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Doesn't look like any of this would effect Deltron or Blu Vu...
Yes.
Look at the blurb above, particularly
Jeffrey Bozanic, Ph.D. Director of Research and Development Blu Vu Deep Oil & Gas Exploration, Inc
Sure we're talking about the same company here?
Deltrons subsidiary is "Blu Vu Life Support Technologies"
Blu Vu named in SEC litigation today (re: Boiler Room/insider enrichment scheme)
http://www.sec.gov/news/press/2012/2012-93.htm
SEC Complaint
http://www.sec.gov/litigation/complaints/2012/comp-pr2012-93.pdf
Defendant Keith Michael Field is a resident of Sherman Oaks, California who works out of his home. During the relevant time period and since 2006, he was Chairman of Mundus Group, Inc. Since 2007, he was the Chairman of Spectrum Acquisition Holdings, Inc. From 2007 to 2009, he was the Chairman of United States Oil and Gas, Inc. and Green Energy Live, Inc. From 2003 to 2006, he was a director of Wyncrest, Inc. He also served as a director of Power Nanotech.
Defendant The Good One, Inc., a Nevada corporation, is a financial consulting company that purports to provide general financial and business advice. Geranio's former wife is The Good One's Director, Secretary and Treasurer.
Defendant Kaleidoscope Real Estate, Inc., a Nevada corporation, is a financial consulting company that purports to provide general financial and business advice. Geranio's girlfriend is the President, Secretary, Director and Treasurer of Kaleidoscope.
http://www.sec.gov/news/press/2012/2012-93.htm
SEC Charges U.S. Perpetrators in $35 Million International Boiler Room Scheme
FOR IMMEDIATE RELEASE
2012-93
Washington, D.C., May 16, 2012 — The Securities and Exchange Commission today charged a Hawaii resident and two firms he used to orchestrate a scheme in which he covertly founded small companies, installed management, and recruited overseas boiler rooms that pressured investors into buying their stock while he pocketed more than $2 million in consulting fees from proceeds of the fraudulent stock sales.
Additional Materials
SEC Complaint
www.sec.gov/litigation/complaints/2012/comp-pr2012-93.pdf
The SEC alleges that Nicholas Louis Geranio worked behind the scenes to create eight U.S.-based companies used to raise money through the sale of Regulation S stock, which is exempt from SEC registration under the securities laws because it is offered solely to investors located outside the United States. Geranio handpicked the management for the companies, primarily Keith Michael Field of Sherman Oaks, Calif., who served as an officer, director, or investor relations representative for each company and also is charged in the SEC’s complaint. Geranio then set up consulting arrangements through his firms — The Good One Inc. and Kaleidoscope Real Estate Inc. — so he could instruct management on how to run the companies and raise money offshore. Geranio extracted consulting fees from the companies, which generally had few or no employees, little or no office space, and no sales or customers.
The SEC alleges that Field drafted misleading business plans, marketing materials, and website information about the companies that were provided to investors as part of fraudulent solicitation efforts by teams of telemarketers operating in boiler rooms that Geranio recruited primarily in Spain. The boiler rooms used high-pressure sales tactics and false statements about the companies to raise more than $35 million from investors. Meanwhile, Geranio instructed Field and others to buy and sell shares in some of the companies to create an illusion of trading activity and manipulate upwards the price of the publicly-traded stock.
“Geranio covertly set up companies and manipulated the market for their stock to profit from aggressive offshore boiler room activity,” said Stephen L. Cohen, Associate Director in the SEC’s Division of Enforcement. “Geranio pulled the strings while Field scripted the show for the boiler rooms to bring a payday to everyone but the investors.”
According to the SEC’s complaint filed in the U.S. District Court for the Central District of California, Geranio was the subject of a previous SEC enforcement action in 2000. In his latest misconduct, he concealed his role from investors and the public at all times by acting through The Good One and Kaleidoscope. The scheme lasted from April 2007 to September 2009. Geranio began by locating and acquiring shell companies to create the issuers used in the scheme: Blu Vu Deep Oil & Gas Exploration Inc., Green Energy Live Inc., Microresearch Corp., Mundus Group Inc., Power Nanotech Inc., Spectrum Acquisition Holdings Inc., United States Oil & Gas Corp., and Wyncrest Group Inc. Geranio then appointed management for these companies, in some cases turning to business associates, friends, or others. For example, the former CEO of Blu Vu was someone Geranio met while kite surfing in Malibu.
