DSG Global Inc (DSGT)

[RoamingBull]

In January through their website DSG provided guidance that upon settling all notes there would be 22m shares outstanding and that most would be restricted. That was before covid and the shutdown of businesses across the globe.

SP decreased and the number of shares required to settle notes also increased. Yet as of the 10Q last Friday there are still only 31m shares and at least 12m are restricted.

During the shutdown, DSG has received 3 covid PPP loans & 1 business loan as follows:

On April 17, 2020, the Company received a loan in the principal amount of CDN$40,000 under the Canada Emergency Business Account program. The loan is non-interest bearing and eligible for CDN$10,000 forgiveness if repaid paid by December 31, 2022. If not repaid by December 31, 2022, the loan bears interest at 5% per annum and is due on December 31, 2025.

On April 21, 2020, the Company received a loan in the principal amount of CDN$40,000 under the Canada Emergency Business Account program. The loan is non-interest bearing and eligible for CDN$10,000 forgiveness if repaid paid by December 31, 2022. If not repaid by December 31, 2022, the loan bears interest at 5% per annum and is due on December 31, 2025.

On May 21, 2020, the Company received a loan in the principal amount of $30,065 under the Paycheck Protection Program. The loan bears interest at 1% per annum and is due on May 21, 2022 with payments deferred for the first six months of the term.

On June 5, 2020, the Company received a loan in the principal amount of $150,000. The loan bears interest at 3.75% per annum and is due on June 5, 2050. The loan is secured by all tangible and intangible assets of Company. Fixed payments of $731 are due monthly and begin 12 months from the date of the loan.

These loans are evidence of the viability of the company and the future growth it may see.

https://www.otcmarkets.com/filing/html?id=14337023&guid=9f76UqTA_zF193h