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Reread regulations as the fairy tale is people thinking they can call regulators on matters where no information is available to the public.
Fact: Form 211 is an application by a market maker to quote a Company’s stock and be the sponsoring market maker. The NDA is between the sponsoring company and the broker. The broker is the intermediary with FINRA. All is well.
There is no public information requirement and should not be. DBMM is following OTCMarkets instructions who deemed the Company Pink Current on Sept 28,2021. Company is in preparation to file their 10-K 2022 as stated in last Update.
All is going according to plan
CE coming down. This nonsense never happens on NASDAQ or NYSE, only on the OTC and shareholders know why.
Pay close attention to portfolio investors:
Key word in the Short Selling Market is Citadel. 2nd key word being Kramer.
Shareholders rest their case .
CE coming down soon.
$DBMM
Stay the course shareholders and stay strong and confident in your due diligence and again I repeat everything I mean everything is clear for all to see.
Very exciting times ahead for shareholders if you know you know and shareholders know.
$DBMM
DBMM has stated and confirmed by TA and expert regulator documents, there is no way to know where the NSS are hidden. If so, the regulators would require the easy fix. But the eventual short squeeze does surface the bad actors.
NSS exist. Go ask GT** as they have their case. Do not conflate with DBMM.
Shareholders Watch and wait.
$DBMM
Control for OTC reporting is deleted to OTC Markets through the amendments to the 15c2-11 enacted Sept 28, 2021. They have directed DBMM regarding removing the CE.
The Company has been sponsored by a premier broker who has applied to FINRA to be DBMM’s Market Maker. The SEC is not part of that process at all.
Show where there is any crossover from the CE icon in the regulations. Fact—link—truth.
Shareholders have done their Due Diligence. All is very very clear to us shareholders exciting times ahead
CE coming down. No doubt, and soon
Shareholders know better than the erroneous speculation regarding no facts.
Contact GTII regarding their motivations. All their financing came from the Kramers.
Patterns of behavior repeat themselves.
Be clear, IMO, DBMM will never state anything about NSS as they have no way of knowing. Speculation by others is not facts.
$DBMM
SEC Chair Gary Gensler Interview By Jon Stewart
https://cooleypubco.com/2022/10/14/jon-stewart-gary-gensler/
$DBMM
Once again, the Judge did not say she didn’t know “how much longer the Company could continue.“ Complete misstatement.
Just as accurate as every aspect of the Dismissal, in acknowledging the mitigating circumstances ALJ Foelak indicated there would be challenges, just like the pro forma “Going Concern,” in the filings. The Dismissal was impeccably structured. The Dismissal was sound.
The Company has been transparent in the challenges starting with the reaudit and the enormous amount of money spent to meet the mandated SEC reaudits and subsequent litigation. Waste of money for Company and taxpayers, but nevertheless behind the Company as done. Only a wish that money could have been directed at growing the Company instead!
So growth delayed until CE comes down and LTIs there to support the way forward.
Well done DBMM!
Shareholders who do their due diligence know the truth as I have. Also just saying I’m a Portfolio Investor and Companies I am no longer interested in, I walk away
Oh and The CE is coming down soon and all will be perfectly clear. Stay tuned.
LET'S GO $DBMM
10-K in preparation and previous filings included Market Maker application. That is in process and all the rest is just speculation.
More misinformation. And shareholders know the truth
$DBMM
OTC Markets delegated oversight and authority for OTC reporting and trading.
CE coming down.
Blah—blah—blah. Same old nonsense over and over again
$DBMM
Patil, nor any other ALJ has anything to do with, nor impacts, any current case but assigned case .
Accurate facts NO misinformation shareholders know
CE coming down.
$DBMM
“Patil has say in case going forward..”
Absolutely false. More misinformation.
Clarification: The case was reassigned to ALJ Carol Fox Foelak. This was not any kind of temporary arrangement, with which the Company would have to agree, it was a Case Reassignment.
