Deltron Inc (DTRO)

[PoorBoy2]

Blu Vu is an investment that just needs to start paying off. Based on the following answer to my question about the $3.15 million in the latest 10Q, it sounds like another acquisition is in the works. I suspect the investment "opportunity" is the news that will likely be out next. I doubt they will share the target of the acquisition until it is more advantageous.

The $3,000,000.00 10% convertible note is a private offering that the company is engaged in for financing purpose's, the use of proceeds is for working capital and for future acquisitions. The offering is available to existing shareholders who meet the "Accredited Investor" qualification's.


The Notes will have a fixed annual interest rate of 10%. Payment shall be made upon conversion and payable in restricted shares of common stock of the Company.

Right of Conversion: Each Note is convertible at any time after the Note is issued, but no later than March 26, 2013 at the Holder’s discretion into restricted shares of the Company’s common stock.

Conversion Price: 85% of the average of the bid and ask price of the Common Stock as quoted on the OTCQB or other recognized stock market exchange, for the five business days prior to the date of the holders request for conversion.

Use of Proceeds: The net proceeds received from the sale of the Notes will be used primarily for research and development; sales and marketing expenses; to establish strategic relationships; legal and accounting fees; debt retirement, and working capital.