Defense Technologies International Corp (DTII)

[Diggnun21]

Authorized Shares New Developments per Ludlow Research 7/9/2017:

Authorized Shares

Even if DTII stock were to rise above $0.01 to $0.02 the preferred shareholders wouldn’t be able to convert into common shares anyways as the shares authorized are capped at 200 million currently. So without any raise in the authorized to cover any conversion the fear of dilution has now been all but removed for the time being.

In addition, we have confirmed with the Company, that any future conversion should it happen would convert into “restricted” common shares, thus reducing the risk even more that shares could come into the market above $0.01 or $0.02 per share.

Based on the structure of this settlement into preferred shares it looks like the new preferred shareholders are in this stock for the long haul, and probably at much higher prices then $0.01 to $0.02 per share.

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