DSG Global Inc (DSGT)

[Beandog]

With all due respect geocam...

The company just completed the first phase of a debt restructuring program that moved more than $11.8M in liabilities into long-term preferred equity.

Based on my interpretation of the recent 8-K, the company was required to increase the AS to accommodate the potential conversion of the Preferred shares. From what I understand from the attachments in the 8-K, the company was required to reserve in its authorized and unissued common share an amount of shares equal to 120% of the potential conversion of all Preferred shares.

Considering the company converted nearly $12 million in debt to Preferred shares, the AS increase was much smaller than I expected. Furthermore, the CEO stated on the recent conference call that that may be in a position to buyback the preferred shares before they convert.

The company has gone to great lengths to eliminate convertible debt. They have two small notes remaining totaling $235K that they intend to pay back in cash.

Links to 8-K (with attachments)...
https://www.otcmarkets.com/filing/html?id=12953802&guid=Td-ZUKfyqmOprth


Link to Conference call summary as confirmed by IR...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143147458

DSGT