here which I will outline in a later post. The shareholders lost over 97% of the $13.7 million that they have put into this company starting in the third quarter of 2007.

[Rev Kilgore Mullet]

DMTA Average Shareholder GainHa/(Loss)

[Iggy_Bot]

Hows this promoted scam doing these days. my 8gs don't look good anymore, any word on the buy out ? Is the shareholder lawsuit still going on , i would luv to get in on it.

[Rev Kilgore Mullet]

Yes, there are public links showing where Dan Ryan's company was instrumental in promoting DMTA. Also, there are widely circulated rumors on iHub, as any of the present & former mods on the PHMB board can attest, that the pair were working together on that deal.

Additionally, there are rumors (perhaps it's more than rumor) linking Dino to mobster Tony Papa.

[lostinstocks]

I've read on other boards that Dino jr has connections with scammer Dan Ryan, have you any knowledge of this?

[Rev Kilgore Mullet]

I believe that DMTA is where Dino Jr. got his start as a manipulator/scammer. Who knows, it could be that the latest DMTA R/S & A/S increase was an effort to return near 100% ownership to the family without the intention of future dilution.

I doubt it, they had effective control without going to the trouble but we'll see.

[lostinstocks]

with Dino's condo rentals and other stocks he's involved in why would he scam investors in his dads company?

[Rev Kilgore Mullet]

There appears to be an actual operating company albeit one that is losing money. It doesn't matter if the company ever makes a profit. With Dino around, the public investors will never see a nickel of it.

[lostinstocks]

I guess one has to be careful the next PR (if there is one) if the company is informing shareholders of great progress or just scamming shareholders just to dump shares.

[Rev Kilgore Mullet]

Nothing prevents them from increasing the AS. The most relevant factor from an investor perspective is that Dino Paolucci Jr is a scammer.

[lostinstocks]

doesn't that leave about 230 million + or - shares for the company to dump on the market?

[Rev Kilgore Mullet]

In my opinion, the 15 million restricted shares awarded for compensation was a method for squeezing down the pro rata ownership of the public shareholders to less than 1%.

[lostinstocks]

Thanks Kilgore for the info, I read something in the last statement on the pinks about all the directors getting 5 million restricted shares each in lieu of payment whats that all about?

[Rev Kilgore Mullet]

Yo Lost,

DMTA may be a reporting company but there are numerous inconsistencies in the financial statements and in the ownership of shares reported by control persons. Also, historic press releases have been quite fantastic and may be properly characterized as misleading. It should be noted that suspected scammer, Dino Paolucci Jr, is associated with this company. The company has recently undergone a reverse split followed by an increase in the authorized shares which diluted public ownership of the company from around 50% to well under 1% of the outstanding shares.

Hope this helps,
Kilgore

[Tina]

Hi lostinstocks

I've looked at the website and believe there's sufficient pictures in the ibox but if you'd like, I will call the company and ask if there's anything newer.

Here's what's on pinksheets.com (and I'll add it to the ibox). DMTA is a fully reporting company.

Estimated Market Cap
$5,217,630 as of May 22, 2009
Outstanding Shares
15,811,000 as of Mar 31, 2009
Authorized Shares
250,000,000 as of Mar 31, 2009
Number of Share Holders of Record
43 as of Mar 31, 2009
Float
536,244 as of Mar 31, 2009

[lostinstocks]

mods how about putting some current pictures of the robotics in production mode in the ibox?

[Tina]

No,

I have a personal investment interest in this stock period.

I post here every three months to stay active.

There's no news, no promotion. No other posts, nada.

I think this subject came up the last time I posted a chart.

Come back in another 3 mos and ask again.

Thanks

[lostinstocks]

DMTA moderator could you update the Ibox on the current share structure? Its really misleading to any new investors. Thanks

[lostinstocks]

are you the new IR person?

[lostinstocks]

looks like a pump and dump is coming!

[Risicare]

Yes being linked to an well known international group of fraudsters is important. I am glad you reposted it as my post of it was deemed offtopic.
Winnick and Pearl who are part of DOM are infamous scammers in the penny stock world and it is very pertinent to know when these sort of folks are around.

