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Saturday, August 22, 2020 12:09:50 PM
Regarding the negatives about Bob. We know it was a devastating vendor issue in 2017 that caused taking on the toxic notes for survival. He could have so easily moved assets to a shell and bankrupted DSGT. It would have been a total loss for shareholders but an easy way out of a tough situation. The road back has been arduous and filled with setbacks for shareholders and the company alike.
Last fall DSG signed an agreement with Jonway Automotive Group for the exclusive rights to sell their EV products in North America and Mexico. They have introduced a new 4 wheel single rider golf cart and tied it to the heart of the DSG's product, the Tag control center.
With an OS of 31m shares this is an entirely different SS than in early 2018. They have spent 2020 settling debt which they gave us guidance to in January.
US and Canadian stimulus programs have provided 3 PPP loans in the past few months which has provided on-going finances for operations during the covid crisis. Not many OTC's get them which speaks well of the business model.
In short, the company is finally on the precipice of the success we dreamed of in 2018.
Covid delayed the news yesterday that launched trade volume equivalent to the entire restricted (12m) & unrestricted (19M) OS. It had been anticipated since late March.
It doesn't take much volume to significantly move a 19m trade-able OS. Just wait until we see a Pr regarding the grand opening of Imperium Motors' facility and inital orders of cars.
Inaccurate to say "he dilutes, reverse splits and does it again" when in the 12 year history of the stock there have only been 2 RS. Effectively only one if you consider there was also a FS. Plus at 31 million shares what kind of RS could possibly happen.
You and I have history, I know you are absolutely not a basher and I appreciate the contribution to the message board.
Again great to see you!
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