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He uses his trunk. (use imagination here)
They did however issue a significant number of CN's. None of them mature until 2019 which is good.
p39 & 40
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Other than as disclosed below, there were no unregistered sales of the Company’s equity securities during the quarter ended March 31, 2018 that were not previously disclosed in a current report on Form 8-K, or quarterly report on Form 10-Q.
On January 5, 2018, the Company issued a 5% original issue discount convertible promissory note with a principal balance of $8,947 with a one year maturity date. This convertible debenture converts at 60% of the lowest trading price during the 30 days prior to conversion.
On January 19, 2018, the Company issued a 5% original issue discount convertible promissory note with a principal balance of $7,895 with a one year maturity date. This convertible debenture converts at 60% of the lowest trading price during the 30 days prior to conversion.
On January 24, 2018, the Company issued a 5% original issue discount convertible promissory note with a principal balance of $52,632 with a one year maturity date. This convertible debenture converts at 55% of the lowest trading price during the 30 days prior to conversion.
On January 30, 2018, the Company issued a convertible promissory note with a principal balance of $58,000 with a one year maturity date. This note holder has the right to convert the principal balance of the debenture beginning on the date which is one hundred eighty (180) days following the date of this note and ending on the later of the maturity date and the date of the default amount. The convertible promissory note has terms to convert at a 37% discount of the lowest trading price during the 10 days prior to conversion.
On February 9, 2018, the Company issued a 5% original issue discount convertible promissory note with a principal balance of $15,789 with a one year maturity date. This convertible debenture converts at 60% of the lowest trading price during the 30 days prior to conversion.
On February 15, 2018, the Company issued a 5% original issue discount convertible promissory note with a principal balance of $12,632 with a one year maturity date. This convertible debenture converts at 60% of the lowest trading price during the 30 days prior to conversion.
On February 26, 2018, the Company issued a 5% original issue discount convertible promissory note with a principal balance of $26,316 with a one year maturity date. This convertible debenture converts at 60% of the lowest trading price during the 30 days prior to conversion.
On March 6, 2018, the Company issued a 5% original issue discount convertible promissory note with a principal balance of $31,579 with a one year maturity date. This convertible debenture converts at 60% of the lowest trading price during the 30 days prior to conversion.
On March 9, 2018, the Company issued a 5% original issue discount convertible promissory note with a principal balance of $31,579 with a one year maturity date. This convertible debenture converts at 60% of the lowest trading price during the 30 days prior to conversion.
On March 16, 2018, the Company issued a replacement convertible promissory note with a principal balance of $124,689 with a one year maturity date that was recorded under note payable on the company’s balance sheet as of December 31, 2017 in the amount of $66,667 and accrued interest of $8,811. This convertible debenture converts at 55% of the lowest trading price during the 30 days prior to conversion.
On March 21, 2018, the Company issued a 5% original issue discount convertible promissory note with a principal balance of $52,632 with a nine month maturity date. This convertible debenture converts at 60% of the lowest trading price during the 30 days prior to conversion.
On March 23, 2018, the Company issued a 5% original issue discount convertible promissory note with a principal balance of $26,316 with a one year maturity date. This convertible debenture converts at 55% of the lowest trading price during the 30 days prior to conversion.
always wondered what the red diamond was
DSGT passengers, there has been a gate change. Now boarding at gate 35
ATTN DSGT passengers, flight is now boarding at gate 34
Possible, so they have been selling for 45 days and still have 72m shares?
There would be no need to file if they already sold.
Y'all might want to check out this new 13G. LG Capital FUNDING
https://www.sec.gov/Archives/edgar/data/1585346/000107878218000557/0001078782-18-000557-index.htm
72m shares.
Perhaps related to restructure
DSG Global, Inc. Releases Shareholder Update Focusing On Company and Stock Restructuring
Surrey, B.C., May 03, 2018 (GLOBE NEWSWIRE) -- Today, the company is releasing the following shareholder update in order to provide information to its shareholders and to keep them informed on the company’s path towards financial improvement.
The company is excited about the long-awaited launch of our new product line THE INFINITY 12”, 10” and 7” HD models. Since we announced the launch of these products, we have already secured $2.5m in orders. We have started manufacturing the first 2000 units and formalized a short-term manufacturing financing package.
