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Also note beyond the $3m DSGT, can at their choosing, request and receive another $1m in any given month for a period of 24 months.
At the Company’s request, GHS agrees to purchase an additional 1,000 shares of Series F Preferred every thirty (30) days
In an IPO the S-1 is almost always a public offering of shares that provide funding to the company.
In an up-listing funding can be accomplished in various ways since there is already a trading stock entity.
The 8-K and associated exhibits detail DSGT's funding. The S-1 will register the underlying common stock the funding arrangement requires.
Hence the NVSOS increase in AS. At all times a company's must have an AS that will provide an OS covering all preferred/warrant conversions. That is why Kevin at Chesapeake Group tells people to assume the OS could grow to the available AS. For any stock, not just DSGT.
Note the funding agreement begins with $3m in funding; $1.5m + $1.5m upon filing of the registration statement(S-1). See ARTICLE II. PURCHASE AND SALE, beginning on p6 of the SECURITIES PURCHASE AGREEMENT, Exhibit 10.1
https://www.sec.gov/Archives/edgar/data/1413909/000149315220024710/ex10-1.htm
DSGT will want that 2nd $1.5m soon for on-going operations which is why I believe S-1 could occur as early as next week.
S-1 Filing, from pg 23 of Exhibit 10.1 SECURITIES PURCHASE AGREEMENT in yesterday's 8-K.
(b) As soon as practicable after the First Closing, the Company shall file a Registration Statement on Form S-1 covering the shares of common stock underlying the Preferred Shares and the Warrants.
You might be pretty close with that "guess". Once the S-1 filing drops it will be 12-16 weeks b4 up-listing.
In the following wherever "before IPO" is mentioned, read as "before up-listing". Not everything listed will need to be done in DSGT's up-list but it gives a general idea and timeline.
https://www.financialexecutives.org/FEI-Daily/March-2018/Going-Public-The-Pre-IPO-Timeline.aspx#:~:text=Also%2C%20keep%20in%20mind%20that,14%20weeks%20to%20complete%20it.
I look for the S-1 to drop as soon as next week.
...talking with Rick, I wouldn't be surprised if that happens by *guessing* May/June-ish.
Yes, with S1 (registration filing) to follow. This is what the NVSOS filing was for. With this dropping I look for the application for uplist to follow shortly.
Yes, ask him about the partnership with Evrus.
good question, outside the battery though what couldn't any repair shop do and get paid by imperium?
How many shares on this 1.31 iceberg. At least 70,000 have traded with only a 100 share ask.
Looks to be trying to define support, has tested 1.25 twice. Too soon to call it support imo. Exactly what it needs to do b4 next leg up
WMI license # next week? It should be soon.
Yes, filled and tested. Trading perfectly so far.
It will be in conjunction with the uplist. Similar to an ipo when a new stock lists on a national market.
It is bigger, much bigger. Just wait a bit and you'll be comparing that one to DSGT.
Soon you will need to reverse which one is setting the pace for the other.
Yes, we can get the good cigars now.
This is my first day with $120K in profit!
Trying to find new support level. Might retest 1. It should bounce off it quickly once hit.
1.12 (edit 1.15) now. you're not dreaming my friend.
gave this +1
Everyday companies make public offerings to raise capital. Typically the capital is used to increase revenue. It is why getting hung up on dilution is unwarranted unless it is a toxic convertible.
Public offerings are not toxic. I see this as DSG getting all the pieces aligned for a move to the Naz.
Ppl talk all the time on these mb's about intuitional buyers, that is what a public offering is designed for. Funding for significant growth. Everything we've been ready about since August.
https://www.investopedia.com/terms/p/publicoffering.asp
It is not uncommon for a company to make a public offering as they upgrade.
Similar to when a company does an IPO when they list on an exchange.
Both are designed to provide funding.
Check NVSOS. DSG has filed intent to increase the AS to 350m.
My guess is any increase will be associated to a securities offer in conjunction with the application to upgrade to Nasdaq. There will be SEC filings should those events unfold.
https://esos.nv.gov/EntitySearch/OnlineEntitySearch
Yes, in preparation to upgrade to Nasdaq. Not uncommon to see an offering hand in hand with the upgrade.
There has to be a good reason to up the current authorized shares
200 million higher. The questions are why? and for what?
Well given we didn't have any insight into today's news I would have to say no. Personally though, any news on the development of the business is great news.
More news would be nice to hear too, but then this is a holiday week and not many are tuned in to the stock market until next Monday. I suspect sp moving news after the 1st and throughout Q1 and 2021.
Book it, Nasdaq in 2021.
True, and ppl were mostly clueless when Bob announced the hiring of Rick Curtis.
Now he and Rick have landed another well respected veteran in the industry!
William J Rex, setup for 2021 just keeps getting better
https://www.otcmarkets.com/stock/DSGT/news/DSG-Global-Inc-Taps-Industry-Veteran-William-J-Rex-as-President-of-New-EV-Bus-and-Motor-Home-Division-of-Imperium-Motors?id=284681
I absolutely believe that is possible. All I am gonna say though is Nasdaq will happen in 2021. Q1 numbers will validate all expectation that have been set and pr'd.
Definitely has the potential for that!
If today closes at .75, I think this stock can still double within January.
91,975,510 OS
Market Cap PPS
$64,382,857 0.70
$65,302,612 0.71
$66,222,367 0.72
$67,142,122 0.73
$68,061,877 0.74
$68,981,633 0.75
$69,901,388 0.76
$70,821,143 0.77
$71,740,898 0.78
$72,660,653 0.79
$73,580,408 0.80
$91,975,510 1.00
Plenty of room to run
Always will have pullbacks as DT's play it. However as the SP continues north it will be less evident as the cost of taking a position will price more and more out of that game.
In the meantime I am enjoying the liquidity they bring to the table.
It will look even better in my driveway!
The Skywell - ET5 SUV, will look great in the showroom!
Pretty simple, Q1 numbers will come out ~4/15. It will be the 1st qtr with significant EV sales. With updates and news it certainly could achieve criteria b4 that report, but definitely after once hard numbers come out.
I typically don't project sp but Will not be surprised to see it trading $2+ during Q1.
DSGT will apply for Nasdaq in Q2 if not sooner. Bob's 5 year goal will be realized.
lol, taken out with one trade. here comes merry christmas.