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DFNS SEC Suspension for Financials delinquencies:
http://www.sec.gov/litigation/suspensions/2015/34-74371.pdf
Order:
http://www.sec.gov/litigation/suspensions/2015/34-74371-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2015/34-74372.pdf
DFNS is severely delinquent in filing their Financials and corporate filing obligations to the SEC. On Feb. 20, 2015 the SEC suspended 7 stocks from the Delinquent SEC Filers list, and it is likely that more delinquent Filers will be suspended.
Since Jan 1st, 2010 the SEC has suspended over 1290 stocks for Financials delinquencies. All of those Suspended stocks had their stock registrations revoked.
Shareholders should contact the company and pressure the Mgmt to file their delinquent Financials because ALL shareholders would be wiped out IF the SEC suspends the stock.
DFNS is on the list of delinquent filers:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110680509
Anyone seen this:
Achidatex Nazareth Elite is a company under the DFNS Group, which specializes in protective equipment and services. Achidatex specializes in personal, vehicle, and building protection systems, and produces their own armoring systems although the entire DFNS Group may provide all the necessary ancillary items included in the product.
http://maxdefense.blogspot.com/2014/08/israeli-firm-confirmed-winner-for-force.html
Here it is after Dec.31 and still no financials..looks like the deal to purchase stock will not happen...Looks like were dealing with a bunch of amateurs who don't know how to run a business...They bought in in 2010 and have run this stock into the ground....All my e-mails have not been answered....
Its true Ruff, fast moves at this level, as fast as your posts come,lol!!!
Dec.31 is a key date.DFNS must produce financials by that date in order to have investor inspect and determine if he will invest. If he does we could see a spike in the share price.
It appears that management does not have a clue as to how to keep its shareholders informed. They are sure destroying the value of this company....>02 cents @ 30M shares = $600,000 market cap...What a joke....especially for an Israeli company....
Bid now .02 to .05 cents I think we're dealing with a bunch of people who don't know how to run a company. At .02 cents their market cap in around $400,000..Unbelievable what the new officers have done to this company.....If they don't get any new investors with cash, in my opinion their going down the tubs...At this point I will hold my shares since their worth is minimal in the hope that a miracle happens....JMHO
Tried to e-mail company but it wouldn't go through...Have e-mailed them many times with no reply...looks like they need additional capital to continue...Are we beating a dead horse? Wide spread on the bid and ask but no one is biting At 4 cents a share were looking at a market cap of about 1M They claim to be negotiating with an investor at 16 cents a share...Strange situation...JMHO
Website back up. Strange it was down for a day or two...good to see it's still going.
Or how about just asking them what happened to their website...
e-mail them and asked when r they going to issue current financials...Last ones were in 2011...If we had current financials I believe the stock price would be much higher...new investor is willing to pay .16cents for additional shares...
If you talked to then that puts yu in a totally different position and you now hold the cards, good luck and I mean it.
what r u talking about...Just talked to them....
Those Mills dead on arrival..........1950 play.
Might be interested in one of DFNS subs...Owen Mills which is also in the textike business....Looks like the owners ran out of money and gave away the company to get some fresh cash...not good in the light that their CPA's quit and also their CFO....In my opinion this is a crap shoot but the reward outways the risk if they can get their act together..JMHO
Form 3 out today and sc 13g
Up 58% today, would like to see more volume though.
Up 42.45% today, will be interesting to see how this stock performs in the next few weeks.
Thanks as wonder why the need for loan on such generous terms.
I found an email for the CEO Mr. Uri Nissani.
uri@dfns-group.com
Sent him an email to explain the 8K more clearly.
If it is the same person it says or "his assigns"
with respect to the investment by Dr. Gugenheim, or his assigns, of up to $3 million to purchase 18,297,848 shares of common stock, par value of $.0001 of the Registrant (the "Shares") at an average price per share of $0.164.
Yikes for many reasons: the Dr. heads up Elmax textiles in TX and is going to be 90 next year, and DFNS needs new blood. gosh gee wiz wonder what plans are being made? Philanthropic crush on DFNS which needs all the love it can get?
