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Went up Peanuts because there's no interest. The A/S is 1.5. Make no mistake. They ran out of money. They didn't get financing. How do you stay open and keep operating without funding? You raise money by upping the A?S and diluting the shit out of your company. It's gonna get worse soon and I'm getting out the second interest rises. I'll gladly dump my shares and take my losses at this point. I've already stayed 4 months longer than I said I would. It's over for me. Good luck to everyone else who still believes. I hope I'm wrong for your sake.
It's over. I got out last summer and got back in. Such a big mistake.
Correct! Accounting practices don’t change. The reason for the delays is basically they don’t know how to run a business and likely their accountants are spending all of their time trying to gather information from a mismanaged company. This thing is toast. Nothing but a big loss tax write off.
It’s always an excuse. How much incompetence does it take? The incompetence is on management for allowing it. This was a concern raised at the last call and Bob said they would not be late again. And... here we sit.
In my opinion they’re buying time for more of their BS. It’s pure manipulation.
At this point they aren’t operating in compliance with the SEC. it’s a habitual pattern that isn’t tolerated on any exchange.
No, they’ll have the same response as always. There’s a ton of research done that shows negative PPS reaction by investors based on late filings. When a firm or company continues this practice, it’s essentially manipulating the PPS. This company is screwing long term investors and they know exactly what they’re doing and why they’re doing it. They’ve been reported and I’m done with their BS.
This makes no sense. If they were going to do this, it would’ve happened before the split at the bottom of the PPS. This isn’t happening and isn’t necessary any longer IMO.
Can’t reply to you privately. I’ll say 3 things. 1) thanks for the message. I just moved out of northern Va to Collingswood Nj after 19 years there. It was great and I’ll miss it. I finally left government work and I’m now in Philadelphia, after getting an awesome opportunity professionally. 2) my negative comments were founded and I’ve been patient. I haven’t sold a single share in over 10 months. I flipped and averaged down once and I was vocal about it. I own a large stake here and I suffer like everyone. I’ve also been patient and not commented recently, so there’s no reason to feel like I’m a “basher”. I call it fair. I’m stuck at a loss until 5. So, I hope I make some cash or at least make my money back. 3) I only responded to you because I respect you. Cheers and happy hunting to everyone. This play was a tough pill. I’m still here. I’ll always speak my mind, negatively and positively. I’m hoping things are better now. We shall see!
If you think this is just a GPS software, you shouldn’t be here. I hate this stock right now but this is just about the dumbest thing I’ve read on these boards. It’s a fleet management technology that can be retrofit into other industries like agriculture, military, public services, etc, rental car companies, and even school districts to track, bus routes, drivers ed cars, and landscaping equipment. The use cases are endless, but I have very little faith in the leadership here. They absolutely suck at closing deals.
Make no mistake. He’s a scumbag. He knows what’s happening to his shareholders and doesn’t give two effs. As long as he’s getting a paycheck and his company hasn’t gone under.
Correct! The news of an expanding sales force has been used before. But at the end of the day, we're 1/4 into 2019 and that 11 million pipe dream has yielded less than a 10th and we still haven't seen the books to see how much of a loss they're still taking. Their operations out weigh their earnings right now and this is terrible for business moving forward without a deal in place with a bank.
We aren't uplisting. We aren't going anywhere but to zero. All of the intelligent investors are gone. They took their losses and left, like we all shouldve instead of being stubborn.
Too many people sat around here and listened to people like Varok and others with their grand plans. It's a wasteland. Bob can't sell shit. If you can't sell, you're nothing more than an expensive hobby. That's what this is. And we are funding it.
You're a fool for always choosing to see the "possibility" and so is everyone else, who only want to see the unicorn in the grass instead of the reality. We're going down and the earlier you accept it, the easier it will be. I lost a lot of money here and I'm too stubborn to do anything other than watch it hit zero. That said, I'm willing to admit it. I waited too long. Stupid me!
I'm not walking away! I see absolutely no use in taking my losses and walking away. I'll watch it go to Zero. Won't matter to me at this point! That doesn't change the fact of what has happened here. I'm glad you're being positive, but it's also very dangerous, disingenuous, and harmful to new and confused investors for people who are constantly positive on something that has done nothing but kick them between the legs. You're enabling this sinking ship.
