Deltron Inc (DTRO)

[EarnestDD]

And still no PR on DRTO???

Whats the excuse now??
jmo

[Vaas]

along with IR, CEO should also go home.

IMO

[GREGG THE GREEK]

that's a JUICCCCCY post there bro

good info to know

[Vaas]

agreed with u partially.
we cant just blame James for the lack of PR's. he is just a mediator between ceo and investors. what can he do when he dont receive news from ceo

but James does not deserve to be IR of any company. he has poor knowledge

[bigfoot422]

The only positive thing Larrucea has done since 2010 was getting rid of Crimi. if it's true

There has not been anything concrete with DTRO.

Look forward to a tax write for 2012.

jmpo

[TJG]

Thanks latrod... your follow up with this is very much apprecieated by many of us... our time is coming here...patients is difficult, but it will pay off in the long run... have a good weekend.

[latrod]

Called TDG and found out that they have made a small change to the BOV, so they are retesting the BOV to make sure that it is totally safe when the BOV hits the market as an add on for TDG's CCR's, Elaine said it is taking longer than expected to get the BOV to market because of the change!

[TJG]

Guys I to used to live in So Cal... grew up there and left when I was 40. I have however had two old frinds go to the Elasco building and check to see if it was and is real.

It is, my one friend filled out an application to work there...He did not need a job but wanted to look in side... they took it and told him if anything opened up they would call him.

He said it was an active manufacturing place and there was a lot of activity...now mind you this was over 6 months ago... I even posted it when it happened, so if anyone wants to thumb thru my old posts you can find it... If I had any doubts that they were not still very active I would call and have him make another run out there... but the fact that the last 10Q said they employed over 40 full time employees tells me they are doing fine, despite the constant rhetoric here about them going under and having soooo much debt et. et.

[Zack 717]

Just have to belive!

[GREGG THE GREEK]

soon as i sell my place, if i sell it, if not won't be working the way i am now

but i'll be looking for a other projects

writing a book is high on that list

always wanted to do that

believe i have the ability to do so

gltu

[Zack 717]

Just like to see if they are real. First Solar looked awesome online and everywhere I did DD. Thanks to my daily routine of Googling the companies I own got out with a minor lose before bad news hit market wide. Stick to that routine now religilously.

[PoorBoy2]

Sounds like you have an interesting idea, though making it profitable will definitely be a challenge at first. Checking out Elasco (DTRO) would be good, but I am not sure how much 'financial' information you could glean from your trip.

By the way, I grew up near that area. Please be advised that we used to lovingly call it 'Garbage Grove' because it was one of the less desirable places in Orange County. While you are there spending loads of money, you can visit Knott's Berry Farm, Disneyland, Universal Studios, The Queen Mary (out by Long Beach), Catalina Island, and a whole lot more. I used to go to Newport Beach and Balboa quite a bit. Balboa has a little arcade and some neat shops and a car ferry. It is fun to go there at night and use the pits for a bonfire. Across the bay Corona Del Mar is a nice beach too. It tends to have some nice shells. I think California is a great place to visit, but I don't want to live there.

[Zack 717]

All depends where solos goes! Not in deep but @ a 1.00 will be golden.

[GREGG THE GREEK]

interesting idea Zack

things are looking up big time for me

maybe we can look at putting something together

how cool would that be, charge a small fee for covering costs and look out for the little guy

i have a lot going on, but might be able to call it quits here soon

45th birthday next month

i'd like to be done by 45 and a few months LOL

might just happen

anyway, hold that thought, u may be onto something my friend

[latrod]

That might be a good idea! Could be a second vacation, and check out Deltron! I've never been to CA, been to Mexico and Alaska, and several places in between!

[TJG]

I am saying that am I.... where am I saying that the debt is more then they can handle... show me, cuz I never said that...your very good at putting a sideways spinn on what I seem to have said.

Just for clarification I said they may be choosing not to pay a $5000.00 bill on something they do not need to pay at this time. Being current with the State of Nevada has no impact on how the company is run or on how they do business. Being current or not current is mostly just fodder for message board people...

[bigfoot422]

These are simple things to change as far as why you think the chill oreder was placed on DTRO.

Let's be honest what investor would buy into a company that has a debt that is climbing and can't afford to pay the annual filing fees.

A company who's over 7 million dollar in debt whhat'a another 5000.00 dollars. After all they got rid of Crimi and that expense.
jmpo

[bigfoot422]

What you are saying is the DEBT is more than the company can handle which to me means its not headed in the right direction.

It doesn't look good at ALL and no new monies will be pumped into a company thats drowning debt as DTRO.

It's alot of debt to overcome and maybe much much more since lat 10q.
jmpo

[TJG]

I would say you are correct with both issues...

[latrod]

I'm sure money is an issue with the State of Nevada fees, I believe another issue that ties in with a chill, is a list of BOD to report, more than 2, and the current SS also. If I am wrong, please correct me if I am.

[TJG]

Here try this...maybe you can get a hold of why he is in default if you try and put it in terms that relate to anyone on the planet.

