11k end Sept..
So 48k in 4q…
I doubt..
At 10% it would mean a 2M
Loan with 10% interest. (200k interest per year)

Just reading the last weeks posts. I
see that the padawan is still entertaining the board.
Funny when he was the one complaining about bashers on his investments boards.
What a long consolidation we have here. Let’s see what next quarter FS will
Show!

Quite impressive reversal from the 0.002 aera. I haven’t followed the board recently. Any development behind the surge in volume and price!
The one’s having sold at the bottom must be angry.
Let’s see what happens next.

Reminds me my little one asking why after each answer lolol

The beauty of the OTC were extremes are available.
Difficult to compare but for sure, I wouldn't invest long term in a one man show relying on shareholders to finance a losing activity.

As I am not trading short term anymore in OTC, I am happy wth a Cie delivering as JNSH did the past years _ profitable, repaid slowly but surely their debts.
The preferred shares matter isn't an issue until a conversion occurs. And truly, I do not see any short term reason for that other than protecting the main shareholder against a hostile take over.
I agree with you that we have been consolidating nicely in this range and that the next move should be North. Only volume will tell. Hopefully sooner than later.

On a more general note :
- Amazing how people get stuck in stocks.. and would not rely on basic information.
- Meme stocks are a good example of how you can make money with any stock depending of the social media and bid volume.
- As I said in the past here.. OTC is less fund than it used to be. I should check but I guess I lost my fist amounts in OTC in 2000 lol... Before that,, I was playing options and warrants.. casino time... if you are not a specialist, you are just a gambler in this kind of market. I see today's through my jobs how "rookie" I was at that time.

And speaking about my "investment style" today :
I am more a value investor so mostly 80% of my assets are in value plays at this stage. Could try to play around with some options strategies to protect the positions but mainly passive.
Part of that "poket" is what I call "my convinction plays" : long term investment in junior with regular reassesment of the situation.
I must have 5% in crypto..speculative but not trading the portfolio, more adjusting the mix inside depending of the advices I receive.
Another 5-10% is my playground of the past 12 months : CFD on fx, index, commo... what a dangerous place this is.. not suitable long term for me... too old.

And finally.. what gives us the HOPE.. the "I want the life changing investment".. the small caps, plays:
1) as many.. some lines at zero. You know.. the ones you keep... -20% then -50% then -90% and still hoping.. still believing.. and then.. looking back and telling yourself : how did I let it goes 90% down without reacting. Oh yes, I know why.. Because I am sure that the day after I sell, it will go up 50%
2) some huge success.. especially when otc went crazy (was that 2 or 3 years ago now?) JNSH was a nice play at that time. Many here knows the story.
3) some wait and see situation : JNSH

So.. what are the odds that JNSH goes from 3)to 2)or to 1)..
You know what I think... 3) or 2)
Wait and see..
Cheers,

Looks like the father joined his son.
Cheers

the possibility of converting is new, and this is obviously something to bear in mind. But I do think that the risk is relatively low.
There are many possible scenarios, but I'll mention just two:
- dilution to enrich oneself on the backs of shareholders: unlikely, not least because of the low volume. Before that, he would have to set up an awardeness program and try to inflate the share price.
- give himself the flexibility to increase the number of common shares. In other words, to keep control of the company. With such a small common, a hostile takeover may be possible.

I am looking more at the gross margin for each quarter: 50% in 2022, 15% in 2023
Said differently: in 2022 the costs of good were 50% of the revenues, 85% in 2023.
But with such anemic sales, the gross margin is not the issue.
Currently the total income does not cover the interests expense alone (123.7K interest versus 85.5k revenue) …
Lottery ticker needing cash injection until they are able
To generate at least 350k income per quarter.

The refinancing of the debt is the second hurdle: we will see if the LOI is ready to
Finance it or if lenders agree for
An extension or a conversion in capital (shares
Against debt)

Excellent !!! 🙌

It s nice you have some fun posting here.
Life could be tough elsewhere

Oh I know.. not the only inconsistency from him btw. Take care! 💪

Must be some kind of therapy form him to laugh at posters here…
Let’s be indulgent 😉

See you in 2024
For an Happy Ending.

Special txs to future and his DD!

