Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Lies , even the same lies , have been corrected with documentation dozens and dozens of times. It is defamation to post a Jan 2017 order which was withdrawn because Curt Kramer and Hope Capital and all Kramer companies signed a Federal SEC Consent Decree in Oct 2016, ordering them to NOT seek shares in any public company or its subsidiaries.
It was Fraud not to disclose to Civil Judge. It is fraud and defamation to keep posting it.
https://www.sec.gov/files/litigation/admin/2016/33-10239-s.pdf
https://www.sec.gov/files/litigation/admin/2016/33-10239-s.pdf
False , canceled legal doc is the worst kind of lie.
Shareholders aren’t stupid, playing the semantics game, are you? Paid to a Company to “educate?” Pretend expert funded by shorts, bad actors, and manipulators. Do not sit on a chatroom 24/7/365 for free. Never.
Here is example of lie—“DBMM not long for this world”. To scare as usual, 6 days later the Dismissal by ALJ Carol in Fox Foelak.
_______________________________________________________________________
Stock_Barber - post # 175565
WHY POTENTIAL SHAREHOLDERS NEED TO AVOID DBMM
THE REAL FACTS:
- DBMM was suspended for failure to file for 2 years and is trading on the grey "Expert" (non-public) market with a skull and crossbones!
- It is facing a hearing for complete REVOCATION shortly!
- No stock has ever avoided revocation after being suspended for failing to file... even if they catch up on filings!
- Read the below passage from the SEC on 10/23/19, DBMM is not long for this world:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152141115
Last sentence “DBMM not long for this world.”
Ignorance is rampant . So desparate are paid bashers they display their lack of knowledge about regulations and financial statement.
As the Company has corrected previously. Country filings are not even included in US-SEC filings as different criteria and irrelevant.
Liars don’t care, maybe get extra $ for pretend gotchas ?
The Company 10-K are audited moron. Stylar has 8 employees.
Fraud is not acceptable. Bashers “knowledgeable?” Self-proclaimed expert? That is all bashers are.
Not knowledgeable. Just willing to post 20,000 negative posts that are archived. Hardly out of good will. No one believes that. No one . No one posts day in day out 20,000 times over years and brings in recruits.
Not knowledgeable. Just paid bashing to support short sellers, bad actors and self serving for personal gain.
Bashers are non-shareholders mainly, or 1 share types to not have to use any of their ill gotten gains to buy shares. They are paid to bash them.
Shareholders aren’t support.
Hahahaha
So bloody pathetic . The fictional tale of you and alter-ego Idiot Mayor in Belize.
Self-aggrandizement of the obvious . I am important look at me 🤡. Hahahaha
Shareholders know and so do others. Watch.
Basher today, pretend to support yesterday. Shareholders are not stupid, but deliberately putting your attempts to manipulate in writing is rank stupidity. No wonder you guys live on OTC— no proper exchange will have you.
Supporters not selling, manipulators doing 10,000 trades—A volume of 75,000 shares? Moronic rants by chicken littles!
All chickens come home to roost. All bashers predictions fail in 10 wins and will again. Patience as the Company will prevail.
More of your total crap. People who own shares and support those shares because they have done their own due diligence are not pumpers. A pejorative word intended to defame. Bashers are man-children who if don’t like a company, move on. Full stop.
Bashers lie or extract with key words or context missing or refuse to accept corrections as required in defamation laws. All bashers intend to do is depress pps and damage company for their ill gotten gains— for years.
One Basher has almost 20,000 individual posts slamming the Company for his job complete with cartoons, name calling and deflection. His comments are false statements, one after another , paid for by market manipulators.
Total crap, ignorance has been outed. Company step by step has returned for its shareholders and now with return to normal trading and normal business, all impediments gone, will grow the business and get rid of the liars and supporters of manipulators.
Perfect example of incessant lies despite being corrected. That is defamation.
In Dec 2017, two wks after issuance, the order was remanded by the US Supreme Court with admonition cannot be cited as has no legal basis.
The revocation guarantee by bashers cited thereafter for years and Barber post was Nov 6, 2019 was 6 days before Dismissal.
Shareholders have seen these constant lies and false statements which are archived and evidence of liars and frauds begging for shares to line their pockets. For on liars. Shareholders do their own due diligence.
Ho Ho Ho as DBMM wins and prevails.
For years tell everyone how right you are ,but never are. Your nasty innuendos threaten, but shareholders have long memories , remember “Nov 6 2019 DBMM not long for this world.” Then 6 days later ALJ Dismissal. Wrong again Dude.
