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Good Read... Although there are no recent updates, DBMM's 10-Q report, which was submitted on April 13, offers information about their recent performance. The report highlights an increase in quarterly revenue over the six-month period ending February 28, 2023, reflecting the company's ability to deliver results for its clients. Additionally, DBMM successfully expanded its client base during this period, further demonstrating the trust placed in its services.
Overall, DBMM presents an investment opportunity in the dynamic digital marketing industry, catering to businesses seeking to thrive in the digital landscape.
https://www.marketscreener.com/amp/quote/stock/EPAZZ-INC-111313555/news/CapitalGainsReport-4-OTC-Stocks-Gaining-Momentum-EPAZ-DBMM-GHAV-GTCH-44022469/
It is bordering on ludicrous to whitewash what the SEC called a “controls deficiency,” which required an investigation initiated by Gensler, was simply a software issue. Could easily have been engineered that way .
No way would they have dismissed 42 cases if no harm no foul. They covered potential lawsuits as to damage companies incurred because of delays and embarrassments DOE incurred because of their overreach or bullying.
Example: DBMM had a PFR on an ALJ Dismissal since 2019. Never had an ALJ Dismissal ever been PFR’ed before? The Company had almost 4 years of delays because of hubris and overreach. These 42 companies have been damaged.
Suggest that shareholders do their own Due Diligence opinions are just that.
Short sellers? I am proud to say that I have never shorted a stock. I move to issuers that I support.
A little too disingenuous for the beneficence of others .
Am a very strong supporter of DBMM, for all the right reasons. The hurdles overcome this far when they should have been able to grow the Company instead of reaudit when nothing to do with them.
The SEC should provide some quid pro quo for their control deficiencies which damaged companies for not maintaining the proper wall between adjudication and enforcement. That is a Commission requirement. If a wall st firm company did that between research and brokers, their license would be terminated, as would the individuals.
No Convertible Debt converted since May, 2016. None ever to be issued again by Corporate Resolution 2015. All in filings and audited.
No dumping. For the zillionth time. Everything DBMM does is to benefit shareholders.
Shareholders aren’t stupid
So are short sellers who think shareholders are stupid.
LTIs in it to win it! $DBMM
Shareholders know the drill to depress pps. The nonsense despite positive events and wins documented.
I conversely am a portfolio investor with majority blue chip investments. It is rare for me to be in the OTC , but have seen evidence of DBMM’s value as validated by Dismissal by the longest tenured ALJ and acknowledged mitigating circumstances, broker sponsorship for FINRA application and subsequent clearance and OTCM removal.
Scored #10 win, #11 on the way.
What is your point? Have nothing to do with DBMM—yet again.
DBMM has stated it has no toxic loans. Evidence is the Company’s OS has only increased by 5% since 2016–7 years! That is even beyond the Statute of Limitations.
Inference is dangerous.
opinions on a legal matter are very questionable as shareholders should do their own due diligence What is interest in improperly inferring an internal control issue and investigation is not of vital importance to the SEC?
Exactly ! All 28 cases are examples of DOE sloppy work and overreach.
As the executive in charge, Gensler has had to make admissions that the internal controls were not followed and that the internal errors were self-generated.
Heads on platter. Companies have been damaged by bullying , vindictive and totally unprofessional tactics of DOE. It is spelled out in MF brief of March,2021.
Internal controls risk assessment failure a “stupid mistake?” Obviously no board of directors experience in play here.
Not allowable in any institution or company or certainly not regulatory agency with a BOD charged with oversight and accountability. The vulnerability is armedthe risk assessment, not if anyone was harmed by it. Delays, overreach are harm so that would be tough to defend, ergo Dismissal
Hubris and sloppy. DOE does not get a pass. First Lucia overreach causing Remand by SCOTUS, then audacity of first review /PFR of ALJ Dismissal, then breaching the Chinese Wall between enforcement and adjudication? Lots of attorneys already have resigned/retired/terminated from DOE since Gensler .
Overreach isn’t playing well with others.
Repeat - shareholders read both the Order and the second statement on adjudications. The initiative investigation driven by Gensler says it all. SEC Chair and General Counsel controlling. No whitewash allowed.
Shareholders know
Well then, Lucky for me that I own Amazon , and lucky for me that I own DBMM !
Happy days for me and all shareholders
Risk management of which internal controls are a main component are a BOD/ Senior Management responsibility. That is why Gensler is driving the car.
Understand the context. This is not precedent , it is a judicial discretion issue which was the ALJ decision as well.