Happy Christmas dear shareholders and posters! 😇

unfortunately, it's difficult to have an articulate exchange of opinion with the new residents here because their agenda is purely emotion-driven. Their agenda is just to puff their chest up and hate the other posters who disagree. As you know, they post here just as a retaliation against SB.
If, at least, they had some consistency between what they post for a stock they own and one they do not. It will give some credibility.

Still little to nil volume in the meantime but tax selling hasn't occur as some were expecting.

Take care.

I begin to be jealous of this buyer
No one of my brokers allows me to buy PSPW so not an option for me.

They allow me to sell them.. but as mos of us here, I won't. I mean I won't until buyers will be begging so much to buy them in the open market that I will maybe sell them a few shares to make them happy !

The brokers will lend securities to short seller :
- either from their inventory
- or using client's shares if those clients allowed their shares to be borrowed.

The fees rate provided is the one applied to the short seller. so about 20% interest per year for anyone borrowing DBMM shares.
Note that each broker could have different interest rate and other fees and specific margin requirements.

If I use Interactive brokers as an example for DBMM (it's one of my broker), they indicate about 4.1M shares available for short selling and a 20.0661% interest rate charged to the borrower.
In case, these shares available at IBKR are owned by a client (client allowing that IBRK borrows them from him to lend to the short sellers), IBKR will repay 50% of the interest to the client.

As an example, I allow IBKR to borrow my shares. And for one of my position, they have been borrowing my shares : they are charging about 54% per year to the short seller and give me back 50% (half so about 27% of the value of the shares they borrowed from me). The amount is calculated daily.
For reference : ticker ALSEN (French small biotech)


For anyone being a IBKR client, you can check availability and interest rates here:
https://www.interactivebrokers.com/en/trading/short-securities-availability.php

copy-paste DBMM info:

Name DIGITAL BRAND MEDIA & MARKET
Number of Lenders with Inventory 2
Symbol @ Exchange DBMM@OTCLNKATS
ISIN Code XXXXXXXH203
Country United States
Quantity Available 4'300'000
Current Fee Rate** 20.0661
**Fee Convention (Others) - reflects the rate charged to the borrower irrespective of the collateral interest rate.

and regarding my example:

Name SENSORION SA
Number of Lenders with Inventory 2
Symbol @ Exchange ALSEN@SBF
ISIN Code FR0012596468
Country France
Quantity Available 45'000
Current Fee Rate** 54.1717

Just looked at the trades. Someone got lucky buying as low as 0.117!!! 1k usd

Nice price action today. Hopefully not just a short term spike.

FS are good and I don't think they were late ?
Yes you are right. There were some comments about the infrastructure bill which could translate in more revenues for electrical company.
A logical deduction and would not call this a pump.
This is like mentionning that a specifif sector should see a nice revenue increase globally and deduct that a Company operating in that sector should benefit from the trend.
Quite logical imo.

I think we should not mix expectations and fairytale. What I see here are mainly expectations.

to answer your metaphorical thoughts :
as I said, the lack of volume will stop some people from buying here as the risk of getting stuck is real.

I don't agree with you about the "sell dreams" and "keep pumping".
The Company hasn't issue shares, does poor communications (only minimum requested quarterly FS) so I doubt you can define this as pumping form the Company.
And the posters here have been quite shy when it comes to pumping. A few comments when FS are out or when there is some volume. Otherwise, very quiet and the new posters as Fai or yourself are refreshing, bringing life here !

Indeed. But this kind of plays are either very short term or vey long term. This is otc. Either you are in a trendy stock and play the vol short term of you are ready to play it long term as you will do with a private placement.
JNSH is less than 3% of my investment portfolio so not happy that it is not moving as I was hoping but not in a hurry or need to sell it.

OTC used to be a good chunck of my trading, not anymore. the few I own are now in the "wait and see" situation.

