Replies to post #16775 on Defense Technologies International Corp (DTII)

[Edward]

No, that is not new.

That O/S is the same as 4/12/2024 when it was last changed. see post#16757.

The OTC udates every coulple of weeks.

[Edward]

As a follow up.

The 9.7 million shares O/S is a lot for the reason below.

Don't forget that is after two major reverse splits and two smaller ones:

Capital Change=shs decreased by 1 for 500 split Pay date=05/02/2011.
Capital Change=shs decreased by 1 for 20 split Ex-date=04/04/2014.
Capital Change=shs decreased by 1 for 1500 split Ex-date=04/09/2018. Pay date=04/09/2018
.Capital Change=shs decreased by 1 for 500 split. Ex-date=06/28/2022. Pay date=06/28/2022.

If the 9.7 is multiplied by 2520 (total of reverse splits) comes to 24.4 billion shares O/S.

That's the reason why SCAM companies like DTII do reverse splits,so as to mask what is really going on.  Real companies do a reverse split so they can qualify to uplist to a higher exchange IE: Nasdaq.

Not the case with DTII.


After the last reverse split they had a few hundred shares O/S and in a short period in time it has gone to 9.7 million, with more to come.

Also when they did a reverse split the authorized usually reduces by the split amount. DTII did not reduce
the authorized amount which is still 600 million.


Right POCO.