DSG Global Inc (DSGT)

[geocam]

$DSGT there's no share buyback & they are not going to retire shares. Shares are what they use to raise money. Restructuring will most likely include a reverse split so they can issue more shares in order to raise money.

There is no cash to buy back shares and there is no more room for convertibles.

Outstanding Shares were 2,502,280,318 on December 21, and are now 2,537,680,977 out of 3,000,000,000 Authorized Shares. Share count is still going up and they are running out of space in the authorized shares.

463 million shares at .001 is only $463,000 and that won't even cover the next 7 months of compensations.

$DSGT can not afford a share buyback or share retirement. They need more shares to sell.

https://www.sec.gov/Archives/edgar/data/1413909/000149315218017659/form10-q.htm

Compensation $599,539 for 9 months.

And, they are running out of money.


$DSGT net loss $9,316,119, working capital deficit $7,207,275, accumulated deficit $41,545,536. There is no money available to buy back shares. Buy back talk is just nonsensical chatter at best, and outright deceit at worst.

As reflected in the accompanying financial statements, the Company incurred a net loss of $9,316,119 for the nine month period ended September 30, 2018 and has a working capital deficit of $7,207,275 and an accumulated deficit of $41,545,536 as of September 30, 2018.