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And yet --- what has she done with dbmm in 15 years?
How much of that 'Pinkie-Swear' financing might still be available? Given the paltry revenue situation reported, most, if not all, of that money could well have been spent on legal matters. The fact that the company is not now nor has ever been profitable is pooh-poohed as inconsequential but yet, private financing which could be all gone by now is not?
To answer your question; Price and Pump -- Period!
lol -- Escape from Alcatraz?
If they dig out of this hole that they dug for themselves and finally achieve pink status, the MM filing would be a mere formality.
Primo narrative, though.
May not be getting the finger stick reports -- just the finger.
Call those splits what you like. They were a straight-up 100,000 to 1 pooning of the shareholders in the interest of raising the pps to a "respectable" level, I believe was the way Linda the Jazzed put it. All squandered. "Bad for everyone"? Hell, aside from a couple of pumps boosting this thing from triple-ott to double-ott (which were none of the company's doing), there hasn't been a damned thing good that's happened here.
I stand corrected; There was a little less than 1-1/2 years between splits. Time flies when you're having fun.
I cannot remember the exact time period but PRIOR to the 1000/1 R/S, there had been ANOTHER R/S of 100/1. I don't think there was 6 months between them. That's 100,000/1 in reverse splits then back down to triple-ott territory yet again. The best thing that ever happened to this outfit was the SEC stepping in. The two pumps since then would never have happened had they not. In the interim, K's and Q's (foisted upon them by the SEC) have illustrated that this company is going nowhere - FAST. IMO, unless there is some deep, dark, super-secret, pinkie-swear plan in place (as has been conjectured), the only shot that shareholders have to make a buck would be the SEC's giving them a bye. Further, shareholders would have to cash in quickly on that bounce prior to the inevitable continuance of R/S's.
All IMO, as always.
Perhaps. Doubtful but possible. The great and omnipotent Maranda should be on top of that eventuality if they can still afford to pay her. All IMO, of course.
Most intelligent thing Linda has done yet!
That was prolly counsel that made that recommendation. I wouldn't be giving Linda a helluva lot of credit for much of anything.
It's not as if dbmm is the only miscreant on their (SEC's) table. They've probably got hundreds, maybe thousands of companies with one or more charges against them in need of adjudicating. To pinpoint our little band of do-bees as public enemy number one isn't, IMO, even remotely possible UNLESS either a company officer or legal representative stuck their finger in their eye.
All cogent questions richly deserving careful consideration and intelligent answers. But alas, the topics are relegated to the "14th century" junkpile and are, therefore, not relevant.
Chosen for the 'Criminal Defense, White Collar' category. Yep. She's in the right place. Wonder how she's being paid.
What's maybe not rare, but certainly troubling is the fact they've been at it for about 15 years now and still no discernible headway. Splendid backhand, by the way. Not called for.
Is what you're saying is that they're sandbagging business and revenue until such time as an uplist takes place? They're in a good, growing industry which, by all that's holy, should be showing some sort of incremental gains over the years. IMO, they don't have enough gas in the tank to make it in the real world.
Folks here, myself included, would like to see that uplist and resulting pop in pps. But, after the euphoria dies off, and the naked shorts (chuckle) have to purchase clothing, they'll be on their own once again. Evidence suggests their surviving further is not in the cards.
All IMO.
Perhaps there is some deep, dark, well thought-out and financed plan in place. Won't know 'til it's sprung, if ever. In the interim, however, the dismal financials, which should be a part of a balanced DD, cannot be dismissed nor considered an "inconvenient truth".
IMO, of course.
The exact same scenario was expected on the day they 'won' their case. It did, indeed, run up to a lofty 0.0085, I believe. Then back down to more suitable territory for a pile of shit. Once one wades through the 24 pages of "baffle 'em with bullshit" material, the financials indicate that the king and queen have no clothes. IMO, of course.
Immaterial what I purchase a stock for. Basic DD done by virtually anyone can see a trend here that is NOT going in a positive direction.
DUDE: No profit in over a decade.