The company has also received delivery of the first Fairway Rider G3 single rider golf vehicles and is beginning the process of installation at various golf courses this month. Each Fairway Rider G3 will have the new 3G LTE TAG tracker and DSG Global will maintain all service and support.
The company and its Board of Directors is providing our shareholder base with an update as to steps we began to initiate a few months ago in order to clean up our cap structure, remediate and settle outstanding liabilities, and fund our future growth. In November 2017, we engaged a well-known and respected corporate restructuring specialty firm. Their purpose is to assist us with establishing a new corporate and financial platform from which we could remedy some of the financial difficulties that have affected our company over the last two years. Their expertise includes focusing on partial or complete capital restructurings for purposes of debt remediation, reconstituting Board and Management control, removal of debt off the books, attracting more traditional long term capital, secure credible investment bankers.
After months of planning and a careful review of our options, including review by our securities counsel, the Board of Directors approved a restructuring plan. This plan includes moving a large part of our liabilities into longer-term equity and remediates certain other debt by a variety of settlement vehicles. This will include the issuance of newly created series of Convertible Preferred Stock, SEC 3(a)(10) settlements, and cash payments. As a result of completing this restructuring, the company’s goal is to secure quality capital to allow it to continue the development, manufacturing, sales and distribution of our products to the golf and agriculture industry. The restructuring advisory group has made DSG Global an introduction to a quality investment banking firm. The company expects to execute an agreement with this new investment banker later this month that provides access to long-term quality operational capital and acquisition funding so DSG has the ability to acquire companies that compliment and financially support our growth.
The restructuring plan is well underway and the company will provide updates with regard to achieved milestones as the company meets them. DSG Global cannot predict if, or when, the company will complete its restructuring plans, but is working hard to complete as soon as practicable.
I set aside a huge amount to buy at 19 when the dilution hit today...did i miss it?
don, i was only correcting the percentages.
But don't worry, you will be fine. Hoping you are taking advantage of these prices to average down.
Bummer I am up 101%, timing is everything
It's kinda like buying a 24oz cowboy ribeye and then having the butcher give me free 4oz flank steak.
I have more not less. Any RS I have seen leaves me with fewer shares not more.
reverse split? I don't see one.
In your scenario you would have 50,000 Verus and 166.67 Nestbuilder shares. Not sure how the fractional will be handled.
good point. so perhaps bmic renegotiated and cut dsg a deal so they could cash out last thurs-fri.
It's happening. Get in by 4/25 to receive shares in Nestbuilder. Don't be left behind, it's happening!
"The Company is happy to report that the SEC has approved the spin-off of the NestBuilder Real Estate Division and set a record date of April 25, 2018 and a distribution date of May 18, 2018"
Did I mention it's happening!!!
Perhaps the note was renegotiated? DSG pays down note and in return allows bmic to close the rest out immediately.
time will tell i guess.
I would rather any CEO focus on CEO things, not replying to hundreds of email requests asking inane questions. He has an IR group hired to do that.
Fly, nice post. I personally stared at a $55k red screen the day .oo1 printed. This past week was nothing compared to that.
i agree Z
Buc, i understand wanting news. However, if Bob spent all his time distracted by answering update requests/demands, when would he be able to work on what we want to hear about?
Nestbuilder form 10 update
http://www.secinfo.com/d1D393.j1My.htm
Hey cache, good to see you here. The new restrictions on cn/toxic financing certainly add to the overall oppty.
PS, don't pick on our Lindy!
Buying back I hope!! :)
May ye break par and DSGT gain a tick for ye every stroke.
the don, agreed!
LOL dude you answered your own comment...you play golf 12 months of the year and that is where Bob is trying to place the G3's. What part of my "claim" don't you understand.
CMM, i think where z is coming from is that your comments sound as though there was a failure to deliver on DSG's part. Since GC's aren't buying them that is not possible. If you are talking CG;s in Canada I can assure you they are not part of the current program. Bob is looking for GC's that operate 12 months, read the FRG3 program and do the math. It is just not profitable (currently) to place these G3's in a Canadian GC.
I can assure you DSG is placing these solo riders in 12 month climates, not canada for now. You can't make the program work in 100 day seasons.