Shareholders know your crap is just that.
_______________________________________________________________________
Stock_Barber - post # 175565
WHY POTENTIAL SHAREHOLDERS NEED TO AVOID DBMM
THE REAL FACTS:
- DBMM was suspended for failure to file for 2 years and is trading on the grey "Expert" (non-public) market with a skull and crossbones!
- It is facing a hearing for complete REVOCATION shortly!
- No stock has ever avoided revocation after being suspended for failing to file... even if they catch up on filings!
- Read the below passage from the SEC on 10/23/19, DBMM is not long for this world:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152141115
Last sentence “DBMM not long for this world.”
Why are you guys just a mass (mess) of projections? Many stick around with double monikers —insult and chicken little scenarios.
I am a real supportive shareholder who talks to other supportive shareholders , trying to infer otherwise is embarrassing for an adult Grown Ups support or move on.
Give it a try .
Liars thy names match intent of monikers like idiot or barber. What person spends time on a chat board day in, day out name calling and spewing lies about nonsense. Longs know company will deliver just like the 10 wins, Nevers said would never happen.
The shorts are terrified of what is coming. The same people who guaranteed revocation, or ce not being removed . They must scare shares loose. Misogynists all crying chicken little. Got a mirror handy.
Got Fake asks, 10K trades ,vitriolic manipulation and pattern of behavior. Few fully reporting companies on OTC , DBMM won out over all mitigating circumstances to be back to normal trading and normal business . LTIs want Company on NASDAQ . Return to normal business is being executed. Ignore the blathering .
Notice the desperation in begging longs to sell. Otherwise how will they cover?
But Stupidity abounds . Will say anything to get people to sell and depress pps. None of it accurate. Read Update.
Pay attention to LTIs, cashflow support from cure starting in 2017 , they are a cocoon as to future .
Projection , Dude. Frauds on display.
Glad Company is tracking bashers , short sellers, bad actors and the trades which are trackable.
The pps manipulation to depress is a pattern of behavior , many on 10K trades . All obvious all traceable every day.
The chicken littles will all come home and be roasted. Hahaha loser Stay tuned.
Throughout the 10 wins you ranted your negative speculation no matter how many times corrected, and haven’t learned yet. Never was fast enough, denying it when it happened. All archived.
Methinks that you stand too close to the compost pile. Check it out.
Take the time to learn to read a Financial Statements. Watch and learn. DBMM is on its way and you can’t do a thing to stop it.
My shareholders pals are happy . They see the path.
This one you ask? How lame to post for at least 100+ times as reeks of desperation.
The one REMANDED , e.g CANCELED BY SCOTUS in December 2017 . FYI- legally does not exist. But you know that.
Shareholders don’t believe you have any game, just a stutter. Haha haha
Shareholders do their due diligence and understand financial statements and securities regulations. They know DBMM has delivered 10 wins proving the NEVERS wrong every time. They continue the pattern. Read the Update. IMO big wins on the way— just like the Company said during the 10 already. Remember those saying revocation assured “DBMM not long for this world.” see below
Continuing lack of understanding displayed by really ignorant statements like DBMM hasn’t filed 8-Ks for contracts. You have no understanding of 8-K requirements—the Company does .
There is no requirement for an 8-K when a fully reporting company filing 10-Q’s and 10-Ks , aggregates , many even under an NDA, but most importantly s question materiality.
Imagine the absurdity of public companies filing an 8-K for every commercial contract executed? Perfect example of you knowing nothing about running or reporting on a public company. Bashers just bash.
The Company knows exactly what it is doing. Scared short sellers and liars are ignored. All your crap is archived and accessible.
Shareholders hold long and strong.
_________________________________________________
Stock_Barber - post # 175565
WHY POTENTIAL SHAREHOLDERS NEED TO AVOID DBMM
THE REAL FACTS:
- DBMM was suspended for failure to file for 2 years and is trading on the grey "Expert" (non-public) market with a skull and crossbones!
- It is facing a hearing for complete REVOCATION shortly!
- No stock has ever avoided revocation after being suspended for failing to file... even if they catch up on filings!
- Read the below passage from the SEC on 10/23/19, DBMM is not long for this world:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152141115
Last sentence “DBMM not long for this world.”
Once again, knowing how to read a Financial Statement is essential.
A fixation on point in time metrics without context is bad data and no analysis. Conclusion blatantly not supported —yet again.
