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Is this speculation or FACT? Remember, we only deal in FACTS with DTRO...
Looking forward to a much better 2012! Not sure how it can get much worse!
Happy New Year to all!
W2R
JB2,
I appreciate your attempts to right what you perceive is a wrong. My question is, why are you calling it to the attention of this board? Is there something you think we can do? If you are truly concerned about insider trading/information, isn't there someone who is better equipped to look into this for you than Mike, ES, Zinc, etc?
Are you persuing this through legal channels or only addressing it with your grass roots efforts on this board?
If you are persuing this, as you see it, illegal relationship through official/legal channels, thank you for taking the time to do so and I hope there is quick resolution. If you are only voicing these concerns on a stock message board, then I have to ask, what is the point?
JMO, IMHO,
W2R
"Faceless, nameless, anonymous and fictitious Fortune 500 company??
lolol
jmo "
Is this a FACT? I'd be careful, I don't think BF is going to be too happy to see more speculation thrown around here.
We only deal in FACTS here.
BF, let him have it!
JMO, IMHO
W2R
"REBREATHER being tested in a FOREIGN country"
What is your point or are you just sharing a FACT?
Yes, we know the rebreather is being tested by the company's partner in Norway. I'm glad they are testing it, I'd hate to just create a form and release it for sale without testing.
Thank you DTRO for doing testing before the product is released to market. Is this what you were trying to say? Your post was a little vague.
Thanks for the update Bigfoot. Nice to see the company is taking the necessary steps to take a product to market.
Go DTRO!
Bigfoot, Is this a FACT or speculation? Do you KNOW that they are increasing debt every day?
Isn't there a saying about one who lives in a glass house, throwing stones, something like that?
Based on what you stated it appears to be speculation, like every other post on this board. We know everyone is speculating and yet you seem very displeased by some speculation while allowing other speculation to pass. Then, to top it off, you speculate that the company is losing money.
I thought we were looking for FACTS here?
LOL
JMO, IMHO
Earnest, can you share with us why the negative hypothesis you've come up with is a "good" one, according to you?
It's a guess, I'll give it that, like any other theory presented so far.
Some present negative theories, some try to present FACTS and some are positive.
Until the company helps us out, let the guessing games continue!
I'm sorry but how can you keep posting about needing FACTS when you post things like TDA saying DTRO is "too risky"? They told you the reason the stock was no longer available to purchase is that it was too risky? That's not what THG told us. Where are the FACTS?
You post about die-lution. What FACTS back that up?
You mentioned bankruptcy today. What FACTS do you have to support it?
Everyone here can agree there are questions the company needs to answer. To talk about FACTS on one hand and theorize on the other is disingenuous, IMO.
IMO, JMO,
W2R
Frank,
I'm having a little trouble following your logic on buying at the ask. Your concern is it will inevitably lead to a rise in the share price? Of course you may be able to buy lower than the ask, but you also may "miss out" on the latest ride, as you note.
I'm not too worried about missing out here and have no intention of buying more than the shares I hold, but I find the concept you raise interesting.
Care to expand on why the risk of a rising share price, if you buy at the ask, is bad? Unless you are intending to short, isn't everyone else looking for a rising share price?
Thanks in advance.
W2R
How did you draw that conclusion? Could it be current shareholders who are concerned about the lack of information from the company or is there something in the activity, or other reporting I have missed, that shows today's sells as dilution? You're thinking someone has diluted around 30K shares at $0.015 worth $450 before commissions, correct?
Any links you can provide would be appreciated.
If there is information stating FACTS that show dilution today, that is something we should consider.
If it is just negative theorizing, I'm sure there are plenty here who will be concerned you are not using FACTS to make your hypothesis.
JMO, IMO
W2R
I did, thanks. I'm just "shocked" that some of our fellow posters who are looking for FACTS have not been more excited about this news.
It's almost as if they only want to theorize and insinuate the negative instead if talk about the FACTS like those you shared.
One question I would have is, why just a BOV? I thought Blu Vu was working on their own CCR and not just a BOV to be used with other manufacturer's CCRs? Maybe this is the first step? Start some revenue flowing in and then expand the line?
Looks like we're getting very close to Blu Vu becoming a revenue-producing entity.
I'm sure everyone here is thrilled!
IMO
Go DTRO!
W2R
If only we had someone on this board willing to take the time to come and post closing results and percent changes, but only on down days. That would really be helpful. I have trouble reading the charts myself when it's red so if anyone is willing to help me out I would really appreciate it.
