Replies to post #82111 on DSG Global Inc (DSGT)

[Gitzstv]

ANOTHER CEO LIE AND FAKE NEWS TO
MILK THE COW! DILUTION IS NOT CEASED AS REPORTED AND PROVEN HERE:

https://www.otcmarkets.com/stock/DSGT/security

https://drive.google.com/file/d/1IQviugyYR3IYQNJJY2Co8bFm39yGHBD3/view?usp=drivesdk

https://www.globenewswire.com/news-release/2020/09/22/2097323/0/en/DSG-Global-Pays-Off-all-Active-Convertible-Notes-in-Preparation-for-Growth-and-Market-Expansion-and-to-Avoid-Further-Equity-Dilution.html

YEP, CLEARLY ANOTHER CEO LIE RIGHT HERE!

ANOTHER 11M ADDED SINCE THE FAKE NEWS IN SEPTEMBER ABOUT ENDING DILUTION

11 MILLION IS 15% OF THE THEN O.S.!!

THE OS WAS 72 MILLION ON OCT. 9

TOO BAD THE FRAUD CEO LIES!! BAHAHAHAHAHAHA

REMEMBER THE PRIOR FAKE NEWS PRS ABOUT THE COMPANY STOPPING DILUTION !?

JUST READ THESE PRS FROM JUNE 2018. IT'S IN THE ARCHIVES. THIS SAME CEO BOB ALREADY USED THESE LIES TO SCAM THE LAST GENERATION OF FOOLS LOL LOL

EXCEPT AFTER HE PUBLISHED THAT PRESS RELEASE HE SOMEHOW MANAGED TO SELL 3 BILLION MORE SHARES OVER THE COURSE OF THE NEXT 12 MONTHS

"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."

LOL LOL THAT'S WHAT A PENNY SCAM
CEO WOULD WANT EVERYONE TO THINK

THE NEXT 10Q COMES SOON AND I BET IT IS INFESTED WITH TOXIC DEBTS!!

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

CEO BOB IS STILL DILUTING!! SELL SELL!!
DO YOURSELF A FAVOR AND LOOK AT OTC MARKETS AS IT WAS JUST UPDATED.

YEP JUST WATCH HE'LL LIQUIDATE THE ENTIRE 150 MILLION A S UNTIL HE EITHER AUTHORIZES AN INCREASE OR DOES A MASSIVE RS AGAIN

[Gitzstv]

THIS IS PER THE 10Q NOVEMBER 11!!
CONVERTIBLE NOTES ARE STILL DILUTING!! FILINGS DON'T LIE BAHAHAHA

YUP FRAUDULENT CEO BOB LIED ABOUT TOXIC NOTES. LOOK AT ALL THESE CONVERTIBLE NOTES..

Convertible Notes Payable

 

(a) On March 31, 2015, the Company issued a convertible promissory note in the principal amount of $310,000 to a company owned by a former director of the Company for marketing services. The note is unsecured, bears interest at 5% per annum, is convertible at $1.25 per common share, and is due on demand. As at September 30, 2020, the carrying value of the convertible promissory note was $310,000 (December 31, 2019 - $310,000).
   
(b) On August 25, 2015, the Company issued a convertible promissory note in the principal amount of $250,000. The convertible promissory note is unsecured, bears interest at 10% per annum, is due on demand, and is convertible at $7,000 per share. As at September 30, 2020, the carrying value of the convertible promissory note was $250,000 (December 31, 2019 - $250,000).
   
(c) On November 7, 2016, the Company entered into a securities purchase agreement with a non-related party. Pursuant to the agreement, the Company was provided with proceeds of $125,000 on November 10, 2016 in exchange for the issuance of a secured convertible promissory note in the principal amount of $138,889, which was inclusive of an 8% original issue discount and bears interest at 8% per annum to the holder. The convertible promissory note matures nine months from the date of issuance and is convertible at the option of the holder into our common shares at a price per share that is the lower of $480 or the closing price of the Company’s common stock on the conversion date. In addition, under the same terms, the Company also issued a secured convertible note of $50,000 in consideration for proceeds of $10,000 and another secured convertible note of $75,000 in consideration for proceeds of $10,000. Under the agreements, the Company has the right to redeem $62,500 and $40,000 of the notes for consideration of $1 each at any time prior to the maturity date in the event that the convertible promissory note is exchanged or converted into a revolving credit facility with the lender, whereupon the two $10,000 convertible note balances shall be rolled into such credit facility.
   
  On May 7, 2017, the Company triggered an event of default in the convertible note by failing to repay the full principal amount and all accrued interest on the due date. The entire convertible note payable became due on demand and would accrue interest at an increased rate of 1.5% per month (18% per annum) or the maximum rate permitted under applicable law until the convertible note payable was repaid in full.
   
