Replies to post #9631 on Defense Technologies International Corp (DTII)

[Diggnun21]

Agreed.....

Listen to the official news releases. It will serve better in the long run. I'm getting close to my 15 posts for the day. See ya tom

Here are the facts for all to hear:

On June 13, 2017, the Company issued 1,751,824 preferred shares to two individuals in exchange for full payment of $175,182 of debt. Each Series A preferred share is convertible into 10 shares of DTII voting common stock, and carries voting rights on the basis of 100 votes per preferred share on any vote of common stockholders.

If fully converted that would come out to 17,518,240 common shares. So, for the debt holder to be made whole on their $175k debt DTII stock would have to be trading at a price of at least $0.01 to $0.02 per share, minimum.

$DTII