Are you actively trading in OTC ?
GLTY

Yes prices goes up or down and we always look to oppotunities.
I am not sure the timing is now for the following reason:
- pps was in a trading channel 0.004-0.006 and broke it down after the disappointing FS
- spread bid-ask is high and has been for a while. Buying at the ask could prove expensive (up to 20% of the bid price)
- the few time I check, it seems there is ask block and few bids : for some here, it is clear this is shorts. I would think these are shares sold by either the one who received shares in 2023 or disappointed traders taking their loss.
- at these prices and up to Christmas, DBMM could be subject to tax selling (but I doubt such small stocks and volatile stocks are subject to such practices (too risky to miss the run up if the selling is just for tax reason with the wich to buy back later)

But I would buy for a swing trade if I see a -30/-40% intraday with volume and no news. In other terms in case of intraday capitulation. But ready to have stop loss in case it does bottom out same day.

I do think the main driver of this downturn are the financial statements and lack of business progress.
The Company make it clear that nothing will happen before 2024, not to day 2Q 2024 if I recall correctly. This is a long way to go after having been told in 2023 that the turnaround was near.

All imo.

This stock certainly needs more awardeness to get traction.
Obviously the lack of volume is a problem as it could discourage any buyer :
- momo players need volume
- P&D players need action/PR's/social network pumping
- Investors : need information

But it is encouraging to note that current holders are keen to keep their positions.
The main reason is that the Company is real and is profitable.
Yes, accounts are not audited but they are showing nice results : not only recurrent operational profits but also debt repayment.
Personnally I am willing to be patient because I like the way the Company has been ran up to now.
But I would like them to be more shareholders-friendly and communicate more about the business developent.

Not adding, not buying new trading shares but waiting for :
- more profits for the Company
- communication from the Company
- a group of investors understanding how unvervalued is this Company
- a Meme style rally coming from nowhere

Cheers,

Poo28
Any chance to comment the FS a little more in details as per my below post :

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173339428

Any repetitve post - pro or con - is annoying imo.
You have been posting this so many time now and I do not think it brings anything here.

Yes, they won't uplist and clearly PR from DBMM are weak and pathetic as they focus on the trading of the stock more than on the business.
Their forecast about uplisting was certainly more a "please the shareholder" statement than a true objective but it's not a big deal legally imho.

The true issue with the stock is the lack of business progress.
Any other matter is just distraction.
Longs here seem to justify the lack of progess to the stock trading activity and not the Company's inability to get new clients !
No long can comment the FS and give some answer about the financial situation. Quite disturbing.

When I read "gain from financial activities", I have quite a struck : Company survival is dependant of its ability to get loans or capital raises. And both are costly for shareholders. That's the reality.
Their only focus should be to increase the business (more clients).

Short term, money can always be made but long term, a sound business is needed. And for now, it's not the case.

Could you explain in simple terms what you like and dislike in the FS just released.
I haven’t noted any tangible change or improvement.

There is clearly imo a situation of over-promise vs under-deliver.

The clients base is still small as 4 clients represents 94% of the revenues
This is the most important: more clients and more income. Dbmm needs at least 1M income per year in order to address its cash burden.

What is your opinion? What improvement have you noticed ? In your view,how should they finance the activity until being break-even (loans or capital increase, other?)?

There is a lot of anger and dogmatism here but I still hope
to get a true answer.

Glta

I had a look at the 10K numbers and took some notes:
Sales 4Q = 88.2K vs 3Q = 98.5K
Cost of sales 4Q = 75K vs 3Q = 81.8K (I guess inflation has schrinked the margin
Admin fees 4Q = 92K vs 3Q = 107K (good point)
Interest fees 4Q = 88.9K vs 3Q = 68.4K (must be due to higher interest rates + higher total loan)
Net Gain 4Q = 27.8K versus 3Q = net loss -69.5K (this is due mainly to the change in derivatives value)

So for the year, the net loss is 713K
Main numbers_
Operating loss -414.8K
Interests -313.2K
Other income+change in value of the derivatives +15K
Foreign exchang -42K

I note that 94% of the income are from 4 clients versus 3 clients at end Q3.
If we calculates how much it in in average, we have:
30.8K per main client in Q3 - 27.7K per main client in Q4. Let's say we are around 10K per month per main client,


GLTA

The derivatives price is calculated by taking into account different parameters as the price of the underlying, the prevailing interest rate, the current volatility of the underlying (i.e. higher volatility translate in higher derivatives calculated price).
So it is right to have a look at this item when looking at the net gain/loss and separate the operation gain/loss, the other fees, the extra income/expense due to the change of value of the derivatives (highly volatile).