Pictures of Blu Vu rebreather equipment are posted on the company's website. Why have we seen so little in the way of positive comments about this FACT? It's almost as if some only want to dwell on the negative..
Aaaaaah penny land can be so much fun..
Thanks Latrod for your DD. Hopefully IR can clarify his comments to you about the $3.15M Note and we can move on, at least for the time being.
JMO, JMHO
W2R
Pauscary,
I think this debate has to do with a post from Lat that has since been edited by him. Reading between the lines, I'm assuming the original post said something about DTRO having control over when the conversion, if the holder chose to do so, would take place.
Maybe E and Lat could enlighten the rest of us?
E pounced and pointed out how this would not be true. He then insinuated shares May have been converted and May have been sold. However, unless there are FACTS to prove otherwise, I don't believe anyone knows the answer to this.
As to the general question regarding the Coversion price, I don't think it's that unusual for a company seeking financing to offer incentives to investors. Appears, from my research, that convertible notes almost always provide a premium to the holder for taking the risk. They are also quite common with start ups and other small companies trying to secure financing. I believe a penny stock company is likely considered in this category.
For someone to take a $3.15M risk on a company that we have relentlessly been told is losing money every month, is poorly managed, doesn't communicate well, is DIE-luting daily, etc they presumably have confidence in what the company is planning to do.
I'm not sure how the conversion process works but my assumption is some sort of filing would be done to inform the shareholders of a conversion. I'm guessing, not stating FACTS. Hopefully others here can enlighten me on the process.
I thought someone had mentioned previously that this Note is likely held by Radikal. If that is the case, what incentive do they have to try to liquidate/dillute since they are apparently involved in a joint venture with Blu Vu?
It's not logical, but maybe there's something I'm missing. If you're inclined to look for the negatives and attempt to create fear for whatever your agenda may be, then looking at a large note and theorizing on what could go wrong with it is certainly a good place to start.
JMO, JMHO, IMHO
LOLOLOLOLOLOLOLOLOLOLOLOLO
W2R
JB2, isn't the answer to your question in the quote you copied?
JB2, I would love to hear what you, mojo, shoon, etc feel are the positive related to the company. We all understand you have several concerns but, since you note how you enjoy discussions on "both sides", I'm interested to hear what you LIKE about the company.
Don't just reserve your positive comments for your alternate board. Let us enjoy it here too.
Thanks in advance,
W2R
Go Kim!
Hope you sold before the crash.
GLTA
JMPO
Agreed.. Thank you veterans for your service to protect the freedoms we enjoy today!
W2R
Stop your rhetoric? LOL!
Radikal is not safety testing in the sense you are insinuating, ie someone is trying to avoid the US safety standards.
I know you've done your DD and only deal in facts so you already know Radikal and Blu Vu are working together on the rebreather technology, which explains why they are running tests on the equipment like anyone trying to bring a product to market does.
Maybe we can cross one off your FACT check list?
Thanks latrod and apologies to Millenium. My emails with IR led me to believe PRs would not be issued during the conversion period. I thought that had been posted here by others as well.
W2R
So, on the DIE-LUTION question, the FACTS to support it is happening is to ask if anyone can prove with FACTS that it is not?
Got it.
Rebreather- Either the company is playing out a fantastic ruse or they are continuing to develop it. Development-stage companies such as this are often in the developmental stage. I don't have FACTS to assert whether it exists or not. That is not enough, for me, to assume it does not.
Unannounced reverse split- I think everyone is irritated about this. I know I am.
With the negativity of some posters on this board you would think we might have paid bashers and/or shorters joining us. Free country I guess and lots of different ways to make money.
Everyone is free to theorize, that's the beauty of it. However, that's what most everything here is, theories. No one, it seems, has FACTS to back up their claims.
Millenium, I think your time line is off. The R/S happened, then a poster here was told a series of PRs would be coming after the R/S was completed.
Do you have information, FACTS, that show otherwise?
Please provide to all if you do as it would be much appreciated.
Thanks
W2R
Bigfoot, I know your a stickler for FACTS so would you mind providing yours? Constantly bellowing about DIE-LUTION does not make it so. Links, reports, PRs, anything?
You state almost 20% of the shares traded today could be from Vaas. 80% of roughly $3000 worth of trades equals DIE-LUTION?
Today was the first day many people have been able to trade since the R/S happened. Yet, somehow you've determined none of the other trades today are from shareholders now looking to get out? Could you provide the FACTS to back this up? I know how you hate when people theorize without backing it up with FACTS.
