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Gotta love the way this is moving. Slow and steady. Upwards to the right.
Yep, cdel & cfgn have already moved up after ~60k.
edit: and now only paul remains at .05
I know, what whale is buying all these shares up?
Interesting, 25m/5k would leave an OS of 5,000. Think about it, it is ridiculous and will never happen.
OS last reported was 13m with 9m restricted.
All those notes ppl have been complaining about are being settled which is increasing the OS. How many other stocks have/will have a clean balance sheet and only a 25m
OS.
Some here realize what is happening and are averaging down to get out even or with a small profit. Others see a much bigger picture unfolding and by averaging are in position to make substantial profits.
I realize anyone who sold is not happy with losing money. No one is .
To each their own but I don't get why anyone hangs around reliving the loss with every post they make.
None of those notes are due until 2021, have better interest rates, and max discount is 80% of the average of the lowest 2 recent days.
Flushing them out. Balance sheet getting cleaner everyday. We've known since late January notes were being settled which means OS would be increasing. Once they are complete there will be ~22m OS, of which most will be restricted.
Amazingly low float yet big enough for there to be liquidity in day to day trading.
Imperium Motors will be selling cars over the summer and beyond. Golf is open in all 50 states. Balance sheet will be shed of derivative liabilities. Profitability is within reach by Q4.
Wow, how'd i miss it. thx drew.
As of May 19, 2020, there were 853,221,966 shares of the registrant’s common stock, $0.001 par value, issued and outstanding.
Some things cannot be rushed.
I'm ready too. Either for the 10Q or a covid 8k by 5:30p edt.
No way I see the Q post tomorrow, it is due today. We would carry a stop sign even if only for 1 day.
My bet is on the Q filing today and multi-day rally.
So the cov19 shutdown caused a 3 month delay for Imperium. Out of DSG's control. It will be great once those revenues begin in Q3.
Got a chuckle from all the "when is it due" posts. Here is a link that will make it easy to calculate.
https://www.securexfilings.com/sec-deadlines/#Filing_deadline_calculator
Not hard to see what is happening. Shares from notes now in the OS are being put into the market/float. My guess is some of the Oct/Nov restricted are now unrestricted.
Clearly ALPS & OTCX have some. It is not imo, new notes. PAUL is usually who we see doing that.
We'll see how it develops, I suspect these are not large amounts being moved into the float.
37, GREEN! Keep'em coming!
https://www.otcmarkets.com/stock/VRUS/news/VERUS-INTERNATIONAL-ANNOUNCES-EXPANSION-PLANS-FOR-US-SALES-NETWORK?id=262540
Gaithersburg, MD , May 19, 2020 (GLOBE NEWSWIRE) -- Verus International, Inc. (“Verus” or the “Company”) (OTCQB: VRUS) is providing this update to highlight the positive impact on its operations from the expected restart of professional sports in the United States . The announcement by Major League Baseball (MLB) that it will attempt to conduct a shortened season has generated an immediate, positive impact on partner plans for sports-related retail initiatives through the remainder of 2020.
As a result, we are now able to provide the following update on activities at our Big League Foods (BLF) division relating to this improvement in the business outlook. Key items of importance include:
Addition of the BLF candy products to the Walmart.com e-commerce site is just the first of several planned third-party e-commerce sales channels;
BLF expects to finalize agreements to feature other professional sports as additional leagues firm up their start dates;
A new logistics program has enabled BLF to lower its online prices by 25% without any change in profit margins, opening up Hawaii and Alaska for full 50-state coverage;
BLF now has sufficient inventory in its supply channel to continue expansion into additional large regional and national chains; and
The division is experiencing increased interest in the grocery store segment and expects this channel to be the next area for expansion
“The entire retail segment has been in a state of limbo concerning the status of professional sports,” explained Verus CEO Anshu Bhatnagar . “Sports represent an important part of the promotional product year for a majority of food retailers, so the idea that this category will return was like a green light across the industry. The same holds true for other professional leagues, which can now plan for their own seasons. Removing this uncertainty has created significant and immediate interest simultaneously across the retail landscape. As a reminder, retailers plan months in advance for their seasonal product placements, so they are now scrambling to catch up to a drastically revised calendar. We now have the inventory and supply channels in place to respond quickly to what we believe will be significant near-term demand and continued growth through the remainder of 2020.
Previously announced retail customers such as TJX Companies and Big 5 Sporting Goods are gradually moving forward with store reopenings across their networks, so product initiatives at these retailers remain intact. Strategically, BLF is also considering a rebranding to reflect the anticipated product line expansion into multiple professional sports. Due to this rapid change in the retail environment, the Company expects a heightened level of activity in the BLF division across all of its sales channels over the next several quarters. High margin candy sales will continue to be the focus over the near term due to strong customer demand and easier supply capabilities.
Yeah, I'm not sure hence the ?. But I thought a NT10Q was a 5 calendar day extension.
It's a bit confusing because the covid extension for the 10K was 5/14. The Q filing dd was Friday, 15th.
Correct me if that is wrong.
