Defense Technologies International Corp (DTII)

[Diggnun21]

I believe the company will have several very good updates for shareholders very soon, which will reveal why the "certain related parties" agreed to the debt swap with a floor of .01:

As part of the financial improvements for the Company, certain related parties have agreed to retire their outstanding claims against the Company in exchange for newly issued Preferred Shares.

Moreover, if those with knowledge of the potential of DTII are willing to take preferred shares in lieu of dollars owed, that is very promising for shareholders and telling in terms of the potential of DTII to fully realize its business plan.

In my opinion, there are contracts coming that are waiting to be inked. This is why CEO Moses has decided to enter negotiations for funding the production of the Alert Offender Passive Scan at this time:

"Defense Technologies remains committed to starting production of its Non-X-ray Scanner in the very near future. We have initiated negotiations with a Swiss Corporation, a former Lender and Shareholder, to secure future necessary production funding. We appreciate and thank all our shareholders for their support," stated Defense Technologies International Corp. CEO Merrill Moses.

$DTII