Revenues have increased each quarter and annually in the aggregate. As a previous poster pointed out. The client base is not fixed so it does NOT mean everything is the same. The % is a function of revenue. DUH.
Wrong once again . Anothet ridiculous attempt at “gotchas” which are wrong,
DBMM will prevail, read the Update.
This is a load of crap. No credibility when bashers swear they’re honesty and good intentions while spending all day on a chatroom with one non-shareholder generating close to 20,000 negative posts of nonsense. Yup that is SB money generating gig. No question. And none ever right. Another basher at over 8800 posts . Neither are they shareholders (1 share doesn’t count) as they have proudly proclaimed. With name calling misogyny. Get over telling me you know better. Total crap. Hahaha
Shareholders are welcomed to this chatroom, significant shareholders like me and many, many other supporters. I am not a Company Officer as I have corrected you and other misogynistic name callers many times . I do due diligence and am very pleased with DBMM and the future. I am very , very pleased with LTIs and the creative cashflow financing following Silicon Valley early stage small companies.
Digital Clarity was acquired to be the leader and flagship of the brand, after the mitigating circumstances were successfully cast aside and won, DC is leading the charge.
Conversely , 1 share or minimal shares, are non-shareholders and post incessant false statements, threats to scare others, clutter this board as they are wrong every time.That is why they and their multiple monikers like yours, are called NEVERS.
DBMM has 10 wins and 0 from NEVERS. Yet everyone else is called names and stupid and you know. In the mirror, projection abounds.
DBMM prevails strong together with shareholders.
Shareholders are welcomed to this chatroom, significant shareholders like me and many, many other supporters. I am not a Company Officer as I have corrected you and other misogynistic name callers many times . I do due diligence and am very pleased with DBMM and the future. I am very , very pleased with LTIs and the creative cashflow financing following Silicon Valley early stage small companies.
Digital Clarity was acquired to be the leader and flagship of the brand, after the mitigating circumstances were successfully cast aside and won, DC is leading the charge.
Conversely , 1 share or minimal shares, are non-shareholders and post incessant false statements, threats to scare others, clutter this board as they are wrong every time.That is why they and their multiple monikers like yours, are called NEVERS.
DBMM has 10 wins and 0 from NEVERS. Yet everyone else is called names and stupid and you know. In the mirror, projection abounds.
DBMM prevails strong together with shareholders.
Shareholders know NOT to pay any attention to basher’s numbers as they are always wrong.
No exception here, Chicken Little squacking all over his farmyard!
Supporters will benefit as it is no holds barred and the blueprint is in place. 10-Q next to prove it. Update clear.
Learn to read a financial statement as Stupidity abounds .
Back to compost pile.
Continuing to speculate about the future when you have been wrong every time and 8,000 posts later is damaging to the Company. More likely a share buyback is likely, particularly with LTI support. Cash buys back shares, shares retired to Treasury. Easy peezy.
So suggest cease and desist with blatant lies to satisfy employers, short sellers and manipulators in general. Watch Level 2 for fake, manipulative trades.
Wrong every time NEVERS.
No reverse split. Just increased revenues , growth organically and with partners and acquisitions along with aged debt removal every quarter.
Longs know there are no more hurdles getting in the way of monetizing the acquisition of DC as the flagship. More to come.
Evidence of Amazon operating at a loss last quarter.
Another example of the net loss point in time which has value because of the many components. Is not a liability and no one cares
Berkshire Hathaway as recently as last quarter…”BH reported a loss of $12.8 billion in the 3Q vs: $2.8 billion in same quarter last year.”
https://www.arkansasonline.com/news/2022/apr/30/amazon-reports-loss-in-1st-quarter/
$DBMM
Semantic nonsense. No one is delusional enough to believe 19,000 negative posts are for free. Critic with cartoons and false statements who passes the relay to the basher brigade. Hahaha.
Repeat: No one is paid to support the Company . Projection dude. People buy shares because they have done their due diligence and like DBMM. I know I do.
Your self-proclaimed one share is motivation to bash 24/7/365. Expertise. Not hardly. Disclosure is required if a paid IR person. Full stop. Company has supporters. Makes you crazy ?? not shaking shares loose?? better get over it. Hahahaha
After those 19,000 negative posts from you, the reality remains that basher fraud is obvious and always has been.
Reality is making it up as you go along and no matter how many false statements , DBMM has prevailed and each quarter will continue to be better than the previous.
LTIs are here to get the Company to NASDAQ through organic growth, strategic partnerships and acquisition targets, one step at a time.
