Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
DTII Appoints a National Sales Director
DTII Outstanding shares from what we are observing right now, especially with the well pointed out increase in outstanding shares postings. Voting shares I believe are a different issue under the same SEC guidelines. DTII shows their investors layout of voting and non-voting shares at: http://www.defensetechnologiesintl.com/investors.html
GLTA #DTII
If one knows anything about Securities law, one will know that if someone, passive or institutional, gets more than 5% of the outstanding shares posted, that that entity would need to file a Schedule 13D with the SEC. Hence, toxic lenders, like Red Road, limit themselves to 4.99% for each tranche of stock they convert, from any company that they have made loans to, as to not have to file a 13D and make their selling of shares public, where these sales of shares also manipulate the stock price (like we are seeing here at DTII daily), due to MM coordination, so their RR buddies can sell.
Interesting that 4.99% of the old 2,153,333 outstanding for DTII is around 106K shares, the difference between the 6/08 outstanding and the 6/23 change. A person should be able to derive that RR is still dumping DTII stock in these tranches of late, like I have stated before, not the company. Around $6K to go until RR is done with DTII, meaning one to two more tranches of 100K+ shares, based on the VAMA of $0.045, or another 200-230K shares, IMHO. But hey, as the outstanding goes up, so does market cap as the share price goes up on news of sales or other things. Hmm…
No level 2 here either. RR must be out of DTII shares for now.
~$7-8K left to convert. News will make this fly IMHO.
News, (DTII) Signs Safer School Technologies as Distributor servicing the State of Texas.
That agreement was cancelled:
From DTII 10Q: https://www.sec.gov/ix?doc=/Archives/edgar/data/1533357/000109690622003015/dtii-20221031.htm
News! Defense Technologies Interview CEO ‘The Street Podcast”.
Could be a while
If they are in the conversion group of only 4.99% of the I/O, at 1.5 mil I/O that's around 78K shares, so at $0.08 around $6K per conversion, so perhaps three more conversions and dumps in my opinion. Sure is taking them a long time to keep the share price down, though they do have (from DTII 10K):
Wow, 0.26% increase in DTII I/O
Must be keeping some people up at night with worry about that huge dilution. LOL
Still Red Road selling their converted shares of DTII stock, at a loss no less. They can only convert 4.99% of I/O at a time according to DTII filings. About $20K left for them and they will be gone.
GLTA #DTII
Nice volume today for DTII and up 26.61%
GLTA #DTII
ATP shows the trade at 14:11 ET @0.104. Not sure why no update at the lower price.
Bid whacker @ $0.104 of 38622 shares is the best I can guess. Bid was $0.109, shows red trade on ATP.
I particularly liked the 12878 trade @ 16:02.
I am still of the opinion that Red Road shorted themselves on DTII the other day.
Next week could be interesting.
GLTA #DTII
That's why in my opinion, I think Red Road, LLC short sold the other two times that they dumped DTII stock, last week or so, and this week. A typical toxic debt conversion dump IMO that I have seen time and again.
GLTA #DTII
Oh noo... someone spent $43.00 on DTII
to bring DTII's average low down, again. Who could that be???
Still Red Road, who from my math has only around $20K to go until they are done.
From 10Q:
Agreed, accumulation and this will move up fairly quickly with news of sales and further distributor sign ups. With increased I&O, market cap goes up as well. A good sign.
GLTA #DTII
If one reads the 8K and 10Q, no surprise I&O going up.
From DTII 8K July 29, 2022
Indeed, up 109.47% $0.199
Something brewing? Time will tell.
GLTA #DTII
News! Shareholder Update - DTII Market Potential
That would be Red Road selling off DTII. Read the 10Q and look at the dates.
10Q filing for Jan 31,2023
Filing Link
8K Filing
And... Red Road is bidding the stock price down
Form DTII 10Q
DTII Bid at 0.113 x 13,800
Looks like someone wants cheapy shares of DTII, proving there is a market for the stock and that action is coming soon, IMHO.
DTII, is a fully reporting and audited company. Not how scams work. You want to review a potential scam company, look at Virexit, who DTII cut ties with according to their latest filings.
GLTA #DTII
Looks like a game of paddle ball.
I have VAMA of 0.2536 for DTII @ 90,964 volume. It could be an interesting close.
GLTA #DTII
Close @ $0.24 with 64,119 volume
A good day for DTII. VAMA @ 0.2719.
GLTA #DTII