I own many shares but stepped on a flea by accident and noticed philosophically no insider owned more shares than that flea!
http://biz.yahoo.com/e/130312/dfns8-k.html
Read the 8K and look at the agreed upon price Dr. Gugenheim will be purchasing the shares for.
What caught your eye about it, kindly splain.
few know about this stock, but if deep pockets are buying at almost 5x current levels (as of yest close), that's a pretty bullish sign
If I'm reading this 8K correctly, we could see a jump in share price in the near term.
Holy smokes...from "dark" to "new life" with the filing of an 8K. Check this out:
Item 1.01 Entry into a Material Definitive Agreement.
On March 7, 2013, the Registrant entered into a Subscription Agreement with Dr. Elie Gugenheim ("Dr. Gugenheim"), in anticipation of entering into of a share purchase agreement (the "SPA" with respect to the investment by Dr. Gugenheim, or his assigns, of up to $3 million to purchase 18,297,848 shares of common stock, par value of $.0001 of the Registrant (the "Shares") at an average price per share of $0.164.
1. The proposed transaction will be executed in several tranches as follows:
1.1. First Tranche-in order to provide the Registrant with needed working capital, Dr. Gugenheim agreed to purchase a $1 million convertible note of the Registrant (the "Note") (see Exhibit 10.2). The parties agree to use their best efforts to finalize the terms of the SPA during the period of 90 days from March 7, 2013. The intention is that the Note will be converted into the first $1 million tranche of the investment against the issuance and sale by the Registrant of 4,574,462 Shares to Dr. Gugenheim at the agreed upon price of $0.218 per share.
1.2. Second Tranche-subject to the execution of the SPA, in consideration of an aggregate investment of $1,000,000 by August 31, 2013, the Registrant will issue and sell to Dr. Gugenheim 5,881,451 Shares at a price per share of $ 0.17.
1.3. Loan Conversion-subject to the execution of the SPA, in consideration for Dr. Gugenheim 's agreement to convert a $500,000 loan provided to the Registrant pursuant to a loan agreement executed by and between Intercambio Comercial SA de CV, a company controlled by Dr. Gugenheim, and the Registrant dated January 14, 2013, concurrently with the Second Tranche, the Registrant will issue and sell to Dr. Gugenheim 3,619,355 Shares at a price per share of $0.138. In the event of the conversion of the Loan Amount, a $25,000 payment due under Loan Agreement will be waived.
1.4. Option Grant-subject to the execution of the SPA, Dr. Gugenheim will be granted an option to invest an additional $500,000 in consideration of the issuance of 4,222,580 Shares at an exercise price per share of $0.118 (the ''Option''). The Option will be exercisable for a period ending the later of 12 months commencing at closing date of the SPA or 15 months from March 7, 2013. In addition, should the Registrant's total equity in accordance with the Registrant's audited financial statements for the period ended on December 31, 2012 be less than $5 million, the exercise price with respect to the Option will be the par value per share.
The number of shares issuable under the Second Tranche, Loan Conversion and Option Grant are subject adjustment in the event of certain changes in the capitalization of the Registrant.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under
an Off-Balance Sheet Arrangement of a Registrant.
See Item 1.01
Item 3.02 Unregistered Sales of Equity Securities.
On March 7, 2013, the Registrant entered into Subscription Agreement and Convertible Promissory Note as discussed in Item 1.01 with Dr. Gugenheim. The Note is in the amount of $1,000,000, with interest of 10% payable per annum. Upon the conversion of the Note, the Registrant has agreed to issue Dr. Gugenheim 4,574,462 shares of common stock at a price per share of $0.218, and, if converted, any applicable interest will be waived. See Item 1.01
News today...I wonder how much one of those helicopters cost?
Well I might be able to put a starter down if my other one gets above .10 so I can sell some otherwise right now I only have 92 cents available in my account. I was hoping the other would move more than this but maybe by weeks end.
What do you expect to be happening with this one?
You can email me at stallion_ewd@yahoo.com as well.
