A good friend of mine, member of my investing team, and a regular contributor to this board drove several hours and attended a private meeting today with Kevin Holmes, the COO of the IR/PR team Chesapeake Group.
Here are his personal notes that he has given me permission to post. (After being gone all day long he's taking the wife out for dinner) Smart man!
Chesapeake Group Meeting Notes:
February 23, 2018
Kevin Holmes COO
• Kevin: "Any investor in DSG should assume a 850m O/S. It isn't that, but that is what I would advise anyone who's considering an investment to make"
• The brokers they deal with hold over 200m shares
• The Chesapeake Group has a ton of respect for Bob Silzer
• Began representing DSG Dec 2016 on a 6 month agreement
• The Chesapeake Group attended the 2017 PGA Show with the DSG team
• The contract wasn't renewed due to manufacturer issues and cut backs
• They were not onboard when toxic financing was written and they would not have advised Bob to go that route
• They are back on board now in more of a consultant role
• The S1 financing in Jan was Chesapeake’s recommendation
• There will be NO further toxic financing on their watch
• Bob is now working with the investment brokers they recommended
• 90% of CEO's in the same position Bob and DSG found itself in last summer, would have removed all assets and left a shell. Investors would have lost everything. But Bob didn’t do that and has remained vigilant in turning things back around
• Bob is extremely busy and has dozens of investors calling him everyday. DSG is extremely short staffed these days due to downsizing and he simply just does not have time to answer them all. So we recommend anyone with questions to please contact us.
• Chesapeake Group was also at this year’s PGA & GIS shows. Bob is not blowing smoke when he says the products were “HOT!”. At the PGA Merchandising Show someone asked how to get the 11" . Bob told them all that the display was a prototype and that bulk ordering will be available in March.
• Funding of orders are pending
• They will work with Bob and the TA on updating the share structure regularly
• Bob is well connected and respected within the Golf industry
• Bob has a personal relationship with Greg Norman
• Bob and The Chesapeake Group hears and reads investors comments asking, and in some cases demanding PR's
The biggest nugget I got:
DSG is in a quiet period, they cannot release PR's during this time. Serious financing and restructuring options are nearing completion.
The Investor Conference Call will be in March, maybe as soon as March 1st. Again quiet period restraints. But when the date is set, it will be put out for all.
Kevin, the COO said multiple times, within the next 2-3 weeks announcements should be forthcoming.
Chesapeake Group has taken 18 OTC companies to big boards; Nasdaq, NYSE, ASE, etc.
Final comment from both Kevin & Jerry. "We believe you will see a big change in March." $DSGT
Courtesy of TradeMonkee - Thanks again for doing this brother!!
The Chesapeake Group
Contact Details
Address: 305 Washington Ave, Suite 100
Towson, MD 21204
Phone: 410-825-3930
Email: info@chesapeakegp.com
Kevin Holmes
Chesapeake Group
410-825-3930
mfmngr@aol.com
AI
