Replies to post #13130 on Deltron Inc (DTRO)

[bigfoot422]

Who owns Elasco ?

Are their assets and liabilities incorporated with the other 2 ?

Do you know the proceedings of bankruptcy law ?

Do you know if total debt includes Elasco ?

or was the debt as a result of the other 2 companies ?

There is alot of FACTS neither you nor I know with the terms and legalities of all 3 companies.

jmpo

[PoorBoy2]

If they were to sell off assets like Blu-Vu, they would likely need to wait at least a year before filing BK. Otherwise the BK judge could bring the sale into question and possibly undo it for the benefit of the remaining creditors. It would have to look like a pretty shady sale though. Significantly undervalued sale, tremendously increased sales and profits shortly after the sale, etc. Especially if any kind of current ownership ties remain.