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This 39-42 channel may continue for a few more sessions. When it ends expect a major breakout. The foundation is pretty much complete and very sound. There are cars in the experience center and more on the way. The dealer network is growing, we have funding, the country is opening up from the pandemic. It only gets better for DSGT/Imperium from here.
kid or perhaps sykes realizing DSGT is going beyond his antics.
Pertinent that the PR said sold all 3 containers and will be ordering more.
Does that mean they were well received?
News Out
https://www.otcmarkets.com/stock/DSGT/news/DSG-Globals-Imperium-Motor-Corp-Division-Sells-First-Three-Containers-of-its-New-Electric-T01-Model-Vehicle?id=292835
SURREY, British Columbia , March 08, 2021 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB: DSGT) ("DSGT" or the "Company"), through its Automotive division Imperium Motor Corp , is pleased to announce the launch of its new electric-powered T01 model trike, designed to follow in the steps of the Ford Model T and original VW Beetle, as the next phase of affordable transportation in North America .
E-trikes, electric-powered three-wheel vehicles with one front wheel and two rear wheels, are extremely popular modes of transportation for personal use and work throughout the world. Easy to build and extremely affordable, e-trikes first gained traction in Japan and India . There are currently about 1.5 million e-trikes on the road today in India , and China is not far behind with over 1.35 million e-trikes in use. E-trikes are now commonly used in many other markets around the world.
Imperium’s new T01 has an excellent list of features, including seating for three, sunroof, back-up camera, alloy wheels, stereo, and more. The T01 e-trike has a MSRP price of $3,990 plus destination charge.
“We are pleased to bring out the next phase of ultra-affordable transportation in North America,” said Rick Curtis , President of Imperium. “The T01 is equipped right and can operate for pennies a day. They are easy to drive and easy to own and an especially well-suited option for inexpensive transportation and delivery services. Our first order of three containers of T01 e-trikes is already completely sold out and we will be ordering additional units."
“This is another important step toward realizing our vision of supplying clean energy vehicles to the North American market,” said Bob Silzer , CEO of DSGT. “This is a huge potential market opportunity, and we believe this modern-design model will be a winner. Priced less than many e-bikes on the market today, it is a great fit to meet the transportation needs of potentially millions of consumers.”
i don't see that gap but will take your word for it. Doubt though that had anything to do with filing early.
10k wasn't due until 3/31. I wonder what could possibly be the impetus to file almost 4 weeks early when they never have before?
PR on 2020 results out.
https://www.otcmarkets.com/stock/DSGT/news/DSGT-Global-Inc-Reports-Year-End-2020-Results?id=292618
SURREY, British Columbia , March 05, 2021 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB: DSGT) ("DSGT" or the "Company") announces its financial results for Q4 and fiscal 2020.
2020 Financial Highlights:
Cash grew to $1.4 million , up from $25,494 as of December 31, 2019 . The cash position increased $1.3 million during Q4 2020.
Total Assets increased to $2.1 million , up from $0.4 million at year-end 2019, primarily driven by increased cash, increased inventory and increased prepaid expenses. Total Assets grew $1.4 million during Q4 2020 when compared to Q3 2020 ending September 30, 2020 .
Total Liabilities decreased from $8.7 million at the end of 2019 to $2.9 million at year end 2020. Liabilities decreased by $7.5 million in Q4 2020. The primary reason for the decrease was extinguishment of convertible and non-convertible debt during fiscal 2020.
Revenue of $900,482 achieved. This was a decrease from $1,399,420 during 2019. After many golf course closures during March – October 2020 , revenue grew during the second half of the year. The Company anticipates the upward trend in golf revenue to continue for 2021 as more golf courses are opening each week through-out NA and abroad.
Gross Profit Margins increased to 54.5% in 2020, up from 32.2% in 2019 due to decrease in cost of goods and less overhead in installations and recurring revenue starting up after closures stopped.
Operating Losses were $5,069,696 for the year, compared to $2,426,543 in 2019, primarily driven by increased expenses related to launching the new automotive subsidiary, hiring new staff, opening the experience center and much more.
Net losses were $6,177,099 in 2020 compared to a net loss of $3,078,120 in 2019, primarily driven by a $2,904,832 charge related to the extinguishment of debt in 2020.
During 2020 the company experienced negative operating cash flow of $1,400,086 , much of which was due to increased expenses related to expanding the Company’s product line to include next-generation Infinity Screens and electric vehicles (EVs).
I think you to read the CTO itself, and then read the 8K(Thursday) and yesterday's PR. You also may want to understand who CSA and BCSC are.
As far as news, DSG in many ppl's view did not release news in consideration of the fact Canadian's were restricted by the CTO.
what if they announce a purchase order? no cto if it's a real contract. but, more than likely news will be continuing foundation building along the lines of your ideas.
The math is very reasonable but in order to save face for taking 14 months to notice a problem bcsc forced the revenue projection issue. Nevertheless pretty sure revenue projections will now be more guarded.
PR AH regarding lifting of cto. I anticipate positive news beginning next week
https://www.otcmarkets.com/stock/DSGT/news/DSG-Global-Announces-Cease-Trade-Order-CTO-Lifted?id=291658
DSG Global Announces Cease Trade Order (CTO) Lifted
SURREY, British Columbia, Feb. 26, 2021 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB: DSGT) ("DSGT" or the "Company") announces that the Cease Trade Order imposed by the British Columbia Securities Commission (BCSC) on January 15, 2021 has been revoked and its common shares have resumed trading in all markets.
The Cease Trade Order issued by the BCSC was lifted after the Company filed certain required disclosures, 8-K’s and exhibits, including, among other items, clarifying information and results related to our electrical vehicle division and our new PACER line of golf carts.
