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Whaddya know, notes settled and OS is stabilized!!!
https://www.nasdaq.com/press-release/dsg-global-pays-off-all-active-convertible-notes-in-preparation-for-growth-and-market
News out 9:22 edt
Surrey, British Columbia , Canada, Sept. 22, 2020 (GLOBE NEWSWIRE) -- DSG Global Inc. (OTCQB: DSGT) (“DSGT”), a technology development company engaged in the design, manufacture, sales and leasing of GPS tracking devices, interfaces for golf and electric vehicles and related support services is pleased to announce that it has repaid and satisfied existing convertible notes that had become due and convertible into common stock at a significant discount to market.
As a result of the full payment of the Notes, the Notes are no longer a debt obligation of the Company and, as such, are no longer convertible into shares of the Company's common stock.
“Eliminating these convertible notes represents a significant milestone for DSG Global as now for the first time in two years we are not encumbered by structured financing. Now that the share count is stabilized, we believe we will see a more appropriate valuation in the marketplace. Given our outlook for strong growth across multiple sales channel and the rapidly improving fundamentals of our business, we are now in a position where we will no longer need to fund the company though toxic convertible debt,” commented Bob Silzer , President and CEO DSG Global .
What happened with the notes that converted Friday? Why isn't dilution causing sp to crater.
Possibly, because the notes have already been settled. If you look at the 10Q for the 2 notes due last Friday, you will see they had been partially paid in Q2. No reason not to expect that to have continued in Q3.
Looks to me they must have been 100% settled, either by conversion or payoff. Regardless they don't seem to be an issue as sp is up 20%. SP increase is not a hallmark of dilution.
Let's see those cars in the showroom!!!
Excellent to wake up to this news!
https://www.nasdaq.com/press-release/galaxy-next-generation-receives-%241.5-million-purchase-order-under-its-supply
Dank, I believe 9/30 is the date they have projected for the 10K. June 30 was the end of the fiscal year. The 10k is actually due 09/28.
https://www.securexfilings.com/sec-deadlines/#Filing_deadline_calculator
Effective Date of the Plan. This Plan was adopted by the Board effective September 16, 2020 (the “Effective Date”).
Possibly, what is your estimate of the conversion price?
SP does not increase with dilution.
Yep, bid currently 265. Green Acres open it looks like.
Good day, up 11.43%. Painted down in the last 27 seconds, tomorrow should be a bright green follow through.
Excellent DD GR.
I remember that post, and even 100m is a low OS in the otc. There are several OTC flyers every year with billions in the OS.
Track, it is certainly a plausible explanation.
Jonway absolutely needs Imperium to be successful given the exclusivity agreement. So if funding the first order needed to be shares for inventory, I am sure Jonway would be amenable.
It would be a good move for both parties.
1st year revenues will more than cover the increase in shares assuming Rick's projection of 100's/month is achieved. Future inventory will be funded from those sales.
For those concerned about the increase, keep in mind SP never goes up during toxic note conversion.
Let's see how it unfolds over the next few weeks.
First, understand companies receive money from notes upon creation of the note, not when it converts and is sold into the market. DSG did not receive money from dilution.
That aside, OS update on 8/14 showed 31m, 9/11 OS shows 61m. So yes OS has effectively doubled. And if that is the current OS then 2m is also the current float since it was updated as of 8/31.
I have mentioned several times that events of 2020 would probably lead to an increase in OS from the January guidance of 22m. My guess was 40-45m, perhaps it was more. However that would assume toxic note dilution?
We know SP does not increase during toxic dilution, much less .013 to .27. Perhaps there was some transaction of ownership taking place? Perhaps Jonway simply bought shares. Maybe DSG traded shares for procurement of EV's from Jonway. Perhaps a private placement? Several scenarios could explain the OS increase. Some of them would be considered a material event, in which a filing would be anticipated.
So, I do think a portion of the increase is due to 2020 events. I also believe some positive transaction has/is occurring. Again SP went from .013 to .27 during the 2 day total volume of 80m shares. That could not have been toxic dilution.
I will wait for future news/filings to fill in the gaps.
He probably laughed when you asked him. It would take a really novice trader to put forth an RS concern on a 31m OS.
yes, 90 days after FY end. Monday, September 28, 2020
https://www.securexfilings.com/sec-deadlines/#Filing_deadline_calculator
Up 26% today, low volume. Neither characteristic of dilution lol.
Track, it's a summary that includes the LOI news about Evrus that was pr'd recently. Nothing in it about DSGT uplisting.
https://ih.advfn.com/stock-market/USOTC/dsg-global-qb-DSGT/stock-news/83250997/recent-accretive-acquisition-up-listing-to-nasdaq
Yep someone just put the marker down. Closing green and blowing it out next week.
Yep.
Float 2,071,767 08/31/2020
But don't believe me, read it for yourself.
https://www.otcmarkets.com/stock/DSGT/security
Yep, today it will rally into the close and then rocket up beginning Monday.
Right products, right time, winner!
I rest my case, thank you for proving my point.
They also have a history of a forward split but that doesn't suit the narrative does it?
I agree Steve. Any confirmation of revenue received or contract for revenue will send this flying. The foundation is built and solid.
I agree JE1. I do expect it to increase. The target OS pre-covid had to change imo.
