Thursday, June 22, 2017 3:41:58 PM
"The DTII Board of Directors has unanimously approved the conversion of $175,182.37 of company debt into shares of DTII Series A convertible preferred stock. An aggregate of 1,751,824 preferred shares were issue on June 13, 2017 to two individuals in exchange for full payment of the debt. Each Series A preferred share is convertible into ten shares of DTII voting common stock on a one share of preferred stock for ten shares of common stock basis. Additionally, each Series A preferred share carries voting rights on the basis of 100 votes per preferred share on any vote of common stockholders."
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