“We are thrilled to have resolved this matter,” commented Bob Silzer, CEO of DSG Global. “We are making great strides in refining our products and in securing our manufacturing and supply chains in order to capitalize on the mounting anticipation and appetite for our products in 2021. With the CTO now rescinded, we can focus our full efforts toward executing on our business model.”
BCSC forced this on DSG to justify their existence and mitigate their incompetence in taking 14 months to identify a problem.
An 8k was submitted this week with annual quantity requirements that support DSG revenue projection. Nothing has changed other than having to satisfy gov bureaucracy.
PR out
SURREY, British Columbia , Feb. 25, 2021 (GLOBE NEWSWIRE) -- In light of the recent cease trade order imposed by the British Columbia Securities commission, DSG Global, Inc. (OTCQB: DSGT) ("DSGT" or the "Company") is providing this corporate update to retract and clarify prior sales forecasts for its electric vehicle and golf divisions.
The Company’s focus during Q4 2020 and Q1 2021 has been to mitigate manufacturing, shipping, product development, and contract delays resulting from the ongoing COVID-19 pandemic. In light of recent events and uncertainties, the Company is currently re-evaluating prior sales predictions for 2021 and anticipates providing ongoing guidance based on complete results and developments during Q1. We are making great strides in refining our products, and in securing our manufacturing and supply chains in order to capitalize on the mounting anticipation and appetite for our products in 2021.
https://www.otcmarkets.com/stock/DSGT/news/story?e&id=1822610
Yes today's 8k is yet another piece of foundation they have been putting in place. This one commits to purchase quantities.
1000 ET5's at $30k = $30m upon sell.
https://www.sec.gov/Archives/edgar/data/1413909/000149315221004609/form8-k.htm
I guess the reason another EV play is down ~$100/share this week is because their losses were $172,000,000 in 2020.
Besides, do we want him answering 100's of calls from daytraders or working to build the company. It's a favorite line from those who would detract ppl from reality.
Congrats on the new house. Begs a opposite reality from those that would have us believe an investment here will be disastrous. Again congrats!
Yes it is. But then it took CSA 14 months to discover they didn't have the copies of DSG PR's. I take it they move pretty slow.
Track, I think you have the chart upside down lol. Up nicely still at hod.
"We are excited to partner with GreenBox to provide our consumers with more flexibility at that point-of-sale,” commented Bob Silzer, CEO of DSG Global.
“Providing cutting-edge fintech payment options adds another layer to our growing competitive advantage as we rapidly scale operations and grow sales moving forward.”
https://www.globenewswire.com/news-release/2021/02/18/2178369/0/en/DSG-Global-to-Accept-Crypto-Currency-through-Partnership-with-GreenBox-POS.html
SURREY, British Columbia , Feb. 18, 2021 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB: DSGT) ("DSGT" or the "Company") announced today that its subsidiary companies, Imperium Motor Corp. , and Vantage-Tag Systems, will begin accepting cryptocurrencies for payments through a partnership with GreenBox POS (NASDAQ: GBOX).
GreenBox POS is an emerging fintech company leveraging proprietary blockchain security to build customized payment solutions. GreenBox applications enable an end-to-end suite of turnkey financial products, helping to reduce fraud and improve the efficiency of handling large-scale commercial processing volumes for merchant clients globally.
Ben Errez, Chairman and Executive Vice President of GreenBox , commented, “GreenBox proprietary blockchain payment platform gives merchants the ability to accept over 200 cryptocurrencies as payment alongside traditional merchant payment services.”
“We are excited to partner with GreenBox to provide our consumers with more flexibility at that point-of-sale,” commented Bob Silzer , CEO of DSG Global . “Providing cutting-edge fintech payment options adds another layer to our growing competitive advantage as we rapidly scale operations and grow sales moving forward.”
The GreenBox partnership enables DSGT to accept cryptocurrencies, such as Bitcoin and Ethereum, for its Imperium Motor and Vantage Tag Systems product lines, including golf carts, GPS Infinity systems, service and support payments, electric vehicles, and more, providing EV Dealers and golf course customers globally with a robust, single-platform payment solution.
Serving as the settlement engine for financial transactions, GreenBox’s blockchain technology is a distributed ledger that uses digitally encrypted keys to verify, secure and record details of each transaction conducted within GreenBox’s private ecosystem. The speed and security of the platform allows GreenBox to log immense volumes of immutable transactional records in real time.
absolutely
Flag/Pennant building is fun to watch...will rain .08+ with breakout.
Who's more at fault, it took CSA 14 months to identify the issue, notify DSG, and put the CTO on.
They are certainly on the ball lol.
So where is the millions and millions of dilution?
https://www.otcmarkets.com/stock/DSGT/security
Gonna be a great day Tater!
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https://www.redchip.com/corporate/why_redchip
Yep there falls 025
me did, and it has only just begun.
https://media.giphy.com/media/emLv8IQBnhabCHgAwl/giphy-downsized.gif
Tested $1 four times and closed up 28% at 1.065.
$1 may be the new support!
Definitely will be one of the best plays this year.
Absolutely, 025 will fall b4 this momo ends.
Michael Mason, Nisqually Indian Tribe Economic Development Sr. Manager, stated: “We are excited about the possibility of establishing DSGT’s assembly plants on our property. Not only do we have a strategic location near a major interstate highway and a ready workforce, we very importantly, also are a U.S. General Services Administration (GSA) contractor, which means that we can assist in helping DSG Global sell EV busses, trucks and other vehicles through the GSA program to the federal government.”