rose up extremely to over 65 million shares.The only reasonable explanation for the sudden volume jump appeared to be the last promotions of DTRO. According to the records, yesterday the stock got promoted by three companies, which immediately reflected on DTRO’s volume.[BANNER]
Historical data shows that the company has been promoted every week over the last few months, and sometimes the promotions were more often. Based on this fact, we can assume that only the promotions hold the stock up. However, the price doesn’t change so much.
A few days ago, DTRO made a positive announcement about a new customer base in the filming industry and promised an increased revenue. Though, it’s too soon for the optimistic projections to be confirmed.
Deltron, Inc. is a development-stage company, which has the wholly owned subsidiary Deltron Holdings Corporation S.A. In April this year, DTRO has climbed to $0.11 per share, however the price has fallen since then. Now the question is whether the stock will start a new uptrend, or it will fall down again.
DTRO’s financial results don’t look much positive. As a development-stage company, Deltron has not generated any revenues so far. Though, it has accumulated a net loss of over $120 thousand. The company’s net cash by this March was $10,500, provided by financing activities. DTRO reported no assets and liabilities for the same period of time.
Presently, the company has no operations and no cash equivalents available. In its financial report, DTRO states that it has no sufficient capital to complete its business plan and no specific plan to obtain any funds.
Based on these results, we can assume that if DTRO doesn’t find additional financing, its future development is questionable.
