News Focus
News Focus
icon url

Poco Parvenu

06/24/23 2:41 PM

#16357 RE: Edward #16355

If one knows anything about Securities law, one will know that if someone, passive or institutional, gets more than 5% of the outstanding shares posted, that that entity would need to file a Schedule 13D with the SEC. Hence, toxic lenders, like Red Road, limit themselves to 4.99% for each tranche of stock they convert, from any company that they have made loans to, as to not have to file a 13D and make their selling of shares public, where these sales of shares also manipulate the stock price (like we are seeing here at DTII daily), due to MM coordination, so their RR buddies can sell.

Interesting that 4.99% of the old 2,153,333 outstanding for DTII is around 106K shares, the difference between the 6/08 outstanding and the 6/23 change. A person should be able to derive that RR is still dumping DTII stock in these tranches of late, like I have stated before, not the company. Around $6K to go until RR is done with DTII, meaning one to two more tranches of 100K+ shares, based on the VAMA of $0.045, or another 200-230K shares, IMHO. But hey, as the outstanding goes up, so does market cap as the share price goes up on news of sales or other things. Hmm…