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TJG

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Alias Born 06/20/2007

TJG

Re: None

Wednesday, 03/07/2012 1:53:28 PM

Wednesday, March 07, 2012 1:53:28 PM

Post# of 13679
For those following along, here is the explanation on the debt Deltron carried for 2011.

This information is take off of page 13 of the 10 K which is for the year end of Sept 30 2011. Note the highlighted...


As of September 30, 2011, we had an accumulated deficit of approximately $11.0 million, and
as of September 30, 2010, our accumulated deficit was approximately $3.1 million. We incurred
operating losses of $212,737 for the year ended September 30, 2011 and $189,532 for the nine months
ended September 30, 2010. We incurred net losses of $7,894,159 and $360,590 for those respective
periods. We expect our net losses to continue for at least the next couple of years. We anticipate that a


You see that for the year period of Sept 30, 2010 to Sept 30 2011 the debt went from $3 million to $11 million which is a total increase of 8 million for the year.

This increase did not come over the span of one quarter but all four quarters. Again to fully understand the extent of where that 8 million came from you need to read the Q. If you do, you will see that Elasco had over that time period an increase in sales...but those increases could not match the loss that occurred with trying to build Blu Vu into a profitable business.

Hope this helps any of you who are following and have questions.