befast
14 hours ago
You were also refering to Q1 conf call transcript before the release of Q2 dismal results. What has changed in the last three months, my guess is not much. We would have heard of the traffic in the Dallas store and its impact on the free cash flow that was supposed to lead to the opening of 50 stores (it's been close to 6 months now), the initial acceptance of new collection by key accounts,... So far nada, I guess they are still only working on the balance sheet, as if they coiuld not run the business at the same time! Very nice indeed. The 3+ USD warrant holders must really be thrilled with their investment
KeepItRealistic
5 days ago
$DBGI Listen to the Q2 call ⬇️
https://static.seekingalpha.com/cdn/s3/transcripts_audio/4715736.mp3
Market Cap 837k ???
It donβt get more disconnected than this β¦
My 🎯 remains $7.77
And taking advantage of the ridiculous drop by clueless sellers
Opportunities come and go β¦
Looks like the Company is being setup for a Reverse Merger β¦
βGood afternoon, everyone, and welcome to our second quarter conference call. I think the first thing I want to highlight on today's call is that we paid-off over $5 million in debt and other liabilities during the first half of the year, which is very significant as you can imagine. This was driven by conversations with strategic partners as part of our strategic review. And what they wanted to see us do was start to clean up the balance sheet, which we've done now. And that was an incredibly important attribute for them, especially, as they look at potential opportunities with us.
Also I'd like to highlight that we continue to get offers for our NASDAQ shell that are between $3.5 million to $5 million in value plus a percentage of whatever company would be coming in, that's usually $10 million to $20 million. So as you can imagine, there's value in our shell alone. And so one of the things as part of the strategic review process was based on feedback from strategic partners, what was most critical for them to focus on and the debt cleanup, which we did, which was $5 million in debt and other liabilities was a big piece of that.β