Duos Technologies Group Inc (DUOT)

[Adrian1]

@DUOT Have been asked to comment on the recent offering announcement. The Company’s largest shareholder has just invested a further $4M in a new series of preferred stock (Series E).

My opinion: This is a strategic investment in a Series of Preferred Stock which can be converted into Common Stock at $3 per share i.e., above the current market at the holder’s election.

I believe this is to build a larger position in the Company as its business is expected to grow. There are no dividends or derivative equities issued with this such as Warrants. The above market price purchase is a positive indicator in my opinion. We appreciate their investment and believe it shows a strong belief in the company’s future.