DSG Global Inc (DSGT)

[Fufat]

Are these the concerns? $119,600 and $60,950. Really not that much money. Can't even buy a decent house with those amounts together.

Both state...

convertible into common shares of the Company, beginning 180 days from the date of the note up to maturity or repayment



($119,600) 180 days from February 10th is August 10th.

($60,950) 180 days from March 2nd is August 28th.

It seems plausible that these notes were converted after these dates.

I believe, they held them for 6 months as soon as they were able to convert... they converted.




(t) On February 10, 2020, the Company issued a convertible promissory note in the principal amount of $119,600. The note is unsecured, bears interest at 10% per annum, is due on February 10, 2021, and is convertible into common shares of the Company, beginning 180 days from the date of the note up to maturity or repayment, at a price equal to 80% of the average of the lowest two trading prices for the common stock during the fifteen trading days before conversion. Deferred financing fees and original issuance discount on the note were $22,135. The derivative liability applied as a discount on the note was $97,465 and is accreted over the life of the note.


(u) On March 2, 2020, the Company issued a convertible promissory note in the principal amount of $60,950. The note is unsecured, bears interest at 10% per annum, is due on March 2, 2021, and is convertible into common shares of the Company, beginning 180 days from the date of the note up to maturity or repayment, at a price equal to 80% of the average of the lowest two trading prices for the common stock during the fifteen trading days before conversion. Deferred financing fees and original issuance discount on the note were $10,950. The derivative liability applied as a discount on the note was $50,000 and is accreted over the life of the note.



AMHO.