For 2023, we have the following change in the derivatives :
Value of the derivatives :
End August 23 = 206'746
End May 23 (Q3) = 377'243
End August 22 = 281'932
If no derivatives have been added or converted or removed, the difference in prices will translate in "change in fair value of derivative liab." in the Operations statements.

Here the exact "changes" bookes as other income/expense:
End August 23 (full year) = -42'070 (=income for the full year)
End May 23 (9M) = 128'697 (=Expense)
Q3 : -166'865 (difference of the derivative value between Q2 and Q3 = income)
Q4 : -170'767 (difference of the deriv. value between Q3 and Q4 = income)
So :
- for this quarter, the change in value of the derivatives brought an "other income" of 170'767.
- for the full year, the change in value of the derivatives brought an "other income" of 42'070

Hope this helps.

In this case, derivatives change in value and share price change are
Not the main reason of the loss.
Clearly admin expenses 464k + interest 313k are the reasons.
With an income of 310K there is a long way to profitability.

Note that they had to borrow
0.5M through loan.

Will read them more in details but it looks like there is nothing exciting

Are you comparing the accounting of an investment Company, should I say Buffet investment Company with the accounting of a marketing Company?
Apple and oranges at the best.
Obviously quarterly results of such investment Company will be extremely volatile as it mainly depends of the valuation of its investments. Their assets are valued at end of the quarter and the change in value will determine the theoritical profit/loss (positions are not sold most of the time)

Here their bold comments : "The amount of investment gains/losses in any given quarter is usually meaningless and delivers figures for net
earnings (losses) per share that can be extremely misleading to investors who have little or no knowledge of
accounting rules.
"
You pick up the wrong example to illustrate that quarterly net loss are irrelevant.

When "net earning loss/gains" are irrelevant for a Company :
- never but some specific can explain a one-time loss:
- is there any one time big charges explaining it. I.e. provision for legal proceedings, huge one time amortization of an assets, special conditions, disruption.

Regarding Berkhsire, do you note that YTD they show a 58B profit compare to a 40B loss for the 9M 2022.
Do you thing they "sold" more products, had less charges, new clients ?
Or do you agree that their investment were valued higher end Sept 2023 compare to end Sept 2022 ?

lol. Embarrassing to say the least.
let me help as well with two suggestions:
- high bid-ask spread
- second house
- paid pumpers
- multi-alias promoting the stock everywhere
- tax selling season

Should we pump it a little bit ? Here we go :
Why the CEO is not telling us that he will uplist to Nasdaq after having bought a few blue chips Company is beyond my understanding.
I suspect as well that some bashers here have naked shorted this stock three years ago. lolol Otherwise it would be at 10 usd
something is up (not the pps lol); No way to borrow shares ! What is telling us ?
lol

Great posts about our so predictable guest.

And reading your post, I keep telling myself that we had so great time went nuts as you said!
The winners of these days make for all the big bags I had in the past 20 years

You have to ADJUST 2014 shares by the 2015 reverse-split ratio (1 for 1000)
1M shares before split = 1000 shares after split.

link to my previous explanation


Please use data from a site that adjust previous volume based on subsequent split/reverse split if you do not want to do it yourself
link to Nasdaq data

My comments after 3Q 2023 FS:

A) BALANCE SHEET
1. Cash, credit line, payable, receivable
More cash at the bank although the quarter loss. How? (to answer Orca remarks).
The YTD details are in their cash flow statement but I summarize the quarter cash flow here, rounding the numbers.
Cash went from 38.5K end June to 119.4K end September = +80.9K. How?

What decrease the cash at the bank:
a) Quarter loss: -326K
b) Decrease of the Bank credit line: -82.75K (-82.75K in cash)
c) Decrease of the amount due to Capital One; -1.1K (-1.1K)
d) Decrease of the amount due to US Bank: -0.25K (-0.25)
e) Quarterly payment of the Chrysler note: -3.1K (-3.1K)
f) Decrease of the payroll liabilities: -12.8K (-12.8K)
TOTAL of items decreasing the cash: -426K

What increase the cash balance
g) New item called “Due to Others”: 60K (+60K in cash)
h) Increase of the account payable: from 0 to 22.8K (so 22.8 3Q expenses not paid as per end Sept.) (+22.8K)
i) Huge decrease of the accounts receivable: -424.1K (from 1.314M to 0.89M i.e invoiced amounts received by jnsh). (+424.1K in cash)
TOTAL of items increasing the cash : +507K
NET cash increase: +81K

I hope they continue to cash the receivable. Nothing worse than having debtors not paying the due amount. It would be detrimental not to get paid by the debtors.

