Friday, October 23, 2020 10:52:54 AM
In connection with the note, the Company granted 83,333 warrants to the lender. Each warrant can be exercised to purchase shares of common stock of the Company at a price of $0.75 per warrant for a period of five years. As the entire net proceeds of $73,000 were first allocated to the derivative liability which is measured at fair value on a recurring basis, the residual value of $Nil was allocated to the equity-classified warrants.
16
As at June 30, 2020, the carrying value of the note was $61,931 (December 31, 2019 - $20,795) and the fair value of the derivative liability was $239,109 (December 31, 2019 - $105,790). During the six months ended June 30, 2020, the Company accreted $41,137 (2019 - $Nil), of the debt discount to finance costs.
THE FRAUD CEO SOLD 2.5 BILLION
SHARES AFTER ENDING DILUTION LAST TIME!! LOL LOL.
THE FRAUD CEO ALREADY USED THAT LIE 2 YEARS AGO LOL LOL AND NOW WANTS TO TRY IT AGAIN. HE SOLD 2.5 BILLION SHARES AFTER SAYING THAT LAST TIME.
LOL LOL THAT'S WHAT A PENNY SCAM
CEO WOULD WANT EVERYONE TO THINK
JUST READ THE PR FROM JUNE 2018.. IT'S IN THE ARCHIVES. THIS SAME SCUMBAG BOB ALREADY USED THESE LIES TO SCAM THE LAST GENERATION OF FOOLS LOL LOL
"We expect to announce another $3M of liabilities transferred into longer term preferred equity as well as announce a similar settlement of the debt currently booked to Coastal Investment Partners, LLC of $200,000.00 and settlement with JSJ Capital in amount of $100,000.00 over the next two weeks. This will eliminate all Convertible Notes on the books."
https://www.globenewswire.com/news-release/2018/06/26/1529295/0/en/DSG-Global-Inc-Releases-Shareholder-Update.html
https://www.globenewswire.com/news-release/2018/06/08/1519237/0/en/DSG-Global-Inc-Releases-Shareholder-Update.html
NOTICE ALL THE LIES CONTAINED IN JUST THESE 2 PRs!!
WHO'S THE ELECTRICS MANUFACTURER? ARE THEY AFRAID SOMEONE WOULD TRY TO VERIFY IT?
WHERE'S THE ACQUISITIONS?
WHERE'S THE RESTRUCTURING PROOF?
OTCWORKOUTS LLC IS A FAKE COMPANY WHO DID THE RESTRUCTURING. YOU CAN'T FIND THEM ANY PLACE.
FAKE BUSINESS, FAKE RESTRUCTURE.
THE COMPANY HAD MORE DEBT THAN EVER AFTER 2018 AND BOOKS WERE ABSOLUTE DISASTER
BUT PEOPLE WERE SO HYPED AT THE TIME THEY BOUGHT AS MANY SHARES AS THEY COULD AFFORD.
THE STOCK PRICE WAS $.002 AND THEY THOUGHT IT WAS GOING TO 10 CENTS LOL LOL. YUP THE HYPE WAS MORE THAN NOW.
THE FUNNIEST PART IS THE PRICE OF A SHARE WAS $8 THEN USING THE PRE-RS PRICE. A MASSIVE RS HAPPENED A YEAR LATER.
OBVIOUSLY CONVERTIBLE NOTES WERE NOT OFF THE BOOKS!!
YUP A SCUMBAG PENNY SCAMMER CEO LIES AGAIN BAHAHAHAHAHA.
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