Your a person or company that is strapped for cash...that much is a given if you READ the 10Q... and you have a bill, its a $5000.00 plus bill you owe...but the people you owe it to tell you...look nothing will happen to you for not paying it and you have a full year to do so...

Now suppose thats you are you going to pay all your other bills and wait to pay that one or are you going to run right out there, take Five Grand and pay the one you dont have to.

You see nothing happens to him or his company by not paying that filing fee... how can that be so hard for some to understand...

[bigfoot422]

Only time will tell if Larrucea did anything illegal or not. For now as far as I'm concerned all those pr's Larrucea released are no more than fluff pr's cuz NOT one of them came to be reality.

Also it makes me wonder why Larrucea is in DEFAULT on paying the annual filing fees.

jmpo

[ofspring]

SEC Orders DTC to Adopt Fairness Procedures on Suspensions


By David Feldman at 19 March, 2012, 9:26 am

Last Thursday, the SEC ruled In the Matter of the Application of International Power Group, Ltd. for review of action taken by Depository Trust Company or DTC. When the SEC started a case alleging, among other things, sales of unregistered securities by IPG (but neither IPG nor its officers or directors were named), the DTC suspended its electronic trading capability. Two years later the SEC has now ruled.

Essentially, the SEC ruled that IPG is a “person” entitled to a fair and orderly procedure, including a hearing and the opportunity to appeal the matter to the SEC, with respect to the suspension. DTC tried to argue that IPG, since it is not a broker-dealer “participant,” was not a “person.” They also ruled that DTC “did not provide IPG with adequate fair procedure in connection with the suspension.”

More importantly, the Commission also directed DTC to “adopt procedures that accord with the fairness requirements of [the Securities Exchange Act] , which may be applied uniformly in any future such issuer cases.”

This ruling is good news for issuers facing a so-called DTC “chill.” It is now clear they have standing to insist on a proper and fair hearing, and the chance to appeal to the SEC if they are not satisfied.

Categories : SEC

[TJG]

I agree Zack... I still have a lot of faith in the company's business... but I have no faith in the CEO and have not as I have said before... but I only have no faith in him as a leard for a public company... he is a good business man and has built this company.

[Zack 717]

Haven't said much lately but still around. IMO I think the chill caught them off guard and they are trying to regroup. Still belive in the company and I think alot of people here forget that Elasco was making money. And really who do you think will mold the casings for the BOV? It will be a win win. Everyone just keep the faith.

[TJG]

My only comment would be is there is nothing to actually follow up with...but its customary for a CEO to give a shareholder update...in which he would tell us that they have continued to either move forward at a slower then anticipated pace with the F500 project and that there are deals in the works for Blu Vu, but not yet finalized.

This CEO now chooses to not do that and instead it appears he will wait until he has actual news to report. A follow up on the DTCC chill would also seem warranted, but its not legally required. All of the current info we have has been brought to us by board members who have contacted Titan in regards to the BOV from Blu Vu. We also have some who have followed up on the Chill from he DTCC...but the company has not. Again at best our CEO is lacking in fulfilling his fiduciary duties, but IMO he has done nothing criminal

[PoorBoy2]

The lack of providing appropriate follow up information can be a deliberate act of deception and cause for legal action. It is not quite the same, but the First Solar fiasco and lawsuit seem similar in some respects to me.
IMO

[TJG]

Problem you have is the word deliberately... I dont think he has...if you look at the PR's that were released they all follow the rules of disclosure...they state what is forward looking and what is not... they talk of future endeavors and the filings tell of the need for equity financing...

Where he has failed is in his follow up since the last PR and with his follow up to the PR that stated they were ramping up manufacturing for the F500 project. He has not explained the RS publicly...they did put a full explanation on their web page for 30 days...He has simply gone dark for what ever reason and has failed to keep shareholders updated. But he certainly has not by legal definition broken any SEC rules or the law as far as I can see.

[PoorBoy2]

If, as some of these discussions lead me to believe, the CEO has deliberately misled shareholders with the PRs almost 2 years ago and then participated in driving the share price down approximately 99%, then legal action is a legitimate option. Do we need to have a DTRO bagholders class action lawsuit?

[EMPATHY]

"he did exactly what he was directed to do"


Fact?

[bigfoot422]

Is this a NAMELESS pr firm like the NAMELESS F500 company who DTRO was contracted with more than 20 months ago ?

If there is a pr firm one would think it would advise Larrucea to at least explain the simpless of things such as : why was DTRO placed on the " chill list " or why hasn't Larrucea paid the annual filing fees ? What about the status of the rebreather or the status of the retro fit on machinery to handle MASS PRODUCTION for the NAMELESS F500 company ?

Obvious this nameless firm isn't for shareholders or to protect the pps.

Still would like to know the firm's name and when was it hired by Larrucea ?

