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Delta International Oil and Gas Inc. (DLTZ)

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Last Post: 4/19/2018 4:25:54 PM - Followers: 14 - Board type: Free - Posts Today: 4

Moderator's Disclaimer - This board is for Delta Mutual discussion purposes only and in no way a recommendation to invest or not in this stock. Any investment decisions should be based on your own due diligence and decision. You are solely responsible for your choices to buy or sell. This is a disclaimer and in no way holds the moderators legally liable for your investments. BUYER BEWARE! Address 111 North Branch Street Sellersville, PA 18960 Leadership Peter F. Russo President & CEO Contact Phone: 215-258-2800 Profile Delta Mutual, Inc., through its subsidiaries and joint venture interests, provides environmental and construction technologies and services in the United States, Puerto Rico, the Far East, and the Middle East. The company’s joint venture subsidiary, Delta-Envirotech, Inc., provides environmental technology services for certain business sectors located in the Far East and the Middle East. Delta-Envirotech has a joint venture with PT. Triyudha-Envirotech to process oil sludge for separation and recovery with equipment manufactured in Indonesia. It also has a strategic alliance with ZAFF International, Ltd., a technology company, to jointly pursue projects related to soil and water reclamation in the Middle East. Further, Delta Mutual has majority owned joint ventures to manage the construction and related activities required to build low-income homes in Puerto Rico. The company was founded in 1999 and is based in Sellersville, Pennsylvania. Update Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) Effective January 28, 2008, the Registrant’s Board of Directors appointed James L. Weintraub, Esquire as a director to fill a vacancy on the Board. Mr. Weintraub, 46, is currently a practicing attorney concentrating on corporate and commercial law matters. His offices are located in Ft. Lauderdale, Florida. Since 1998, he has served as General Counsel, Secretary and Board Member of e-lysium Transaction Systems, Inc. and is one of the founders of this software development company. He served as General Counsel for Flick Mortgage Investors, Inc. from April 2004 to August 2004; General Counsel/Secretary for ITELSA, Inc. from July 1998 through 2003; and consultant and Board Member for Gulfside-Dadeland, Ltd. from September 2002 to April 2003. Mr. Weintraub was a partner in Weintraub, Weintraub, Seiden and Orshan from 1988 to 1998. He was a Florida Supreme Court Certified Mediator from 1996 to 2002. Mr. Weintraub received a J.D. degree (1988) and a B.B.A. in finance (1985) from the University of Miami, Florida. The Company does not compensate directors in their capacity as such nor does it compensate directors for attendance at meetings. The Company does reimburse directors for reasonable expenses incurred in the performance of their duties. Change of control Item 1.01. Entry into a Material Definitive Agreement. Effective March 4, 2008, Delta Mutual, Inc. (the “Company”, “we” or “us”) entered into a Membership Interest Purchase Agreement (the “Agreement”) with Egani, Inc., an Arizona corporation, (“Egani”), providing for the acquisition by the Company from Egani 100% of the issued and outstanding membership interests held by it in Altony SA, an Uruguay Sociedad Anonima (“Altony”), which owns 100% of the issued and outstanding membership interests in South American Hedge Fund LLC, a Delaware limited liability company (“SAHF”). In connection with the Agreement, we issued 130,000,000 shares of our common stock to Egani, and also issued 10,000,000 shares to Security Systems International, Inc., pursuant to a Consulting Services Agreement, dated September 10, 2007 (the “Consulting Agreement”), between the Company and Security Systems International, Inc. FOR THE FULL TERMS OF THE AGREEMENT AND THE CONSULTING AGREEMENT, PLEASE REFER TO THE COPIES THEREOF FILED AS EXHIBITS 10.35 AND 10.36, RESPECTIVELY, TO THIS REPORT. Item 2.01. Completion of Acquisition or Disposition of Assets. At a closing held on March 4, 2008, pursuant to the Agreement we acquired from Egani 100% of the issued and outstanding membership interests held by it in Altony which owns 100% of the issued and outstanding membership