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Shareholders should do their own due diligence . The Company never has responded to bullying as it is concentrating on moving forward one step at a time, without the chaos.
The Company restated its communications strategy in the last Update as, “Results are shared when they occur with no non-factual hypotheticals.”
The Company does not share strategy or plans until they are public information. Patience is required .
As stated frequently by the Company’s transfer agent , there is no way for a Company to determine
if NSS exists because of phantom, counterfeit or other nefarious artificial means. NSS are illegal. Simple as that. The regulators are focused on ferreting them out wherever they occur . The situation will be clear in due course
The Company knows what it is doing.
DBMM Rocks.
Projection again, no one touts a quid pro quo because DBMM pushes back. Evidence of misinformation proven over and over with evidence.
Read last 3 Updates and Filings and the Company’s step by step approach with the regulators along the way. OTC Markets is the new sheriff in town regarding the entire OTC , delegated by the amendments to the 15c2-11 by the SEC.
No conflation, no more misleading information. Shareholders do not believe the false statements over and over.
Regulators are watching Shareholders know.
A famous American poet said, “ When someone shows you who they are, believe them….”
Shareholders know that accusing others is called projection, eg blame others
When people are unhappy about a Company, they move on
Avid fronts for others , about face is DBMM would not capitulate .
Conversely , long shareholders are holding and supporting DBMM.
Those guys trying to manipulate show their hand, especially when they use others. Just follow the dots, or their money. Easy-peezy.
Shareholders know.
Absolutely false.
Every public company trades. Pejoratively calling that a pump & dump is false
The OTC has problems because of a short term orientation. That is not DBMM vision. Over 5 years of LTIs who provide cash flow financing and not interested in trading. Long shareholders are very prevalent. We are all stronger together.
DBMM rocks and will prevail as it has with tough critics, sponsor broker, FINRA and OTCM.
Shareholders know.
Wrong again. All opinions and no facts.
Will quietly go away. That is their very sloppy process as DOE has egg all over its face and their overreach is embarrassing to the Commission.
An understanding of agency politics is essential here. Many DOE prosecutors have resigned to work in private practice , or have early retired. Politely stated.
The Standing Order is Judge Foelak’s Dismissal.
That is the legal position. ALJ Foelak has presided over some of the most contentious and complicated cases having been assigned them by the Commission.
The Dismissal was 3 1/2 years ago and embarrassing for DOE as DBMM acknowledged mitigating circumstances supported by FINRA and OTCM . A quiet closure will be had by all. IMO
Total false statements intended to confuse for sure
Facts: Majority of business from 4 clients. Other project clients in the past, and not under NDAs are the following. Not that they are getting services for free. That is absurd as is the back and forth
Shareholders do their own due diligence find it unreasonable that continuous naysayer strident, absolutist reading of every sentence happens every time on matters that are irrelevant . Regulators and Auditors and LTIs all understand and acknowledge the Company’s strategy and the results. Trying to infer and demand what is not required is a sham.
Then paragraphs of what should be which do not follow instructions. The intent of dialogue in the report text is to describe the nature of the consultancy product by indicating that the Company , at present, receives the majority of its income from 4 clients.
There are privacy issues and competitive advantage issues for the client among others.
The nitpicking is so nonsensical as it is not material. No one cares about the incessant carping.
What is important is the revenues are returning to previous 2018 revenues of $536,501 and described in filing and Update as as financial management of a consultancy.
This is not rocket science. As stated in the Update, most current clients are under NDA’s. DC is a consultancy with both longterm and project clients.
Clients can be ongoing , the four mentioned but not by names. The Creds Deck market info include only those not under NDAs and past-project clients.
Perfect example of nonsense. One piece at a time. Laughable
The Company provides info as required for filings
FYI- read Updates also. Management stated that the filings and Update are the public voice. The FD regulations so state.
Shareholders know.
As a portfolio investor I know BS when I hear and see it. FYI My portfolio far exceeds most because it is highly diversified and when I am unhappy would move on. That is what businesspeople. Nothing scares shareholders
I have complete faith in DBMM as do my fellow shareholders —they are the real deal. The management has heavy-duty relationships — the results of Company support is and will be documented as stated, one step at a time.
