Deltron Inc (DTRO)

[Vaas]

so whats next. new management, not sure about IR. did they hire one

in any case, we are not going any where for a while or forever

[Zack 717]

Previous conversation with latrod

[TJG]

Zack what sticky are you refering to...does it concern Deltron...thanks

[TJG]

As I said in the second post of the day..which I think is far to difficult for some to go back that far... I think Earnest DD is right about the possibility of BK happening... since all actual DD on the negative side of DTRO was done by Earnest and only repeated by other(s) I will give him the credit for calling Deltrons problems...

But I still maintain that there can still be an empty shell for this to have a new company moved into... or to keep Elasco and have Blu Vu sold off. All of the debt from Deltron comes from Blu Vu... but Blu Vu also holds a few very good patents for some of their product...there is value in selling it, to say Titan and then having the new CEO move Elasco forward... that is truly the only hope for us...

If they plan on moving this forward by getting involved with more VC financing all it will mean is dilution and a retreat to sub penny while they try and pay off the debt.... My DD tells me its the other way and I did in fact by the only shares that were sold today...so as folks bale I will grab their shares... GLTA (the iggy button is the best button around)

[latrod]

Thanks man, will do!

[Zack 717]

Movers and shakers, make or break in a short time frame. You need to check out where Iv'e been at. Seriously! Check my sticky

[Zack 717]

Did some quick DD on the new boss's, all I can say is wait for the wave and ride till your ready to bail. Good luck to all here, even you BF and DD.

[GREGG THE GREEK]

Deltron, Inc. Announces New Management
Date : 05/21/2012 @ 12:23PM
Source : MarketWire
Stock : Deltron (DTRO)
Quote : 0.0013 0.0 (0.00%) @ 5:04PM



Deltron, Inc. Announces New Management
Print

Deltron, Inc. (OTCBB: DTRO): On March 29, 2012, the Board of Directors accepted the resignation of President /CEO, Henry Larrucea. He we will remain either as a director or consultant to the Company. Recently, Mr. Larrucea has experienced some issues with family matters which necessitate that he step down from the day-to-day management of the Company. Mr. Larrucea is succeeded by Stephen Vlahos who will in addition to the duties of President/CEO serve as Chairman of the Board of Directors and will stand for election at the next shareholders' meeting.
Mr. Vlahos is 61 years old, has extensive managerial experience in the restructuring of distressed businesses. He has over thirty (30) years' experience in the financial and securities industries. He serves on the Board of Directors of several public companies. Mr. Vlahos was graduated from Pace College, NY, with a Bachelor's Degree in Business Administration. He has been the President/ Portfolio Manager of Performance Plus Advisors, Inc., a consulting and money management firm specializing in bankruptcies and distressed debt.
Mr. Vlahos was also a Managing Director of Investments for Bishop Rosen & Co., in New York and held a similar position at Spencer Clark LLC.
Additionally, Christopher Kelleher resigned from the Board of Directors. The vacancy caused by his resignation is being filled by Kevin Jasper. Mr. Jasper is the President and Chairman of Insight Management Corporation (PINKSHEETS: ISIM) and has spent most of his career in the private sector as a CEO and Director for small corporations in the commercial recording industry, real estate industry and international entertainment distribution industry. Mr. Jasper will serve in this capacity for the remainder of Mr. Kelleher's term of office.




guess no more JUIICCCCCCCY prs from Laruccea

and now

you have to deal w another Greek LMAO


and i bet most of you, none of you know what vlahos means in Greek LOL

his last name means HILLBILLY LMFAO

[TJG]

None.... being a public company that cant happen, and Kaleidoscope has nothing to do with this new guy...who by the way came to the board of directors of Wyncrest after 2009 which is after the shady business took place...

This new CEO is no way associated with the SEC investigation.... lets stop and ask some questions for a sec. Would a group of people who are being investigated by the SEC have the nuts to simply come in and take over a company that is mentioned in the report as being part of the investigation from 2007 to 2009... thats not very likly if you think about it...

[bigfoot422]

I don't see anything good coming from this but more FACTS on Larrucea being involved in the scam.

Now, on everyone's mind is, was the F500 contract a scam too, orchestrated by Larrucea.

If Larrucea was an innocent bystander, he would have made a personal announcement of his bad decision making with kalidescope.

jmpo

[latrod]

Yeah, thanks for that BF! I think it may be all she wrote from here on out! But maybe they will pump the crap out of this thing one day! Who knows? Got a sell order in for$. 18! LOL

[PoorBoy2]

What are the chances this is a hostile takeover? Larrucea being forced out by the one they owe the most to, Kaleidoscope?