The 24/7/365 gig is up, naysayers outed. DBMM and its shareholders long and strong. Win #11 and #12 in the pipeline.
FACTS:
No shareholder is paid to provide support for the Company. Stop lying. Furthermore, if shares were provided for services, the Company must disclose and file accordingly. Real Shareholders are sick of your crap and loudly calling out lies which have been corrected by the Company many, many times.
The Company has never paid a shareholder for IR . On record, over a decade ago, for those who do due diligence, the Company hired an external IR person who was paid in cash and was not a shareholder. That was unsatisfactory and the Company chose not to repeat that approach
Repeat:
Anyone compensated by a public company to promote stock must disclose. There is no one who is being paid to promote the stock . If reports are prepared by entities the Company has paid for services in cash, never shares. The report would publicly so state when published.
Shareholders who have done their due diligence and support the Company see the potential going forward and post accordingly.
Bashers have been corrected and to continue the lie intending to damage the Company and depress the pps is defamation.
Shareholders find incessant bad information and lack of civility only for self-serving results tedious. Shareholders continue to advise each person to do their own due diligence.
Shareholders have stated they walk away from issuances they no longer support. That is professional and adult.
But Bashers are tedious and self-serving. Instead the basher team 24/7/365 always trucks in relief team to augment the daily bench who wrote 45,000 negative false statements.
There is a reason short sellers, bad actors, paid bashers and manipulators in general have no forum on proper trading exchanges.
Rat-a-tat incessant slamming post after post with false statements to try and depress pps and allow short sellers to enrich themselves. What a way to make a buck!
Called out your comments are laughable. HahahHa Manipulated trading is traceable. So is defamation.
NYTimes: Supreme Court Seems Wary of In-House S.E.C. Tribunals
In case you hadn’t seen.
This could stop SEC Administrative Proceedings and go back to Federal Court and jury trials. The overreach at the SEC is the case in SCOTUS, a hedge fund manager.
https://www.nytimes.com/2023/11/29/us/supreme-court-sec-tribunals.html?smid=nytcore-ios-share&referringSource=articleShare
Supreme Court Seems Wary of In-House S.E.C. Tribunals
$DBMM
The omissions of bashers is extraordinary in that the Company’s intent since the acquisition of Digital Clarity was to grow.
Forgot to mention that the Company had a Reaudit mandate through no fault of its own, and it caused a litigation with Asher and hundreds and hundreds of thousands of dollars were spent which put the growth plans into neutral?
See below to remind you that your 8,000+ negative posts , made you a NEVER. Your speculation has always been wrong, yet you then say judges, lawyers, credentialed experts were stupid, but you know.
Reminder of facts:
1 . Acquisition completed 2012
2. Reaudit (3yrs) required through no fault of DBMM Nov 15,2013.
3. Asher litigation Feb 2014
4.Company completed Reaudit and filed all Amended K’s and Q’s (see EdGAR) seamlessly and chronologically in mid- Sept 2014.
5. Cost of Reaudit $157,300.
6.Mitigating circumstances caused delayed filings starting with 10-K 2015
7. Administrative Proceeding for delayed filings May 16,2017
8. New LTIs cashflow financing Oct 2017 starting with Cure
9. Delayed Filings cured May 31, 2018
10. Settlement with Asher at 50% discount.Their CDs canceled. June 18, 2018.
Enforcement overreach article in NYT Business Section today re SCOTUS case . Posting it separately. Read and learn.
The Net Loss section of the Update explains it to be a much overstated number as stated. Once CDs are settled, one by one, the DLs and a large majority of the Interest is canceled. The Net Loss is meaningless for DBMM as since 2016 , CDs have not and will not be executed . The share price volatility determinant is, therefore, moot. Is a point in time data point .
The Update , Net Loss, directs shareholders to Pg 26 of the 10-K entitled “Non-GAAP Financial Measures” includes an EBITDA table using Net Loss as a line item.
“Change in fair value of derivative liabilities.” That calculation is derived by the volatility of pps.
So reading Pg 26 EDIDA, On F-8, in conjunction with Derivative Liabilities description (ASC 815) and on F-9 Fair Value of Financial Instruments description , as to why share price volatility impacts the Net Loss.
The descriptors all contain accounting regulations citations as documentation. That is real due diligence.
Another example of lack of basic facts in due diligence and inability to understand financial statements and reporting requirements.
-2023 fiscal year over, so Company already in fiscal year 2024 DUH!