[TikiGal]

This info is on topic and should be allowed to be seen by all who are interested in buying into this company. Let people make their own decisions by allowing them to see all the information available regarding this company.

http://rogueimc.org/en/2008/01/9881.shtml

[TikiGal]

http://web.archive.org/web/*/dmecatronics.com

[Tina]

Due diligence synopsis

http://investorshub.advfn.com/boards/read_msg.asp?message_id=24475380
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23897463
http://www.investorshub.com/boards/read_msg.asp?Message_id=18180509&txt2find=dmtn

[Tina]

D Mecatronics Inc. Web Page - http://www.dmecatronics.com

Video - Proprietary fully integrated production lines produced by D Mecatronics

http://www.dmecatronics.com/techVideo2.php
http://www.dmecatronics.com/techVideo.php

[Tina]

DMTA Chart:

[Tina]

>>Given that you are an IRP and appear to be providing awareness for DMTA in your previous post<<

Good morning Mr Mullet

Not sure how you interpret posting a chart as "awareness" and if it's not in my disclaimer than it's not "awareness"

I do invest/trade stocks as well and DMTA is merely a personal interest of mine.

With that said, any future comments in reference to my (as a poster) trading/investing activity will be deemed off topic.

Have a good day.

[Rev Kilgore Mullet]

Ms. Stocks: Given that you are an IRP and appear to be providing awareness for DMTA in your previous post, do you contemplate a compensated awareness campaign for DMTA? If so, do you intend to perform any due diligence procedures that might provide some assurance to potential investors that DMTA is not a continuing scam?

[Tina]

[coldcash]

YES . they say anyone from the 70"s era can buy stock cheap and then the stock will roar to 6 or 7 bux in a jiffy , then Lesko ( buyer lesko)
will put out a proxy and you can vote on it ( whether you want it in nickels or dimes) bent by some hydraulic machine that has been moved to Russia
and then pay import fees to get it back into US , its 85.95 for a hammer

[Rev Kilgore Mullet]

Any updates from management on the LesKo deal?

[coldcash]

ASK IS 2.00 ? WHAT A RIOT

A REAL G-20 MOMENT

[coldcash]

they musta had to order out for pizza
and it almost bankrupted them

SLIME DMTN

[Helter Skelter]

See an RS end of 2008 looks like it had a great run last Q of 2007? Fishy in Denmark?

[Helter Skelter]

What happened here? -84% ...tia...

[Iggy_Bot]

ck out the fails to deliver in dmtn http://failurestodeliver.com/default.aspx

[coldcash]

down like a bolt of lightning

are the Dinos serving up more intrigue
and fastballs (farseballs) ?

gotta watch out here .......

[gadawg22]

Gret job Dino's. You guys are real sweethearts. Compensation more than tripled from 2007 to 2008 with nearly half the revenue of 2007. Glad to know that they are still looking after themselves. In these trying times, management still take care of themselves.

[lostinstocks]

new info listed on the pinks.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=dmta

[lostinstocks]

Big volume today. Did we or did we not lose a board mark today? Maybe the seller?

[Rev Kilgore Mullet]

Market cap is $146k.

The market is currently discounting the Lesko deal by a factor of greater than 99.9%.

[Rev Kilgore Mullet]

Dino's been pretty busy, just not with DMTA.
Take care, yourself.

[lostinstocks]

Everything's going fine except for this stock, I've just been sitting on the side line for awhile, there's really nothing to post about (besides that huge run today) I'm waiting for Dino's next move. Then this board should be hopping again. Take care

[Rev Kilgore Mullet]

On 100 shares.

The budget must not be extravagant.

How's it going, Lost?

[lostinstocks]

DMTA up 580% today!

[Rev Kilgore Mullet]

First trade in six days, a paltry 164 shares. We know you went to a little trouble with the reverse split. When are you going to get the new dog & pony show on the road?

[Iggy_Bot]

The Bid is 25 cts.

[Rev Kilgore Mullet]

It certainly does move easily!!!
Did you note that it was down 50% yesterday on similar light volume?

[Tina]

DMTA moves so easily! +8.33% on little volume!