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Ok thank you for your professional opinion sir.
You know Swagger said, "I just wait for a bag of money to appear in the corner and go pick it up".
I am in agreement with you. The absolute only reason I am here is risk vs reward. It has only gotten better in my opinion.
Once you look into this a bit, eventhough DBMM is nothing but a shell, it has the earmarks of a promotional unicorn. Low liquidity, high interest and huge looming catylist. Has the potential to bust out of the gates like your racing analogy, but this one ain't going to care who the jock is. Could very easily be another Dryships. I scalped that one up and down, made a years worth in 30 days.
Hard to predict because of a lot of factors in this one. Not the least of which being lack of accurate information. Everyone keeps falling back on the financials. Come on. Accounting firms get paid to doctor them, not legitimize. Other issue, this is a unicorn. There undoubtedly has been others with a similar scenario here, they just never fought it. So no previous records to really attach a decision.
The odds of this not being dismissed are very slim. The fact that it has terrible liquidity is going to force it up fast. I would not be surprised to see this push up to or even past .5 on a spike. But I would be surprised if it held anything over .1 for long. Who knows. Because its cash cow is private they could easily through out some news on a pump and see dollars. IMO
Honestly I caught the pump in DBMM just before they got in trouble. It's the only reason I am here. When this went down I had never messed with grey's as there is really little reward. But I bought a little to remind myself about checking in on the process. After studying the case a little and page through Love Pink's DD, curiosity turned to possible play, so I bought more. Definitely didn't cost much to be in the game. So far very interesting. Best of luck to you!
If it was only possible to do that.
I can't tell you how many times down here in OTC I have followed companies and principles to Wyoming or Bahamas or wherever only to have it lead to China or the like. Then find out whatever holding company it is, not only is tied to what I am tracking but several other "finance or promotion" companies as well. Ultimately the listing for the office is either empty or moved. Yet this all still flows right though a 10k and the SEC like water. Only people who get trapped down here either fall in love or think someone loves them and is looking out.
Not so much.
In these markets you are far better to follow the probability of money. Because if you wait till money is there it is too late...
Yes in small quantities. Not going to blow smoke here as I have been buying before and after the fiasco. Largest matches were done directly. Not putting up a buy order and hoping. Simply is not going to occur on expert market.
You couldn't buy 10m shares if you wanted to. It took me quite a while to accumulate a lot more than that prior to the pump.
It's locked because a market can't be made due to lack of sell interest. Which I believe is being purposely done. Key disadvantages to OTC markets.
Not true. Price won't show you interest necessarily. Lack of sellers certainly can though...
While I obviously would love for this guess to be right, from my experience, that would be giving the SEC far to much credit.
Most fear in dealing with the SEC is not fines or financials. It is getting caught in the machine...
Have a couple screen shots but not sure of a link. It's on one of the laptops.
Saw a group pic an associate got from a dinner party where she sat at their table.
Nope probably not...
Check out her standard of living. Came from somewhere and supermodel she is not...
Agreed. Go back to the beginning of each of the principles careers. Trace associates, make a few phone calls, look outside what has been said in filings and definitely don't use IHUB as a source of DD. There is definitely a reason for saving DBMM.
Hahaha. That's because it is not a down grade, lol. It is just a different market suited for access to certain investor groups. OTC does not label it as anything other than that. But if someone wants to make up a position it is factually more of a lateral move.
Finally actual research. Very refreshing.
Lol 8 years. Ok
This is how your pay people. Must be why I get paid as a consultant as well...
