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| Moderators luvthemtrainz Jetmek_03052 MU_Redskin1 johnydollar Stock_Barber benhor | |||
DBMM delivers marketing value, brand consultancy and analytics in the digital economy through its brand, DIGITAL CLARITY.
* Large multinational companies were clients. Mercedes, Xerox, ProCook, Silverstone, H.R.Owen and many more
* Many awards including Won Gold at Digital Impact Awards 2018 and top 10 best social media firms award
* $3+ million in possible funding (a right of first refusal only)
* Active Florida registration for 20 years. Since 1998
Sequence of some key events
1. On Nov 15,2013 the SEC sent Notice to DBMM that its Auditor had been sanctioned and no longer approved public company Auditor..
2. DBMM was 2 weeks from filing its 2013 10-K and thus had to re-audit 3 years.
3. Due to re-audit work, Asher, one of the lenders, could not convert. Asher filed a lawsuit,
4. DBMM completed its re-audit in Sept. 2014 and filed 5 reports the same day, then requisite reports through May 2015.
5. DBMM unable to raise capital blaming Asher relentless litigation and was unable to file thereafter.
6. SEC suspended DBMM, started an Administrative Proceeding against DBMM to revoke DBMM shares registration and DBMM started trading OTC*PINK Current Market to OTC Grey Market.
7. DBMM fought SEC Administrative Proceeding.
8. Finally, DBMM identified new funding.
9. DBMM filed Audited Consolidated Super 10 K (Annual reports) for 3 years (2015, 2016 and 2017).
https://www.otcmarkets.com/filing/conv_pdf?id=12787576&guid=tHTeUq6BxCaQith
10. On June 18, 2018 the Legal Proceeding entitled Asher Enterprises, Inc. v. Digital Brand Media & Marketing Group, Inc . has been settled by the parties.
11. A quarter MILLION Dollars was invested in late 2017
12. July 2018, as DBMM filed Audited Consolidate Super 10 K (Annual reports) for 3 years (2015, 2016 and 2017) and Quarterly reports for Q1, Q2 and Q3 of 2018, OTC Markets website NO LONGER shows DBMM as delinquent filer. OTC Markets websites NOW SHOWS DBMM as SEC*REPORTING.
13. ONLY thing left is SEC Administrative Proceeding which started in May 2017.
14. Various stays from SCOTUS case for over 100 cases.
15. Nov 12,2018 Initial Decision vacated and oral presentations agreed and scheduled for Jan 15 2019.
16. Gov't shutdown requires new scheduling.
17. DBMM has been compliant since June, 2018.
18. April 10, 2019 12 million new shares were issued to 757,718,631 in total.
19. New hearing happened on March 21st
https://www.sec.gov/alj/aljorders/2019/ap-6449.pdf
20. On Nov 12, 2019, SEC Judge DISMISSED OIP against DBMM in Initial Decision. "In conclusion, the violations alleged in the OIP are proven, but no available sanction is appropriate. Thus, this proceeding will be dismissed."
21. Sanction challenged.
22. Delay delay delay!
https://www.sec.gov/alj/aljdec/2019/id1389cff.pdf