-DBMM CE not removed until Dec 20, 2022, therefore, no discussions on Uplist with OTCM until Jan 2023.
- OTCM instructing DBMM
-Gotcha moments never connect as your facts are always wrong.
Shareholders do their own due diligence and know.
Idiot such an obvious fraud. Shareholders know. In 5 minutes startto bash by out of context and omitting key data. So noted.
Repeat: Note the omission of key info immediately. Gross Profit decreased because cost of sales increasing as return to normal business and revenues increased by 37%.
Company has delivered Update bashers are being followed. Defamation is documented.
All shareholders know
SHAREHOLDER UPDATE — NOVEMBER 29, 2023
DBMM 10-K UPDATE OF 2023 FISCAL YEAR
Digital Brand Media & Marketing Group, Inc. (“The Company” and “DBMM”), and its brand, Digital Clarity (“DC”) filed its 10-K with the Securities & Exchange Commission via EDGAR today and, as part of best practice adopted by the company, have coincidently issued this update providing facts, data and information all in context, to put all stakeholders on the same page. Public audited reports are the best source of accurate metrics.
It is important to point out that the Company returned to normal business on June 2, 2023, the 4th and last quarter of the 2023 fiscal year. The 2023 year has been full of progress with certain reported events which finally saw all mitigating circumstances positively concluded, step-by-step.
In order to focus on the facts in a transparent, pragmatic, and integrated way, the company has distilled the 10-K and broken the update into digestible chunks to allow shareholders to read, and save for future reference and comparison, as the Company grows and metrics continue to increase quarter-to-quarter.
Following a period marked by both unprecedented challenges and notable achievements, the Company encourages all investors, shareholders, and stakeholders to read the 10-K and reflect on the journey that a small company like DBMM has been on, and how far it has come. 2023 had many challenges, and the global landscape has evolved significantly, with the lingering effects of the COVID-19 pandemic, geopolitical tensions, and economic uncertainties casting a long shadow over businesses worldwide. The Shareholder Update will chronologically address the major events, a breakdown of the financials, and a forward-looking operational 2024 with no regulatory overhang. Going forward, all resources in time and money will concentrate on growth and sustainability as the Company has finally returned to normal business, albeit only in the 4thQ, so progress both organically, and by strategic partnerships and target acquisition(s) is already underway in fiscal year 2024.
During the fiscal year 2023, the labor-intensive process concluded successfully, step-by-step as described below during which the Company received kudos from the regulators for its input as each clearance took place.
FINRA Clearance
Following a sponsor’s Form 211 submission, FINRA clearance under Reg 6432 and SEA Rule 15c211 took place on October 26, 2022.(1Q23)
FINRA Market Maker Approval
October 26, 2022, was also the date that Glendale Securities, Inc., the Company’s sponsor, and applicant to FINRA was designated DBMM’s, Market Maker. (1Q23)
Removal of the Caveat Emptor (CE)
Following the Initial Dismissal on November 12, 2019, by ALJ Carol Fox Foelak, the Dismissal remained the Standing Order until the Final Order on June 2, 2023. The credentialed experts agreed along the way that the removal of the Caveat Emptor from DBMM on its OTC Markets website was the next step following FINRA Clearance and approval of a market maker. Following OTCM instructions explicitly and implicitly, the Company requested the removal of the CE by OTCM. Building on extensive due diligence by the sponsoring broker, FINRA analysis and clearance, and OTCM additional analysis against their criteria. Finally, the Company was approved to return to normal trading with all restrictions lifted and the US Market open to all on December 20, 2023. (2Q23)
SEC Final Order of Dismissal
On Friday, June 2, 2023, the SEC issued an Order entitled “Order Dismissing Proceedings” as Release No. 4413, advising 42 companies that their pending Administrative Proceedings had been Dismissed. After concluding that the enforcement staff had improper access to materials meant for the commission officials ruling on those cases, all cases affected were Dismissed “to preserve the Commission’s resources.” The action affected 42 companies, including DBMM. (4Q23)
OTCQB Uplist
As included in several earlier Updates, once the CE was removed, the Company followed instructions from OTCM to Uplist to OTCQB, and that would take place after fulfilling the criteria required. That remains the Company’s strategy with guidance and oversight by OTCM. Not unexpectedly, the onslaught of short sellers and market manipulators, a campaign of pps depression was obvious and documented. However, after certain events in process are executed, as the Company is already in 2Q24, the Uplist criteria will be completed. OTCM has been very collaborative and helpful as they are the decision-makers.