Important to understand SEC rules and regulations, and court procedural requirements.
One ALJudge for each case. Other AL judges do not opine on others cases.
Simply never happens
"The first Judge revoked based on evidence..”
Bulletin, Bulletin
“She (ALJ Foelak) dismissed the Proceedings…”
And the delayed filings case/ OIP is called an “Administrative Proceedings “ thus she dismissed the entire case “by definition. The link is even preceded by “AP/apdocuments.”
Her comments regarding the business future in context of the mitigating circumstances , is that it would be facing challenges which is the normal OTC going concern comment. No biggie.
Enforcement overreach should be sanctioned once and for all instead of wasting time , money and resources of all parties. They have been sanctioned by the Commission many times on the record.
Case closed. Case won.
The concept of derivative acquisition purchasing is for a sophisticated portfolio investor, who is betting on a long term value of the Company, not a point in time which locked in a lower price point. Tax implications and all.
The purchase was via preferred shares. Not cash. The intention is for the dollar equivalent to be a start point, best for the shareholder.
Keep in mind, the net purchase price was a -12 month audited net profit x4 .
Keep that in mind shareholders. Net profit without any capital infusion purchased the asset for the shareholders. The Founder believed in the future outlook and took his majority ownership in preferred shares.
Mitigating circumstances occurred and almost cleared with CE coming down . DBMM ready to fly. No wonder LTIs like the management and the outlook.
Exciting times ahead.
Throwing 2, 000 companies off a trading platform while proclaiming DBMM Pink Current is a clear signal there is a new sheriff in town!
CE coming down.
Wrong again and not accurate, out of context. Not your facts— you said $30k inferring no value. Blah—blah—blah.
And wrong again there is embedded valuation far in excess of 10 years ago. Fair Value Valuation and Creative Financing is in good hands,with a NASDAQ goal.
Taking purchase in preferred shares is not fixed price, but that is a blue chip way of valuation. Silly
Reggie betting on upside. That is what is wrong with OTC. Much too short term. That is not LTI , as the growth and potential additional acquisition.
All good for DBMM. CE coming down and pps going up.
Wrong on every number.
The most significant fact is for each shareholder to do their own due diligence.
Choosing those out-of-context numbers is ludicrous. Particularly when your first data point to infer valuation was approx $31,000– and that was the amortized disclosure number.
The asset value of the purchase was $995,500
Remember my last post? The deal began in 2010 and was concluded in 2012. The purchase price was a derivative calculation , based on 4x net profit of $57,902 or $231,608, payable in Preferred Shares.
Read Filings and Updates .
The reverse is the only truth. Much has occurred since 15c2-11 regulations were Amended and implemented on Sept 282021, when all responsibility for OTC reporting oversight was delegated to OTC Markets. Full stop.
Think about it, OTC Markets threw over 2,000 off the trading platform. The rules changed dramatically.
Therefore, once the new Market Maker Form 211 application to Finra completes its process , the way forward will be obvious and clear. The CE comes down and the way forward is cleared.
The whole OTC Market alignment has changed its delegation of authority. The key player for OTC Matters is OTC Markets.
$DBMM
Each Shareholder is encouraged to do their own DD as I have said many times . The post is a perfect example of why.
The acquisition of the Digital Clarity brand took place between 2010 when it began and 2012 when it was completed.
This kind of ‘extract' is one aspect focused on intangible customer relationships and is highly misleading. It is not the basis of the transaction , it is mentioned at “…30,671 deemed Non-Contractual …amortized over life of asset of 5 years.” Only amortized asset is reason for highlighting as PCAOB requires .
More importantly is the total asset deal
“ for Stylar Limited…The estimated fair values of the assets …at the date of acquisition… is $995,500. “
Filings and Updates are the sources.
And everything stated by Reggie James about Digital Clarity remains accurate.