DBMM has worked very closely with regulators, auditors and provided documentation every step of the way.
Shareholders aren’t stupid nor are they scared
DBMM rocks.
Nonsense! Taking out of context audited and reviewed information contained in SEC filings and drawing incorrect conclusions.
Wrong, yet again.
Shareholders read filings and Updates which state DBMM Management has been taking instruction with OTCM executives since the 15c2-11 amendments were executed and DBMM Sponsor for FINRA application identified. The Company knows exactly what it is doing.
FYI Opinion same as before CE removed and that was totally wrong.
Facts essential .
Extraordinary stretch of nonsense!!
LTIs since 2017 to cure based on relationships of management . Portfolio investors are providing cash flow financing which they understand is mutually aspirational and they will help to get to NASDAQ. The loans are loans, read the filings.Today, LTIs own no equity. All the “if, maybe, could be” but no facts. NONE. FYI the market cap is one dimension of valuation which counters your statement. Never underestimate DBMM and its supporters.
Shareholders are enormously skeptical of the comments all around bankruptcy?? They know there are no coincidences.
Read the last 3 Updates. LTIs are here to stay , no amount of false info will change that . Not a bit of ever mention ???
The Company IMO is taking careful notice of misinformation wherever and whenever it appears, when the Update stated unequivocally otherwise. Need a link?
Watch the Dominion defamation case when statements are continuously made after being corrected as false.
Shareholders know.
Sorry from real shareholders, but not a “disaster “ pejorative and false as “good report” described in Update of April 13,2023.
Shareholders aren’t stupid.
LTIs obviously disagree mightily, standing on their $1.8million. They support strategy as in Update toward growth and new platforms, one step at a time.
Is disastrous like awesome?
Shareholders know the LTIs and DBMM Management have prevailed where other Companies have been bullied and failed. NASDAQ will follow the same process of one step at a time.
Those who prevail in the public sector have relationships and strategy. An understanding of legal positioning and financial statements is essential.
DBMM will do it every-time through growth, acquisition and NASDAQ.
DBMM rocks!
Certain House Congress, people are paid to behave in a certain way. Just like a few we know right MU ;)
Self interest predominates.
$DBMM
The same words were used in every win saying will never happen
Remember FINRA. First, it was said never filed, too long denied, and then broker application approved. Right hahaha
DBMM has followed OTCM instructions from the onset of identifying a broker, and each time it prevailed.
DBMM delivers every time
Next
The quote stated has nothing to do with DBMM nor did it come from DBMM.
DBMM had eliminated certain , some toxic lenders, via Settlement benefitting DBMM for far less then terms and face value. All to protect shareholders.
There will never be toxic lenders brought into DBMM as March 27th Update stated with a third-party risk assessment firm vetting any material investment. People/entities get PO’ed when they are outed and the self interest fronts who benefit can’t collect their nine pieces of silver.
Conflation irrelevant, but also false
DBMM is prevailing one step at a time. The Management has all stakeholders’ backs.
Shareholders know . All the above is out of context when documentation clear.
No bankruptcy, only LTIs . Toxic people surface , wonder who gave AT false information about bankruptcy?
What other Company with $1.8million in cashflow financing with no toxicity is asked about bankruptcy?
The Company is watching .
DBMM rocks.
Shareholders do their own due diligence as do LTIs. The digital industry has a unique set of investment parameters. One size does not fit all.
Opinions which are always perjorative are seldom valid as they are not repeated ad nauseum.
Shareholders know how to read Financial Statements —they focus on progress, particularly when the Company took the time to explain some of the paper losses that simply do not matter.
DBMM hard at work on win # 10 and win # 11.
Knowing how to read Financial Statements is essential. Trying to find one-off Gotcha moments when there is no understanding of line item is not productive.
FACT:
Accumulated deficit is a paper loss and has nothing to do with debt.
Shareholders know that there is only one audited SEC report annually, the 10-K, filed 90 days after the end of the fiscal year. That is Nov 30th.
