Warning!! Warning!!
The CEO Bob silzer is on a share selling campaign!! It's the only way for this company to stay in business. Bob admitted this fact in the most recent 10-k filing under the title 'going concern'. Bob states that he is dependent on the support from convertible notes and shareholders to buy the shares!!
Yet he pays himself $200,000 a year LOL. Bob has no intention of ending dilution. This company operates at a huge net loss every single quarter since its inception! This company is not profitable!! Do you know what means???? Guaranteed losses!! Lol.
For the ones that don't believe in the dire situation of the company here you go lol..
Page 9 of the 10Q;
Note 2 – GOING CONCERN
"These unaudited interim condensed consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders and note holders, the ability of the Company to obtain necessary equity financing to continue operations, and ultimately the attainment of profitable operations. As at June 30, 2019, the Company has a working capital deficit of $6,839,345 and has an accumulated deficit of $42,334,607 since inception. Furthermore, the Company incurred a net loss of $279,786 and used $248,239 of cash flows for operating activities during the six months ended June 30, 2019. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These unaudited interim condensed consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern."
Defecit:
Balance, March 31, 2019 (49,227,794)--page 7
There you have it folks! Just shy of $50M debt!! I wonder how bad it will be at the end of the year.
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Page 24 of the 10K.
Risks Related to Our Business
"We have a limited operating history with significant losses and expect losses to continue for the foreseeable future.
We have yet to establish any history of profitable operations and have incurred net losses since our inception. We have generated only nominal revenues since our inception and do not anticipate that we will generate revenues which will be sufficient to sustain our operations in the near future. Our profitability will require the successful commercialization and sales of our products. We may not be able to successfully achieve any of these requirements or ever become profitable.
There is doubt about our ability to continue as a going concern due to recurring losses from operations, accumulated deficit and insufficient cash resources to meet our business objectives, all of which means that we may not be able to continue operations.
Our independent auditors have added an explanatory paragraph to their audit opinion issued in connection with the consolidated financial statements for the years ended December 31, 2018 and 2017 with respect to their doubt about our ability to continue as a going concern. As discussed in Note 2 to our consolidated financial statements for the years ended December 31, 2018 and 2017, we have generated operating losses since inception, and our cash resources are insufficient to meet our planned business objectives, which together raise doubt about our ability to continue as a going concern."
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page 47
Explanatory Paragraph Regarding Going Concern
The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 2 to the consolidated financial statements, the Company has a working capital deficit, and has incurred significant operating losses and negative cash flows from operations since inception. As at December 31, 2017, the Company has an accumulated deficit of $32,229,417. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also discussed in Note 2 to the consolidated financial statements. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
The fillings don't lie people!!
Yep what do you expect from a dilutive penny scam company?
They admit that the business is not profitable and always incur operating losses!!
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Read from the S1 folks:
RISKS RELATED TO THE OFFERING
"Our existing stockholders may experience significant dilution from the sale of our common stock pursuant to the GHS Financing Agreement."
"The sale of our common stock to GHS Investments LLC in accordance with the Financing Agreement may have a dilutive impact on our shareholders. As a result, the market price of our common stock could decline. In addition, the lower our stock price is at the time we exercise our put options, the more shares of our common stock we will have to issue to GHS in order to exercise a put under the Financing Agreement. If our stock price decreases, then our existing shareholders would experience greater dilution for any given dollar amount raised through the offering.
The perceived risk of dilution may cause our stockholders to sell their shares, which may cause a decline in the price of our common stock. Moreover, the perceived risk of dilution and the resulting downward pressure on our stock price could encourage investors to engage in short sales of our common stock. By increasing the number of shares offered for sale, material amounts of short selling could further contribute to progressive price declines in our common stock."
The issuance of shares pursuant to the GHS Financing Agreement may have a significant dilutive effect."
"We may not achieve profitability or positive cash flow.
Our ability to achieve and maintain profitability and positive cash flow will be dependent upon such factors as our ability to deliver quality risk management and custom app development services. Based upon current plans, we expect to incur operating losses in future periods because we expect to incur expenses that will exceed revenues for an unknown period of time. We cannot guarantee that we will be successful in generating sufficient revenues to support operations in the future."
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Lol did you read that?? Didn't the liar CEO say it would be cash flow positive end of 2018?
This scam stock came down from above $25 and tanked to where it's now a long time ago!! Remember last year when it got to $.005 for a short time in the previous SS??
That's like $20 in current SS.
It actually went to .0075 or about $29 today for like 2 days.
That's what happens when a penny scam maintains Never-ending dilution and pulls a RS. You can thank the CEO Bob for this disgusting failure.
This worthless stock will never see $5 again. Dsgt will continue to break records for lower lows and bigger losses.
Warning folks, more dilution coming and they are at an operating loss!! Do you know what happens to a company operating at loss?? $50M worth of debt already on the books!!
You can't trust anything Bob the CEO says. How many times did he say he would become more transparent to shareholders and build shareholder value??
LOL, are you kidding?
It's pretty clear that Bob at Penny scam $dsgt only writes PRS to help the note holders unload and dump the dilution on unsuspecting people. Didn't Bob also lie about ending dilution, blockchain technology, 10 million-dollar pipeline, IB funding, restructuring the company debts or getting the filings done on time??
LOLOLOL I could go on and on about CEO lies and deception. This company has become desperate to sell shares for free money because that's the only way Bob can keep collecting a paycheck and keep the lights on and pay the rent!! Unbelievable!! What a pile of frauds.