We can parse words all we want. If I give you an example, you'll say he never said that. The truth is, If he Lied, he'd be in trouble. So, i'll restate and just say he wasn't forthcoming and definitely manipulated investors into thinking he had different plans. 8 months after that 1st Shareholder CC where he said he'd never reverse split unless in a position to increase SH value and he does a 4000 - 1 split. That's absolutely insane and anyone trying to rationalize is lying to themselves. It's a massacre. He's out of money, didn't get any sales after the PGA show, and now is trying to figure out how to survive. He'll split and increase the O/S and start diluting again. It's inevitable. There's literally no other way to make up the 40 million dollar deficit, because he isn't showing any sales. Where is the money coming from in this Pipeline? What happened? It's all bullshit!
I'm starting to think he was right. I shouldn't have blocked him. Bob is raking money like a craps dealer trying to cover his losses. The only one's getting screwed in this deal are common shareholders. He's a snake!
What makes you think Bob is going to do that? He's told nothing but lies since his statement over a year ago. This thing is dead. I waited too long. My plan was to get up in March and I got boat raced. Oh well, you learn. What I do know, is Bob has flat out robbed those invested in this thing. Does he care? Of course not. To him, we are nothing more than sleazy traders, so he doesn't care if we get clobbered. I learned my lesson the hard way. If I ever do see him, I'll let him know what I think of him. He's a con-man! Complete con artist.
You're being very optimistic. I'm not convinced Bob has the chops to beat the streets and sell. He's a technology guy. An idea guy. He's a "wish in one hand and shit in the other" type of guy. He's "NOT" a sales guy. And because he can't sell, that will ultimately be the reason this ship sinks. I'm in so deep at this point that I'm just letting my money ride. Considering it a loss and a big middle finger from the Canadian Con-Man. I would love to put some boxing gloves on with him for a few minutes.
At least they don't have an AOL address. The people on here that have defended this crap are so gullible.
That PR was total BS. It was basically saying, I'm going back silent until 10K, so leave me alone. He didn't announce one single sale. Keeps referencing his bullshit pipeline. Pipelines are nothing more than pipe dreams until you make a sale.
More BS from Bob in my opinion. Reading between the lines will help some of you that keep burying your heads in the sand. I'll translate: "We did not get an investment from any bankers, so we decided to let our ShareHolders take the brunt of the load, while our corporate staff continues to pay ourselves bloated salaries."
What Bob did with that R/S is downright criminal.
Not sure how Bob can live with himself, knowing he just fleeced millions of dollars out of common folks here.
What are the chances this guy still says, "no worries! No R/S!"? I'd say pretty high.
I'm paying very close attention. Where are the contracts? Hello! You are just repeating what Bob has already said. He doesn't need another Mouth Piece. There's already one idiot on here that does that every 30 seconds. This company needs someone to take an actual critical look at what is and has happened to this point, and it's my opinion that this thing is close to lifeless, or Bob's intentionally withholding information, which is a federal crime in the US. The only other explanation is that he's intentionally keeping the price down for nefarious reasons, which is also a crime.
How long has it been since they've PR'd an actual contract? Serious question. This company relies on revenue and they aren't bringing in contracts. They're diluting for revenue. If they are bringing in contracts, they sure aren't telling us about it. All we ever hear is about deals being worked and pipeline's or Pipe Dreams. The fact is, there's absolutely zero reason that they should have gone a full month since the PGA show without releasing the terms of a single contract signed. It's unfathomable! They don't sell shit other than noise. I've been here for 14 months and I'm sorry, but I just don't see an appetite for selling. I see an appetite for paying themselves a salary and taking investor money through dilution. He stated "DSG hasn't diluted in "weeks". How many weeks? Two? That answer is friggin ridiculous! Compete Garbage! He should've been saying that they haven't diluted in months. But he didn't!
Bob's not stupid and chooses his words carefully. We are being took here folks and I'm telling you right now, this is not going to end well for us in my opinion. They aren't getting financing. No one will give a company money that can't sell. It's just a fact. I didn't want this to be true but it's not happening. The second this runs even a few ticks, I'm out of here.
Even if this thing runs again on a little bit of news, it's gonna get pummeled very quick with folks getting out. You will see 10's of millions of shares dumping the second this thing hits even .001. He completely ruined his chance to keep his word and look out for shareholder value. He doesn't give 2 effs about his shareholders. He's used them for an ATM machine and is now scrambling. There's no more money left. The little bit of revenue that they're bringing in is completely washed with bloated salaries and operations. They are busted because they didn't get the financing they were expecting. If they did, we wouldn't be sitting here swirling down the drain. I hate to say it, but this thing is very rapidly approaching the end. Maybe someone jumps in and acquires what's left of it, but I'm doubtful.
I thought his explanation was garbage. That's my opinion. You build your sales year around 2 major evens and skip one. That's about as asinine of a game plan as I've ever heard.