[bigfoot422]

Latrod, out of ALL the posters I feel truly bad for you.

You came on to be honest and sincere about your DD.

I be;ieve it'll get worse from here for shareholders.

jmpo

[bigfoot422]

Oh boy , gheez what a shock to the SPECULATORS, no shock to me.

This is far from over about Larrucea.

Next will be the FACTS on that contract with a NAMELESS F500 company.

Larrucea had a good game going till he got GREEDY and was caught.

jmpo

[Pipa]

Yep...Were dead.

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.

[EMPATHY]

Stephen Vlahos is on the BOD of Wyncrest Group.

Aren't they named in the SEC complaint?

More rotten stuff to follow,imo.

[TJG]

No one would love that more then me... but any new investors reading that PR...why would they invest... there is nothing in it that says...come grab some...good things are about to happen... on the contrary, all it says is we are here to help with this mess that Deltron is in...its what we do...its our speciality...

What we need is a quick follow up PR on what the plan is...now that we know who is not doing the planning, and that is very good news... As you may recall I have been saying for some time that we needed a new CEO, one with experience in running a public company...we have now gotten that... so lets see what he has in store for us... and lets see it quickly, not in another 6 months....

[TJG]

Key in what you said was "company's" we have one plant and one plant only... so again it seems odd to have the management in one place and the product being produced in another... means you put a lot of trust in the folks running that plant...and if your destressed financially, you sure as hell want to make sure each and every penny is well spent and waste is at a very minimum...

Seems to me that there is a lot more to come...only "what's coming next" is now going to be the question we all have to ask...

[PaperLion]

Maybe if we get a little upward price movement the activity on this board will also increase.

[PaperLion]

I'm looking at this on the bright side...can't be much worse than what we have gone thru for months! Although on a much different scale, the company I retired from had manuf plants from East Coast to West Coast but none in Denver where our WHQ is located.

[TJG]

Well I must say I am somewhat amazed... we have had no news for 6 months... lots of complaints on everything you can think of about this company... lots of wishing for this, that, and the other thing... then we get news and only 6 posts (counting this one) and 4 of them are from ME... hahahahaah

[TJG]

In my opinion we cant consider it anything but just an update... we dont know what they plan on doing with the company...we dont know how bad the debt is, but they say this guy is a guy who works with debt stressed companys and companys that are or have been or may be going into BK..

We are pretty much stuck in the wait and see what they tell us mode... one thing that seems odd... the management of this company is now in Florida...while the only money making part of it is in Garden Grove California... Elasco.... why would you have a company that is in trouble being run by people who are 3,000 miles away... one reason is, maybe they are selling the assets and keeping the shell... who knows, they did not really tell us much in the PR...only a bio on the new people and that Henry is packing for parts unknown...

[Vaas]

can we consider this as a good news??

[TJG]

Deltron NEWS out.... CEO steps down new management in place.

http://ih.advfn.com/p.php?pid=nmona&article=52498104&symbol=DTRO

[TJG]

Going to have to say I was wrong and E.DD was right on the face of it... DTRO could be headed for BK or its just that they are in such shape that they need a guy who is specializes in destressed and near or in BK companies...

Could be a long haul before we see anything positive... I still think they will spin Blu Vu off...most likely to ISMI and keep Elasco, the profitble one on board... only time will tell now.

[havocjohn]

Well, at least we know they are still a company. I haven't checked out the names yet, but I am a little more hopeful that we will eventually turn around:

http://finance.yahoo.com/news/deltron-inc-announces-management-162300441.html

[Zack 717]

Had th same thing in a nat gas got cleared and shot 200% and the pps traded from that level till they merged with another company. It's penny land.

[Zack 717]

Agree

[bigfoot422]

Don't hold your breath waiting for a statement from Larrucea or anyone else concerning the investigation.

Blu VU being a shell company says it all plus Kalidescope oh boy.

jmpo

[TJG]

I have sent a request to Henry via email to do just that.... so far no response or no PR issued...

[EarnestDD]

Agreed ... DTRO should be issuing a PR soon and distancing themselves from the prior principals mis-deeds.
If DTRO does not do that ... DTRO is in trouble.
jmo

lets see what happens now that the cat is out of the bag.... See if the company makes a statement or not... if they dont, then I would say we are in trouble... if they do then we can maybe finally begin to move forward again.

[PaperLion]

I know...so far, so good.