interests in SAHF, in exchange for our issuance of 130,000,000 shares of our common stock. Item 5.01 Changes in Control of Registrant. At the Closing of the purchase of all of the outstanding membership interests in Altony on March 4, 2008 ( the “Transaction”), we issued to Egani 130,000,000 shares of our common stock, which constitutes following such issuance a majority of our outstanding shares of common stock. The stockholders of Egani, Inc. are Daniel R. Peralta and Monica Laura Gallo, husband and wife, each a beneficial owner of 65,000,000 million shares of our common stock. Based on the number of our outstanding voting securities as of March 4, 2008, each of Mr. Peralta and Ms. Gallo own beneficially approximately 26.7% of our issued and outstanding shares of common stock. The consideration furnished by Egani, Inc. was comprised of all of the outstanding membership interests of Altony SA and South American Hedge Fund LLC, valued at $2,600,000 based on the market value of 130,000,000 shares of our common stock on March 4, 2008, that we issued to acquire these assets. The sources of funds used by the beneficial owners of Egani, Inc. to acquire control of the Company were personal funds. It is the intention of the two controlling stockholders of Egani, Inc. to designate a majority of our directors. Item 8.01 Other Events. On March 4, 2008, we acquired all of the outstanding ownership interests in Altony SA, which in turn owns all of the outstanding membership interests in South American Hedge Fund LLC, a Delaware limited liability company. South American Hedge Fund LLC is seeking investments in South America. In addition, following this acquisition, management intends that the Company continue to pursue business opportunities in the Middle East related to environmental remediation. SAHF Vancouver, B.C., Indico Resources Ltd. (“Indico”) has entered into a assignment agreement dated November 1, 2007, (the “Agreement”) for a 18% carried interest in two exploitation concessions located in Argentina (the “Concessions”), with Oxipetrol-Petroleros De Occident S.A. (“Oxipetrol”), an Argentinean company with an address of Cerrito 836, Ste, Buenos Aires, and South American Hedge Fund LLC (“SHF”), a Delaware company with an address in 2711 Centerville Road, Suite 400, Wilmington, New Castle, Delaware, 19808, for the purpose of exploring and developing hydrocarbons in exchange for the assuance of 7,000,000 Indico common shares in its capital stock payable to SHF as follows: 1) Indico will issue 1,000,000 common shares by January 1, 2008, subject to TSX Venture Exchange acceptance and 2) Indico will issue the remaining 6,000,000 common shares to SHF the earlier of: (i) all 6,000,000 common shares shall be issued in the event of a commercial oil and gas well being completed and within 60 days of notification by Oxipetrol of such commercial well completion; or (ii) 2,000,000 shares shall be issued for each $7,000,000 of oil and gas exploration expenditures incurred on the Concessions, to a maximum of 6,000,000 shares, (and if an issuance of shares is made under this subparagraph and thereafter a commercial well is drilled on the Concessions, then Indico shall only issue the balance of the 6,000,000 shares which are not yet issued). For further details on Indico, readers are referred to the Canadian regulatory filing on SEDAR. Chart 2007 Annual Report http://pinksheets.com/edgar/GetFilingHtml?FilingID=5865016 Ownership As of April 9, 2008 219,807,273 shares of Common Stock outstanding King Capital Investment Group http://kingcapital.tripod.com
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DLTZ News: Current Report Filing (8-k) 04/09/2018 05:03:46 PM
DLTZ News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 03/29/2018 02:27:47 PM
DLTZ News: Current Report Filing (8-k) 03/23/2018 05:04:07 PM
DLTZ News: Initial Statement of Beneficial Ownership (3) 03/05/2018 03:38:16 PM
DLTZ News: Current Report Filing (8-k) 02/16/2018 02:43:49 PM
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#461  Sticky Note Delta International has submitted a withdrawal/dissolution for their KickolasNage 04/19/18 03:47:40 PM
#379  Sticky Note "DLTZ" IS AN OTC-QB FULLY-REPORTING_AUDITED_"OTC-QB"_COMPANY!!! Rat Fink 04/09/18 09:46:08 PM
#182  Sticky Note *****AG destroys everything they put their dirty little 1vman 03/26/18 12:05:55 PM
