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10K/A filed today, includes XBLR files.
LINK
10K narratives are general at best and reused all the time. The news is that the production plant is now in Dallas, TX. Something is brewing for DTII for them to move production to a bigger city like Dallas. You still have not provided proof of scam, only your opinion and you should state as such.
DTII I&O 489,943 as of: 07/19/2022
Total Issuance Authorized: 489,943
Restricted Shares: 8,176
Unrestricted: 481,767
FLOAT: 481,767
Held at DTC: 480,222
Not sure where you are getting your 287 or 407.1 numbers, the above is from OTC, or what your point is.
Symbol Change to DTII Effective 07/27/2022 00:00:00
https://otce.finra.org/otce/dailyList
Indeed, a series of sales would be good.
Issued & Outstanding as of: 06/28/2022
Total Issuance Authorized: 487,277
Restricted Shares: 8,027
Unrestricted: 479,251
FLOAT: 479,251
DTII is current in its filings, no SEC complaints, and moving forward as best as they can considering an ongoing pandemic. Toxic financers are the ones diluting, unless you have proof of the company doing so, other than your opinion. Even the recent 8K filing shows progress typical scam companies do not do:
Reality check, stock price is due to they doing business with toxic financing who you can read about by referencing the filings and looking up the financers; sometimes that is the only way to fund a company that is a startup and from what I have seen in the years of following this stock, they have done well on a shoe string budget.
Donating Passive Portals to a large university, a city Police Department, and a County Sheriff's office is good marketing for an unknown product. Getting feedback from these entities I am sure is helping them make an even better product for the safety of others.
Evolv, if that is who you consider their competitor by past posts, uses active magnetic fields, not passive magnetic fields like the Passive Portal. Evolv's system has a very high false positive rate as stated in many articles on line (Axios) They are also in trouble as their stock falls in price almost everyday due to they not getting sales. Hmm, I wonder why sales fell, couldn't be an ongoing pandemic, naw..?
This company is current on filings (expensive), getting more of a sales force and marketing team put together and other things they have announced. A scam company? It that a fact that you can show proof of, or is that your opinion, and if it is your opinion, you should state so.
What is your opinion of their product based on? Have you seen it in person, read a review regarding it (please share it if you have) or is this just your opinion, which you should state? Have you seen the installation videos on their website? Available here:
https://www.passivesecurityscan.com/gallery
According to 8K and News Releases the split is still in the works.
How do you know that on 4/21/2022 that the company raised appox. $16k? Reference please.
Debt reduction.
FINRA controls the when of approval, not the company. Wow!
Here is where to check:
https://otce.finra.org/otce/dailyList?viewType=Dividends%2FDistributions%2FSplits
Type in DTII to find if approved.
DTC and DTII are two different companies. DTC guy went to jail and DTII signed with inventor in October 2016.
From: https://www.sec.gov/Archives/edgar/data/1533357/000109690616002092/defense.htm
Diana15, is that your opinion, or do you know something worth sharing?
News Feedback: The University Security Department reported that they use the Passive Portal on a regular basis and it has performed without any incidents and is a trusted tool for its ability to be transported easily for mobile security anywhere on campus.
Samples are a proven marketing technique to boost sales of products by 600-2000%. IMHO, this is a very good strategy for DTII to get their scanner and other products to market, quickly.
GLTA #DTII
News! DTII announce the installation of its Passive Portal at the Florence County Sheriff's Office, South Carolina.
News! Defense Technologies International Corp. (OTC Pink: DTII) (the Company) and Passive Security Scan Inc. (the Subsidiary); innovative providers of security technology and systems with broad and diverse applications, proudly introduces the first two videos of the inauguration at CCU.
Screenings and Schools
You are assuming that this portable system (their website states: "Portable for randomized screenings; Weight: 28.5 lbs") is used only at the entrance of the facility. Public and private schools have adopted new and effective random screenings for weapons for quite some time, hence only a class of 40-50 persons are screened at differing times of day and without notice. This has been quite successful and recommended by DHS etc. Other weapons detectors are not as portable as the Passive Portal, so I think it a good move. YMMV, IMHO.
GLTA #DTII
According to DHS
Diana15, two schools, in two different states no less, using these detectors, allows for other schools in the US to know about them and how they work. Most school procurement offices need a reference school for board purchase approval, according to my friend. This is huge news to have two universities in two different states using the Passive Portal. Startups have to start somewhere; their foot is seemingly now in the door for sales.
This release also states "The Company is pleased to announce the Agreement between ECU Foundation Inc.", which could also mean more sales to this school after procurement approval. Time will tell.
GLTA #DTII
What grant Captbass are you talking about?
Daina15, thanks for the update. Fixed it in the Intro Box with OTC numbers.
GLTA
DTII!