Replies to post #88252 on DSG Global Inc (DSGT)

[malt66]

My interpretation is that the company is setting up for some massive revenues.

On the date of the SPA, GHS purchased 1,500 shares of Series F Preferred in exchange for one million five hundred thousand dollars ($1,500,000). Further, under the terms of the SPA, GHS agrees to purchase an additional 1,500 shares of Series F Preferred upon the filing by the Company of a registration statement with the Securities and Exchange Commission (the “Registration Statement”) registering the shares underlying the Series F Preferred and underlying the Warrants. At the Company’s request, GHS agrees to purchase an additional 1,000 shares of Series F Preferred every thirty (30) days (an “Additional Closing”) as long the Registration Statement remains effective and the Company’s average daily trading volume for the thirty (30) trading days prior an Additional Closing is at least $500,000 per day. The Company has the option to buy back any outstanding shares of Series F Preferred for six (6) months from the date of issuance. No shares of Series F Preferred shall be purchased under the SPA after the two (2) year anniversary of the date of the SPA.

[RoamingBull]

Yes, that is why we will soon have a 350m AS. Not a concern for me.

[fojcol]

Conversion is at 20% discount to price at time of conversion.
Let's say price is $5.00 at time of conversion. Each preferred is worth $1000, so each preferred would convert to 250 common shares ($5 - 20% = $4.... $1000 / $4 = 250.
Not too shabby!