That's actually what bothers me. This company can't afford to fiddle around with constantly developing new products and going in all these different directions. You do that when you have cash flow and revenue to spend or to leverage for non dilutive financing. Yet, this dipstick seems to have no problem diluting and stealing money to create new products instead of selling. He's got zero hustle. He's someone who likes to tinker and build things but doesn't have a clue about how to run a company. He should be a "director of technology and product development" and the company should be ran by someone who knows what the hell they're doing. Sorry folks, but it's true. This is getting very close to busting I'm afraid.
There's actually a lot Bob can do. Like being open and honest about what is happening with that BS 10 million dollar pipe dream he released earlier. Or explaining why they decided not to do the second golf show in San Diego. There's a lot of communication Bob promised last year. He also promised a year of execution and it was nothing more than a year of dilution and attempting to save the company. It's been more than disappointing. I'm done sticking up for him. He's a used car salesman that can't sell a damn thing.
He's totally blown all of the momentum he had from the PGA show. Completely wasted and again, he's shown his inability to execute and communicate to his shareholders. That CC was mostly nonsense. He knows what everyone wants to hear, yet he wastes everyone's time not saying a damn thing about the continued dilution.
It's not really impatience at this point for many and I would not consider myself a trader, as I've only ever invested in 2 stocks in the OTC. I've been in this one for going on 14 months, so it's inaccurate to say someone like me has "lost patience" or is not "long". I'm waiting until Mid March and will begin dumping a sizeable bag around then if things don't move. It's not a lack of patience, rather losing faith in the Managements ability to focus and execute a strategy. They haven't shown me that to this point.
Last year at this time they were blabbering on about Block chain, etc. Now they seem to be only focused on their Raptor, which I think is a mistake. I think less money shouldve been spent on R & D early and more should've been invested in a sales team and sales strategy, so they could build the company on the backs of revenue and not shareholders. Bob has proven he has no problem increasing the OS and making Shareholders pay for his lack of execution. That's just my opinion.
I had a few guys I know talk to him at the PGA show. He seems like a smart guy who has big ideas but shouldn't be a CEO because he's unable to hire people around him that are ready to bang the streets and sell.
I'm days away from washing my hands here as well. I don't think Bob is motivated to walk the line of keeping shareholders interested and doing what's best for the company. There is a line to walk there and he has not done a good job. He's reactionary and only releases PR's when investors go bonkers for several days. I'm also concerned about not getting a real good reason why they skipped the Golf Show in San Diego. That doesn't make sense to me and I wasn't satisfied with the reasoning. It's just taking them way too long to execute and that's fine on his terms, but investors just don't like waiting years.
Doesn't all brand awareness help lead to new business? If not, it won't hurt. Especially if someone sees it and starts researching the raptor. It's the only 3 wheel cart and the only one with technology built in.
https://mygolfspy.com/the-two-person-golf-cart-needs-to-die/
You guys are too busy talking nonsense. It's very relevant that we are mentioned in here. mygolfspy is an industry influencer.
I'm a loyal follower and occasional contributor to MyGolfSpy segments (ie. when they ask loyal followers to test equipment and provide feedback). This was an interesting article that they just posted minutes ago. DSGT is featured in there. Wish they had the new branding nailed down. Still good publicity for free. Also interesting to see our competition. From a functional standpoint, I believe we offer the most value on the course.
https://mygolfspy.com/the-two-person-golf-cart-needs-to-die/
That's news to me if they tweeted it because I was the one who did the original DD and tracked them down and to my knowledge, we never got a confirmation.
Can you share the tweet? I'd like this to be confirmed.
This is where I'm at. Point is, there's no reason to complain right now. Wait until the dust settles from the most important time of the year for this company.
Were you here last year? The stock didn’t run until after they started PRs about the results from this show. Anyone who thought we were going to get tons of PRs during the show is not very intuitive. It’s not like they have contracts getting signed right there at the booth and even if they did, there’s legal stuff that needs to happen before they start firing off information to shareholders. These guys are at the show all day long. For 4 days! They do dinner and drinks at night with potential clients. It’s a 4 day schmooze fest and on big industry party really. Most of the deals get rattled out after everyone gets home and settled in.
Everyone needs to relax until late Feb, just like last year. We may see a bump before that but I expect late Feb, into early March to send this thing to copper. Give them time to get home for crying out loud.
I can't tell but it looks like they may have the Raptor set up with the Tag touch mini.
It looks like they've updated their website some. My question to them would be, "under your Products tab, you only list two products". The raptor and the the golf cart. Why not list the technology too? I'm assuming most courses would want their current carts retrofit with the technology, so the technology products should be listed there too.