Replies to post #70252 on DSG Global Inc (DSGT)

[Gitzstv]

THANKS FOR THE LIES. I KNEW THE Q
WAS DESTINED TO BE A DISASTER

Yup just these notes alone will take it to sub penny. Add on the other 20 million shares needed to convert from old debt.

On April 15, 2020 the Company issued a convertible promissory note in the principal amount of $60,950. The note is unsecured, bears interest at 8% per annum, is due on April 15, 2021 and is convertible into common shares at a conversion price equal to 80% multiplied by the average of the lowest two closing bid prices for the Common Stock during the fifteen trading day period ending on the latest complete trading day before conversion. Deferred financing fees and original issuance discount on the note were $10,950.


On May 14, 2020, the Company entered into a working capital loan arrangement for $30,817 (CDN$43,253) with terms yet to be finalized.


Subsequent to March 31, 2020, the Company issued:

  ? 1,183,000 shares of common stock for services provided by employees and consultants;
     
  ? 612,244 shares of common stock for settlement of share-settled loans payable;
     
  ? 3,799,933 shares of common stock for conversion of debt and outstanding interest;
     
  ? 7,663,695 shares of common stock to satisfy shares to be issued at December 31, 2019; and
     
  ? 136 Series B convertible preferred shares to directors, officers, former directors and related parties of the Company.

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.

As at March 31, 2020, the carrying value of the note was $16,384 (December 31, 2019 - $Nil) and the fair value of the derivative liability was $134,048 (December 31, 2019 - $Nil). During the three months ended March 31, 2020, the Company accreted $16,384 (2019 - $Nil), of the debt discount to finance costs.

(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.

As at March 31, 2020, the carrying value of the note was $4,843 (December 31, 2019 - $Nil) and the fair value of the derivative liability was $66,422 (December 31, 2019 - $Nil). During the three months ended March 31, 2020, the Company accreted $4,843 (2019 - $Nil), of the debt discount to finance costs.