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as far as the convertable loan it's probably already been diluted and over with,considering the price move from 20's to 07 area. and don't tell me anything else since none of us really know what happened with of balance sheet money moves.
NET LOSSES INCREASING AND SO IS THE
IS THE DILUTING.. IT'S GOING UNDER 1 PENNY BEFORE 2023
DON'T BE TRICKED BY THE CEO'S FAKE NEWS..
IT'S JUST A SCUMMY GOLF CART STOCK THAT CAN'T SELL ENOUGH TO PAY THE EMPLOYEES
Who doesn't want a Shelby Golf Cart!!!!
Starting to look at this one. revenue seems to be increasing......
Once the $3 million in a convertible loan
Defaults it will unload a min. 97 million shares.
It could be more if the Sp drops further before maturity date.
There won't be any buyers for all those shares so the lender will drop the price as low as possible to sell all those.
I can't wait to see how far it drops. I'm guessing $.005
No mergers my friend. The latest 10K has
Several pages of outstanding debts
Including toxic notes. I already posted the list of debts. And the link to read it yourself
something else going on here,no one knows what,but i can't see any debt on otc reports, also no reason to not file already. with accounnting firm change,Rick move to muln,... will wait and see. but merging with muln is possible
NOW THE AUDITOR QUIT.. HOW LAUGHABLE
Item 4.01 Changes in Registrant’s Certifying Accountant.
(a) On May 17, 2022, the Board of Directors of DSG Global, Inc. (the “Registrant”) accepted the resignation of Harbourside CPA LLP (“Harbourside”) as the independent certifying accountant for the Registrant. The Board of Directors of the Registrant participated in and approved the decision to change independent registered public accounting firms. None of the reports of Harbourside on the Registrant’s financial statements for either of the past two years contained an adverse opinion or disclaimer of opinion, or was qualified or modified as to uncertainty, audit scope or accounting principles, except that the Registrant’s audited financial statements for the year ended December 31, 2021 contained a going concern qualification in the Registrant’s audited financial statements.
During the two most recent fiscal years and any subsequent interim period preceding Harbourside’s dismissal, there were no disagreements with Harbourside on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of Harbourside concerning the subject matter of each of such disagreements would have caused them to make reference thereto in their report on the financial statements.
The Registrant provided a copy of the foregoing disclosures to Harbourside prior to the date of the filing of this Current Report on Form 8-K and requested that Harbourside furnish it with a letter addressed to the Securities & Exchange Commission stating whether or not it agrees with the statements in this described herein. A copy of such letter is filed as Exhibit 16.1 to this Current Report on Form 8-K.
(b) On May 23, 2022, the Registrant’s Board of Directors approved the engagement of BF Borgers CPA PC (“Borgers”), as the Registrant’s independent accountant effective immediately to audit the Registrant’s financial statements and to perform reviews of interim financial statements. During the fiscal years ended December 31, 2021 through the date of this report, neither the Registrant nor anyone acting on its behalf consulted with Borgers regarding (i) either the application of any accounting principles to a specific completed or contemplated transaction of the Registrant, or the type of audit opinion that might be rendered by Borgers on the Registrant’s financial statements; or (ii) any matter that was either the subject of a disagreement with Harbourside or a reportable event with respect to Harbourside.
WHERE'S THAT 2 MILLY FLOAT.. OH DID THIS SCAM
DILUTE EVERYONE INTO A BLACK HOLE?
NOW ITS 132000000
60 TIMES HIGHER
NO WONDER THIS CRASHED
WARNING WARNING CEASE TRADE ORDER
COMING. BOB SILZER MISSED THE DEADLINE.
HE GETS A CEASE TRADE ORDER EVERY YEAR THIS GARBAGE HAS BEEN TRADING
NOW RICK CURTIS DUMPED DSGT
MASSIVE DILUTION IN 1 MONTH DUE TO THE TOXIC NOTES THEY ISSUED EVEN AFTER THEY ANNOUNCED THEY HAD NO MORE TOXIC NOTES IN 2020.
OBVIOUSLY BOB LIES. THE FILINGS ARE INFESTED WITH THEM.
YOU CAN EXPECT THE AUTHORIZED SHARES ALL ISSUED BY THE END OF THE YEAR AND A PRICE OF $.005
THEN A MASSIVE RS
WARNING WARNING CEASE TRADE ORDER
COMING. BOB SILZER MISSED THE DEADLINE.
