DSG Global Inc (DSGT)

[1hot toddy]

THIS OPPORTUNITY IS BETTER THAN DSGT U SAY OVER THERE TRADER. NO WONDER Y U KEEP DOING THE EXACT OPOSSITE OF WHAT U SHOULD BE DOING. YOUR COMPANY OVER THERE SOLD A WHOPPING 2 VANS AND HAVE NO CASH, LAYING OFF PEOPLE. YOUR ONE STEP UP FROM DREAMKILLER. I PULLED FROM YOUR CEO OVER THERE. I CAN SEE Y IT FELL 30%.

Phil Oldridge, CEO of ADOMANI, commented, "We wish Jim well in his retirement. As a result of the significant negative impact the COVID-19 virus has had on our business, combined with the lack of funding that continues to plague us, we have very recently had to make significant cost and headcount reductions in order to reduce cash burn until we are able to generate meaningful revenue again. While we support the government's efforts to slow the spread of the virus while medical researchers try to create a vaccine, we also need to get the economy, and especially our business, going again, so we hope the relaxation of many of the restrictions happens soon, but that is out of our control. We remain convinced, however, that our biggest obstacle to success has been our inability to date to raise additional capital. Our most significant operating challenge remains the temporary inability for ADOMANI, a licensed California dealer for EV products and HVIP-certified since late October 2019, and our customers to access HVIP funding as a result of what we believe were serious administrative missteps by CARB and HVIP in 2019. The lack of access to HVIP funding has to-date prevented us from being able to deliver product to customers whose orders constitute the bulk of our backlog. We continue to believe that if those issues can be addressed and funds made available to us and our customers, we will benefit in 2021 from additional diversification of both our customer base and our product offerings. However,