When a stock performs strongly over a reasonable period of time then it might just be the right moment for investors to start following the stock a bit more closely.
The DSG Global (OTCMKTS:DSGT) stock has rallied by 110% over the course of the past week and this morning the company announced that it was in the process of beginning the production of 682 units of the SEV vehicle under the Imperium brand. The President of Imperium Canada, Christian Dubois, spoke about the situation as well. He stated that with the number of presale deposits that it received and the associated enthusiasm from the retailers in the North American market, it was the right time to place the inaugural monthly order for the SEV.
He went on to state that Imperium will be placing a total of three orders for the quarter and expects those order to arrive at some point in the fourth quarter. It was also revealed this morning that the first order is going to have a retail valuation of more than $26 million in the United States. DSG Global is also coordinating with its logistics partners so as to ensure that the vehicles are delivered efficiently.