Deltron Inc (DTRO)

[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

[PoorBoy2]

Looking at the last 10K again, there are a couple of things that look like payoffs in light of this SEC investigation.

In February 2011, the Company purchased technology from an unrelated third party for $3,150,000 by
issuing a 5% convertible note payable (the Kaleidoscope Note). The note is due on demand, but not
sooner than six months from the date of issuance, and provides for nominal interest at the rate of five
(5.0%) percent per annum. The note may be converted into unregistered shares of the Company’s
common stock, par value $0.001 per share at the Conversion Price, as defined below, in whole, or in part,
at any time beginning 180 days after the date of the notes, at the option of the holder. The Conversion
Price shall be equal to 30% multiplied by the Variable Conversion Rate which is equal to the average of
the three (3) lowest closing bid prices of the Common Stock during the ten (10) trading day period prior
to the date of conversion. The convertible notes payable only become convertible 180 days from issuance,
and until the notes payable become convertible, no derivative liability was recorded as a result of the
conversion feature. The note became convertible in August 2011 and accordingly, the Company recorded
a derivative liability of $5,430,958. At September 30, 2011, the derivative liability was marked-to-market
and the balance was $5,432,887. As of September 30, 2011 there is a balance on this note of $3,073,641,
plus accrued interest of $94,433.

[color=red]In August 17, 2011, the Company was notified that $500,000 of the Kaleidoscope Note was assigned to
an unrelated third party.[/color] The assigned note payable retained the same conversion terms as the
Kaleidoscope Note. The Company recorded a derivative liability of $1,167,416. On August 19, 2011 and
September 22, 2011, the note holder converted $21,906 and $13,013, respectively, and the Company
issued 146,039,992 and 216,880,251 shares of the Company’s common stock, respectively. As of
September 30, 2011, the balance on this note was $465,081. At September 30, 2011, the derivative
liability was marked-to-market and the balance was $1,086,271

[color=red]In August 23, 2011, the Company was notified that $50,000 of the Kaleidoscope Note was assigned to an
unrelated third party.[/color] The assigned note payable retained the all the same conversion terms as the
Kaleidoscope Note with the exception of the Conversion Price. In connection with the assignment, the
Company issued an amendment to the note to change the conversion price to 40% of the average of the
three lowest closing bid prices of the Common Stock during the ten trading day period prior to the date of
conversion. Upon assignment the note became convertible, and, accordingly, the Company recorded a
derivative liability of $75,349. On August 29, 2011 and September 16, 2011, the note holder converted
$12,500 and $5,000, respectively, and the Company issued 78,125,000 and 83,333,333 shares of the
Company’s common stock, respectively. As of September 30, 2011, the balance on this note was $32,500.
At September 30, 2011, the derivative liability was marked-to-market and the balance was $49,057.

[color=red]In September 2011, the Company was notified that $250,000 of the Kaleidoscope Note was assigned to
an unrelated third party.[/color] The assigned note payable retained the all the same conversion terms as the
Kaleidoscope Note. Upon assignment the note became convertible, and, accordingly, the Company
recorded a derivative liability of $583,810. As of September 30, 2011, the balance on this note was
$250,000. At September 30, 2011, the derivative liability was marked-to-market and the balance was
$583,915.

[latrod]

Last thing I posted that was somewhat positive is post # 13110

[PoorBoy2]

Let's see if we can put all of the pieces together. Recently TJG or Latrod thought something was up with Deltron, not knowing whether it was good or bad, because the contact information and other items were removed from the Deltron site. We determined the old address for Blu Vu was likely a PO Box at a Mailboxes Etc./ UPS Store. Deltron borrowed money from Kaleidoscope Real Estate, Inc. to finance the purchase of certain manufacturing/patent rights for Blu Vu. 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.

Please tell me there is a happy ending somewhere in all of this.

[PoorBoy2]

From Deltron's May 2010 8-K
"The Company currently contracts with Kaleidoscope Real Estate, Inc, a consulting corporation. Kaleidoscope provides consultation on funding target acquisitions, assistance with due diligence process and with capital structure and capital resources such as accredited investors, private equity participants, micro cap equity funds, broker/dealers and institutional investor relationships. It also provides guidance in finding available alternative to maximize shareholder value, development of potential strategic alliances, mergers and acquisitions and periodic preparation and distribution of research reports and other information to the broker/dealer and investment banking community. In 2009 the Company paid Kaleidoscope Real Estate $25,000 in consulting fees."

Does not look good since this is the same Kaleidescope Real Estate mentioned in the article.

[Pipa]

Doesn't look like any of this would effect Deltron or Blu Vu...

[eohallor]

Yes.

Look at the blurb above, particularly

Jeffrey Bozanic, Ph.D. Director of Research and Development Blu Vu Deep Oil & Gas Exploration, Inc

[Pipa]

Sure we're talking about the same company here?
Deltrons subsidiary is "Blu Vu Life Support Technologies"

[eohallor]

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

[KoenigSalomon]

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

[Zack 717]

There goes half my portfolio! LOL