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Item 8.01 Other Information
On June 13, 2012, the Board of Directors of Deltron, Inc. (the "Company"),filed a Form 15-D with the Securities and Exchange Commission ("SEC") voluntarily suspending its reporting obligations with the SEC. As a result of this action, the common stock of the Company is no longer traded on the OTCQX Bulletin Board. The Company continues to trade on the OTC Markets, formerly the "PINKS.
The Board of Directors resolution, which passed on June 11, 2012 expresses the Board's intention to use this moratorium to better utilize its resources to more efficiently bolster operations to attract suitable merger and/or acquisition candidates to be better able in the future to afford the cost of reporting compliance.
The Company is actively engaged in seeking a suitable merger or acquisition partner along with a renewed financing activity to allow it to continue its business development. Once adequate sustainable financing has been secured, the Company will resume its reporting obligation.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
DELTRON INC.
By: /s/ Stephen Vlahos
----------------------
Stephen Vlahos
President
(Principal Executive)
Anybody look at the 8k on the 14... they are actlvely looking for merger or partner to keep buisness moving... the only bright side i see.....dtro
Morning Mr.G...Yep, we need patience here, don't have much of
a choice...Oh well.
Like you say, If these new guys are good Pinkie players, then I
expect a good pump that works.
One thing to keep in mind here is this.... The old management of Deltron was not experienced in the ways of penny stocks. They were for the most part just business men and product developers who got in over their head.
But the new management, they have been playing the penny game for some time... they took this over for a reason...so they could make some money off of it... for the present we are bag holders, but they will get a run out of this...and when they do it will be time for current holders to get out while you can and let those who buy into what ever these guys are selling take over... its the way of the land here in the Wild, Wild, West....known as penny stocks...
Patients is the key now... good luck everyone.
well I'm down 80%, so not really worth selling. If it all goes pear shaped then I get a good tax write off.
So holding my shares atm
Good post bro regarding a possible shell here. Would definatley be a waiting game if that is played out. PPS could fall rapidly though as you mentioned.... true test of testicular fortitude here.....
As the 8-K says they are now in the process of looking for merger ... translated into Pinkie language that means they are in the process of becoming a shell.... (that's just my opinion for past experience)
Again this can be good or it can be bad as we wait...key now is to watch the volume... there are shares in the AS that can be diluted... if that starts its time to bale big time.
A side bar...for those listening to the sue Deltron jargon on this site... first thing you have to learn when trading in this market is what the Forward Looking Statement means. Read it and if you have questions look them up.
Anyone trying to sue this company would have a better chance of winning a law suit against the weatherman when he said it would be sunny today and you spent $2000 on a party only to have it rained out. There is no law suite here folks they broke no laws... they are allowed by the nature of how the Forward Looking Statement is written to make predictions on how wonderful they are going to become...and if they fail...as Frank Sanatra said. "Thats Life"
My suggestion to you is this :
If you personally feel you were violated by Henry Larrucea and James J. Crimi.
File a complaint form with the SEC with ALL documentation such as but not limited to ALL press releases by Henry Larrucea since his taking over company in February of 2010.
Request a copy of the contract with the nameless F500 from Deltron ( Henry Larrucea ) under the FOI and any other document you feel pertient to the case. Paperwork whereas the Rebreather was being tested by a company in a foreign country and test results etc.
You can also file a small claims case against Henry Larrucea and James J. Crimi up to 5,000.00 in damages. ( losses )
Also obtain the record of James J. Crimi criminal record.
good luck
i am with you to support you let me know?
you can contact me
lutfiyah.group@gmail dot com
My reasons of concern were :
DEBT of more than 7 million dollars
A contract with a NAMELESS F500 company for a NAMELESS product.
UN-ANNOUNCED reverse split
REBREATHER being tested in a foreign country.
The hire of James J. Crimi as IR
Default on annual filing fees.
See these were the FACTS as presented by Larrucea and Crimi.
JMPO
Not at all, you were hoodwinked by those pr's.
How soon we forget, I said from the onset that DTRO looked too good to be true and I dealt with the FACTS.
It'll be a good tax write off for you, lol
JUST MY PERSONAL OPINION
thanks for reply.
anyways least bothered about this stock. i know many of us are loosing more than 90% on this. so it does not hurt more even if loose the remaining 10%
as of now, nothing to loose in holding this stock.
glta
No thats not what is means..but it does mean that there are changes coming and they have no intentions of filing a financial report for now or in the future... we could all still make money if this does a reverse merger and there is a new company with a bright future...
My post on the demise was just an opinion.... there is no way of knowning what will happen next...
TJG,
does it confirm, the stock is dead and we loosed all the money officially???
i dont have much knowledge on this sec 15
Deltron has just filed a form 15 with the SEC..that is a deregistration from...they will no longer be reporting... they are now a none reporting company.... most likely folks DTRO as we have all known it will be gone and the shell will be sold or reversed mergered into a new company....
Not much hope of getting anything out of this now...IMO
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 15
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION
12(g) OF THE SECURITIES AND EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTION 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number 333-130197
Deltron,Inc.