The 10-Q’s are quarterly reviews required 45days after the end of each quarter.
How in the world is this not known? It is the most basic of reporting requirements.
The misinformation never stops
$DBMM
Shareholders know that this is 2023 and the filings give rudimentary numbers and meet the criteria established in the 1933-34 when the SEC reports established.
The Update explained some of the more arcane provisions as it applies to DBMM.
None of the digital industry operates the way described. Debt prevails with revenues going back into company until a certain TBD point in growth cycle. DBMM had to jump some hurdles that were unexpected external “mitigating circumstances “ acknowledged by regulators all.
Cashflow financing will jumpstart growth and cocoon the Company. That is the way it is done. No looking back, the future is happening.
Shareholders aren’t stupid and DBMM delivers results one step at a time.
LTIs are here too and aren’t going anywhere while collaborating with DBMM on its way to NASDAQ, one step at a time. That’s how 9 wins result thus far and many more to come.
Shareholders know DBMM is the real deal and working on win #10 and win #11
Sorry have no idea the reference. Link please?
IMO, The Company knows exactly what it is doing
Simply inaccurate
DBMM is in the digital industry and the Company went through a series of mitigating circumstances , acknowledged with a Dismissal, climbed back from that, and in the midst identified Long-Term Investors who are supporting the Company to get it to NASDAQ. Incredible series of wins in the midst of hurdles others have failed on one, never mind all, of them.
Any digital company show these kinds of results until they grow to a certain TBD point. Reference point. Revenues in 2018 $536,501 and growth from there
Try studying the Update and Corporate Finance 101 which explains Net Loss is a paper loss and means absolutely nothing. Described in Update and the references sited therein under Reduction in Aged Debt and Derivative Liabilities.
Shareholders know DBMM setting up for win # 10 and #11, just like they did for wins # 1-9.
SHAREHOLDER UPDATE – APRIL 13, 2023
Digital Brand Media & Marketing Group, Inc. (“The Company” and “DBMM”), and its brand, Digital Clarity (“DC”) is concurrently sharing its latest update with the SEC EDGAR filing for its 2Q2023 10-Q.
Following the last Shareholder Update on March 27, 2023, the Company’s management has been diligently conducting a number of initiatives, with ongoing financial management, and new business development, as part of its commitment for Best Practice underlying all filings.
This will be the company’s 15th timely SEC 10-K/10-Q filing since the Dismissal on November 12, 2019, by ALJ Carol Fox Foelak. As has been the case since then, the Dismissal remains the Standing Order. During the 2Q2023 period, the Company returned to normal trading, following the 15c2-11 application clearance by FINRA naming Glendale as the Company’s Market Maker which preceded the removal of the Caveat Emptor (“CE”) on December 20, 2022 by OTC Markets. Each major plateau established the Company’s firm foundation to return to normal business with the closure of the SEC Matter. The Company continues to ask patience of its shareholders. There is a plan and we are executing the plan which includes doing what is required to close the SEC Matter.
As shared in March 13th Update,
“The CE was subsequently removed following OTCM instructions, with an Uplisting next step following OTCM guidance and criteria.”
That process has served DBMM well and we will continue to do so. Patience also has served shareholders and the Company well.
When reviewing the aforementioned 2Q2023 10-Q filing, with emphasis on the MD&A, a few highlights and comments:
Revenues
– Improvement of 74% over same period 2022, and 27% for 6-month period.
– The Company sees a positive, demonstrated business outlook which will increase revenues based on the step-by-step approach implemented and shared in earlier Updates.
Reduction in Aged Debt
– Following strategy of removing one lender holding aged Convertible Debentures at a time via settlement, certain CDs have been canceled, along with interest and derivative liabilities, which have been removed in all relative portions of the Financial Statements. This quarter, 7.5 million shares were issued to remove the aged debt and the Lender permanently.
– Because the 2Q2023 had highly volatile pps, it is important to explain aspects of DL which are really in the weeds and were intended to illustrate a worst-case scenario for Convertible Debentures conversion, exacerbated by volatility in pps.
