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THAT IS 100% FALSE. Disagree? Then back it up with facts not opinion please.
Wrong.This case is over. Even if a review was granted, there is no new material to be presented. The decision will be reviewed. Unless a grave error is found, facts as presented, will be accepted as accurate.
The rest of the comment makes no sense.
This statement is false. DBMM could be up listed to pink right now should a MM want to take it on. Thing is most likely one or more have already agreed to make a market for DBMM. They just will not act until the process is complete.
I agree and have stated this numerous times here but sorry for not stating it again. No DBMM was never actually revoked. But in case research you need to search revocation in order to find like proceedings.
I often forget different eyes are always viewing the comments and some my be unaware of all the facts. Thank you for adding the additional information.
I have read this and that has been some of the research backing the validity behind several of my posts. It is not that this is a unicorn here. Simply for myriad of reasons others have failed to challenge revocation. I think it is important to understand as well there is a little "office politics" playing out here as well. To anyone unfamiliar with these proceedings the push to review gives the impression of more substance. It has none. In fact, if you review the cases as I have said anyone will find there is nothing to suggest the ruling already handed down as a dismissal will be challenged in any way
This is actually factual information. But the most important sentence is below.
"IF the review is granted, then the commission will review the case"
Finding very similar cases such as DBMM's that went this far is difficult. Most companies never bothered to challenge. So when this happens in law, one of the next best "indicators" is finding challenged cases within the general jurisdiction that have traveled a similar distance through the legal process. You can take this information and match it too how many cases requested a review and then match that to how many were granted a review after already spending 2 years in the process which received a dismissal. You can finally get an idea of the likelyhood that a review would be granted after the above due diligence.
I already know the answer to this but I recommend others examine it as well. The information is public and will paint a very good picture as to what is going to happen next in all probability.
Review boards, upper courts, etc. inherently do not like setting new precedents as they can often cause a backlash against previous decisions.
That being said, IF they do decide to review it, will be solely because they have found an error in this case that will possibly set a new precedent or a grave legal mistake.
After reviewing several revocation cases I do not believe a new precedent has been discovered here, rather this is one of the extremely few examples of a company challenging a revocation. This situation has likely occurred before but never reached this level of decision due to previous organizations accepting the revocation or being unable to follow through with the process. I believe the push back here is because this case could very well be one future litigation is held too. Possibly not beneficial to future SEC cases regarding similar circumstances. IMO
Common knowledge is not "divulged" in the assumption someone that knows nothing about the process may read the document. Hell if they cited every little damn thing a simple order would weigh 50lbs. The people who read these are professionals who already know the statutes, not unacquainted small investors.
You are assuming that OTC level 2 is accurate let alone the grey's or "expert market." This is not NASDAQ. Put up 500k shares and see how fast they tick off. Better yet calculate your slippage when your done. Not profitable to unload here and hard to buy, facts not assumptions.
Yes well truth is selling was just as difficult. I tried a small 500k order out of my position and it took forever with a lot of slippage. Until this starts seeing volume anyone with more than a million shares is stuck.
Case postponed? Case was decided already in regards to DBMM. The review is not a legal proceeding. It is simply that, a review, but not of the case. It is a review of the sitting judge. It has zero bearing on the case and the decision unless it is determined the judge made legal errors. They do not reconsider any information except that. Did commissioner work within the confines of law.
The SEC is not DARPA. They have a website and answer the phone if you call. They will not divulge information about individual cases. They will however explain their legal and administrative processes and procedures. What has occurred is very similar to a DA losing a case in court, so I can see the confusion. In say district court, if the DA's case is dismissed they have a right to appeal which means all evidence is reviewed as well as the presiding judge's decision. If the judge, who is also a government employee just like the DA, is found to be in error then the case may be retried.
This is an administrative review and while the review board, judge and "Samantha" are government officials this is more akin to a formal protest than anything. Or to put it simply, someone is butt hurt. If you think the success rate of fighting revocation is almost zero, the SEC, if you choose to call will tell you review board disagreement with the sitting judge is even less. For obvious reasons. If they made a precedent here then they would need to admit any case tried under this administrative judge could be in error.
Not going to happen and that you can get from a phone call to them directly. I am assuming they speak with individuals same as family office's.
Out of all the dilution in the OTC, the SEC decided to consolidate its efforts on DBMM.
Ya ok let's roll with that one...
Very shallow ??pool in the OTC ??