OPERATIONS MD&A
The Company encourages its shareholders to read through the industry environment text which has been revised extensively to reflect the post-pandemic environment. The digital marketing evolution is dramatic and the 10-K is clear how DBMM and DC can exploit it. Our blueprint being executed is illustrative of our competitive advantage and growth anticipated, both organic and by strategic partnerships and target acquisitions.
Though not always visible, DBMM’s commitment to strategic risk management and diversification has allowed us to navigate turbulent waters, whilst addressing potential impacts on our operations. Just before and during the pandemic, DBMM’s operating business, Digital Clarity through its analysis of data and social sentiment, saw the consumer landscape change and become increasingly price-sensitive, leading to challenges in the business-to-consumer (B2C) marketing space. As consumers tighten their belts, the company adapted its marketing strategy in late 2019, and early 2020 and explored innovative ways to leverage it experience in B2B. Digital Clarity analyzed market data and found that there was a large market segment that was very badly served by the Digital marketing sector and in particular lacked a level of planning, strategy, and general, good advice when it came to sales growth and brand positioning.
Reggie James, the Founder and Managing Director of Digital Clarity and the Chief Operating Officer of DBMM, said, “Conversely, the business-to-business (B2B) sector continues to show promising growth. The need for digital acceleration, driven by the changing nature of work and increased reliance on technology, has created opportunities for our B2B offerings. Our investment in digital solutions has positioned us to meet the evolving needs of businesses seeking to enhance their operational efficiency and digital capabilities. B2B is undergoing a renaissance as business models, innovation drivers, and buyers evolve dramatically from decades prior. Now some of the most profitable companies across the globe are B2B companies.”
James went on, “The demand for sophisticated, management consulting in a brand’s marketing is set to see continued growth. With this in mind, we recently hired a business development executive as mentioned in September 2023, The Update allows us to build on the marketing consulting services segment that is forecast to increase by $41.56 billion between now and 2027 with North America estimated to contribute 36% to the growth. DC intends to seek and capture clients in that emerging market. It is happening. That trend corresponds to the brand’s growth in the US with negotiations building on existing relationships that represent substantial new client(s). Data from research company Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. With the development of new research companies and the availability of various databases and business analytics tools, this North American region is a major contributor to the global marketing consulting market. Due to digitalization, various businesses and organizations in this region are adopting SaaS solutions, an area Digital Clarity understands and continues to grow.”
Strong Outlook
2024 will be part of the ongoing process of returning to normal business, it is important for all shareholders to understand that the Final Order of Dismissal was only ordered on June 2, 2023, given the challenges before and the early signs of growth since this is quite an accomplishment and bodes well for the future.
2024 will also see focused activity in professional staff and outreach activity all increasing the Company’s bottom line. 2024 is the beginning of our strategic approach to sustainable growth.
FINANCIAL STATEMENTS MD&A
Revenues
As has been the case quarter-to-quarter, DC remains cashflow positive as exhibited by Gross Profit and increased revenues in 2023 by 37%. Each quarter has been better than the year previous as the metrics tell the story. Many existing and prospective clients have the Company under an NDA as they consider us a competitive advantage.
Shareholders will see that in the Operations Financial Statements on page F-3 and the Results of Operations table on page 25 of the 10-K, the cost of sales has risen, which in turn, has had a knock-on effect on the gross profit, even though revenues have increased by 37%.
Investing in the foundations of future growth is a strategic imperative. As mentioned previously, businesses are navigating a landscape that demands resilience, adaptability, and strategic foresight. Returning to normal trading conditions is not a mere reversion to pre-pandemic practices; rather, it presents an opportunity for businesses to fortify their foundations for sustainable growth. This necessitates a comprehensive strategy encompassing human capital, sophisticated processes, and cutting-edge technology.
To be a major player in the market and show shareholder returns, DBMM alongside its flagship brand Digital Clarity, will be investing in its human capital, process, and technology.
People investment plays a pivotal role in driving innovation and achieving organizational objectives. This investment involves training and upskilling employees to meet the evolving demands of the market. It is proven that Companies that prioritize the development of their workforce create a culture of continuous learning and adaptation, fostering an environment conducive to sustained growth.
Having a well-defined and sophisticated framework for processes is essential. This includes streamlining operational workflows, implementing efficient project management methodologies, and creating agile systems to respond to market dynamics.
In turn, this allows for effective lead generation, customer relationship management, and a customer-centric approach that sets businesses apart from their competitors.