HE GETS A CEASE TRADE ORDER EVERY YEAR THIS GARBAGE HAS BEEN TRADING
NOW RICK CURTIS DUMPED DSGT
MASSIVE DILUTION IN 1 MONTH DUE TO THE TOXIC NOTES THEY ISSUED EVEN AFTER THEY ANNOUNCED THEY HAD NO MORE TOXIC NOTES IN 2020.
OBVIOUSLY BOB LIES. THE FILINGS ARE INFESTED WITH THEM.
YOU CAN EXPECT THE AUTHORIZED SHARES ALL ISSUED BY THE END OF THE YEAR AND A PRICE OF $.005
THEN A MASSIVE RS
I've never seen terms as unfavorable as this
One. They added $400k right at the start..
Then 100k each month any bit went unpaid.
All with 9% interest annum
And a 40% discount on SP when they convert
DSGT got $2000000 cash and will have to pay well over $3000000 when it matures.
Today they start counting the lowest share price for June 20.
Do you think Bob has the money to pay this or will he let it go into default as usual..l
10-Q late again. Not good.
Rick left for MULN.
DSGT looks to be bankrupt.
Huge dilution coming with that debt conversion coming.
I don’t see this stock surviving into 2023.
Bob has destroyed this stock.
Good riddance.
Hope they cease trade on this POS.
LMFAO.
Hahahahahahahahaha.
People were warned over the past year.
MASSIVE PENNY SCAM ALERT.. PENNY SCAM l
ALERT. RICHARD CURTIS ABANDONS HIS PENNY SCAM DSGT
https://eletric-vehicles.com/mullen/mullen-automotive-hires-imperium-mc-president-to-lead-its-international-operations/
THE BOB SILZER ASSISTANT RICHARD CURTIS RECENTLY ABANDONED SHIP BECAUSE EVEN DSGT IS TOO MUCH OF SHIPWRECK FOR THIS SCAMMER
HE KNOWS HE COULD BE LIABLE FOR CRIMINAL MONEY LAUNDERING AND INVESTMENT FRAUD. DSGT IS SO BAD THESE DAYS THAT HE EVEN WON'T STAY.
NOW ALL THAT'S LEFT IS A PENNY SCAMMER CEO. THAT IS BOB SILZER.
The article says
"Until now, Curtis served as the president of Imperium Motor Company (automotive subsidiary of DSG Global)."
"Until now"
when and if that's the case it will be there. you know announcing material event without signing of all papers is illegal
WARNING PENNY SCAM ALERT; INVESTOR ALERT;
READ THIS MASSIVE TOXIC LOAN DUE SOON..
On September 13, 2021, the Company entered into a securities purchase agreement with a non-related party. Pursuant to the agreement, the Company received cash proceeds of $2,000,000 on September 13, 2021, in exchange for the issuance of an unsecured promissory note in the principal amount of $2,400,000, which was inclusive of a $400,000 original issue discount and bears interest at 9% per annum to the holder and matures June 20, 2022. If the note is not paid in full before December 12, 2021, an additional $100,000 of guaranteed interest will be added to the note. An additional $100,000 of guaranteed interest will be added to the note on the 12th day of each succeeding month during which any portion of the note remains unpaid. Any principal or interest on the note that is not paid when due or during any period of default bears interest at 24% per annum.
In the event of a default, the note is convertible at the price that is equal to a 40% discount to the lowest trading price of the Company’s common shares during the 30-day trading period prior to the conversion date.
THE DUE DATE IS 35 DAYS AWAY AND THE NOTE ADDED 600K IN INTEREST ALREADY
.045 x 0.60 is .027
And 3000000 / .027 is 111,111,111
Shares issued
IT'S STILL NOT PAID PER THE OUTSTANDING
INDEBTEDNESS PAGE IN THE 10Q FILING
The ceo has always let convertible notes go into default they can pay with free shares since they don't have any cash.
Look at all that interest money charged Plus 2.4 milly.
These clowns don't have millions in cash
They can't even sell one car
Meanwhile management gives themselves massive pay increases and annual bonuses
Board of directors got paid almost a million dollars last year
That money comes out of the toxic loans like this one.. yep it's a money making scam for boss
Where's the filings my friend?? No 8k.. no
Acquisition letters.. no filings, no mergers.
Believe me if there was a merger, the penny scammer CEO Bob would be hyping it because that's what dilution scams do.
Watch this garbage dump tomorrow
Cease trade order processing
Perfect storm..
i mean really? you think rick or anyone else waiting for people to reply?
that can only mean one thing. merger between this two.
NOT THAT EXCLUSIVE WHEN MULLEN HAS
THE NEWEST SKYWORTH CARS FOR SALE ON ITS WEBSITE
REMEMBER DSGT PROBABLY HAD TO FORFEIT SINCE THEY DIDN'T ORDER THE 1 THOUSAND CARS BEFORE MARCH 2022.