True if this was not the OTC. I make my money in traditional markets. I come here to satisfy my gambling habits...
99% of the company's here are junk, shells, P&D scams, etc.
My DD in OTC generally comes up with WTF.
You certainly don't want to hone your corporate audit skills in the pinks...
Could easily write a book on deciphering corporate financials. Oh that's right, there are hundreds...
A quick glance at the DBMM numbers here tells the whole story.
Could you run a business and survive producing these numbers? Could multiple people do it?
So numbers don't make sense.
Look at the principles.
Do they look like they are living a lifestyle of someone running a business producing these figures?
Common sense tells you absolutely not, especially since the late 90's.
This is why I am here.
Most corporations with a balance sheet like this, public or not, would have just folded when faced with the dilemma that confronted them.
They did not. Principles appear to be doing well and they have more than one iron in the fire. If this was simply a scam none of this would have transpired.
This leads me to believe there is something else afoot. Even if it is a far bigger scam. Early in you risk the least and a properly timed exit you profit the most with a measure of safety.
But arguments over a company that is worth less than my house seems pointless...
Facts are this, nobody on this board has more than a couple days of the average Joe's paycheck in this ticker. Just do a little math. Where do you think the "3 million" private investment capital is coming from? Who do you think was accumulating shares at .0001? They are already at 1.5mil evaluation and as soon as this breaks out will be at 20 or 30 mil. Yes DBMM found a loophole and ran through it, you can bet won't happen again anytime soon. Consider yourselves lucky to have a small peice of the pie....
Brother tell me this is sarcasm. How much could you possibly have in this ticker? DBMM was a dead fish before revocation attempt and lawsuit. I bought a dog in this hunt just so I would remember to check in. When this came back to life it was surprising to say the least but nothing as dramatic. More curious what the catch is now but certainly can't realize much profit until the volume gets real.
If you're serious, just walk away, have a wonderful holiday and come back next year. These commission reviews take time and nothing going to happen till after EOY. Take care my friend!
Hahaha. Exactly the knowledgeable response expected. We can revisit this mid January. I winter in Belize and leave these micro plays to simmer till I return. Happy Holidays!
This is strictly a "review", meaning they are hoping that something in error can be found to revisit this ruling. The oversight committee historically sides with the commissioner who ruled on the case...
Agreed lots of experts here mostly thanks to readily available irrelevant information...
I get were some of our newcomers are trying to wedge a little DBMM doubt in here. While some of the information posted has a basis in fact it is irrelevant to this decision. If it was, DBMM would be facing an appeal not a commision review. If anyone here has any actual firsthand experience, then you already know the commission almost always sides with the decision handed down unless there is a grave error. This review was done as a counsel's little jab after the bell. Yes it will waste a little more time and money for DBMM. But in the end this hurdle has been cleared.
FYI DBMM was never revoked as the order was stayed so had they completed the filings earlier they could have been trading as compliant long ago. At this point it is as if nothing has occurred. I am in agreement with some that this was the hard way and most companies accept revocation rather than fight it. To go through the reinstatement process would have been much faster absolutely. This is why I believe there is a "why" that will reveal itself outside of stubbornness.
If you're correct this has got to be one of the most pathetic pump and dump scenarios ever attempted. Lets drag out a 2 year court case to create a 600% pump on low volume only to dump it 300% after being able to unload enough to profit maybe 80k over 2 weeks. Assuming only one share holder is selling...
I would fire my promoter...
LOL. Thank you for the update.
POS? Please indulge with your expansive knowledge on DBMM. I agree it is a shell for a private company but POS's would have shed DBMM and been up and running with a new virgin shell a long time ago. So there is something underlying here without a doubt. But since you obviously have knowledge nobody else has please share.
Well you're partially correct. No whales here because there is no volume. If you could accumulate you would skyrocket the price doing so and then could not get out under the same volume conditions. If there are whales they got in like I have on the grey market putting up multiple random orders or negotiating sales.
Not sure if your just new to legal proceedings but there is always an appeal. It is how they have appealed that tells the story. If there was any negligence or ground breaking new information this appeal would not have taken the entire timeframe for submission and the appeal would have substance other than negative rhetoric. They are knowingly delaying the inevitable here. Very common practice as withdrawal or acceptance of the decision is like accepting defeat and giving up. If they run the course at a minimum it can be said everything was done and nobody gave up. Waste of resources but pride is seldom anything but just that...