Thanks!
v/r
V
get in line for your tickets for DFNS too, show is going to start soon
Hey P&W33,
Saw you post about CACI before it changed to a .
Do you have anything that you are willing to share?
I'm getting frustrated with LNGT but I'm to far underwater to just dump and go, I'd soon just lose it all than sell now.
I actually worked for CACI for about a month. I have a secret clearance from my active duty days still so was easy to get hired but didn't enjoy the job but I digress.
Seems people know both sides but who really knows.
Just looking for that silver lining here.
Thanks either way.
V
stallion_ewd@yahoo.com
$DFNS - bad Q was pretty much as expected. They did put in the filing that they expected sales to increase. Positive "hints" is about as much promotion as this company does. The bad thing is that it's tough to predict given the lack of communication. However, if you look at long term history, you see lots of fast moves at much higher levels.
I shoulda bought some at .05 when it was quiet
Starts to hit scanners, word will get around. Might look a little more at it and see where it trades before I throw some coins on it. been a little too quick lately, trying to slow down and not get burned. but i do like the ask hitting going on. Volume is a good indicator sometimes, but sometimes can mislead people too...
I havent heard anything from the company, I still think this is a great stock, problem is not too many people know about this one
4 months later, whats the deal going on today? hear anything? seeing some ask hits, looks like it was up to .15's a while back...
Hope someone here got some cheapies at .06 recently
I agree with that poster. If the company would start an awareness campaign, we could have something here.
DFNS 10K out - IMO, it's a beaut. Not sure why this stock doesnt get more attention. About 17m in revs every year, 2.5m - 3m Profits every year.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7862490
Yea, wishing us well
This stock has so much triggers, hopefull that loaded gun new officers were handed gets to be used while cash is still left .!
Thinking the mideast turmoil has something to do with the recent bidding.
.12 (DFNS) Ok lets see if this baby can learn to walk!
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Defense Industries International, Inc., through its subsidiaries, engages in the manufacture and provision of personal military and civilian protective equipment and supplies. It offers body armor, bulletproof and stab-resistant clothing, combat vests, bomb disposal suits, battle pouch and combat harness units, flak jackets, ballistic helmets, dust protectors, padded coats, sleeping bags, weapon straps and belts, dry storage systems, liquid logistics products, ceramic and UHMW polyethylene ballistic plates, ballistic wall coverings, tents, vehicle covers, and lightweight vehicle armor kits for the military and defense market. Defense Industries International also provides armor for VIP luxury cars, as well as adaptations of its military products, heavy-duty clothing, other types of sporting and camping equipment and clothing for civilian the market, including law enforcement, border patrol enforcement, prison forces, special security forces, corporations, non-governmental organizations, and individuals. In addition, the company offers industrial/agriculture market products, such as special industrial fabrics and cloth tapes, as well as flexible enclosures for temporary storage of agriculture products. Further, it engages in the manufacture of optical grade germanium crystals and the sale of optical and infra-red night vision products that utilize the germanium crystals. Defense Industries International sells its products through distributors worldwide. The company was founded in 1997 and is based in Petach Tikva, Israel.
In a rapidly changing world of warfare and law enforcement, DFNS group and its subsidiaries are striving to set the pace by developing advanced products and exploring new markets.
The group's creative approach to technological challenges has helped it gain a world-wide reputation while positioning it as the preferred brand among security forces all over the world.
Protecting people, infrastructure and property around the globe
Human life is priceless. Protection of human life demands significant investment.
Our subsidiaries are committed to its customers focused philosophy by providing innovative, top quality products and quick response.
DFNS diversified high quality technologies and products, serve many armed forces, law enforcement and emergency relief agencies throughout five continents, providing highest levels of protection.
In addition to the above the company also manufactures additional products including ; Blast Mitigation Ballistic Wall Covering System, Industrial webbing and high performance textiles,(such as Kevlar)Vehicle / truck covers, tents Collapsible storage containers. As a result of continual investment in specialist staff and technology, DFNS has managed to achieve a state-of- the -art excellence in the fields of safety and protection products.
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