Derivative Liabilities
– In filing, read sections entitled “Derivative Liabilities,” “Fair Value of Financial Instruments” and “Convertible Instruments” (pgs 9-10). The reporting guidelines were established by the SEC in 1997, and were made more rigorous after the Enron debacle. DLs are required inclusions in 10-Ks and 10-Qs irrespective of whether they apply, as is the case with DBMM as a fully reporting company.
– DBMM is settling each aged Convertible Debenture to the benefit of the Company, so the terms of the CDs are irrelevant and canceled. Yet, the pps volatility still must be calculated and carried as a liability, which generates a paper loss until the liability is canceled.
– Ultimately, as CDs are settled and canceled, DBMM will have no DLs and the liability will be 0, instead of wildly fluctuating every quarter and negatively impacting the balance sheet, and generating a net loss which is nothing more than a paper loss which never materializes.
– DLs have been confusing in the past, so particularly in the 2Q when the pps had significant volatility, we wanted to define the requirement and explain why DBMM is an anomaly. The Company looks forward to all aged debt being extinguished as a priority, as it has since 2020. DBMM management has found this situation very frustrating and worthy of explanation.
Settlement of UK Rent Dispute
– The dispute was due to the UK lockdown restrictions caused by the global pandemic. The matter has been in negotiations over several months.
– As a subsequent event on April 1, 2023, the Company and the landlord reached a settlement. The Company benefitted from the agreement.
Dissolution of RTG Ventures (Europe) Limited
– A dormant DBMM subsidiary, RTGVE, was dissolved and removed from Companies House in February, 2023, and from DBMM, the holding company’s organization, coincidentally.
– This streamlines the structure for DBMM’s non-US activities through Stylar/Digital Clarity.
– Allows the removal of certain liabilities associated with RTGVE from the balance sheet in the 3Q2023.
The point of including these items in the Update is that the 10-Q is the Company’s public voice to discuss the Financial Statements as the Company’s evolving narrative.
The 2Q2023 was a good quarter starting with the CE being removed and progress in returning to earlier revenues and implementing the blueprint for growth while targeting an acquisition going forward.
Now turning from the financial and structural foundation for the business, a few comments on progress thus far.
Reggie James, the Founder and Managing Director of DC and the Chief Operating Officer of DBMM, said, “Digital Clarity, as the operating unit of DBMM, is dedicated to pursuing growth opportunities while increasing its financial position. The Company has a positive outlook for the future, driven by strong demand for its services, and once investment is executed it expects this growth to continue in the coming years.”
James added, “Even under strained global market conditions, Digital Clarity has been attending and receiving positive indications from medium to large companies who look to navigate their organizations through a changing and challenging digital landscape. As a consultancy, DC provides its clients with a competitive advantage.” As such, the Company continues its advisory services under NDAs.
The Company is also benefiting from the continued support of its long-term investors (LTIs). These investors are fully vetted and likeminded, and have a strong track record which speaks for itself and is documented in the financial statements since October 2017of supporting the Company. The Company has been assured that its investors have belief in its strategy and will continue to execute its growth strategy. Shareholders know that it is happening.
The Management suggests that all stakeholders reference the last two (2) Updates of March 13, 2023, and March 27, 2023, for specifics. It is particularly important to note that the cash flow financing support is now $1.8 million since the LTIs became investors beginning with the Cure in the late fall of 2017. It is also important to note that cash flow financing is used throughout the digital industry. It smooths growth and returns through increased revenues and pps.
Lastly, regarding external interference, those whose careers for years have been directed at false statements and misinformation are replete in the OTC. As shareholders are aware, the naysayers’ motives 24/7/365 are self-interest, monetized white noise. Ignore them as supporters and stakeholders know what has taken place to position the Company for success. Results are shared when they occur with no nonfactual hypotheticals.
DBMM has always been devoted to protecting its shareholders by building shareholder value, and the Management remains optimistic about the future for all its stakeholders. The delivery of the best future remains a work in progress, and we are on the journey together and have been proven to be stronger together. We look forward to the next step, and thank all our investors and supporters.