This investment also extends to upgrading servers, laptops, and other essential technological components. Embracing automation and leveraging artificial intelligence internally can enhance operational efficiency, reduce costs, and position a company as an industry leader.
Now is not the time to hold back; it is the time to invest strategically and position for long-term success. Successful businesses recognize that investment is not a one-off event but a continuous commitment to improvement and innovation. DBMM is a forward-looking business, therefore, and contrary to a one-time endeavor, building the foundations for growth is an ongoing process.
Net Loss
While the Company positions itself for a return to normal business, it also continued to remove aged debt and liabilities, through negotiations, settlement agreements, and removal of liabilities through applications of accounting regulations. By way of clarification, the Net Loss line in the Financial Statements of a small public company is meaningless as it is often affected by derivative liabilities and share price volatility. DL’s are totally a function of convertible debentures which have not been executed since 2016. They will each be settled following strategy since 2020. As an aspect of Settlement Agreements, ancillary liabilities such as interest, are canceled on aged debt. The Management believes it is important to understand the impact as DBMM intends to eliminate all aged CDs which removes all derivative liabilities. A better measurement of the components is EBITDA as shown in Pg 26. Entitled “Non-GAAP Financial Measures”. Comparing filings as significant metrics are actualized, is a far better indicator than, a one-off, point in time, datapoint.
Derecognition of Liabilities under ASC 250
The Company had recognized $49,500 of accrued expenses as a general reserve for legal fees with no identifiable law firm or vendors in fiscal 2011. No law firms or similar vendors have made a claim regarding this accrual or other legal expenses since fiscal 2011, and accordingly, the Company believes that this accrued expense was recorded in error. The error resulted in an overstatement of accounts payable and accrued expenses as of August 31, 2022, and an accumulated deficit as of August 31, 2021. The liability has been removed and 2022 is restated accordingly.
Tax Carry Forward
The Company has a tax carry forward advantage of $ 6.4 million as revenues increase. That kind of assurance is advantageous when assessing strategic partnerships and acquisition targets.
MOVING FORWARD
In summary, 2023 has been an eventful year, most importantly removing regulatory overhang, and returning to normal trading and normal business, DBMM stands strong and looks forward to a very robust 2024. Our expertise in the marketing arena will allow us to capitalize on our competitive advantage by continuing to provide valuable insights and strategies to clients seeking to optimize their marketing efforts in a rapidly changing landscape. Providing decision-makers with invaluable market intelligence makes DC invaluable. The expected leverage we have initiated because of our relationships and access will have an exponential impact. The Company’s competitive advantage has been earned over the years, and the evolved business model honed as the industry has developed and allows influence with BOD decision makers. That access is further reinforced by the Long-Term investors’ support through cashflow financing. The result is growth and sustainability with clients who value Return on Investment as a long-term proposition.
Finally, DBMM’s resilience, strategic foresight, and commitment to innovation have allowed us to emerge stronger in fiscal year 2024. We remain dedicated to delivering value to our shareholders with new clients and significant increases in all metrics while navigating the evolving business landscape with agility and determination. The filings, quarter by quarter, will document the growth in real-time. Organic growth, strategic partnerships and acquisition targets are already taking place in fiscal year 2024.
The Company would like to emphasize that this 10-K is an important filing for a variety of reasons as it represents the foundation for future growth and sustainability while improving quarter to quarter. The officers thank all shareholders, long and new, for their unwavering support. It is the intention of the company to reward this loyalty with significant shareholder value as DBMM moves forward, as it already is making an impact and progress in fiscal year 2024.
Linda Perry and Reggie James
DBMM Management
SAFE HARBOR PROVISIONS:
The foregoing contains certain predictive statements that relate to future events or future business and financial performance. Such statements can only be predictions, and the actual events or results may differ from those discussed due to, among other things, those risks described in DBMM’s reports filed with the SEC. Opinions expressed herein are subject to change without notice. This document is published solely for information purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities in any state. Past performance does not guarantee future performance. Additional information is available upon request.
https://www.dbmmgroup.com/shareholder-update-november-29-2023/
Pathetic whiners? all to distract as they are just redundant. Also stupidity to always be wrong! DBMM doesn’t need extension IMO.
Did you ever wonder why bashers are not allowed on real Exchanges?
Shareholders see your name calling and refusal to prove all of your fallacious, misstatements (by pretending ) to acknowledge facts corrections which are documented.