  On May 8, 2017, the Company issued 25 common shares for the conversion of $5,000 of the $72,500 convertible note dated November 7, 2016. On May 24, 2017, the Company issued 53 common shares for the conversion of $10,500 of the $72,500 convertible note dated November 7, 2016. On May 25, 2017, the lender provided conversion notice for the remaining principal $57,000 of the $72,500 convertible note dated November 7, 2016. This conversion was not processed by the Company’s transfer agent due to direction from the Company not to honor any further conversion notices from the lender. In response, the Company received legal notification pursuant to the refusal to process further conversion notices. The Company has continually attempted to settle this litigation but has yet to reach an agreement. Refer to Note 17.
   
  During the year ended December 31, 2019, the Company issued 72,038 common shares with a fair value of $59,097 for the conversion of $32,000 of principal resulting in a loss on settlement of debt of $27,097.
   
  During the nine months ended September 30, 2020, the Company issued 53,764 common shares with a fair value of $53,226 for the conversion of $20,000 of principal resulting in a loss on settlement of debt of $33,226.
   
  As at September 30, 2020, the carrying value of the note was $193,889 (December 31, 2019 - $213,889) and the fair value of the derivative liability was $5,849,664 (December 31, 2019 - $360,718).

[Gitzstv]

WARNING FROM THE LASTEST 10Q !!
Note 2 – GOING CONCERN

As at September 30, 2020, the Company has a working capital deficit of $9,626,553 and has an accumulated deficit of $54,417,037 since inception. Furthermore, the Company incurred a net loss of $9,284,096 and used $669,096 of cash flows for operating activities during the nine months ended September 30, 2020. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These unaudited interim condensed consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

[Gitzstv]

From our incorporation on April 17, 2008 through September 30, 2020, we have financed our operations, capital expenditures and working capital needs through the sale of common shares and the incurrence of indebtedness, including term loans, convertible loans, revolving lines of credit and purchase order financing. At September 30, 2020, we had $10,413,521 in total liabilities, the majority of which matures within the next twelve months.

 

Outstanding Indebtedness

Our current indebtedness as of September 30, 2020 is comprised of the following:

 ?Unsecured loan payable with an outstanding principal amount of $317,500, bearing interest at 18% per annum;
   
 ?Unsecured loan payable with an outstanding principal amount of $250,000, bearing interest at 10% per annum, with a minimum interest amount of $25,000, mature and in default;
   
 ?Unsecured loan payable with an outstanding principal amount of $250,000, bearing interest at 10% per annum, is due on demand, and convertible into common shares at $1.75 per share;
   
 ?Unsecured, convertible note payable to a former related party with an outstanding principal amount of $310,000, bearing interest at 5% per annum, mature and in default;
   
 ?Senior secured, convertible note payable with an outstanding principal amount of $193,889, bearing interest at 8% per annum. Repayable in cash or common shares at the lower of (i) twelve cents ($0.12) and (ii) the closing sales price of the Common Stock on the date of conversion;
   
 ?Unsecured, convertible note payable with an outstanding principal amount of $81,470, bearing interest at 10% per annum. Matures on July 17, 2018. Principal is repayable in cash or common shares at the lower of (i) six cents ($0.06) (ii) 55% of the lowest trading price during the 20 Trading Days immediately preceding the date of conversion;

 ?Unsecured loan payable with an outstanding principal amount of CDN$40,000. The loan is non-interest bearing and eligible for CDN$10,000 forgiveness if repaid paid by December 31, 2022. If not repaid by December 31, 2022, the loan bears interest at 5% per annum and is due on December 31, 2025;
   
 ?Unsecured loan payable with an outstanding principal amount of CDN$40,000. The loan is non-interest bearing and eligible for CDN$10,000 forgiveness if repaid paid by December 31, 2022. If not repaid by December 31, 2022, the loan bears interest at 5% per annum and is due on December 31, 2025;
   
 ?Unsecured loan payable with an outstanding principal amount of $30,065. The loan bears interest at 1% per annum and is due on May 21, 2022 with payments deferred for the first six months of the term; and
   
 ?Secured loan payable with an outstanding principal amount of $150,000. The loan bears interest at 3.75% per annum and is due on June 5, 2050. The loan is secured by all tangible and intangible assets of Company. Fixed payments of $731 are due monthly and begin 12 months from the date of the loan.
 ?Unsecured loan payable with an outstanding principal amount of $78,643. The loan is non-interest bearing and due on March 2, 2021.
   
 ?Unsecured loan payable with an outstanding principal amount of $32,541 (CDN$43,243). The loan is non-interest bearing and due and payable on demand;

From our incorporation on April 17, 2008 through September 30, 2020, we have financed our operations, capital expenditures and working capital needs through the sale of common shares and the incurrence of indebtedness, including term loans, convertible loans, revolving lines of credit and purchase order financing. At September 30, 2020, we had $10,413,521 in total liabilities, the majority of which matures within the next twelve months.

 

Compensation expense increased by $3,034, or 2.4%, for the three months ended September 30, 2020 as compared to the three months ended September 30, 2019. Compensation expense increased by $1,389,650, or 343.4%, for the nine months ended September 30, 2020 as compared to the nine months ended September 30, 2019 primarily as a result of non-cash warrants and shares issued for consulting services during the period.