The NT is 5 days right? So Friday plus 5 is tomorrow. I bet any share overhang is gone when they file. Looking for a several day run with the catalysts you've cited.
Thinnest L2 I have seen in some time here. If it stays like this any push will start the next move up.
Nice ask slaps 2.2m, 1.1m. Clear the path fellas, whales are here.
That 15,000 share slap at .15 took out ALPS.
19 up, come and get'em.
4999 trades have doubled to 9998
Personally not looking for revenue gains. Anticipation is continued settling of convertible debt. That will do more for the balance sheet than revenue gains.
Also, aside from the Q, an update on Imperium Motors is in order.
Guessing the Q is ready, just waiting for the conversion shares to be in the float. gotta be close.
4999 special on again.
Nice slaps early on that 50k at .15. Now down to 11k. Clear 15 and 19 is up.
Good start, should be a good test today to see if all converted shares are in play now.
March? Travel restrictions were put in place jan31st.
What you are calling dilution I call cleaning up the balance sheet. Convertible notes are being settled, for the most part as restricted shares.
Not hard to comprehend unless there is a different narrative desired.
Yeah, I guess the worldwide covid disaster didn't affect dsgt's plans for 2020.
I don't remember seeing ALPS on the ask previously.
no one. they are shares held by the former note holders. notes settled by giving them restricted shares. they cannot be sold or transferred until the restricted period ends. Although the restricted period may vary, my guess is they have to be held for 6 months. Then they can be sold into the market.
However if you notice, the settle pps is .77 on several of the notes converted on 12/31. Doubtful any of them will be selling unless they get that or more.
i doubt seriously anyone here has bought 111,000 much less 11 million.
and don't forget most of those shares are restricted.
Why waste a positive Q filing on a Friday. They have 5 calendar days with the NT. Wouldn't a Q filing Monday or Tuesday be sweet?
https://www.sec.gov/Archives/edgar/data/1661039/000165495420005464/tptw_10qnt.htm
It's also a positive they didn't 8k and go the route of invoking the covid extension, pushing it to 6/29.
Guidance given was 25-40% above 2018, which was $1.2m. So ~$1.6-$1.8m.
Didn't achieve that but y/y revenues did increase by just shy of 10%. Maybe they deferred some revenue. Maybe it was just a miss, don't know.
Wondering if there will be a early week pr on the K.
Especially when you consider there were 802k shares issued and outstanding as of 12/31/19
and
As of May 14, 2020, the registrant had 13,721,779 shares of common stock issued and outstanding.
Q1 should show a significant settling of debt and cleanup of balance sheet.
Dissappointing the 8k filing was needed. Pushing Q1 ER out to 6/29 is an unfortunate delay of much better financials imo.
Looks to me quite a lot of notes were settled. I wasn't expecting any until Q1.
----------------------------------------
Debt Settlement Transactions
On December 31, 2019, the Company settled outstanding debt in the form of preferred shares to be issued in exchange for 3,383,046 shares of common stock and 3,383,046 warrants to acquire shares of common stock. The warrants have an exercise price $0.77 per share and contractual life of three years.
On December 31, 2019, the Company settled outstanding loans payable and accounts payable in exchange for 673,077 shares of common stock.
On December 31, 2019, the Company settled outstanding debt in the form of preferred shares to be issued in exchange for 1,434,484 shares of common stock and 1,434,484 warrants to acquire shares of common stock. The warrants have an exercise price $0.77 per share and contractual life of three years.
On December 31, 2019, the Company settled outstanding debt in the form of preferred shares to be issued in exchange for 1,663,336 shares of common stock and 1,663,336 warrants to acquire shares of common stock. The warrants have an exercise price $0.77 per share and contractual life of three years.
On December 31, 2019, the Company settled outstanding accounts payable in exchange for 77,962 shares of common stock and 38,981 warrants to acquire shares of common stock. The warrants have an exercise price $0.785 per share and contractual life of three years.
On December 31, 2019, the Company settled outstanding accounts payable in exchange for 9,990 shares of common stock.
On December 31, 2019, the Company settled outstanding accounts payable in exchange for 187,500 shares of common stock.
On December 31, 2019, the Company settled outstanding accounts payable in exchange for 19,231 shares of common stock.
On December 31, 2019, the Company settled outstanding accounts payable in exchange for 96,545 shares of common stock.
On December 31, 2019, the Company settled outstanding accounts payable in exchange for 43,524 shares of common stock and 43,524 warrants to acquire shares of common stock. The warrants have an exercise price $0.77 per share and contractual life of three years.
On December 31, 2019, the Company settled outstanding accounts payable in exchange for 75,000 shares of common stock.
Historically they file after. I wonder if they will NT the Q and file it Monday or Tuesday. Or file Friday and PR it Monday.
The main thing I am looking for in the K is confirmation of 2019 revenue.
In the Q I am anticipating seeing some cleanup of derivatives.
SS Updated. Over 9m restricted shares. Looks like the balance sheet is getting cleaned up. Should see a significant reduction in derivative liabilities.
https://www.otcmarkets.com/stock/DSGT/security