DOE is under scrutiny as they’re bullying and refusal to operate in a timely manner and then forcing an unwarranted review because they could , plus all the bullying and delays with other companies will be measured . The ramifications will affect the lack of adherence to SEC Practices and Procedure, like bringing in Corp Fin people directly into their response when they are to deal with the Company directly as the Company did
MF was spot on with her brief of March 2021 . I will bet each of these dismissed stories show overreach examples. The Chinese wall between DOE and judge / Commission adjudication cannot be breached.
Internal controls are sacrosanct . Made up stories about it doesn’t matter. It will become readily apparent that it does.
The boss shut down 28-42 cases. Not good for DOE careers.
Always never using old manufacturing metrics. Even Amazon didn’t show a profit for 10+ years and it didn’t have the bullying DOE who thought they ran the SEC and a pandemic!
Hand in hand with LTIs DBMM will grow both organically and by acquisition. Capital infusion into operating business will have an exponent.
Shareholders know
Wrong, wrong and wrong.
Such nonsense when in midst of reaudit, litigation and mitigating circumstances. All when executing an Acquisition. Projection to try and blame Company when churning and certain individuals made a ton of money.
One bought a Porsche another a beach house and lots of money made by many. That is documented with follow the money.
No Company benefit except to make decision to never use Convertible Debentures as financing vehicles. Haven’t issued since 2015 and none executed since May, 2016.
Understanding public companies in an acquisition with DOE overreach in a reaudit etc. Shareholders know the narrative and have seen ALL the documentation.
This is a fiduciary matter at the BOD stewardship level. Gensler as SEC Chairman called for the investigation.
DOE sloppy handling of DBMM case from review request errors to the amount of time DOE deliberately obstructed ALJ Foelak Dismissal.
Never underestimate DBMM —ever. Especially Management, their relationships and the growing wins.
DBMM will fly.
Bull?
Astonishing that opinions are always to whitewash. Cannot sweep under rug internal control risk management oversight by institutions BODS.
Gensler initiated the investigation as Chairman as the highest levels of oversight.
This is BOD situation and the SEC stated “judicial discretion” required to prudently “ preserve the Commission’s resources.” Judicial discretion is the term the Companh stated over and over as ALJ Foelak purview.
This is a very big deal and a Gensler initiative. There will be ramifications and consequences . BODs do not take prisoners.
Running a company requires multi-tasking in the extreme. DBMM won every step of the way . It is not to be diminished, thousands have failed.
The reality is that the Company could not grow its acquisition while spending hundreds and hundreds of thousands of dollars on reaudit, litigation and cure while resources diverted and early funders pulled out with reaudit/litigation. The filings so state.
Absurd to think magically the mitigating circumstances and deflections in large numbers do not effect a new acquisition and it’s client base.
Nevertheless the business generated $450-550K annually. Companies in digital space have no revenues and enormous valuations
The digital space model is very different from manufacturing. The operations have always been cashflow positive.
Take the time to understand a management consultancy which is very labor intensive.
Shareholders know DBMM is ready to rock n’ roll.
Watch this space Win #10 in hand.
When acquired and forward Digital Clarity was always cashflow positive as stated in MD&As every report. The Reaudit put tremendous strain on the Company one year after the Acquisition was completed , with all mitigating circumstances which occurred.
There are excellent fundamentals without all the baggage and now , unencumbered, watch the growth pattern emerge with LTIs support as promised.
Stay tuned, the best is yet to come.
DOE overreached and wasted SEC resources. Must read for all shareholders. link below.
https://www.reuters.com/world/us/us-sec-dismiss-roughly-40-enforcement-cases-after-internal-data-mishap-2023-06-02/
$DBMM win #10
Opinions ignoring the very internal control issues surfaced by a investigation initiated by Gensler.
DBMM tenaciously pushed back on DOE’s overreach and waste of resources on both sides.
Boards of Directors of public companies take accountability for Internal Control issues take oversight leadership .
This matter is not to be whitewashed by opinions. DBMM tenacity won and the Dismissal is win #10.
Shareholders know, so do Management and their Attorney.
The Dismissal is indeed a victory.
The facts are clear and to minimize a dismissal is an attempt to whitewash errors on the part of DOE in an investigation commissioned by Gensler.
A Dismissal is a win and it is dishonest to portray it any other way.
Leave the order to stand on its own merits . Shareholders do their own Due Diligence and have followed the SEC Matter closely.
Where did the footnotes come from in your post # 303145?
Item 84- there was no Initial Decision on June 19,2017
Item 86 -was remanded and vacated 2 weeks later. There was no review , the review was post the actual Initial Decision of Nov 12,2019. Anything remanded becomes irrelevant legally as cannot be cited.
This list misses about 20-30 intermittent SEC releases .