Wow, that is 5 times the actual AS and over 3 times the current OS.
https://www.otcmarkets.com/stock/DSGT/security
This is 2020 and OS is 31.3M...with an M.
What had to be done for survival in 2018 is old, really old news. Some lost money because they sold, others averaged down to position themselves for success. We all make choices.
Nice try, TA will tell you to contact the company. They update the SS once a month.
Thanks for verifying it Track. I can't wait to see the showroom and lot full of cars. My wife still wants one of the W coupes!
The recent PR's have demonstrated TPT is adding necessary pieces needed for success. Stephen said TPTMedtech has everything it needs now. When the first revenues are reported this will explode.
Disingenuous posters want you to believe there is a "history" of RS here. Absolutely untrue. In fact in their 12 year history there were only 2 and also 1 forward. The 2008 FS & 2015 RS basically cancel each other leaving only the March 2019 RS that matters, and it is becoming more distant in the rear view mirror each passing month.
Also, there is no chance of another split with an OS of 31m. Lol a 1:10 would leave an OS of 3.1m.
Better chance of seeing another FS once revenues start than a reverse.
Here is the true history of splits:
Making this a sticky, thanks BMOC.
Rennovas PR this morning
https://www.globenewswire.com/news-release/2020/09/09/2090870/0/en/RENNOVA-HEALTH-INC-COMPLETES-AGREEMENT-TO-SELL-ITS-WEST-PALM-BEACH-BASED-CLINICAL-LABORATORY.html
WEST PALM BEACH, Fla. , Sept. 09, 2020 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTC: RNVA) (OTC: RNVAW), today announced that it has completed an agreement to sell its last clinical laboratory, EPIC Reference Labs, Inc. in West Palm Beach Florida to TPT Global Tech, Inc. (OTC: TPTW) Rennova will continue to operate the lab on behalf of TPT until the change of ownership process is complete. Rennova will receive $750,000 for the lab and its license. The purchase price does not include any equipment which may be purchased separately by TPT. Equipment not purchased may be utilized by Rennova’s hospital based labs.
TPT intends to use the EPIC Reference Lab as a base from which to launch its mobile QuikLab to deliver rapid Covid-19 point of care testing. Rennova’s software division is currently working with TPT to provide the LIS (Lab information system), equipment integrations and other technology and software to these mobile labs.
“This sales concludes the transition of our business from a diagnostics company to an owner and operator of rural hospitals with their own clinical labs” said Seamus Lagan , CEO of Rennova Health . “This sale and the ongoing collaboration with TPT Global Tech to provide IT and software services for their QuikLab business strategy creates value and opportunity for both parties”
Rennova has previously disclosed on June 12, 2020 . its agreement with TPT Global Tech, Inc. that will lead to Rennova’s software and genetic diagnostics interpretation divisions becoming a public company in which Rennova shareholders will receive shares. This transaction is nearing completion.
Currently, TPT’s newly formed subsidiary, InnovaQor, Inc. has completed a merger agreement with a public company. That public company has initiated the steps to complete a name change to InnovaQor, Inc. and receive a new trading symbol. On completion of this process we expect to complete the merger of our software and genetic testing interpretation divisions, Health Technology Solutions, Inc. (HTS) and Advanced Molecular Services Group, Inc. , (AMSG) into InnovaQor, Inc.
Completion of the transaction remains subject to a number of approvals and consents which need to be secured to complete the transaction. Subject to the relevant SEC approvals it is intended that Rennova Health will receive approximately $22 million of preferred shares, $5 million of which will be converted to common shares and distributed to Rennova Shareholders with the remaining approximately $17 million of preferred shares held by Rennova as an investment in InnovaQor and convertible to common shares on achievement of certain milestones going forward.
Rennova will be responsible to appoint management to the project. While we are confident on a successful completion of this transaction there can be no assurance that the transaction as described will close successfully or that terms including numbers or values for consideration shares will not change significantly before closing.
InnovaQor, Inc. will further develop and sell the IT and technology assets already developed by Rennova and TPT, with an initial focus on an expanded telehealth like platform to provide a complete solution for patients and hospitals in rural communities.
Thanks. But, weren't we supposed to crater today because of your video Friday lol
Sounded to me like someone that just experienced the covid shutdown. No company can guarantee revenues until we are beyond the pandemic.
Corpus has 59 schools and over 37k students.
However it and San Antonio are the only two cities in the top 10 most populous cities that are in south Texas.
My guess is Harlandale near San Anotnio
https://www.niche.com/k12/d/harlandale-independent-school-district-tx/
Finally TDA got the news lol.
School District is Welcoming Back its Teachers and Students for Classroom Learning with Protective Equipment.
TOCCOA, GA / ACCESSWIRE / September 8, 2020 / Galaxy Next Generation, Inc . (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, is pleased to announce it has received a committment for up to $600,000 in Cov-Shield products from a school district in southern Texas . The city is a top ten most populous city in Texas .
The school district encompasses 31 schools for its more than 1,400 teachers and over 23,000 students. The commitment is for up to 35,000 Cov-Shield units as it gets ready to welcome back its teachers and students into a safe and protected classroom.
To be clear your response insinuated otherwise. Of course that wasn't by oversight.
I know you have been watching for sometime bmoc. Do you mind if I sticky this post?