(NEW YORK)–Defense Technologies International Corp (OTC:DTII), a developer of security technologies, announces debt settlement establishing $0.01 floor on any conversions.
Debt Settlement Floor
On June 13, 2017, the Company announced it had 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 common stock, and carries voting rights on the basis of 100 votes per preferred share on any vote of common stockholders.
If fully converted those preferred shares would come out to around 17,518,240 common shares. For the debt holders of the new preferred shares to be made whole on their $175,000 debt DTII stock would have to be trading at a minimum price of at least $0.01 to $0.02 per share, thus setting a floor on any expected conversion.
Non X-Ray Metal Detectors
The Company’s ‘Offender Alert Passive Scan™ is a ‘next generation’ walk-through detector scanning unit. Its special value comes from its passive and emits nothing through the subjects, while security scanner systems currently in utilization effectively use X-ray in some form. This patented and trademarked passive scanning system allows for detecting and identifying concealed threats, such as guns and knives etc, while offering no X-ray exposure to subjects scanned by the system.
School Market: The non X-ray feature with the Offender Alert Passive Scan™ could become a very attractive selling point, especially for places like schools where children’s health concerns are an issue.
The market potential for schools in the US alone is over 250,000. If the Company were to secure just 10% of the school market with their new non X-ray units that would equate to nearly 25,000 schools, and this in the US alone mind you. This does not take into account for international sales to schools, or other high traffic venues such as office buildings, airports, nightclubs, and sports arenas here in the US, and abroad.
As of July 2017, the Company had roughly 200 million shares issued and outstanding, and was trading under the ticker symebol “DTII”.
About Defense Technologies International Corp.
Defense Technologies International Corp (OTCQB:DTII) core ideology is to provide superior solutions for today’s new world risks and threats. DTC is positioned to enter the, until now, untapped public school market segment for threat detection security. DTC has assembled a respected team of experts with decades of experience sharing a common vision of safety, quality, service & share holder value. Team members bring to bear a broad spectrum of executive, international & corporate experience, coupled with extensive diplomatic relationships both at home and abroad. www.defensetechnologiesintl.com
Register for Updates
To receive updates, or to be added to this company mailing list, please register online to request an investor packet on this company at https://wallstreetnewscast.com/investors/
(Please indicate which company you are interested in the subject box provided)
This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Wall Street Newscast (“WSNC”) does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. WSNC, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B Wall Street Newscast was compensated thirty thousand restricted shares for ongoing media advisory services, and thus should be considered a possible conflict of interest when reviewing this report and information. WSNC, or its affiliates, may hold a position in above securities from time to time, and thus should be considered a possible conflict of interest when reviewing this report and information. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial advisor before any and all investments.
Safe Harbor Statements:
This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the
expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
Small and Micro cap, or ‘penny stocks’, involve a high degree of risk, and we highly encourage investors to consult with a financial advisor before making any and all investment decisions when investing in these type of securities.
- Data Elf Launches Online Network for AI and Data Science Programmers - January 20, 2020
- These Small Cap IoT Stocks Offer Real Upside Potential - December 3, 2019
- Orbsat (OSAT) Potential for Global IoT Data Provider Through Satellite Network - November 20, 2019
- Alpine 4 (ALPP) Stock Pulls Back After Major Run in Share Price - November 6, 2019
- GTX Corp (GTXO) Stock Offers Upside Valuation Potential as Wearable IoT Play - October 31, 2019
- Cannabis Stocks get Upgrade at Oversold Levels - October 10, 2019
- FDA Guidance on CBD Infused Products May Signal Bottom for Stock Sector - August 17, 2019
- Vectorspace AI (VXV) and ESTC Discuss Visualizing Alpha Utilizing Datasets and Canvas - August 8, 2019
- Vectorspace (VXV) Crypto Coin Big Uses for Quant Hedge Funds - July 1, 2019
- BioHemp (BKIT) Added to Watch List as CBD Distribution Play - June 28, 2019