Shareholders know the delays in this case represent an unnecessary waste of resources as the Company has stated innumerable times. The Dismissal Order today “is appropriate to preserve the Commission’s resources.”
What an understatement, given DOE’s lack of attention to details and internal control.
FYI- in legal terms this is a Dismissal—a win for Companies who have withstood heavy-handed DOE tactics. Bravo. The division needs to get its house in order.
No spinning to whitewash an Internal Control investigation initiated by the
Commissioner.
That is equivalent to BOD oversight for internal control risk investigations . The buck stops here, at the top of the company, the institution and the regulators. All hierarchical organizations.
DBMM win #10.
DBMM just scored win #10. Another "Never Happen" which just did! Happy Saturday! :)
Shareholders do their own due diligence ,which means the only document of value is the “Order Dismissing Proceedings.” The Order was initiated by the “Chair of the Commission as a comprehensive internal review to assess the scope and potential impact of the control deficiency , which review was conducted by experienced investigative staff from the Division of Examinations under the supervision of the Commission‘s General Counsel.”
This is enormously important . In any institution , any internal control deficiencies which surfaced during a Commissioned /ordered review are extremely serious .
Gensler commissioned this review and 28 companies have AP’s dismissed .
This is the judicial discretion the Company has stated over and over again exhibited by Carol Fox-Foelak which should have concluded the matter 21 days following Nov 12 2019. “…to dismiss , as a matter of discretion..”
The Order said it all.
Shareholders know.
She is a defense attorney of considerable stature and reputation— that means sought after.
An understanding of the legal system is required.
Opinions are just that
Listen carefully—
-The Company issuing CD is notified
- No TA will remove restriction without a legal Opinion . There are cases of SEC not accepting opinions as there are “mills” just turning out opinions which are weak re Rule 144 criteria.
- Company cannot stop conversion if criteria met.
Repeat: The Company does not have approval authority as conversion is in terms of CD if Rule 144 criteria met. The only thing a Company can do is get a injunction and they need evidence to do so.
Otherwise, Companies could stand in way of contract terms being fulfilled as agreed.
Furthermore, the SEC has taken the position in cases that the legal opinion must be from an independent legal counsel approved by the SEC , not an issuers counsel .
The SEC does not like CD’s less and less each year.
The clearing house is selected by lender . Opinions without facts are not accurate.
NO TOXIC DEBT IN DBMM
False statements
No CDs converted since mid-2016. NONE—CDs canceled via settlement one lender at a time, to the benefit of the Company .
Correction to continuing false statements with facts and data in filings and Updates.
There is NO DBMM promotion. Such nonsense
All the false info, is that a negative promotion?
Not the TA responsibility .
It means the lender did not follow the rules of Rule 144 to clear the shares.
No convertible debt , because the shares are prospective in issuance, are registered. In order to issue under terms of CDs must meet criteria of Rule 144.
Something may have been a problem with meeting criteria. Maybe SEC didn’t approve lawyer preparing legal opinion . Proper companies clear lawyer in advance.
Something was wrong with clearing to free trading, yet still called selling unregistered shares.
Generally, not a TA responsibility, if on surface met criteria.
Nonsense.
There are other clearing houses .
DBMM is going to grow both organically and by acquisition.
IMO all false statements or draw erroneous conclusions bordering on conspiracy theories.
Shareholders agree when statements are corrected yet continue as false, and Company has spoken to that situation .
Read my last post, there have been no discussions announced by the Company.
All Company SEC reports are reviewed and approved by Accountant, Attorneys and Auditors, following instructions externally and Principal Executive Officer internally. Education in how to understand how to read a Financial Statements and regulatory text may be helpful.
Updates mirror data in filings and public information.
The Company has stated it announces results when they occur. Strategy, tactics and plans are not appropriate until meet disclosure approval guidelines as instructed, as they are subject to change. That is why a Company has Management.
Shareholders know.
Already responded in Post 302 899 and don’t intend to any more semantic BS.
https://www.dbmmgroup.com/shareholders-update-december-28-2022/
CONTINUED ACCUMULATION OF INFORMATION FOR POTENTIAL ACTION AGAINST STOCK MANIPULATION.
The Company has noted that recent prosecutions by the SEC and the DOJ of named individuals who deliberately manipulate and peddle misinformation, often slanderous are cause for regulatory and public policy concerns. DBMM has long highlighted the negative aspects of those paid to create chaos and scare shareholders. The Company stated in recent Shareholder Updates, that it has sought advice from individuals and organizations prudent in these matters, and participation by third parties in monitoring and gathering information.
Opinions are without facts.
No facts. The way I read the para is there are paid posters also the Company is sick of it. They have hired and affiliated with industry experts.
