Deltron, Inc. (PINK:DTRO) stock got promoted last night and it could move out of its trading channel in the coming session. 
Yesterday, DTRO closed the session with a 28.29% loss from the previous day at $0.0251 for a share. Trading volume was extremely small with only 1,133 traded shares compared to a daily average of around 17,800 for the past three months. Technically, indicators are not in favor of DTRO and there is no news as well, yet the stock should be one of interest today.
Last night a promotional e-mail for DTRO came into our database. According to the disclaimer, the promoter has received $20,000 for a one-day promotion. The effect on the share price and trading volume of the stock should be seen today.
Currently, Deltron holds a Limited Information status on the OTC Markets, indicating that the most recent financial data of the company is still missing. The latest report filed is for the fiscal year ended September 30, 2011.
It reveals that DTRO is short of cash and has huge short-term liabilities. Its total assets amount $4 million, but $2.7 million of them are intangible. At the same time, the company has more than $11.7 million in current liabilities only, $3.5 million of these due under convertible notes.
Such large debts and high dilution risks does not make DTRO look like a stock to hold on the long-term, even if it seems low priced at the current levels.