On December 15, 2003 the Company issued 300,000 shares of common stock to a consultant. Such shares were valued at their market value on the date of issuance of $.30 per share. The Company recorded consulting expenses of $90,000. On October 1, 2003, in connection with the exercise of stock warrants, the Company issued 2,000,000 shares of common stock to consultants. Since the Company did not receive any cash for the exercise of these options, the Company reduced amounts due to the consultants by $600,000 based on the exercise price of the underlying stock options granted. On January 9, 2004, the Company issued 2,000,000 shares of common stock as settlement for accrued expenses of $119,000. The shares were valued at their market value on the date of issuance of $.30 per share or $600,000. The Company recorded the $481,000 in excess of the accrued expenses as consulting expenses. On January 26, 2004, the Company issued 100,000 shares of common stock as settlement for accrued expenses of $19,000. The shares were valued at their market value on the date of issuance of $.37 per share or $37,000. The Company recorded the $18,000 in excess of the accrued expenses as consulting expenses. On February 1, 2004, in connection with the exercise of stock options, the Company issued 1,500,000 shares of common stock to its President. Since the Company did not receive any cash for the exercise of these options, the Company reduced accrued salaries owed to the president by $15,000 based on the exercise price of the underlying stock options granted. In September 2004, the Company cancelled 300,000 shares of common stock to a consultant for non-performance. The Company reversed the original amount of consulting expense recorded of $90,000. In September 2004, the Company issued 2,000,000 shares of common stock to consultants. Such shares were valued at their market value on the date of issuance of $.03 per share. The Company recorded consulting expenses of $60,000. In October 2004, the Company issued 214,286 shares of common stock as a settlement for accrued expenses. Such shares were valued at their market value on the date of issuance of $.04 per share. The Company recorded an additional $8,500 for this settlement. In October 2004, the Company issued 214,286 shares of common stock to a consultant. Such shares were valued at their market value on the date of issuance of $.04 per share. The Company recorded consulting expenses of $8,500. In January 2005, the Company issued 13,400,000 shares of common stock to the Company's executive officers in exchange for forgiveness of debt. Such shares were valued at their market value on the date on the date of issuance of $.03 per share. The Company recorded a reduction of payables of $402,000. In January 2005, the Company issued 3,000,000 shares of common stock to consultants for settlement of accrued expense of $30,000. Such shares were valued at their market value on the date of issuance of $.02 per share or $60,000. The Company recorded the $30,000 in excess of the accrued expenses as non-cash compensation expense. In January 2005 the Company issued 2,450,000 shares of common stock for the exercise of warrants. The amount due for the exercise of $60,450 was used to reduce amounts due to the same individuals.
Lol. Yes they do not receive their living with DBMM. Soon all the shares that have been bought back will pay off though.
Wrong yet again. Adequate investigation will net you results. The information on what they own and all subsidiaries is available although a little more difficult considering the information is not all public and it is international.
Go ahead and check it out.
Where do you think it came from. If you want to know look up the several companies that they both are involved with. DBMM is the only public one.
Go ahead do a little research and check back in.
Accounting 101...
You do realize they get paid through another non-public company correct?
Principles at Digital Clarity. The non-public subsidiary of DBMM.
Best wishes in your endeavors. You do know thought you need not investment in just one asset class?
I am thinking you've do the math on everyone that picked up share at .0001. Already a tidy profit. Highly doubt many are going to be selling just yet ...
Obviously related as the original paperwork was stayed and subsequently dismissed. DBMM was never revoked. Per OTC marketplace guidelines it was down listed due to unfiled financials. Admittedly leaving everything in limbo. The reason it has been upgraded to the new Expert Market is due to the demand from broker/ dealers. This move makes it more accessible. In order to be moved to Expert Market DBMM has MM interest.
I will give that all of this hinges on the final decision of the commission and there is a possibility that the process could drag out further which could have an impact on interest in DBMM.
Even a novice will recognize there is considerable risk here but the attention is due to ratio of risk/reward. It went up dramatically with the decision to dismiss. There is more than an adequate amount of investors willing to risk 5 or 10k for a 10 or more times reward. Just the facts, it is why I am here.
I certainly do "understand". "No DD supports" the previous statements as I see the avoidance of posting any.
I don't blame anyone for not reading through volumes of SEC documents to formulate a factual understanding of the processes and previous outcomes.
However it is unneeded, considering there is adequate supporting information in the timeline of events.
DBMM faced revocation, they responded, SEC outlined it's demands, DBMM met those, all factors regarding mitigating circumstances were reviewed and decision was handed down. During the entire process it was declared "never going to happen" on a daily basis. As of today never has continuously happened...
Now in the final stretch DBMM is waiting for a decision on petition to review which notably can contain several avenues to end or prolong the process.
The most important fact in the popularly quoted bits and peices of the regulation regarding review process is very simply one word. The commission needs to reach a "MAJORITY" on any decision to prolong, otherwise the previous order stays in affect.
Will be interesting to see if "never" happens again....
Ok so the DD consists of a lightning analogy???
Well done...
Please show supporting DD of your statement.
It seems very inaccurate considering it is no longer in the grey market. This means from the grey's it had enough interest MM's were willing to make a market for DBMM. Hence the move to Expert Market....
This statement is incomplete.
"THOUSANDS of companies manage to follow the SEC regs and file regularly, every quarter."