Was it before or during Crimi's contract ? It wasn't after Crimi's contract. If before or even during Crimi's contract it leaves alot to be desired by the firm who they represent. After all they are a top notched and particular you they work for as per Latrod per Crimi once again.

anyone please

jmpo

[bigfoot422]

Crimi serve his purpose for Larrucea and he did exactly what he was directed to do.Feed shareholders with garbage till he was detected.

My question is this, once again, when was this so call PR firm hired and what's the name ?

Don't blame the CEO if he accomplished what he set out to do. Right now it appears Larrucea is the winner and will remain the winner till he releases a JUICCCCCCCCCCCCCCY pr if there is one to be released.

jmpo

[latrod]

I agree completely, he was trying to get them to inform us but his advice fell on deaf ears of the CEO. I dont think they will replace him, whats the use in doing so! Supposidly they have a PR firm working for them? If so who knows when they will let them do their job, maybe when they get their issues straightened out? Until then as you have stated, we wait!

[TJG]

Oh you know I was not blaming you.... James did the best he could with what he had to work with IMO... there is an old saying...

Garbage in Garbage out... thats what he was given by the company... I know for a fact that he tried to get them to do somethings and they refused... he may have been let go at the end of Feb...but he was actually done long before then as they ignored all of his suggestions.

Thats why I said months ago...we needed a new CEO as this one is out of touch on how to run a public company. He has no clue on how to handle the responsibilities of keeping shareholders informed.

[latrod]

No blame here, they kept him in the dark the same as us, when they were to start PRs, it didn't happen and been quiet ever since! JMO, JMPO

[TJG]

Me thinks some here need to look up the job description for the IR that a company uses.

They are a denominator of information...they are not a provider of information.... does not matter who the IR is for DTRO...only thing that matters is what the IR firm is given to put out. At this point in time Deltron has NOT given anything to any one to release.

So tell me how do you all blame the IR for this current lack of information state we are in...

[EarnestDD]

Crimi being turfed is the only good news from DTRO in the last year.
jmo

[bigfoot422]

Not to my knowledge but if they are, I would like to know when they were hired ? cuz they r doing a great job so, lol.

jmpo

[latrod]

Boost Marketing was supposed to do the PR campaign?

[bigfoot422]

Do you know the name of the firm for Deltron ?

[latrod]

Beside what W2R posted I looked up an old post from IR, post # 10726
Dec. 2, 2011


Talked to IR James on the phone and asked about the Boost Marketing firm, he told me Deltrons IR firm that is doing their PR Campain is one of the best out there, very reputable and particular who they work with because of their reputation! I also asked about the 3.1M debt for Technology Deal, he told me that NO SHARES have been issued for Debt Conversion on the 3.1M debt!

[want2retire]

His email to me indicated he was not aware if his position was being filled or not.

I have sent an email directly to the company to see if they will comment and will let everyone know what I hear.

W2R

[Pipa]

Do you know if he has been replaced with someone else?

[latrod]

James Crimi has been released from Deltron. It was effective at the end of Feb., which was the end of his contract.

[Zack 717]

Later!

[latrod]

All we can do is wait, I'm going to call TDG next week and see whats up! catcha later my freind!

[Zack 717]

Just got back from va ca looks like not much has changed. LOL

[bigfoot422]

There's no news anytime soon, ( and maybe not at all )if there was there would be alot of insider buying at these discounted prices.

I'm growing more and more leary of DTRO but more so with Larrucea.He has released pr's that now look as if they were P/D releases.Also released info thru his PR rep things to be untrue.

Who knows with lack of ANY communications from Larrucea maybe he has or had his own game plan and shareholders weren't included.



jmpo

[TJG]

There are several convertibles that contribute to the derivative expense, not just the $3.15 mill. A couple of years ago I got a full understanding of how it all works.

Here is a post from a person here at IHUB who is very informed on how it all works. Look this up and there are a few posts that explain it in detail. The expense is a number that changes with the stocks price. Thats because the higher the PPS goes up from the price set at the sale of the CD the more money the lender makes when they convert. Is an expense that must be paid, but its also a PAPER expense..by that I mean its not actual money they have had to pay out...its what they would have to pay out if they were to settle the entire debt at once, based on what the PPS is the day they pay it off.

In this explanation just substitute DTRO for CoroWare...in a nut shell, they need to simply do as I said, get Blu Vu to begin to generate revenue so they can assist in paying down the CD burden they have created.

eztradin
Share
Wednesday, July 28, 2010 3:37:08 PM
Re: aries4747 post# 5433
Post # of 5463
The derivative expense is associated with CoroWare's convertible debentures. The derivative liability increases with the increase in CoroWare's stock price, because the underlying embedded conversion feature is indexed to CoroWare's stock. As the derivative liability increases, the derivative expense increases. The interest expense is primarily associated with the amortization of the discount also associated with our convertible debentures.

[bigfoot422]

TJG, the net loss of 7,894,159 ( 9 months ) does that mean only the interest of the note of 3.15 million is included and not the actual note ?

Also it's 6 months since then which means there's an expense of 157,500 dollars just on that note alone, correct ?


thank you in advance for your expertise.

jmpo