HAHA TRY TO GET IN TOUCH WITH RICK
SCAMMER. HE'S GONE WITH YOUR MONEY.
Kia and Hyundai got their EVs homologation
Complete in a few months. It was easy.
It's been 19 months for this scam and still no clown cars.
Or Maybe bob Silzer never planned on it. He dumped 130000000 shares and now he's wealthy
ok that's outright lie
its exclusive for 10yr.
so my idea of merging is right then. when/where did you see mulen ad skywork( this has been changed long time ago,funny you didn't know)
because that's just not how business works. i see issue of not being able to promote new ev brand,or anything new in ultra competitive market,and i see the POLITICS of it too. but by no means i blame co. for this. for me it was very obvious homologation is slowed down on purpose, all other issues are Chinese side.
There's no company filings on it folks.
You need to write some 8Ks or acquisition letters.
Rick Curtis didn't notify his followers or even respond to questions
No comments from Penny scamming CEO Bob
This is exactly what happens to scammers
I wonder why people can't just accept that Rick Curtis dumped dsgt because it's a trash Penny scam
Mullen isn't having a problem getting cars.
Their stock is at $1 with triple the shares out.
Bob even said in 2018 the reason for the collapse of the company in 2016 was because he relied on china trash parts and it ruined the whole company through lawsuits and angry customers.
Then after he diluted billions of shares and did a massive reverse split be goes right back to the chinese knowing what they're good for. Besides he promised a factory to assemble all his clown cars and it's not here. He just lies and makes things up to sell more shares and says sorry when you lose 99% of your money..
Also it appears skywell change their name to skyworth and Mullen advertises skyworth cars now. What happened to that exclusive deal with dsgt bahahahahahaha.. I think it's canceled since dsgt failed to order 1,000 cars within the first year.
100% scam
He was with mullen b4.this may end in some merger/cooperation
but all of this is not dsg fault its what's going on all over,get that part? it's on Chinese side.big shutdown etc..
Lolzzz Rick Curtis abandoned his twitter after
The article announced he's working for the competitor. I guess he knew his reputation was at risk of being known as a penny scammer helping silzer. He already helped scam all the shareholders who bought at $1.
THEY PROMISED EVS EARLY 2020. THE FRAUD
MGMT SAID TRUCKS, SUVS, CARS, AND 3 WHEELERS WERE AVAILABLE FOR SALE EARLY 2020. IT SAYS RIGHT IN THE PRS.
AND THEY ALSO SAID NO MORE TOXIC NOTES BUT LOOK WHAT'S HAPPENING. DSGT NOW INFESTED WITH TOXIC NOTES FOR MASSIVE SHARE DUMPING
2 YEARS AFTER AND STILL NO DEALERSHIPS, NO CARS, NO BUS, NO SALES, NO INVENTORY, NO WORKERS, NO FACTORY..
AND NOW PRESIDENT OF IMPERIUM QUIT AND WENT TO THE COMPETITOR
LOOKS LIKE A SCAM TO ME
I KNOW HOW THE FRAUD CEO MAKES UP FAKE ARTICLES TO HELP CONVERTIBLE NOTE HOLDERS DILUTE
I TOLD YOU THIS WOULD HAPPEN IN ADVANCE AND I WAS RIGHT.
i mean why you call legit running co. a fraud? ev business is tough rn.with China shutdown and all. and no normal person expected this to be tesla overnight. Sounds like you Bob's former son in law ,lol
NOPE MY FRIEND 10QNT MEANS IT DUE ON
THE 5TH DAY AFTER THE DUE DATE.
IT WAS SUPPOSED TO BE FILED BY FRIDAY AFTERNOON. BAHAHAHAHA THE PENNY SCAMMER CEO MISSED AGAIN
SINCE THE BCSC IS ON TOP OF IT WE SHOULD SEE A SEA TRADE ORDER SHORTLY.
IT'S BETTER WHEN PENNY SCAMS RECEIVE THEIR PUNISHMENTS.
drunk?late 10q was filled on 5/16 and there's 15day window. so do the math or ask for help
Don't forget about the missing 10Q filing
The BCSC already knows and we can expect CTO next week
And there's 100,000,000 shares that will be dumped after the next toxic loan converts next month.
It can be 200 million if the stock price doesn't hold before converting
Rick was a POS just like Bob.
Both are scamming POS. JMO.
DSGT should be at trips by now.
Another RS is inevitable.
Not good that Rick jumped ship. Finally came to his senses.