According to the SEC’s complaint, Geranio worked behind the scenes to keep the companies’ publicly-traded shares trading at prices conducive to the boiler room sales. He did this by directing Field, personal friends, and others to open accounts and buy or sell shares in at least five of the companies as part of matched orders and manipulative trades that created the false impression of active trading and market value in these stocks. The manipulative trades allowed the boiler rooms to sell the Regulation S shares to overseas investors at higher prices.
The SEC alleges that boiler room representatives recruited by Geranio induced investors by using aggressive techniques consistent with boiler room activity. For instance, they promised immediate and substantial investment returns, convinced investors that they needed to purchase the shares immediately or miss the grand opportunity altogether, and threatened legal action if an investor did not agree to purchase shares that the representatives believed the investor had already agreed to purchase. The boiler rooms also used “advance fee” solicitations, telling investors that only if they purchased shares in one of these companies would the boiler room agree to sell their other shares. Many of the investors were elderly and living in the United Kingdom.
According to the SEC’s complaint, investors were directed to pay for their Regulation S stock by sending money to U.S.-based escrow agents. As arranged by Geranio, the escrow agents paid 60 to 75 percent of the approximately $35 million raised from investors to the boiler rooms as their sales markups, kept 2.5 percent as their own fee, and paid the remaining proceeds back to the companies that Geranio created. The companies (or in some cases the escrow agents) then funneled approximately $2.135 million of the proceeds back to Geranio through The Good One and Kaleidoscope in the form of consulting fees, and paid Field approximately $279,000.
The SEC alleges that Geranio also assisted in diverting $240,000 in investor funds toward an undisclosed down payment on a property to start a Hawaiian wedding planning company.
The SEC’s complaint alleges that Geranio, Field, The Good One and Kaleidoscope violated Sections 17(a)(1) and (3) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5(a) and (c) thereunder. The complaint alleges that Field also violated Section 17(a)(2) of the Securities Act and aided and abetted the companies’ violations of Section 10(b) of the Exchange Act and Rule 10b-5(b) thereunder, and Geranio is liable as a control person of The Good One and Kaleidoscope under Exchange Act Section 20(a). The SEC is seeking financial penalties, disgorgement of ill-gotten gains plus prejudgment interest, penny stock bars, and permanent injunctions against all of the defendants, as well as officer and director bars against Geranio and Field. The complaint seeks disgorgement and prejudgment interest against relief defendant BWRE Hawaii LLC based on its alleged receipt of investor funds.
The SEC's investigation, which is continuing, has been conducted by Ricky Sachar, Carolyn Kurr, and Wendy Kong under the supervision of Josh Felker with assistance from Jim Daly in the Office of International Affairs. Richard Simpson will lead the litigation. The SEC acknowledges the assistance of the City of London Police, Macedonian Securities and Exchange Commission, Macedonian Public Prosecutor, Lithuanian Securities Commission, Australian Securities and Investments Commission, Comision Nacional del Mercado de Valores (Spain), and Financial Market Supervisory Authority (Switzerland).
# # #
More information about boiler room schemes: http://www.sec.gov/investor/pubs/coldcall.htm and http://www.sec.gov/investor/pubs/worthless.htm
SEC PAUSE list of unregistered soliciting entities that have been the subject of investor complaints: http://www.sec.gov/investor/oiepauselist.htm
http://www.sec.gov/news/press/2012/2012-93.htm
SEC Microcap Fraud-Fighting Initiative Expels 379
Dormant Shell Companies to Protect Investors From Potential Scams
Massive Trading Suspension Is Largest in Agency History
FOR IMMEDIATE RELEASE
2012-91
Washington, D.C., May 14, 2012 — The Securities and Exchange Commission today suspended trading in the securities of 379 dormant companies before they could be hijacked by fraudsters and used to harm investors through reverse mergers or pump-and-dump schemes. The trading suspension marks the most companies ever suspended in a single day by the agency as it ramps up its crackdown against fraud involving microcap shell companies that are dormant and delinquent in their public disclosures.
link: insert-text-here
Thats not the Chill list, nevertheless DTRO isn't included.
KS
There goes half my portfolio! LOL
DTRO is not on the list...Talk about cleaning up pinkyland...lol
SEC Microcap Fraud-Fighting Initiative Expels 379 Dormant Shell Companies to Protect Investors From Potential Scams
Massive Trading Suspension Is Largest in Agency History
FOR IMMEDIATE RELEASE
2012-91
Washington, D.C., May 14, 2012 — The Securities and Exchange Commission today suspended trading in the securities of 379 dormant companies before they could be hijacked by fraudsters and used to harm investors through reverse mergers or pump-and-dump schemes. The trading suspension marks the most companies ever suspended in a single day by the agency as it ramps up its crackdown against fraud involving microcap shell companies that are dormant and delinquent in their public disclosures.
