Digital Brand Media and Marketing Group Inc (DBMM)

[Stock_Barber]

1,970,185 Preferred shares (series 1) were outstanding at the last filing... they are each convertible into 53.04 shares of the Company’s common stock!

That is 105M shares alone!

And... as of May 31, 2015, an aggregate of $515,743 of convertible debentures have matured.

The convertible debentures are convertible at ratios varying between 50 and 55% of the closing price at the date of conversion through, at its most favorable terms for the holders, the average of the three lowest closing bids for a period of 5 days prior to conversion.

At the higher of the two (55%), with a share price of .0012, that is another 781M shares...

.0012 * .55 = .00066/share.

$515,743/.00066 = 781M!

What am I missing?