Bob you suck as CEO.
Time to retire old man.
CHECK OUT THE PERFECT STORM EVERYONE
CEASE TRADE ORDER NOW PENDING BECAUSE OF A MISSING REPORT
MASSIVE CONVERTIBLE NOTES COMING TO WITHIN THE NEXT MONTH WITH UNFAVORABLE TERMS
NOW PRESIDENT OF IMPERIUM EV QUIT AND WENT TO THE COMPETITOR
ARE YOU KIDDING ME?? BEFORE THAT
HAPPENS THERE NEEDS TO BE FILINGS SUCH AS ACQUISITION LETTERS AND 8KS
NEITHER HAVE BEEN FILED BY EITHER COMPANY
OOOF WISHFUL THINKING EVERYONE
HE JUST QUIT AND WENT TO A THE COMPETITOR
DSGT A FAKE COMPANY WHO ISSUES SHARES
FOR MONEY NOW IS SUBMITTED TO THE BRITISH COLUMBIA SECURITIES COMMISSION FOR MISSING FINANCIALS
THEY DIDN'T HAVE THE DOCUMENT BY THE END OF THE DAY.
NOW IT'S SOON TO BE A CEASE TRADE
CANADA FOLKS BETTER SELL IF THEY HAVE A CHANCE
WHERE'S THAT MISSING 10Q EVERYONE??
https://www.otcmarkets.com/stock/DSGT/disclosure
IT'S NOT EVEN PUBLISHED
THE BCSC WILL CEASE TRADING VERY SOON IF DSGT CAN'T COME THROUGH
I STILL RECALL THE 5 WEEK SUSPENSION LAST YEAR FOR MISSING DOCUMENTS.
BOB SILZER KNOWS THAT A DISASTER IS
COMING AND HE'S FREAKING OUT.
DESPERATE SCAM CEOS MUST MAKE DESPERATE DECISIONS.
HE NEEDS THE GRAVY TRAIN TO SURVIVE LONGER AND SINCE HIS PAYCHECK IS PAID FOR BY SHAREHOLDER'S MONEY HE'S NOT LOSING MUCH.
THIS CEO WILL DO WHATEVER IT TAKES TO KEEP THE UNSUSPECTING STOCK HOLDERS DONATIONS
LOOK THE PENNY SCAM CEO ROBERT SILZER
GOT DESPERATE AND NEEDED TO PROP UP HIS TRASH PENNY STOCK..
HE SPENT SOME OF THE SHARE HOLDER STOLEN CASH TO BUY SHARES AND TRY TO RAISE THE STOCK PRICE
THE Q1 FINANCIALS ARE MISSING AND NOW DSGT CAN CEASE TRADING AS SOON AS MONDAY AND ON MONDAY THE TOXIC CONVERTABLE LOAN WILL START RECORDING THE LOWEST SP BEFORE IT CONVERTS INTO 100 MILLION OR MORE SHARES.
I could have been a contender… had money , now no fame, I have nothing… no Full-size sales, delivered no SEVS … no money!! Owe tons of money!!!
MASSIVE PENNY SCAM ALERT.. PENNY SCAM
ALERT. RICHARD CURTIS ABANDONS HIS PENNY SCAM DSGT https://eletric-vehicles.com/mullen/mullen-automotive-hires-imperium-mc-president-to-lead-its-international-operations/
THE BOB SILZER ASSISTANT RICHARD CURTIS RECENTLY ABANDONED SHIP BECAUSE EVEN DSGT IS TOO MUCH OF SHIPWRECK FOR THIS SCAMMER
HE KNOWS HE COULD BE LIABLE FOR CRIMINAL MONEY LAUNDERING AND INVESTMENT FRAUD. DSGT IS SO BAD THESE DAYS THAT HE EVEN WON'T STAY.
NOW ALL THAT'S LEFT IS A PENNY SCAMMER CEO. THAT IS BOB SILZER.
WITH NO QUARTERLY REPORT TO VIEW AFTER
THE DEADLINE THIS SCAMMER OPERATION IS LIABLE FOR MORE TRADING SUSPENSIONS.
IF THE FINANCIALS AREN'T DONE BY THE END OF THE DAY WE CAN REPORT FRAUDULENT DSGT TO THE AUTHORITIES
REMEMBER THE CEASE TRADE LASTING FOR WEEKS LAST YEAR?
