QualityStocksNewsBreaks – DSG Global Inc. (DSGT) Announces Updated Strategy to Support Sales Growth Initiatives
DSG Global (OTCQB: DSGT) today announced the delay of its plan to complete a reverse stock split in connection with a potential listing on a national stock exchange. According to the update, the shareholder approval, as stated in the 14-C, will remain effective until March 2022. DSGT and its board of directors will delay the reverse split and instead seek to strengthen the company’s cash flow and balance sheet. The company is in negotiations to secure available debt (rather than equity) financing to bolster expansion, increase inventory and accelerate sales. “While the company is making significant progress on the business side,…