12/5/2010 why no payment on the filing fees.
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Home > Boards > US OTC > Oil/Gas/Natural Energy Production > Deltron Inc (DTRO)
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latrod Share Monday, December 05, 2011 4:42:43 PM
Re: None Post # of 12699
Response from IR
From what I have been told about not being deficient with the State of Nevada, "this was an oversight related to payment of a filing fee". "It is not a problem as long as they get caught up over the next few months".
As for BluVu they will be launching the BOV first then the re-breather will come afterwards. They are working with some distributors such as Titan who have expressed an interest in the product. Deltron plans to issue a follow up about the BOV. I do not know when that will be, hopefully soon!
The $3.15M debt is a convertible note with Kaleidoscope, this is a friendly transaction between both parties. Meaning that Kaleidoscope will work with Deltron as it relates to repayment of the note. The terms are that the note holder can convert anytime after 6 months with a 30% discount. The conversion will be done in tranches of less than 10%. Ultimately it is up to Deltron to approve the conversion an issue the shares, Deltron does not anticipate any problem with Kaleidoscope or the note.
Investor Relations for Deltron, Inc.
James Crimi
Deltron Inc (DTRO) Stock Trading Info:
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