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and Crescendo Communications as IR. Haven;t seen them on a PR since Thanksgiving. Chesapeake appear to have taken it all back.
Hilarious. A company can dba as anything they choose unless it's trademarked. It's an acronym for DSG/Imperium. Much like these:
Acronym Entity
DSGI Daiwa Securities Group, Inc.
DSGI Diversified Systems Group, Inc.
DSGI Directorate of General Services and Real Estate
DSGI DATA Step Graphics Interface
DSGI Division of State Group Insurance (Florida)
DSGI Foundation for Health Information
I wonder if all those companies have some explaining to do.
As part of the evolution of DSG Global, Inc., DSG Global will commence doing business as DSG/Imperium, or DSGi."
lol printing 48. up 140%
Look at that list of companies they represent. I don't see any broken down companies, perhaps they know the future for DSG is bright.
https://ggny.com/
Also this is the 2nd PR in 2020 that came out through Nasdaq. Most are issued through Globe Newswire.
tick tock, 2020 gonna be fun!
MM's but they are too busy covering.
Graj + Gustavsen one of the finest branding companies in the business will certainly give DSG Global Inc. the opportunity to achieve market awareness and set the stage for brand evolution so all stakeholders can experience the vision of tomorrow, today in the EV business in NA and Mexico and Vantage Tag system” said Bob Silzer, CEO of DSG GLOBAL INC.
22m shares, no further conversions, most of os restricted, sp has new os priced in, G+G, Imperium Motors, new TAG installs, 10K end of March, the list goes on and on.
The Future Is Electric™
"We are thrilled to be working with Bob and DSG", Simon Graj. CEO of G+G
https://www.nasdaq.com/press-release/dsg-global-inc.-aligns-with-graj-gustavsen-new-york-to-brand-and-launch-its-electric
2.8m shares on the 15 bid...not dumped into. this is not dilution...next ss update will make that clear.
But, if conversions are ongoing why didn't the 2.8m bid get dumped into the last 20 minutes or so today? I totally agree MM's are in control but not convinced dilution is what is occurring.
Update on EV delivery. From website (FAQ);
http://vantage-tag.com/investors/
Are the first group of cars currently being shipped and when will they arrive?
They are ordered and in production. We expect them to arrive in California in March 2020. Unfortunately the Corona virus has created delays but we understand staff is back end of Feb/2020
Because 22 million is priced in.
Assuming there were 3m shares in OS when it last traded at $1, ~$0.135 is the 22m equivalent.
That it went to 20 cents today may indicate conversion completion. Remember most of the conversions are restricted for terms not yet disclosed.
Need to see follow through for a few days but green today was most welcome.
Hmm, action is almost as if this guy knew.
https://tickerjunkie.com/market-maker-speaks-ways-market-maker/
Nice 20,000 share HOD paint at the close for .20.
lol, up 25% today on 256k shares. Two 5 digit AH trades for 64k shares.
Conversions done perhaps? News coming?
Gonna make some rich, lowered my avg to under 75 cents during this buying opportunity.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154150985
lol, have you seen some promotion out there?
wasn't there yesterday, must have some disgruntled former shareholder making up fud.
interesting that you saw it right away.
Updates to FAQ: http://vantage-tag.com/investors/
What is the current number of shares outstanding?
Approximately 3,753,946 shares are outstanding as of February 26th/2020
What is the fully diluted number of shares outstanding assuming all debt, warrants and options are converted at current levels?
The company would have approximately 22 million shares issued on a fully diluted bases depending on conversion price. At this time the company has full intent to pay off all convertible notes before they are able to convert.
22m, no convertible notes. sweet.
T Trade makes it 161,497 shares traded today.
16:11:54 .17385 40,000
This article got me thinking perhaps EV delivery may be delayed due to Covid-19 which may be impacting sp.
"The woman in the community who has coronavirus first sought treatment at NorthBay VacaValley Hospital in Vacaville."
https://www.sfgate.com/news/medical/article/New-US-coronavirus-case-may-be-1st-from-unknown-15087548.php
next push should get 50. if it holds it will be interesting to see if it closes the gap to $1.
Ugh, not good. Gonna be a 4 month reset imo. Q1 will be late for sure. Might as well rip the bandage off and get the rs done too.
https://www.sec.gov/Archives/edgar/data/1430523/000149315220002887/form8-k.htm
Item 4.01 Changes in Registrant’s Certifying Accountant.
On February 18, 2020 (the “Effective Date”), Mayer Hoffman McCann P.C. (“MHM”) notified the board of directors of Verus International, Inc. (the “Company”) that it had resigned as the Company’s independent registered public accounting firm. Since MHM’s engagement on January 14, 2020 (the “Engagement Date”), MHM did not issue any audit report on the Company’s financial statements.
From the Engagement Date through the Effective Date, except as discussed in the following paragraph, there were no disagreements between the Company and MHM on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of MHM, would have caused MHM to make reference to the subject matter of the disagreement in connection with any report MHM would have provided to the Company. Furthermore from the Engagement Date through the Effective Date, there were no reportable events (as described under Item 304(a)(1)(v)(A)-(D) of Regulation S-K) for the Company.