Dude: Sales DOWN 23% year to year.
Dude: GROSS PROFIT DOWN $45.7k year to year.
Dude: Expenses UP $14k year to year.
Dude: Operating loss UP $89k year to year.
Dude: Net loss UP $220k year to year.
This thing is in obvious need of some sort of catalyst to keep it even marginally interesting while awaiting SEC decision. Even then, given the FACTS, the bounce will not, IMO, propel it anywhere near a single cent........ Dude.
Someone posted much earlier that they'd be filing EARLY. That might even have been a 'MARK THIS POST' which, of course, I didn't mark.
Do you realize that, predicated upon dboomm's previous low of .0001, a "20,000%" run would bring it to 2 cents? The highly touted 40 cent prediction would equate to a 400,000% increase. Possible for a company that hasn't produced a dime in profit in over a decade? That's up to the investing public.
Just sayin'.
Well, maybe that's the difference. I've been here for over a decade and would like to finally see some solid performance out of what is laughingly referred to as a "company" for a change.
Yes, yes. We all know about the history. Actually, that's all 14th century stuff now 'cuz the new concern is not IF the uplist will happen but WHEN. Much too much ambiguity on that point. Just sayin'.
Do I recall your recommending that NO shares be bought without the uplisting process first taking place? Just sayin'.
Very possible UNLESS SEC scrutiny keeps the philandering in check.
You DID note the caveat, yes?
Yes, yes. Seen it 1000 times. Has nothing to do with the topic at hand, I.E., uplist approval time-line. Geez!
Predicated on the length of time it takes for anything to get through the SEC, IMO, the '21 days' guess is just that -- a guess. Could happen in that time frame but probably not, particularly with the holidays fast approaching. In the interim, what is going to prop up the pps until something positive happens? A catalyst might be a solid PR from the company but for them to do so might be like sticking their finger in the SEC's eye. All IMO, but it certainly looks like this is headed straight down for a while.
The all-too-real convertibles are a greater threat than the probably non-existent shorts.
Yeah, huh? What a ridiculous concept.
Company PR? Probably not. Uplist? Not for another two weeks minimum. Looks like this puppy could be ripe for some good, old-fashioned shorting. IMO, of course.
How come the bounce from 'winning', albeit a refreshing change from the norm, was not significantly more robust? I mean, this thing bounced up over .007 just on the 'expert' level being attained. Sooner or later, the company's fundamentals will be making the difference -- one way or another. IMO, of course.
One might proffer that dbmm has 'won' the initial battle. The 'war' is still on the horizon. Until that time, chances of any form of PR (which would be like waving a red flag in the SEC's face), are extremely slim. Thus, more consolidation will, IMO, be taking place here. Down to .004 - .005, would be my guess.
The irony here is that without the past years of SEC imposed purgatory, chances are good this circus tent might have folded up for good aren't out of the question. The SEC stepping in just might have saved their bacon.
All IMO, of course.
Acknowledged.
Could not agree more. What's curious is, although it's obvious that 'MOMO' is in play, should not the dismissal have resulted in significantly greater interest than that being shown? Have their "wealthy family" benefactors stuck with them through the hard times despite less-than-inspiring financials? If not dealt with, those convertibles not only could, but will, have a negative affect on any momentum going forward.
Yes, an exit strategy should be part of a balanced plan of action.
All IMO, of course.
I would have thought the bounce after the judge dropped the case would have been more significant. Will another bounce occur once the official uplist? That's anyone's guess. But, IMO, one thing is dead-nuts certain and that is that investors are not going to invest in a company that shows no signs of life. Their K's and Q's have been dismal, at best.
Just sayin'.
Good luck with your endeavor. Have yourself some fun. You can bet the interest here will escalate rapidly.
I was checking out this picture and noticed something of interest. There's a sweet, bronze '57 Chevy between the two light stanchions. Check out the car immediately behind it. Might that be an El Camino with a heavy load? Looks to me like the rear end is dragging the pavement?
Cool pic and the site promises to be a good one.
Trainz
American Racing mags.