Thanks in advance. Looking forward to getting the data you have not yet shared with us so we can all have the FACTS related to this DIE-LUTION.
Go DTRO!
JMPO, IMO, IMHO,
W2R
More DIE-lution today.. That's two days in a row of nothing but DIE-lution..
JMPO
BF, who did you speak with regarding safety testing in a foreign country for the rebreather? That contradicts the information I have received from IR.
There is independent testing being done in Norway by Radikal AS as part of the collaboration they have been working on involving the rebreather technology. This is strictly due to the joint efforts of Blu Vu and Radikal. This is not an outsourcing of safety testing as your post seems to insinuate.
Is there safety testing that has been announced by the company? Could you please provide a link or source material?
W2R
"DTRO diluted the PPS so low that they had to do a R/S in order to continue their trend of diluting.It happens all the time in pennyland. and it wasnt done to fund ANY project."
Where are the FACTS to back up this statement?
Thanks in advance!
JMO
DTRO has previously stated shares were given in exchange for the debt and notes they have secured. They have also stated they have no control over when those shares are sold. That is not entirely true when it comes to the $3.15M but let's set that aside.
Since the company has previously stated shares were issued in exchange for the debt incurred, how can you say with any certainty that any current share sales are not from debt holders instead of from the company?
I would agree it would be nice if DTRO would clarify these items for their shareholders and they should have made an announcement related to the R/S instead of just dropping it on everyone.
However, for someone who is constantly posting about wanting FACTS you seem to be making quite a few assumptions, unless there are some ilnks, PRs, etc you can point me to that will support your statements.
I would be happy to deal in facts. Unfortunately, right now we are missing several pieces to the puzzle. Everyone can make assumptions about what they think is happening or going to happen, but those aren't FACTS. It is no more likely that this is a dillution scheme than it is that DTRO is attempting to fund their projects or debt holders are selling their shares.
We just have to wait and see.
JMO
My understanding of the agreement is DTRO does have some control over when the $3M can be redeemed. Hopefully there will be additional revenue by that time to offset some of the additional expenses. Wasn't there also a $5M deal with Billabong for skateboard wheels?
Lots of questions, and possible revenue streams. Unfortunately, very few answers from the company.
Come on DTRO, help us out!
Agreed. Is there a room somewhere for a handful of people to continue to berate each other so the rest of us can get back to enjoying this board?
GLTA
W2R
As I understand it, based on email conversations with IR, the $3.15M will be handled differently from a redemption standpoint than the other convertible notes. The current notes being converted only had 6 month restrictions on them. The $3.15M has additional restrictions that mandates conversions over time and only with DTRO approval.
If we can survive the current/recent conversions we may be able to avoid a RS yet.
Might as well hope.
GLTA
W2R
Same thing I have been told. IR also said rebreather is still on track for this fall, "was not permitted to comment" on situation with Fortune 500 company and was hoping to get me more information on contracts Elasco currently has in place.
I'm not writing this off yet. I'm just not sure how the massive amount of debt they have taken on, along with the salaries, etc they keep delaying payments on, will be paid. Need revenues in a big way to get this back on track.
$3.15M for the technology, on top of other production costs, leaves pretty tight margins on the rebreather, or so it would seem. Recreational use sales likely won't be enough, IMHO. We will need bigger contracts with oil and gas industry, armed forces, etc. All of those discussions are nothing but rumors from what I can see. The out of date websites for Blu Vu and Deltron reference industries that could use the technology, but there is no guarantee they are even interested, that anyone has even been contacted, etc.
Still holding but not sure I'll be adding until we get more information on where we are headed.
GLTA
W2R
Thanks for posting James. At least gives me a little hope that they haven't boarded up the shop just yet.
Come on ICOA, reward those of us sticking it out!
Yep, I see Dr. Bozanic is speaking at the show. However, I see no reference to Blu Vu or Deltron. So, he likely spoke as an expert on rebreather technology but I see no reference to promotion or even association between him and Blu Vu being mentioned.
It's not concerning to you that they haven't updated their own website with any mention of this, any recent press releases or little at all in the past year?
Wouldn't his speaking at the show be worthy of comments on their website? That leads me to believe his presence a the show was as a professional in the industry and not as a Blu Vu representative per se.
Hopefully I'm wrong and he was singing the praises of Blu Vu. Did anyone attend the show that can shed some light on this?
W2R