THEN THE STOCK CRUMBLED AFTERWARDS
1/3 of Dsgts team leaves b/4 the stock tanks Rick Curtis!goes to MULN
1 MORE DAY TO FILE THE 10Q BEFORE GETTING
A CEASE TRADE FROM CANADA
I CAN REPORT THEM AT THE END OF THE DAY AS SOON THEY MISS THE FILING
I HOPE WE CAN GET THEM SUSPENDED AGAIN JUST LIKE LAST YEAR
OUCH THE CEO EVEN WROTE THIS LATEST 10K
Note 2 – GOING CONCERN
"These consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders and note holders, the ability of the Company to obtain necessary equity financing to continue operations, and ultimately the attainment of profitable operations."
"As at December 31, 2021, the Company has a working capital deficit of $2,314,163 and has an accumulated deficit of $57,694,695 since inception. Furthermore, the Company incurred a net loss of $6,384,655 and used $5,613,568 of cash flows for operating activities during the twelve months ended December 31, 2021. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These audited consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern."
"To carry out our proposed business plan for
the next 12 months, we estimate that we will need approximately $40 million in addition to cash on hand as of December 31, 2021. If cash on hand, revenue from the sale of our cars, if any, and cash received upon the exercise of outstanding warrants, if any are exercised, are not sufficient to cover our cash requirements, we will need to raise additional funds through the sale of our equity securities, in either private placements or registered offerings and/or shareholder loans. If we are unsuccessful in raising enough funds through such capital-raising efforts we may review other financing possibilities such as bank loans. Financing might not be available to us or, if available, may not be available on terms that are acceptable to us.
Our ability to obtain the necessary financing to carry out our business plan is subject to a number of factors, including general market conditions and investor acceptance of our business plan. These factors may make the timing, amount, terms and conditions of such financing unattractive or unavailable to us. If we are unable to raise sufficient funds, we will have to significantly reduce our spending, delay or cancel our planned activities or substantially change our current corporate structure. We might not be able to obtain any funding, and we might not have sufficient resources to conduct our business as projected, either of which could mean that we would be forced to curtail or discontinue our operations."
HOW MANY REVENUES ARE THERE AGAIN??
THAT MEANS THEY WILL DUMP MILLIONS OF SHARES AND RUN THE STOCK DOWN TO TRIPLE ZEROS.
HAVING SCRAPS IN REVENUE WHERE WILL THE CEO GET MONEY TO PAY THESE DEBTS..??
OUR CURRENT INDEBTEDNESS AS OF DECEMBER 31, 2021, IS COMPRISED OF THE FOLLOWING:
Unsecured, convertible note payable to a former related party with an outstanding principal amount of $310,000, bearing interest at 5% per annum, mature and in default;
Senior secured, convertible note payable with an outstanding principal amount of $Nil, and a carrying value of $9,487 relating to an outstanding penalty.
Unsecured loan payable with an outstanding principal amount of $31,449 (CDN$40,000). The loan is non-interest bearing and eligible for CDN$10,000 forgiveness if repaid by December 31, 2022. If not repaid by December 31, 2022, the loan bears interest at 5% per annum and is due on December 31, 2025;
Unsecured loan payable with an outstanding principal amount of $31,449 (CDN$40,000). The loan is non-interest bearing and eligible for CDN$10,000 forgiveness if repaid by December 31, 2022. If not repaid by December 31, 2022, the loan bears interest at 5% per annum and is due on December 31, 2025;
Unsecured loan payable with an outstanding principal amount of $30,115. The loan bears interest at 1% per annum and is due on May 21, 2022, with payments deferred for the first six months of the term;
Secured loan payable with an outstanding principal amount of $150,000. The loan bears interest at 3.75% per annum and is due on June 5, 2050. The loan is secured by all tangible and intangible assets of Company. Fixed payments of $731 are due monthly and begin 12 months from the date of the loan;
Unsecured, convertible note payable with an outstanding principal amount of $2,400,000, bearing interest at 9% per annum and 24% per annum in default. If not repaid by December 12, 2021, an additional $100,000 of guaranteed interest will be added to the note and on the 12th day of each succeeding month during which any portion of the convertible note remains unpaid;
DSG GLOBAL, INC
Trades on the OTCQB under stock symbol DSGT. Parent company of VantageTag Systems & Imperium EV
Vantage Tag Systems is a global leader in the design, manufacture, and marketing of fleet management solutions for the golf industry, as well as commercial, government and military applications. The company has developed the TAG suite of products that represents a major breakthrough as the first completely modular fleet management solution for the golf industry. Vantage Tag Systems suite of products is currently sold and installed around the world in golf facilities and commercial applications through a network of established distributors and partnerships with some of the most notable brands in fleet and equipment manufacture.
TAG COMMAND CENTER & INFINITY DISPLAY
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