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and based on the details in your post there is no reason we have been trading below .1. Yet here we are today at .012, below a penny is just 3 little hundreds away, while .5 is .488 away.
It's been more than 6 months since the rs, still no news. The bs about doing it to generate more interest at .10 or greater has proven to be just that bs. The longer we get nothing from the company the lower this will go.... unless we get another pump and dump and have some roll in and make a quick 100% while the rest of us keep holding a bag full of worthless stock.
At this point I would be happy to see .2 again so I can get my cash back, but I am under the impression this will be a big tax write off for me next yr.
This is a friggin joke.
Have to tell you john... there is no basis to get this below a penny...
If you look at it...pre split holders are already down very, very big... folks that bought after the split paid any where from .10 to .0121. Who is going to sell for those kinds of losses.. not many..
If they waited to actually dilute... who is going to buy the share at that price... even the most novice investor can see how this has been stagnant for over 2 1/2 months...so are they going to buy it just because its cheap... no way...talk of this going sub penny is simply a scare tactic by some to get shares at a cheap price... wont ever happen IMO
I don't remember a pump last Sept, but I do remember one in Febuary? Not sure what your point is, this is the middle of April, the pump and dump happened and we are now sitting below where it started at..... exactly what is your point?
based on our track record though I hate to agree with him I think Ernest maybe right, and we are more likily to be below a penny before we are at 50 cent.
In all honesty where do you propose anyone would look...under whos name would you suggest we look... since it wont be under Deltron, as they just manufacture it they are not putting the patten out... you give me a valid place to look and I will dig it up..
It will be when someone slaps that ask...
BIG gap between the bid 0.012 and ask 0.05, not good at all.
jmpo
Larrucea needed money for a HAPPY MEAL
Has anyone found the patent or even an application ? By now there should be some evidence of some filing.
Contract is almost 2 years old.
jmpo
could hit .50 very soon... stay tuned ...
Down 40% ... could hit sub-penny soon.
jmo
come on.
lets slap the ask.
just kidding!
dont do that
0.50 would work for me. I'd make a small but reasonable profit
Yea you have to watch out when Pump and Dump.com says a stock is bad... I mean look at their last two break downs SNP*, which has gone from .28 to its current price of $1.80 and prior to that they told us in several emails to stay away from NSR* which when they first alerted it was at .14 and went to $1.64
Fact of the matter is anyone playing penny stocks had better fully understand how to trade them when they run...they are by nature all pump and dumps.... on the last pump was there anyone here who made money on DTRO, I sure as hell hope so, cuz it was a gift... you buy these stocks on the dips and you wait... but then some people go to other boards and while the stock is in the midst of a 233% run they post that its going to crash.... its so easy to see why some make money and others just sit and hope for a juicyyyyyyyyyyyyyyyyyyy pr and go home broke every night.
By a show of hands how many here would love to see a Pump and Dump on this and have it go to just .50 forget the dollar the others have gone to... how does .50 sound to everyone. Pump and Dump.com is run by shorter's and they are posting warnings on stocks for a reason people. I get their emails and I make some nice money off of their warnings.. key is knowing when to get out...
DTRO placed on PUMPs and DUMPs list on, 9/21/2011 and 2/11/2012
Another Reverse Split???
Thats the only way DTRO is going to $10.
jmo
could go to $10 next wk
w a Juiiiiicccccccccccccccccccccccccy pr
#24
LOL
yup
it's the death knell
or am i getting my boards mixed up
Oh its calculated properly alright...but its still not DEBT.. by now.
The Derivative Liability of $7 MILLION is just THAT ... a liability as required by GAAP.
Its properly calculated and on DTRO's financial statement.
Enuff said.
jmo
Have a good weekend everyone and lets see what next week brings us for DTRO...done for the day.
Thats why one needs to learn how to actually read the fins and how to understand them...if you go further into them you will find this:
The increase in net loss of $7,894,159 for the year ended September 30, 2011, compared to the
nine months ended September 30, 2010, was a net result of: an increase in our professional fees, an
increase in gross profit due to efficiencies relating to increased sales, an increase in interest expense due
to the addition of the $3,150,000 note recorded in 2011 and an increase of derivative expense of
$7,159,130 and an impairment charge on the intangible asset of $266,250 in 2011 (this is on page 19)
The Key is do you fully understand how the derivative expense is calculated... and for the last time ITS NOT DEBT as far as accounting is concerned.
WRONG ... here is the Total Liabilities from the Audited Balance Sheet and the link to the Audited Financials filed by DTRO.
The Convertible Note Debt is clearly part of TOTAL LIABILITIES.
lmao
jmo
Total liabilities at 9/30/11 were $12.38 Million.