Honestly doesn't matter. They were never revoked so nothing changed outside of markets it was traded on. Those markets will change because they are current reporting now which is traded on OTC/Pink. The various OTC markets are there for the purpose of categorization. Each markets requirements simply create a tier type system so companies can stair step to a more preferable class of investors.
You do know that to be suspended or in this case to be considered for suspension and that consideration rejected, they already have a 211 filed correct? Actually they obviously have a capable accounting team now and should have no problem remaining current they will be considered a far more attractive pink or even a move to OTCBB is possible. Even as a grey this ticker had an impressive amount of trading considering the difficulty in trading on this market. So I suspect it will have adequate volume as it moves up to realize profits on any moves.
Nothing worries me with anything, besides to late I already have a few million shares from before grey's. Only reason I stayed was to see this play out. Should be interesting.
I wouldn't bet on that. This time of year, with this catylist it is very possible to exceed expectations
No doubt of seriousness or why waste the time and resources. 3 million is nothing in this industry, hell any industry for that matter lol. DC is the vehicle DBMM could have been shed and DC unaffected. So there has got to be reason. It could simply be that a seasoned ticker in itself has some value. It could make sense to shoot for an up list because I can see DBMM possibility hitting the teens on momentum which would allow a significant capital raise for them well in excess of 3 million. A split would turn them into a real boy.
I wouldn't fall in love here because there is definitely a possibility of another reverse split. If they truly are trying to make a run for legitimacy, it would make sense. Dump a bunch of shares to raise capital then reverse to bring price up to attract traditional investment as well as shake the OTC stigma.
Read it, typical 10k and the money they have is peanuts compared to what will be available with all the stock that has been bought back should this pump much.
I have a question for you since you have lived down this rabbit hole for a while now. Linda (DBMM formerly RTG Ventures) is the business management side and Reggie (Digital Clarity formerly Stylar LTD) the technical side are basically working together for several years to create the Digital Clarity brand. DBMM is a shell for Clarity which is very commonly done. I believe that the reason DBMM won this case has more to do with the fact that they challenged it where most others either were a scam or were not financially viable any longer. This was my biggest question mark, why even waste time and money fighting. While Digital Clarity has some market presence it is not a major player. So why? There is something underlying here although everything I have researched still does not warrant saving a shell. So my question is have you found anything that might lead you to the why save this shell? I mean outside of the "go DBMM propaganda". Regardless I expect the company to ride the wave that is going to be created by this successful legal fight. I personally believe there is a possible acquisition here because that would make sense of the struggle. Thanks for your work on the board.
So your understanding is promoters use Twitter prior to accumulation? This is a difficult market to accumulate in and most of the information you will receive it tainted. Get with some market makers and you will have a playlist. I will guarantee this is one of many.
Definitely a lot wishful thinking both directions on this board. I can tell you this, DBMM has already been pegged as prime pump and dump candidate. So if anything I would be buying.
Why is this even a discussion? I thought it was common knowledge? But it still has little or nothing to do with DBMM.
So out of curiosity what would be the point in anyone doing what you are suggesting? This has done not for 2 years, what is another month or so???
I don't think DBMM will have to do any PR. This is already on promoters radar. It is prime for a pump and dump scenario. Who knows how far it can run but it's got a great back story.
Hahaha oook ??
Funny for almost a year I have been watching this play out. I took some play money and bought several million shares just to remind me to check in. The con side has used for their chief argument that DBMM is a scam, has been delisted, soon to be revoked permanently, etc. Interestingly, absolutely none of this has come to fruition in over a year. Every time I check in it is a coming soon attraction.
The pros used as their chief argument that DBMM is getting books up to date, is still a functional business, has been keeping milestones in agreements with officials, will soon be relisted and is still trading on the greys. Interestingly, most of this has come to pass, admittedly to my amazement. Obviously, this doesn't mean anything at the end of the day since SEC has full control over the outcome here. But makes little sense to drag this out so long on the SEC's part or DBMM's for that matter, if there were absolutely no extenuating circumstances to be considered. They have already set a precedence for fairly swift revocation of scams in the past. One thing I seldom see mentioned here is what a stock purchase is in regards to a company, you purchased a portion of that company. Meaning whether revocation or not you still may have a value if the company continues to function. Your ownership is still there and can have a value. Curious to see this play out for sure. Best of luck to all.
Would have been cheaper with better results to just get a new "debit card".
So that doesn't hold any water either.