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"We are excited to finally be entering the electric vehicle space. While it has taken more time than anticipated to become operational, the company will be selling hundreds of vehicles each month. said Rick Curtis, President"
Ok so what if they don't sell hundreds/month, what if they don't sell even 100. What if they averaged 50/month at ~$20k each. That is $12 million in a year and MC after Friday is a paltry $2.2m. Laughable!
If you only consider the $12m in revenue at a measly 1X MC the SP should be $0.38. Lol, put your own multiple on it, what do you get?
Wow, what if Rick, a veteran in the industry, knows what he's talking about? Where's my abacus?
Thanks R23. I hold Moe in high esteem. Has never mattered if we see a prospective trade the same or from different sides. I, as does he, fully support ppl doing their own DD.
I'll just leave this here
458.59%
20m trade-able OS
The Lost Boyz still ride lol.
Hey Moe, good to see you! The advice to secure profits is a spot on recommendation for any stock.
Regarding the negatives about Bob. We know it was a devastating vendor issue in 2017 that caused taking on the toxic notes for survival. He could have so easily moved assets to a shell and bankrupted DSGT. It would have been a total loss for shareholders but an easy way out of a tough situation. The road back has been arduous and filled with setbacks for shareholders and the company alike.
Last fall DSG signed an agreement with Jonway Automotive Group for the exclusive rights to sell their EV products in North America and Mexico. They have introduced a new 4 wheel single rider golf cart and tied it to the heart of the DSG's product, the Tag control center.
With an OS of 31m shares this is an entirely different SS than in early 2018. They have spent 2020 settling debt which they gave us guidance to in January.
US and Canadian stimulus programs have provided 3 PPP loans in the past few months which has provided on-going finances for operations during the covid crisis. Not many OTC's get them which speaks well of the business model.
In short, the company is finally on the precipice of the success we dreamed of in 2018.
Covid delayed the news yesterday that launched trade volume equivalent to the entire restricted (12m) & unrestricted (19M) OS. It had been anticipated since late March.
It doesn't take much volume to significantly move a 19m trade-able OS. Just wait until we see a Pr regarding the grand opening of Imperium Motors' facility and inital orders of cars.
Inaccurate to say "he dilutes, reverse splits and does it again" when in the 12 year history of the stock there have only been 2 RS. Effectively only one if you consider there was also a FS. Plus at 31 million shares what kind of RS could possibly happen.
You and I have history, I know you are absolutely not a basher and I appreciate the contribution to the message board.
Again great to see you!
#2 now on Break Out Boards
#15 Most Posted
10,099 board reads...that's a lot of eyes.
As of August 14, 2020, the issuer had 31,291,821 shares of common stock issued and outstanding. (per last Friday's 10Q)
Do you realize the MC won't be $10m until the SP is $0.32. How many OTC's have you seen with a $50-$100m MC?
lol, $50m would be $1.60.
Made me laugh mal.
$2.7b deficit and it trades at over $2000/share.
and DSGT is in trouble? lol, killing me.
All time record volume, entire OS traded and 12 million of the OS is restricted!
# Trades 2030
$$ Volume $1,338,935
Volume 32,724,144
Avg Volume 1,210,255
52 Week Range 0.0108 - 1.87
Ppl gonna be lined up to get in come Monday.
.10 .25 .50 .75 1.00
Oh yeah, itsa coming!
lol, well I refer to them as the lost boyz but IRL I understand they are bitter due to the losses they sustained.
However, that said, to blitz the board daily with their disdain makes them appear ignorant. Moving on might prove to be more cathartic.
For those that listened and have been averaging down, or for the new handles on the board, the future is bright, convertible notes are in large part settled, and the OS is tiny.
Everyone knows low float stocks can fly high in a heartbeat.
Have a great weekend.
I would think if one asked the TA and got a different number than what is published their next call would be to IR to reconcile the difference.
Plastering a message board with unsubstantiated accusations makes you wonder if perhaps there is an agenda?
Jaq, I can imagine many eyes will see this over the weekend and Monday will bring in even more flippers, trader, and investors. I welcome them all!
A gap up is certainly a possibility.
Yes, absolutely if that is your trading style, do it and take your profits!
An update to a chart I have posted a few times. We are in a slow moving upward trend. For some it isn't fast enough. For any true long it is beautiful. I would love to see it break out of the trend to the north, but as long as the trend line continues we are golden. I like it, I think it is a solid rock for continued growth.