In fact, I am not happy with this huge amount receivable. They should ask for a deposit and then issue interim invoices to be paid within 30 days imo. How does it work in the USA for services? Typically, clients are asked to pay an initial amount (down payment) and the balance after completion of the work.



B) OPERATIONS
Income = 600K for Q3
COGS = 839K for Q3
Direct Labor (382K)+Union Benefit (258K) = 640K
Union Benefit = 67% of direct Labor expense

I note that Leased Property I sup 132K in Q3. an amount equivalent to that of the entire first half-year. Same change for equipment rental.

Regarding the admin expenses:
Insurance: double the amount of previous quarter (11.1 in Q1 and Q2 versus 23.1K in Q3

Interest expenses: increase (6700 in Q3 vs 4100 in Q2) (higher interests?)
Rent : 29.4K in Q3 vs 8.8K in Q2 and 11.7Q in Q1
Payroll : 34.5K in Q3 vs 24.7in Q2 and in Q1
They had some marketing expenses (5.8K) : not for a new website or for PR lol)


C) COMMENTS
As I am owning jnsh shares, I am certainly wearing pink glasses but based on the expenses, I have the feeling they are increasing the business: more rent, more wages. And I would think that Q4 income (sales) is going to reflect this (as we had in Q2/Q1? big charges in Q1 compare to sales and huge revenue jump in Q2).
Total liabilities are down 7 % but I suspect this could go down fast in they manage to receive the “accounts receivable”.
The marketing expenses can be seen as a good sign that they want to develop further.

Here the answers I would like to get from them:
- What is booked under "account receivable". Is this clients having not paid the invoices yet, or paying with delay.
- What is the CS 8306 investment and are they going to reassess the value in q4 (50.5K currently)
- What are the 60K due to others? A loan? Are they bearing interest?
- What is the current interest percentage for the bank credit line as the interest expenses increased.
- How are they booking charges and incomes related to a specific project? In the same quarter or when the amounts are paid/received?
- Is the increase in labour a good indicator of the Company activity (more projects, more contracts with income(sales) to be receive later)?

Yes I will. Not sure when but this week when I have some spare time.

The only issue would be if :
- you have been running a Company for years, cumulating losses,
- decide to get a huge yearly wage
- dilute shareholders to pay expenses (especially your wages)
- receive some free shares or options as bonus

As far as I know, JNSH is making money and haven't added shares for years now. So, I have no issue with the CEO buying one, two, three houses, horses, island, space trips..
What I whish is to see my shares at a higher pps. For that :
1) more information from Management
2) audited accounts.

imo, one is sufficient for a huge rally.

Market cap is effectively so low for a profitable company. Any PR, business update would boost it imo.

I stated “income” as “sales. 600K in sales. The net loss is about 325K.
Again, this could be due to expenses and sales being booked as they are paid/received during the year. Ie charges paid in q3 and booked in q3, related to sales to be received in Q4 and going to be booked in Q4

Regarding the change in cash balance. It’s not a good indicator as big changes in accounts payable and receivable or use of the credit line will impact directly the cash balance.

Free cash flow is important imo.

Let’s be confident that they are generating great income by end 2023.

pps hit new lows YTD this quarter because (imo) of the lack of interest, low volume and quiet management (for years now).
I was hoping that stellar FS will bring more attention but we are not there yet.

Certainly still a very profitable company with pps not reflecting it yet.
Would love to get in touch with management about FS as some items are still a mistey for me (as for example amortization higher the assets value)

These are numbers for the 9M ending end September.
If you compare to the 6M ending end June, you will see a profit decrease
In other terms, you have to compare the cumulative numbers end Sept versus end June to get the 3Q result.

Cheers,