Digital Brands Group Inc (DBGI): Oh I did … I also read the 8k below t...

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Re: befast post# 2524

Saturday, 05/04/2024 8:58:36 AM

Saturday, May 04, 2024 8:58:36 AM

Oh I did …

I also read the 8k below that needed to be cured

https://www.otcmarkets.com/filing/html?id=17476718&guid=2QQ-kH1gJU_sB3h

I Also read last 2 filings 10k & 10Q that showed a decrease in shareholder equity due to charges the company was forced to take as explained in 10k call

Q3 stockholders' equity of $5,221,345
10k stockholders' equity of $1,602,592

They Needs it to be 2.5m or more for compliance

This warrant exercise of $3.2m will cure it

The extra unneeded cash of $3.2m can be used to accelerate store openings and pay down remaining debt or both.

And these funders who just payed $3.15 for their shares (above Market) will need to sell these shares at much higher prices to recover their $3.2 million they just gave the company

They’re a greedy bunch !

Watch and see how the game is played

And see you over $10 after Q1 results