From my knowledge never has an officer of DBMM posted on iHub or any other platform regarding the Company financial statements. Linda signs and is accountable for everything contained in every filing. IMO everything has been disclosed and is transparent in filings and Updates. Financial Disclosure regs require officers to share info to all public.
Cannot have 1 on 1 discussions which could be misquoted or misconstrued. I have never known this position to change for years.
Also Shareholders have public access to all filings in EdGAR.
Reading a Financial Statement is a skill !
Shareholders find the continuous deluge of false and/or misleading information.
The Company had discussed the issue of manipulation of pps endeavoring to depress. See Update of Dec 28, 2022, let me make it easier by extracting the 3rd paragraph :)
https://www.dbmmgroup.com/shareholders-update-december-28-2022/
CONTINUED ACCUMULATION OF INFORMATION FOR POTENTIAL ACTION AGAINST STOCK MANIPULATION.
The Company has noted that recent prosecutions by the SEC and the DOJ of named individuals who deliberately manipulate and peddle misinformation, often slanderous are cause for regulatory and public policy concerns. DBMM has long highlighted the negative aspects of those paid to create chaos and scare shareholders. The Company stated in recent Shareholder Updates, that it has sought advice from individuals and organizations prudent in these matters, and participation by third parties in monitoring and gathering information.
Shareholders are smart. 2,000+ other companies were kicked off their trading platforms.
DBMM made their case with evidence as allowed by the Supreme Court of the US. .
Proper investors understand and very impressed with DBMM’s tenacity and positioning of mitigating circumstances. DBMM on its way—every win acknowledged .
Shareholders know.
It is curious why false statements are made when the accurate, documented evidence supporting the Company is in the filings?
The Company has had portfolio investors (LTIs) since Oct 2017 that came in to assist in the cure of delayed filings, sponsored broker ID and FINRA approval, CE removal , Uplist , growth both organic and through acquisition and NASDAQ application, each step by step.
So far $1.8million cashflow financing is the support system behind DBMM and will continue . All audited and documented in filings.
Shareholders are not to be mislead. Shareholders know.
Another false statement.
The Company is NOT required to file an 8-K when they hire an attorney. Only independent auditors and Company’s Officers appointments need 8-K filing.
Where these pronouncements come from is misleading and inaccurate.
Draconian opinions do not understand the law and the mission and role of the SEC.
Law includes judicial discretion requiring companies to provide evidence to prove mitigating circumstances.
Law also must be legislated if there is a required revocation everytime filings may be late. Due process is an absolute requirement. If pre-determined outcome , it is not due process and results in what the law calls ‘systemic discrimination.’ SCOTUS could throw out every revocation on that basis.
These are legal facts. DOE overreached as it does frequently and is embarrassed. The Company knows exactly what it is doing and the results will be positive.
Practices and procedures were not followed by DOE and MF brief summarized by timeline that their using cherry-picked Corp Fin staff when DBMM was already taking advice from CF directly, following procedure.The standard comments clearance letter filed in EdGAR and Dismissal followed the next month.
MF brief clearly addresses the DOE overreach. See link
https://www.sec.gov/litigation/apdocuments/3-17990-2021-03-26-respondent-appellees-brief.pdf
Step by step DBMM is ready to grow. Stay tuned.
Shareholders remain firm that irrespective of facts and events the nevers continue on one note. Yet Company moves ahead and will prevail and win as it has last 9 times.
The amount of wasted taxpayers money on this simple delayed filing situation is egregious—with acknowledged mitigating circumstances—which were cured on May 31,2018 , and filings on time or early for the last 5 years. Hundreds and hundreds and hundreds of thousands of dollars which could have been reinvested in the business.
Hardly protecting shareholders , nevertheless step by step the Company moves toward wins #10 and #11.
Total nonsense. Pps before FINRA clearance and CE Removal was already low and longs holding. So Crushed for whom?
Retail US could not sell yet until 12.20.23. So the market makers couldn’t churn?
Aged debt cancelation essential and going very well. 1-2 CD lenders totally cancelled each year since 2020 after canceling Asher in 2018 for no equity and a 50% discount.
Sounds you know .... to call de minimus share issuance anything but in best interests of shareholders.
Nothing scares shareholders ;)
Since 2016 OS has increased by 5%. All in filings and available.
DBMM is a public company, and it is ludicrous to try to infer that issuing shares to cancel debt to the benefit of the Company, highly discounted in principal, no interest and elimination of associated derivative liabilities is not in shareholder’s best interests.
Read last Update, it will explain the rationale with appropriate definitions associated with removing aged debt from Financial Statements.
DBMM has been very clear as to intent of aged debt removal.
Update link
https://www.dbmmgroup.com/shareholder-update-april-13-2023/