If silence is golden, how come we're not rich yet? Geeezzzzz
Can't remember if it was GE or 3M but saw a patent in my last fall F5 DD searce, it was advertizing signage with LEDS and polyurathan. Flexability and durability.
Dang, this stock is heavily gapped.
Thanks TJG,
As I mentioned on my other post to Vass, I'm just trying to averaging down. My share price was at 61 cent after the RS. Still sitting at 8 cents, but it looks better than 61cents.
Just want to thank you for all your DD. Been following this board over years now.
I'm still here an staying...at least till the price goes way up.
When companys dilute it costs them a chunk in commissions...there is no way they would be diluting at this small share number... IMO wouldn't be any money to be made in doing so...
My guess is it would be some holders who just want out after the RS from Oct and just want to get the hell out.
Nothing happens until something gets sold. Even with a 3M agreement in place, something has to get sold before it affects anything. No sales and the agreement is worthless, except for a limited information PR that might encourage you to buy stock based on future hope of sales. (Oh, oh, shoot me now!!! I almost sounded like BF) ROFLMAO
(and now the proper disclaimer) JMPO
It is Friday, time to OD on my favorite drug, Mountain Dew.
Who is selling at $.017? The MM's have to get the shares from somewhere. Can't tell if DTRO is diluting again because there are no current Q's to give us a hint. With the low volume it seems unlikely, other than that razzle dazzle escapade we had a couple of months ago.
I predict DEBT is over 10 million and counting.
jmpo
All of my buys in the past 2 or 2 1/2 months have been at the BID .... if patient they will fill your order... I have also learned that its best to put in AON or they will partially fill ya and then let the rest sit and you end up paying commission twice if you follow back up the next day.
PPS is down again. DTRO has gone Dark. Will Monday bring Two Q's that DTRO is late on??
jmo
I also bought in at 0.17 as well, but only 900. I was seeing if the MMs would bite and they did
You r getting some nice buys in recently...Spec buys or new DD you can share?
Yes, that was me.
Thanks for the continued follow up... if 3M was the F500 then what you say is most likely ture... so all we can do is wait and see if the company ever communicates with us shareholders again.
Would be nice to know what is going on....
I found out the Thin Flex Lighting and the 3M tape lights have been discontinued. They never got a chance to take off. The Precision Lighting Elements is what we are looking at. PLE is basically just decorative, so it will likely only be in the upper scale vehicles that can justify the additional cost.
Unfortunately this leads me to believe this is going to be a hard sell with a slim chance of offering any real profitability to Elasco/ Deltron.
Lets see the Bid is .014 and the Ask is .03
MM filled a buy inbetween the BID and ASK for .017 again... some sudden interest here....
my bad. my question was not clear. what i mean was
did some one from this board buy those shares
did some one buy those 11k shares for 0.017???
Here is a little more market information regarding products like the 3M Precision Lighting Elements:
http://media.ford.com/article_display.cfm?article_id=33538
http://www.dailytech.com/Fords+New+Fusion+Ditches+Interior+Incandescent+Bulbs+Goes+All+LED/article24080.htm
Looks like 3M may be a little behind the curve.
Mercedes - The high-quality impression is reinforced at night by the ambient lighting which is available in the Light and Sight package. A fibre-optic cable in the bottom edge of the trim diffuses gentle amber light. The scope of the ambient lighting also includes the front footwell lighting and the illuminated handle recesses on all doors. http://www.emercedesbenz.com/autos/mercedes-benz/b-class/2012-mercedes-benz-b-class-interior-design/
Please buy. Great value at discounted prices. BUY
Nice job PoorBoy2... I also think your correct on the fact that the product(s) them selves need to be sold into manufacturing by 3M before Elasco can reap the benefits of making them.
Maybe I will grab a few more shares today... take some of my profit from some wine I invested in a few weeks back and flipped out of and put it here today... Just wish this company had a better person at the helm when it come to shareholders, and doing the things a public company needs to do.
Then why is Larrucea in default on the annual filing fees and late on both 12/2011 and 3/2012 financials ?
Also NO up dates on anything ? not even attempt to protect the pps.
Maybe his plans don't include shareholders ?