Current liabilities
Line of credit $ 100,000
Bank overdraft 30,002
Accounts payable 241,929
Accrued expenses 155,925
Income taxes payable - 1,600
Accrued expenses - related parties 329,000
Accrued interest - related parties 111,809
Derivative liability 7,159,130
Convertible notes 3,165,741
Convertible notes - related parties, net of note discount of $79,333 - 96,167
Current portion of long term debt - related party 489,082
Total Current Liabilities 11,782,618
Notes payable - related party, net of current portion 606,028
Total Liabilities 12,388,646
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8338148
I have and no it does not...
LMAO
The Debt is listed as PART of the Total Liabililies on the Audited Financials.
Take a look at the AUDITED Financials and go argue with the Auditor.
lololol
jmo
No it does not ...debt and liabilities are two seperate accounting pieces. If they were not they would not seperate them...they would just list one or the othere.
Debt forms part of liabilities.
Liabilities can be in many forms.
Either way ... its Money that DTRO OWES and its $12.8 MILLION per the Auditor.
jmo
So what... thats not debt... again...thats liabilities
Liabilities are not the same as debt... you may want to do some DD on the subject ...
The Audited Filings from DTRO list the Total Liabilities as being $12.8 Million.
EOM
jmo
You did not read the Fins... since they do list the debt as $4.4 million
I post facts on DTRO while some post opinions that have no factual basis...
Anyone can check what I post...but there is no way to check opinions, except for the fact that they are posting just a verbal opinion... I am fine with holding and waiting...
Sorry ... I Read DTRO's filings .. and posted therefrom.
They are pretty darn clear, having to be GAAP compliant and all.
LMAO
jmo
Latrod, you are correct,ty DTRO is like watching paint dry.
Down more than that, about 90%!
DEBT over 7 million and maybe much much more
jmpo
UN-ANNOUNCED R/S post r/s down more than 80 %
jmpo
What F500 company ? its all imaginary
jmpo
Honestly, I felt DTRO was a scam for quite some time now.
jmpo
DTRO is already Two Months late in filing its Dec/11 10Q.
Probably so broke they can't pay the accountants.
jmo
Total liabilities at 9/30/11 were $12.38 Million.
Nowhere on DTRO's financials does it say Total Debt of $4.4 Million.
The Derivative Liability does inflate Total Liabilities as that is the value of the shares that will be required to pay off the Convertible Loan.
The Derivative Liability has increased even further with the further recent slide in DTRO's PPS.
jmo
Current liabilities
Line of credit $ 100,000
Bank overdraft 30,002
Accounts payable 241,929
Accrued expenses 155,925
Income taxes payable - 1,600
Accrued expenses - related parties 329,000
Accrued interest - related parties 111,809
Derivative liability 7,159,130 -
Convertible notes 3,165,741 -
Convertible notes - related parties, net of note discount of $79,333 - 96,167
Current portion of long term debt - related party 489,082
Total Current Liabilities 11,782,618
Notes payable - related party, net of current portion 606,028
Total Liabilities 12,388,646
I think its also time to extinguish this debt nonsense of $7 or $10 million and label it factual.
DTRO has on its books as of the last filing, Q ending Sept 30 2011 Liabilities of $11.8 million and Total debt of $4.4 million. These figures come from the latest update from Reuters posted on April 6, 2012. This is that section taken from the Reuters report. I am sure there are some here that when it comes to reading a financial report are not up to speed on the difference between Liabilities and Debt... so there may be some DD needed for those folks. If you want to see the full report DD Reuters and anyone can look it up.
Other Current Liabilities, Total 7.2
Total Current Liabilities 11.8
Long Term Debt 0.6
Capital Lease Obligations -- -- --
Total Long Term Debt 0.9 0.8 0.6
Total Debt 4.4
https://www.etrade.wallst.com/v1/common/pdf.asp?reportType=1&wsodIssue=6319284&tiSource=REUTERSGLOBAL&FeedID=696
I agree with you on that one ofspring... the penny market is wound tight, if not for the TOU rule I could list a half dozen stocks that have expolded in the past 2 months on news that much less significant then the naming of a F 500.
And trust me everyone of those stocks has debt that far exceeds the $7 million we showed on our books from the last Q
This is still a good bet in my opinion and as the PPS has dipped I for one have been picking up shares here and there...GLTY
Anything can happen could you imagine it dtro puts out the 500 name iam holding and add while I can...dtro
Just naming the F500 company isn't enough to move this upward.
Larrucea needs to announce positive revenues and decrease the debt drastically.
jmpo
When is/was the year end financial report?
Subpenny if it goes there I will double down look at rfns we already know that dtro can go fast to 4 8 12 real quick.. Anything can happen could you imagine it dtro puts out the 500 name iam holding and add while I can...dtro
Hey Vaas, not since my last post, I'll give it another week or so and call TDG again, last time I called was on the 30th of Mar., I'll post what I find out. GLTY & GLTA
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