#462   Tells me this is the next AG. morongobill 04/19/18 04:25:54 PM
#461   Delta International has submitted a withdrawal/dissolution for their KickolasNage 04/19/18 03:47:40 PM
#460   Big news! https://www.reuters.com/article/us-gw-fda/fda-panel-unanimously-backs- Mike DD 04/19/18 01:25:36 PM
#459   >>>DLTZ MOVED UP HIGHER TODAY AFTER ERBB/DLTZ_DEAL!!!_NOW_UP_"5"_TIMES!!!< Rat Fink 04/19/18 12:14:46 AM
#458   https://www.thebasilelawfirm.com/single-post/2018/02/25/MICROCAP-TRANSFER-A morongobill 04/18/18 09:50:15 AM
#457   Just over $3000 trades today. That Goodtimes93 04/17/18 11:10:17 PM
#456   >>>DLTZ MOVED UP HIGHER TODAY AFTER ERBB/DLTZ_DEAL!!!_NOW_UP_4.5_TIMES!!!<<< Rat Fink 04/17/18 10:11:15 PM
#455   THANK YOU ---LEAVES IT EASIER FOR ME justicewillbesoon 04/17/18 09:01:31 PM
#454   *****Wrong ! ERBB share holders are not just 1vman 04/17/18 08:16:59 PM
#453   IF MORONGOBILL IS RIGHT IN THIS D.D. DEDUCTION justicewillbesoon 04/17/18 08:00:44 PM
#452   Now I am starting to the synergies behind morongobill 04/17/18 05:38:48 PM
#450   *****WHOOPS !!! Won't be low now that AG 1vman 04/17/18 02:13:17 PM
#449   LOST IN THE MJ WEEDS justicewillbesoon 04/17/18 12:00:06 PM
#448   Where's that annual report? KickolasNage 04/17/18 10:42:06 AM
#447   Appears ERBB/DLTZ may have to change their business morongobill 04/17/18 10:23:05 AM
#446   That will bankrupt these two companies as they Goodtimes93 04/17/18 10:18:16 AM
#445   Must have missed the links. morongobill 04/17/18 10:16:38 AM
#444   LOW-FLOAT OTCQB DLTZ! UP "4.25 TIMES"_SINCE_DEAL_WITH_ERBB! Rat Fink 04/16/18 09:19:24 PM
#443   2007 post connecting Pete Jacobs ERBB (SUNNCOMM) and frontloading 04/16/18 08:50:11 PM
#442   Respectfully, that is inaccurate...."NEVER NOW OR IN THE frontloading 04/16/18 08:42:25 PM
#441   *****AG going to dilute this crap all the 1vman 04/16/18 04:31:45 PM
#440   DLTZ, NICE "DLTZ" 6% GAIN TODAY!!! Rat Fink 04/13/18 10:42:59 PM
#439   Okay, this real estate business based out of KickolasNage 04/13/18 02:43:43 PM
#438   THE TWO NEW BOARD MEMBERS THAT BROUGHT THIS justicewillbesoon 04/13/18 02:17:11 PM
#437   Changing businesses, names and locations is part of Goodtimes93 04/13/18 01:57:56 PM
#436   dltz is NO LONGER an oil and gas justicewillbesoon 04/13/18 01:49:12 PM
#435   All I know is that an oil and KickolasNage 04/13/18 12:37:52 PM
#434   watch this thing of beauty surprise everyone and justicewillbesoon 04/13/18 12:30:42 PM
#433   Annual report is out. Looks like it was KickolasNage 04/13/18 12:19:04 PM
#432   DLTZ HAS NO REVENUE Goodtimes93 04/13/18 09:33:31 AM
#431   >>>DLTZ HAS LOW FLOAT 25,443,583 &_LOW_O/S_34,088,826<<<_https://w Rat Fink 04/13/18 07:56:47 AM
#430   HUGE STILL NO REVENUE Goodtimes93 04/13/18 12:47:08 AM
#429   >>>SINCE ERBB/DLTZ DEAL, DLTZ UP_WHOPPING_"4_TIMES"<<< Rat Fink 04/13/18 12:18:41 AM
#427   NIPTON IS THE KEY...............................................................so much more to s Lee6 04/12/18 09:41:19 PM
#426   *****NICE DLTZ RED CLOSE TODAY !!! Words out 1vman 04/12/18 06:51:19 PM
#425   Great News ........this is getting better and better Lee6 04/12/18 02:54:57 PM
#424   WOW-- THANK YOU FOR THE NEW INFORMATION -I justicewillbesoon 04/12/18 10:56:13 AM
#423   OUTSTANDING NEWS!!! ERBB/DLTZ_DEAL_DONE_&_DLTZ_BECOMES_AN_ERBB_SUBSIDIARY! Rat Fink 04/12/18 10:34:51 AM
#422   Wouldn't touch this with a ten foot pole. Pennystomper55 04/12/18 10:23:36 AM
#421   That would be the best move you could Pennystomper55 04/12/18 10:19:15 AM
#420   GEE PENNY- I AM GOING TO SELL ALL justicewillbesoon 04/12/18 10:15:53 AM
#419   Why is the company address a PostNet store? Pennystomper55 04/12/18 10:11:56 AM
#418   >>>SINCE ERBB/DLTZ DEAL, DLTZ UP_WHOPPING_"4.18_TIMES"<<<[/ Rat Fink 04/11/18 10:58:35 PM
#417   $2500 trades today. THAT IS MASSIVELY Goodtimes93 04/11/18 10:46:27 PM
#416   LEE, INVESTORS STILL BUYING "DLTZ"!!! UP 4.5%_TODAY!!! Rat Fink 04/11/18 10:38:33 PM
#415   *****Wrong ! AG is going to dilute the 1vman 04/11/18 07:55:16 PM
#414   This Diamond is ready to POP.......heading NORTH soon....... Lee6 04/11/18 07:39:53 PM
#413   Investors don’t invest in the “sky”. Goodtimes93 04/11/18 11:28:48 AM
#412   HW GOOD IS THIS TIMING FOR PUTTING DLTZ justicewillbesoon 04/11/18 10:54:28 AM
#411   *****Hilarious ! Won't be a low float for 1vman 04/11/18 10:50:42 AM
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