Replies to post #16254 on Defense Technologies International Corp (DTII)

[Poco Parvenu]

That would be Red Road selling off DTII. Read the 10Q and look at the dates.

On March 22, 2022, the Company entered into a one year convertible promissory note for $91,350 with Red Road Holdings, LLC. The note has an OID discount of $12,600, bears interest at an annual rate of 9% and is convertible into shares of the Company’s common stock at 80% of the lowest trading price 15 days prior to conversion. The note at initial issuance using the Black Scholes model with computed volatility of 338% Discount rate of 0.25%, The Company recorded a debt discount of $91,350 at the inception of the note. As of January 31, 2023, the balance of the notes was $61,350, net of discount plus interest.

[Edward]

Right on schedule and expected. The O/S was increased on 3/31/2023 by 164,376 shares.




Outstanding Shares
1,268,526
03/31/2023


Old

Outstanding Shares
1,104,150
02/28/2023