Have a great weekend, I cannot wait for news as Q3 progresses.
It probably won't take long to know who they are, but we do have a few folks here that bought 1 to 2 years ago and lost money. You can't blame them for being bitter.
I know the whole history of success, disappointments, toxic notes, etc. I have been here since June 2017.
DSG is at the precipice of a new era. The RS in March of 2019 set up the ability to settle convertible notes and still have an OS that is attractive to investors. The agreement with Jonway and creation of Imperium Motors set the company on uncharted waters.
We all know what Covid did to business, no need to detail it out.
Now that the Experience Center is open and a first order is being developed, the company is in an enviable position with respect to potential revenue and shareholder value.
As recent as March 10th, it closed at 49 cents. With dilution contained and possibly resolved I see no reason a return to 50 cents is not close at hand.
Excellent. Happy to see all the new faces. The opening of the Experience Center was slated to occur in March. Of course we all know what happened in March.
I can't wait to here about the grand opening, initial orders, and models. There is a lot of interest in EV-Rickshaws for deliveries in congested cities.
I was thinking 65 at noon, but 70 is printing as I type with 3 minutes left.
You may hit the nail solid!
You may be low by a dollar lol!
Session volume at 31,700,233. We have now traded the entire OS, restricted and unrestricted count.
With a tradable OS of less than 20m absolutely. I won't be surpised if Monday doesn't make today look like chump change. 50 cents is definitely within reach in the short term with conversions being done for now. Company plans to pay off any remaining and now that Imperium is open for business that is doable.
It's been a great day Tater! Man those .012's are looking sweet!
Oh my, and here comes .07!!!!
LOL new HOD @0598
Well look at that, DSGT:
#3 on BreakOut Boards
Seeing several 5 and 6 digit MM trading.
31m x .05. market cap is $1.55m, crazy low.
IR has said multiple times no conversions are taking place. Did you happen to ask as of what date the OS was updated?
Regardless, it looks like the market doesn't care. Potential cannot be measured currently. Blue sky is possible.
wait so i need to add 9 more zeros?
Sweet!
Nice, but first lets get to $1.
In January through their website DSG provided guidance that upon settling all notes there would be 22m shares outstanding and that most would be restricted. That was before covid and the shutdown of businesses across the globe.
SP decreased and the number of shares required to settle notes also increased. Yet as of the 10Q last Friday there are still only 31m shares and at least 12m are restricted.
During the shutdown, DSG has received 3 covid PPP loans & 1 business loan as follows:
market cap of $1.5m at a nickel, and $3m at a dime. Ridiculously low, run to $1 very feasible. They start selling 100's of EV's and $5 is within reason.
Yes,and with only 18.7m unrestricted. It has traded 18.8m (100% of the unrestricted) and are only halfway through today's session.
Yes, they are targeting a lower price point for than a Tesla. EV market is and will be exploding over the next few years. Consumer's will like the option of a lower cost EV.
Just keep in mind the increase in OS was mostly due to settling convertible notes. Wait until you see the positive effect a rising SP has on the remaining derivative liabilities.
Today's SP is only up 344% lol.
LOL good call Pran!
7m trade volume, up 110% in first hour of trading. 22% of OS, 37% of unrestricted OS.
Loving today's dilutions! Up 95% now!
"“We are excited to finally be entering the electric vehicle space. While it has taken more time than anticipated to become operational, the company will be selling hundreds of vehicles each month. The first orders for the Low Speed Electric Vehicles is being prepared for release with the manufacturer.” said Rick Curtis, President, Imperium Motor Corporation."
https://www.nasdaq.com/press-release/dsg-globals-corporate-update-2020-08-21
"Due to recent growth and expansion, the company has recently moved into new facilities. The complex, still located in Surrey, includes warehousing, larger engineering space and more office space with all parties in one complex."
https://www.nasdaq.com/press-release/dsg-globals-corporate-update-2020-08-21
Experience Center Opens.
SURREY, British Columbia, Aug. 21, 2020 (GLOBE NEWSWIRE) -- DSG Global (OTCQB: DSGT) announced that the new center located in Fairfield, California has officially opened. The company will also be announcing a new expanded lineup of vehicles soon to arrive.
https://www.nasdaq.com/press-release/dsg-globals-corporate-update-2020-08-21