The Company and MHM had certain unresolved discussions on whether, and how, to correct prior period financial statements for the following errors:
a. Unrecorded stock-based compensation, and
b. Classification of equity instruments (including conversion features, warrants, and stock compensation warrants) subsequent to the Company having an insufficient number of authorized shares to settle certain equity classified instruments.
Although MHM did not complete its audit prior to the Effective Date, MHM believes the errors are material to the prior period financial statements, including the annual and interim periods affected, and therefore, should be corrected by restating the financial statements previously filed (e.g., via a Form 10-K/A and Form 10-Q/A). Additionally, the Company and MHM had certain unresolved discussions on the sufficiency of documentation necessary to support amounts recorded in the current period financial statements.
The Company has authorized MHM to respond fully to the inquiries of any successor accountant of the Company concerning the subject matter of the foregoing.
The Company has provided a copy of the foregoing disclosures to MHM and requested MHM to provide the Company with a letter indicating whether or not MHM agrees with such disclosures. A copy of the letter, dated February 24, 2020 is attached hereto as Exhibit 16.1.
The key will be finally getting rid of the remaining debt, which should be accomplished during the first half of 2020
Yes and many have been waiting for that for a long long time. But from what is mentioned on their website, coupled with the drop and volume increase, it appears to be happening.
If so it would be sweet if it could be in subsequent events in the 10k but more than likely it will be the 10Q in April as you stated. Perhaps even a PR before then.
I hope we are forming a double bottom from 27 last July. Time will tell as the the days go forward. Too early to call but watching.
16:14:11 .25891 38,596
Brings today's volume to 155,223.
Assuming they are eliminating the notes there will be no need for further hole sinking.
I think Wave the past 9 months has proven SP will not increase as long as there is a derivative liability overhang. It is also necessary to remove it from the balance sheet in order to get to the Nasdaq.
So while painful I think it is necessary. Whether it ends up 7m or 21m shares I don't really care, especially if more than half is restricted. That is still a sweet SS.
My recommendation, focus on what's coming according to guidance in PR's and the website. Notice the improvements made to the balance sheet y/y.
2019 10K will come out in a few weeks. We will not be cash flow positive but I do expect FY2019 revenue to exceed $1.6m. 2020Q1 in mid April will give us our first look at any derivative liability reduction. Imperium Motors impact will probably not be seen until Q2.
I am blood red currently. Yet I have never been more excited about the future. I am confident better days are ahead.
Hang in there!
I hate when reality matches guidance.
What is the fully diluted number of shares outstanding assuming all debt, warrants and options are converted at current levels?
The company would have approximately 6-7 million shares (depending on conversion price) I&O if all shares are converted. The large majority of this debt has restrictions upon its sale
I wonder what the 2019 revenue was, $1.5m, $1.8m, $2m or more?
10k due the end of March. Imperium EV's arrive mid-March. New Tag installs on-going.
If you chart DSG may be forming a long term double bottom.
Well anyway, thanks for the unbelievably cheap shares.
DSG Director James Singerling
2020 Scholarship Recipients.
https://www.cmaa.org/fullcontent.aspx?id=46342
Municipalities will have interest in T series imo.
...expects that its new T-series should be among our top sellers. With a target audience that includes both individual drivers and municipalities, this product has a base MSRP of $3990* plus freight. Imperium Motor Company is the exclusive North American distributor for the T-Series truck...
See the car line up here
http://vantage-tag.com/wp-content/uploads/2020/02/IMPERIUM-PRODUCT-LINEUP.pdf
Imperium Motors News.
https://www.globenewswire.com/news-release/2020/02/13/1984605/0/en/DSG-Global-Inc-Through-Subsidiary-Imperium-Motor-Company-Readies-New-Experience-Center-Complete-with-Vehicle-Showcase.html
Grand Opening in March. The new facility will be located at 148 Peabody Road, Vacaville, California.
http://vantage-tag.com/investors/ Frequently asked question.
What is the fully diluted number of shares outstanding assuming all debt, warrants and options are converted at current levels?
The company would have approximately 6-7 million shares (depending on conversion price) I&O if all shares are converted. The large majority of this debt has restrictions upon its sale
Perhaps but would the current average volume attract a daytrader? Who's gonna buy their flip?
Track. I know MM's can trade between themselves at 5 & 6 decimals. I assume note holders could make deals beyond 4 decimals.
Bob gave us guidance in the website FAQ's he could satisfy all convertible notes with a 6-7m OS with much of it restricted. So perhaps we are seeing that. I for one believe once convertible debt is cleaned up the real sp appreciation can begin.
Aside from the # of decimals in play. It is interesting that someone is buying up shares. I don't have the firepower to buy the 43,000+ someone bought at .785 this morning. Bigger money is in play here imo. who knows maybe Stevo lol.
Simply that ppl like us using retail brokers cannot initiate a 5 or 6 decimal trade.
Like the $0.82663 AH trade that just went through for 3100 shares.
.785125 Six digits. Anyone here able to enter a bid for 6 digits?
Folks that isn't retail.