(Exact name of registrant as specified in its charter)
705 Bruce Ave
Clearwater Beach, FL 33767
(727) 735-2054
(Address, including zip code, and telephone number, including area code, of registrants principal executive offices)
Common Stock, $0.001
(Title and class of securities covered by this Form)
None
(Titles of all other classes of securities for which a duty to file reports under section 13(a) or 15(d) remains)
Place an X in the box(es) to designate the appropriate rule provision(s) relied upon to terminate or suspend the duty to file reports:
Rule 12g-4(a)(1) [ ]
Rule 12g-4(a)(2) [ ]
Rule 12h-3(b)(1)(i) [ ]
Rule 12h-3(b)(1)(ii) [ ]
Rule 15d-6 [x]
Approximate number of holders of record as of the certification or notice date:
180
Pursuant to the requirements of the Securities and Exchange Act of 1934, Deltron, Inc.has caused this certification/notice to signed on its behalf by the undersigned duly authorized person.
Date: June 13, 2012 By /s/ Kevin Jasper
Name Stephen Vlahos
Title President, CEO
Instruction. This form is required by Rules 12g-4, 12h-3 and 15d-6 of the General Rules and Regulations under the Securities Exchange Act of 1934. The registrant shall file with the Commission three copies of Form 15, one of which shall be manually signed. It may be signed by an officer of the registrant, by counsel or by any other duly authorized person. The name and title of the person signing the form shall be typed or printed under the signature
PLEASE DO NOT DELETE !!!!! Latrod, I'm getting my case together to file against Henry Larrucea and James J. Crimi.
I know you have communicated with Crimi via e-mails and phone calls. It would be appreciated if you could forward those correspondences to me. If you decide to I'll give you my e-mail address. If you are uncomfortable in doing so I truly understand.
I believe I have enough documentation but it would add and support my allegations.
I hope something positive takes place with DTRO but at this time it doesn't look positive.
No matter what good luck to ALL of you. It was an interesting journey but painful in the pocketbook for most.
Sincerely
Consistant no volume means the pps is effectively zero. No body wants it so it has no value.
no volume from several days. thats a bad news.
on the brighter side, pps is not going down.
lol
DTRO is done now it's Larrucea and Crimi's turn to get roasted.
jmpo
timber down she goes timber------------------------------------
Wahoo, pps and volume SOARING today...well sort of.
thanks for the reply.
SEC busted several companies today, could Larrucea and DTRO be next ?
jmpo
No, I have not called lately bro!
I see nothing has changed even with the new team,lol
jmpo
Latrod, any updates from titan gear?
thks
even today. zero volume
ZERO Volume on DTRO today.
jmo
That's because were left holdin the bag.........
My personal opinion, DTRO was done a long time ago
Larrucea and Crimi never released any concrete FACTS about DTRO such as the name of F500 company or the terms of the contract which will be 2 years old next month. Larrucea did state that " retro fitting was taking place for MASS PRODUCTION of a UN-KNOWN product for a NAMELESS F500 company ".
Larrucea and Crimi did release mis-leading and bogus informartion to make DTRO appear it was successful or will be very successful to lure investors into buying shares in DTRO.
Just one of many examples, the dreaded R/S reason, " clean up share price " to attrack new monies. Oh well we see how truthful that reason was. The PPS is down more than 80 % post r/s and Larrucea done absolutely nothing to protect the pps.
Rebreather being tested in a foreign country ( as per James J. Crimi ) when it's going to be sold in the U.S. didn't make any sense to me. The U.S. Safety and Health would have to inspect it to assure it passed here in the U.S.
Then there is the recent investigation by the SEC, the resignation of Larrucea and the appointment of a NEW TEAM.
All I can say is check out each member of the NEW TEAM and see how they are doing or did with companies of their past and present.
All of the above is just my personal opinion and one should make their opinion as to whether or not DTRO is done.
JMPO
Is it a safe bet to say this company is done? I'm still pissed of the rs
DTRO over 7 million dollars in DEBT and maybe much more
annual filing fees in DEFAULT
Contract with a NAMELESS F500 company nearing 2 YEARS June.
It doesn't matter who runs this company, either DTRO is a vital company or it's NOT.
jmpo
Henry Larrucea and James J. Crimi, remember those 2 names.
Very instrumental in DTRO's success or lack thereof.
jmpo
FACTS have and should continue to come to light.
jmpo
For me, June 30th can't come fast enough.
Larrucea has a history of hiring REPUTABLE people for key positions.
For a company that suppose to be legite makes me very very concerned.
jmpo
If every shareholder out here voted no it would not make any difference... the majority of the voting shares are held by Henry.... and since these two are in their position with his blessing he will vote them in no matter what we think...
Pinksheets always run that way... actual shareholders have no real say, they set up the shares structure that way on purpose.
Who do you think are the major shareholders ?
Google each new team member for DTRO and learned about their involvement with other companies.
Even check the message boards of these so called companie they work for.
VERY IMPRESSIVE
JMPO
Just the pump that won't be to far off, but it's up to each his own on what to do. I may just ride it out and check out every PR closely, or flip and hold the freebies. Nothing concrete yet so wait and see.
Earnest, your take on the NEW TEAM and Larrucea's resignation ?
Does anyone know how the new team will be paid ?
Vhalos and Jasper have to be voted in at the next shareholders meeting to maintain their interim positions. I say we raise a vote of no confidence and ask for new candidates?
Now the question is who would make the next valid candidate? And when is the next meeting?
If they put out some PR juice that moves the pps UP, I love them!!
Does anyone see anything appealing with the new team ? Their background doesn't look good to me at all.
jmpo
.012/.03 on scottrade.
donno y did u say that
.012/.03 on my Fidelity streamer
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