JMPO
Just wanted to see were that goes in the next few days. LOL
Ha Ha... no he is alive... not sure if he is kicking or just sitting in his chair staring out the window... but he is alive.
I'm a mechanic and work on the new stuff all the time. Interior,tail lights and now Audi has headlights all LED. All the marker and tail lights on new big trucks and trailers are LED also. Going to be a huge market very soon!
Has anyone checked the obits maybe Henry died. JMO
Looks like I stired something up! Someones buying.
Just revisited this Federal Mogul article:
http://www.annarbor.com/business-review/federal-mogul-ann-arbor-technical-center-unveils-revolutionary-automobile-technology/
Looks/sounds the same as the 3M Precision Lighting Elements. If it is not the same, it sounds like there will be some stiff competition for a large new market. How large? I found an article from 9/30/2008 saying "Currently LEDs constitutes 28 percent of overall global automotive lighting market with revenues of $720 million. Driven by more efficient technologies the overall LED market is anticipated to grow."
http://www.frost.com/prod/servlet/market-insight-top.pag?docid=145212408
Since I am pretty well assured the F500 co. is 3M, I did a little digging for new products that make sense. Here is what I came up with: http://multimedia.3m.com/mws/mediawebserver?mwsId=66666UuZjcFSLXTtOxfX5xM6EVuQEcuZgVs6EVs6E666666--&fn=Light%20Managment%20Brochure.pdf
http://www.flexiblelightingsolutions.com/files/docs/Web%20Docs/3M/3M%20TFL%20Module%20Installation%20Guide.pdf
http://3mcollision.com/media/documents/brochure/LED_Standard-DeluxeKit.pdf
Both the Thin Flex Lighting and the Precision Lighting Elements make sense. The Precision Lighting Elements are made of polyurethane in the US.
Even if Elasco is making this, there is probably not much volume yet. If/when 3M gets this specified with a major auto maker, then we will probably see some changes in numbers for Elasco.
Share price is up again today. Better short DTRO real quick before the MM's get their 100 share order in for $.02 or less.
There were Fins due for period ending Dec 31 and the ones for March 31 are going to be past due shortly as well..
Yea we do indeed need some type of news to hit...
Hey TJG, well I did end the statement with JMPO! LOL
We need a PR so bad...even if neutral and/or fluffy, it might get this puppy moving again. Are we due some quarterly financials?
Why thats just pure speculation on your part PaperLion... but I like it LOL LOL
I say neither...so there JMPO.
I say neither...so there JMPO.
Oh well my mistake.. I did not realize your claim of BK was not speculation but was indeed fact... now that you have cleard that up for everyone we can concentrate on the BK that is coming that you say is fact...
Now if you can just put up the BK filing we can all read it.. and while your at it, can you put the link up that shows how much they debt has grown...since its been stated it was higher then $7,000,000 and if stated it must be fact, cuz there is no speculation in your posts, which we are all grateful for.... TIA
For reference:
bigfoot422
Share
Thursday, May 10, 2012 11:43:09 AM
Re: None
Post # of 13160
Vaas its all speculation. Some say bankruptcy while one claims a buy out.
Your guess is as good as mind right now but I smell something rotten in Demmark.
I see you have selective memeory. Also I'm sick and tired of doing your DD.
If you check your own messages you'll find it.
Like I stated it's ALL just SPECULATION. Speculation which you are great for,lol
Please read what's written not what you perceive it to read.
jmpo
Can you post the message where someone has said a buy out will be happening, I would like to find out what this person knows about a buy out... I cant find it..and your DD skills exceed mine so a little help please..thanks.
Oh and if you could post the other posts on who the some are that say BK because I can only find two people who have posted that... thanks
Vaas its all speculation. Some say bankruptcy while one claims a buy out.
Your guess is as good as mind right now but I smell something rotten in Demmark.
jmpo
Thanks for the reply.
please do wake me up :)
GLTA
Just one side debating the other...nothing has been done to indicate they are going into BK...other then a few who continue to bring it up....
Go back to sleep..we will wake you when news hits... (thats a joke Vaas)
whats going on.
all of a sudden everyone is talking about bankruptcy...
anything fishy
not a problem, if the number would have been active I would probably drive by there today, but since it isn't active it makes me question whether or not there is still a business there.
I hate driving in Seattle, and go there as little as possible. Especially the Lake Union area where it seems that is. Lot of traffic in that area all day long, and parking is a pain as well.
It would have been nice to talk to someone face to face associated with Blu Vu or Deltron to ask what the F is going on.
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