Linda Perry and Reggie James
DBMM Management
https://www.dbmmgroup.com/shareholder-update-april-13-2023/
Shareholders have opinions which vary, but some opinions are just that .The subjectively should be measured as the facts demonstrate otherwise.
Shareholders such as myself see another timely filing, improved revenues and various positive improvements to the Company’s balance sheet which has continued quarter on quarter.
The Company has successfully achieved 9 wins by working with regulators to move forward.
IMO the "naysayers" pattern of behavior has hoisted them by their own petard and outed.
Very one-sided to think it is merely a DBMM issue.
This kind of nonsense doesn’t surface except on OTC. A little civility goes a long way.
DBMM working on #10 and #11. My opinion .
Shareholders know that “Results are shared when they occur with no non-factual hypotheticals .”
As a portfolio investor, I move on
$DBMM
Shareholders know desperation. Those who are not US citizens and act outside the borders thinking they are beyond reach. They aren’t. Promoters are in plain sight and they have names with attempted manipulation. Shareholders know and regulators are watching.
The Management has excellent relationships with the regulators built with evidence and positive results step-by-step. The last Updates has indicated the Company way forward. Have included so is handy and remember is in public forum.
Nonsense
The Regulators are very clear. NSS are illegal. Company officers speak to shareholders in public filings.
Never should apply to false statements
It is illegal to NSS. The Regulators all, DOJ, SEC, FINRA all have their elimination an objective . Gary Gensler and others have given speeches on the subject. A Company has no way of knowing all the nefarious paths to illegal shares.
If it was easy to find and ferret them out as many are phantom, counterfeit or synthetic, the Regulators would do a clean sweep and make it part of their instructions and processes.
Shareholders know. Regulators are focused on negative promoters as they cover for NSS.
Shareholders know from actually reading Court Papers that the Kramers tried mightily to steal DBMM to acquire a non-US operating base via unauthorized PR which triggered the OIP.
The last loan was 11 years ago, and that and it’s predecessor was canceled via Settlement in DBMM’s favor.
Hardly a death spiral. Try and fast forward , program has move on .
Naked short sellers using "death spiral financing" Good read for $DBMM shareholders link below
https://knowledgepaysinterest.blogspot.com/2023/04/death-spiral-financing-and-gtii-how-to.html?m=1
Article explains the typical pattern of behavior by the Kramers in the OTC space. Yes, this article very much relates to $DBMM.
Shareholders know!
Thank you, Simba101, for sharing.
Complete and total BS and nonsense.
Just fictional misinformation day after day. I move on when a company is not meeting my expectations.
Citing (8) years ago
$DBMM
As stated in the last Update, there was no discussion, verbal or written with Avid Trader. Inferring positions which are blatant false statements is dishonest.
Nonsense. More conflation of timing and those are false statements and NO facts to support them.
IMO, as the Corporate Resolution stated in 2016, Convertible Debentures will never be used again by DBMM. For the eighth year, there have been none issued. Referencing old , past the Statute of Limitations, shares has no value.
The LTIs are relationship oriented portfolio investors who are in it to win it and have provided significant cashflow as is done for lots of other digital companies already in NASDAQ or aspirationally seeking that objective.
The LTIs are in it to win it.
Next
Caution that an unregistered, internet video with few followers (10k) is solely opinion with no facts. The underlying motivation is truly questionable. All paid by “others.” Shareholders know to be very careful. The regulators are very strident on the subject.
In the March 27th Update the extract is below is meaningful:
“The Company has a third-party , well known financial risk advisory firm that conducts due diligence of any funding under consideration. This is the advantage of Management’s relationships and reach in concert with LTIs. “
The LTIs documented support is audited and provided quarterly.
Of course everything in the post is total nonsense as there are no facts.
Hypothetical speculation for some fiction that isn’t even opinion, it is a silly what-if.
The Company has clearly stated there will be no CD conversions starting with its resolution in 2016 to date . No diversion in 7 years.
Shareholders find it nuts to weave tales which have no basis in facts.
LTIs are just that, not traders.
How much clearer can it be? Watch the filings and Updates, those are facts.