Facts are, THOUSANDS of companies do not manage to follow the SEC regs and file regularly, every quarter as well.
Some do see the same repercussions as DBMM. But none have fought them because most have no reason to continue. DBMM fought because there are extenuating circumstances surrounding this case. Which it appears has some merit otherwise a dismal would not have been handed down.
Hardly a comprehensive statement. Please provide factual information regarding the SEC informing you privately of this definitive decision.
Or possibly negative-DBOOOOOOM chant would serve better?
Yes. Most are unaware many companies start on grey market in the beginning of the publicly traded corporate journey. It's not for revocation. OTC marketplace created the expert market to facilitate this process and make it more accessible to broker dealers.
Provably false statement. Otherwise show me another scam that has worked this hard with the SEC to rectify both errors within and outside of their control.
Oh and please ad your sources for verification.
Will be waiting on your supporting DD.
Expert market was created for just this reason. To give a more direct route to up listing to Pink Sheets.
This quote is a misunderstanding of what a publicly traded company is.
"People can read their LONG history as a scam, all their forward looking fabrications, and easily come to the obvious conclusion that DBMM is a share selling scam... "
By this definition all traded companies are share selling scams. Every company sell shares for one reason, raise capital. Some of these companies have both private and public companies within the same corporate group. This is why many publicly traded corporations are "shells" for the privately held subsidiary. Not all companies are like this as many can stand on their own. But this is what they mean by different asset classes. It is also where risk/reward comes in. But regardless of your risk tolerance, publicly held companies allow an investor that only has a small percentage of what it takes to own the company an opportunity to share in the rewards should it be successful.
DBMM is no different. It simply has a much higher risk/reward index. They are better than some and worse than others. Digital Clarity (privately held subsidiary) has some potential but is highly speculative. I have no doubt capital is scarce. But after the recent run up in DBMM due to this decision I can assure you management will be pulling out all stops to see that DBMM continues to move upward in the OTC marketplace. The newly created expert market was just the first step in this. FYI, for them to be on the expert market there already has to be MM interest in making a market for DBMM.
So yes DBMM is highly speculative and could absolutely fail. But some major hurdles have been cleared which definitely increases the risk/reward ratio. Scam it certainly is not otherwise they would have accepted revocation without a fight like all others.
It's like playing the lottery, your never going to win if you don't buy a ticket.
The timestamp is a more accurate assessment of when they are actually working the file. Receivership and timestamp do not coincide with each other often. At least that's what I was told in the past. SEC timestamp is close because they are working the case at the time.
Without a doubt SEC is not looking out for small investor interest, never have.
Really, just call and save the misunderstanding regs and assumptions. They answer the phone and will answer intelligent questions. Obviously asking if DBMM will be revoked may get an unsatisfactory response...
Really??? You do know grey and expert is where many companies come before being listed correct?
Expert Market was launched by OTC to give more availability and structure to broker-dealers for these types of assets. Many Bitcoin trusts, crypto related vehicles, various other start ups "waiting regulatory decision" type stock, ETF's, etc.
Again please read up on the information.
My suggestion to all is reading EVERYTHING with a level of comprehension that is conducive to understanding the entire process.
Your right. Quoting bits and peices of CFR's, documents, transcripts, etc. that seem to support an argument is staggering.
I am pretty confident our legal system will use more than the first sentence or paragraph from a several hundred word regulatory process. There are several processes within the process. Not one, but many processes can be met or not which can require invoking other regulations within the first referenced regulation. It gets far more complicated than a simple one sentence qoute. I wonder if people understand the difference between a commission and a commissioner? This is going to be reviewed by a commission. They will need a majority regardless of what is determined and if the majority is not reached then the decision will likely stand.
This is why I suggested READING facts not commenyed opinions or peices of facts.
Understand this tiny bit of reality, anything can always happen. This is why it's called speculative markets. You win and lose here on probabilities. So if someone bothers to read CFR's then possibly it would behoove someone to read results of cases involving those CFR's and the outcome...
And finally the last couple years has been determining whether to revoke. What would be the purpose of the case otherwise? DBMM was moved to the grey's not because of revocation. But for not maintaining the OTC Pink Basic Disclosure Guidelines due to delinquent reporting.
This case is over. It was dismissed. DBMM has never been revoked.
Yes there are avenues still open for the dismissal to be thrown out which could result in another case being presented, but this case is over.