[TJG]

Yet Deltron has not been suspended... and most likely wont be or it would have been... the way I read the complaint the on going portion of the investigation is to continue to find victims

[PaperLion]

How could this be a good thing if there are any ties to Deltron? I have another stock that was suspended by the SEC for illegal acts by former management of the shell (totally unrelated to the present business plan) and the stock now trades on the gray sheets and the pps has dropped 80%!

[PaperLion]

2007 to SEP 2009

[TJG]

Also one more thing... if Henery was part of this and if Deltron was under investigation for being a party to it.... then its a pretty safe bet that the SEC would have halted trading on DTRO...it has not, so its safe to say, this will not effect us in the short or long run...

If they do halt it...then as BF would say... Grab you hard hats and head for cover.... LOL LOL

http://www.otcmarkets.com/otc-pink/marketActivity/suspended-symbols

[havocjohn]

Just got done reading the latest posts and all I can say is ouch!

Granted it's before DTRO became involved with blu vul but damn this pos just keeps getting worse and worse, and still no word from the company, what a friggin joke!

Bend over folks and plant a big old kiss on your rear end, cause the company aint going to give you one as we continue to be screwed!

[TJG]

Also this may be the answer we have all been looking for.... this investigation has been going on for sometime... prior to the SEC filing the complaint...

It could very well be that the SEC had gone to Deltron and Henery and told them they were investigating and they needed his help...company could have gone dark so as part of the investigatioin process... lets see what happens now that the cat is out of the bag.... See if the company makes a statement or not... if they dont, then I would say we are in trouble... if they do then we can maybe finally begin to move forward again.

[TJG]

What Bruce said is key ... the mention of Blu Vu was for activities that took place from 2007 to 2009... prior to Deltron buying Blu Vu...they talk about it (Blu Vu) when it was a shell company...

It appears when you read it that the only thing the the current Bul Vu has done wrong is to have assoicated with an undesirable in the guy who is actually the focus of the investigation... Nicholas Louis Geranio...

It also does not mention any other indivuduals who are part of the investigation...says here he met the former CEO of Blu Vu while on a kite surfing tirp. So it appears to me that good ole Henery was duped... as I have said for months...good company stupid CEO:

From the Complaint:
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.

[latrod]

I didn't mean new PR person, Elaine is who I talked to at TDG about the BOV, not a rebreather! BF I haven't heard anything about a rebreather since a long time ago!

[Zack 717]

This maybe a good thing if PR taken over by someone else, remember Elasco still profitable.

[latrod]

Elaine: Call and tell them you would like to purchase yhe blu vu BOV

[Zack 717]

If Blu Vu a fake who has latrod been talking to at Titan?

[brusmith]

When are they saying this all took place?? Deltron didn't acquire Blu Vu until 2010.

[bigfoot422]

If Blu Vu was a shell company, did or does the " rebreather " exist ? or was it part of the scam.

[bigfoot422]

TJG and EarnestDD what's your take on the latest news about Blu Vu ?

[bigfoot422]

OH HENRY OH HENRY, I believe we were ALL screwed by OH HENRY.

jmpo

[EMPATHY]

This could be ugly:

Henry's video

Note the pilot is called "Nick".

Ugh...

It appears Henry was taken for a ride by Geranio(word-play intentional) and maybe Jeffrey Bozanic as well,meaning Henry will be suing for damages in relation to this fraud.

or...

Henry is part of the scam and profited somehow for providing cover for Geranio's scam.Which,of course,be the end of us all...



The former seems more logical to me for the following resons:
-Henry is Elasco(since 1979,no less).He wrecks that,he wrecks himself.
-He may have bought Blu Vu thinking it was a legitimate expansion of his busineses.

This seems to explain the sudden silence from Deltron and it's struggle to stay afloat amid all this stuff going on behind the scenes:how do you tell your shareholders you've been scammed?
You can't.

IMHO

[PoorBoy2]

For those that did not read the article themselves, Blu Vu was listed as one of the shell companies used by Nicholas Louis Geranio for an alleged fraud scheme. When I said named, I did not mean that they are currently a party to the suit. They are mentioned in it as a vehicle for the fraud (the way I interpret it). Please read it for yourself.

[Pipa]

"Blu Vu is now named in an SEC lawsuit as a shell company used by Nicholas Louis Geranio (the main person behind Kaleidescope) to bilk investors."

Are you saying that Blu Vu is a defendant in this SEC lawsuit,
or that Blu Vu was mentioned...Big Difference