Now your multiple moniker relay bashers pick up who equally have no credibility. Lightweights all .
Total unequivocal nonsense.
No one cares about a continuous string of ‘gotchas ‘ which never are!
The Company meets portfolio requirements as agreed with OTCM. Nothing has changed, company updates after actions approved, through its filings. Certainly don’t need bottom feeders looking to take shots where there are/ were no shots to take.
Yet clutter up with usual nonsense. Another nothing burger.
At 6:10 AM Bashers earning their paid bonuses for false information in order to try and shake shares loose in advance of 10-K.
As has been stated in several Updates and PR’s , the Company is following instructions in an ongoing dialogue with OTCM. That has been taking place since Amendments to the 15c2-11 put in place on Sept 28, 2021. The Company’s wins have also been memorialized following each step by step. More wins to follow.
The relentless attempt by short sellers, bad actors , paid bashers and multiple idiots in general ,is also archived . Out of context false inferences and false speculation is the bashers tools of the trade.
Shareholders know.
Shareholders are really tired of old, superseded info with bad data that excludes what actually happened.
As usual omitting key facts like;
Principal -$75 k
Judgment- $122 , 801.87 in July 2015
You made no calculation for interest through settlement payment. The $65K in June 2018 and $25K in Feb 2016 resulted in ….
The Settlement was less than 50% of total due and clearly to the benefit of DBMM .
Nevers numbers always wrong, always inaccurate . Bashers make it up along the way.
Shareholders and Company long and strong.
Over and over again, false statements from you . Only posted a remanded order from the Supreme Court “twice” you say? A blatant, unequivocal lie.
It is defamation as you have been corrected, but you need to try and scare.
SB only poster to continuously post the same remanded order which was annulled, set aside and ordered by the US Supreme Court to not cite in any future action as it has no legal standing.
Shareholders know. Feel free to check the 19,000 negative posts , remanded in Dec 2017.
More crap from one who is not allowed on any exchanges, only the OTC platform to manipulate . Exchanges do not allow bashing. Full stop. Ignore the nonsense and false statements and inferences. Read Updates, filings and public information- not speculation from bad actors, short sellers and paid bashers. All self-proclaiming their expertise. Hahahaha
Early earnings reports are for NTSE or minimally, but not usually NASDAQ, companies.
For portfolio investors and proper investors, not short sellers, bashers et al, DBMM got its Final Order of Dismissal on June2, 2023, the last quarter of the 2023 fiscal year. The last hurdle reached, PRs and Updates follow.
How truly absurd to use false statements to infer a digital company directing growth would be posting a earnings report. Do you know nothing about the digital industry? Of course you don’t since you do not know how to read a Financial Statement.
Happy Thanksgiving holiday weekend shareholders, Idiot just blathering again. DBMM has LTIs growing the Company with support not toxicity with the lightweights.
Long shareholders, LTIs and DBMM through its operating subsidiary Digital Clarity is on its way to Growth and Sustainability. We all will win . Ignore the white noise . Whiners never win.
Shareholders have ignored the bashers who pass the relay in desperation 24/7/365. Do you realize how obvious this tactic is?
The obvious need to satisfy the perennial need to depress pps ? Shareholders do their due diligence and know companies never file 10-Ks early. Such made up crap is so out of the Basher’s Handbook.
Your Archive of false information is available for all to read. Like a hamster on a wheel, same old NEVERS whiney whiney. Wrong, wrong and wrong. Every time.
Shareholders do their own due diligence and support DBMM after winning x10 with regulators and all hurdles , despite moronic, no fact bashing. We support.
Better question, what is a naysayer, a basher, trashing DBMM on a Friday night on a holiday weekend. What is your motivation, adults walk away, not spend time trying to scare shares loose? Why? Short seller, paid basher, front for bad actors, what are you?
DBMM ready to launch. You and your cannot stop it.
Shareholders have noticed how bashers whine and make one false statement after another, in total desperation on weekends and holidays to tell you how smart they are and the usual depressing attempts to depress the pps
Idiot is so well monikered isn’t he?
Real shareholders read Updates , PR’s and Filings and know that the Company has taken their instructions from OTCM and has stated each step of the way . Those instructions required meeting criteria stated.
Trolls immediately needed to intensify their campaign to push pps below $0.01 . This has been noted , so bad actors, short sellers, paid bashers and their minions continue false statements, posting false superseded events as if accurate and omitting key information.
All new and long shareholders are aware of the nonsense. Supporters also are savvy and know how to read financial statements.