Amidst the ongoing Asher litigation and completion of the reaudit, the decision was made never to use Convertible Debenture financing again. A series of unnecessary hurdles faced DBMM which the Company subsequently met. Last one is CE coming down and pps going up. Growth and acquisition target to follow.
Hurdles are now yesterday’s news—Full stop.
$DBMM
The sentence is clear. A public company’s closing documents for each acquisition are prescribed, including financial line items. Acquisition documents required by the SEC and PCAOB for assets are audited before being included in filings.
Such was the case with Digital Clarity’s embedded intangible intellectual property.
$DBMM
Now you agree the acquisition documents continue the $1million embedded intellectual property ?
Any info included in acquisition financials is fully audited according to SEC and PCAOB guidelines. That means they exist as described. I get my information from the filings as that is what is available to the public and required by the regulators.
Any speculation is irrelevant and another example of misinformation.
$DBMM
For the zillionth time, read the acquisition filings . Each shareholder should do their own DD.
Digital Clarity had $1million in embedded intellectual property and intangible assets. Full stop.
$DBMM
Digital Clarity Acquisition took place 2011-2012 . Hardly “a scam.”
Digital Clarity , a cash flow positive private company, with $1million in embedded intellectual property as contained in acquisition documents.
Lots of people made lots of money trading on every tick. They know who they are.
$DBMM
DBMM is following directions of OTC Markets regarding the removal of the CE. DBMM was always a fully reporting company.
Just for clarification: alternative reporting is not an option for DBMM as it already a fully reporting company, and already Pink Current.
Alternative Reporting is not for fully reporting companies. It is for a very limited public company and many provisions available to a fully reporting company are not available for limited companies.
$DBMM
There is no validity to claiming “proceedings” and “mistrial” mean anything in Administrative Proceedings.
Delayed filings are neither civil nor criminal actions. They are a separate line items . There is no such thing as a “mistrial.”
What remains is judicial discretion by the Judge.
There has never been a PFR on a Dismissal ever.
It was overreach by the 4th First Chair who has some vendetta issues as they did not follow SEC Rules & Regulations regarding Corp Fin, nor did they even read the EDGAR review closure filing.
The Dismissal was sound and is egg on DOE , a division who has overreached before and been cited for it.
All will be clear after FINRA Form 211 concluded and new market maker named.
$DBMM
“ It is a formality…”
Settlement Date June 18, 2018.
Entire case summarized in Company’s 2018 10-K under Legal Proceedings, available in EdGAR.
“The fact that settlement was cash proved…”
None of the shares due to Asher under terms of the 2 Notes outstanding were ever allowed to be converted once they filed a litigation because they couldn’t convert. Reaudit immediately caused non-compliance. The terms were cancelled and the notes were settled in cash on June , 2018 at a large discount, and litigation settled.
The entire transaction summarized in the 2018 10-K under Legal Proceedings .
They received no shares from DBMM after 2012, nor was anyone barred from buying or selling in public market .
Look at year 2014, that was year Asher litigation was filed as DBMM was reauditing because their auditor was sanctioned,
Then 2017 when they filed unauthorized press release.
There are no coincidences in life, are they?
Read the 11 pages about GT**. $DBMM is also cited on the second page. Evidence is evidence after all. The commonalities are the same and Pandora’s box has been opened.
The Company facts are transparent and no amount of unstoppable opinion will stop the CE from coming down. LET'S GO $DBMM.
Shareholders who read filings know that the Company have portfolio investors who are LTI’s and prove it every quarter. They believe in the Company outlook and it’s leadership , proven by the mitigating circumstances already overcome.
Now conflation with Ponzi schemers? Now that is silly. There has never been a scintilla of question about DBMM’s financials -never. At your peril as shareholders know what they know.
For some to suggest otherwise is beyond laughable and facts have proven otherwise. Even the ALJ agreed and Dismissed the matter.
False information without facts is useless.
All shareholders should read this article/Google doc. This is strong evidence and obviously proof of Kramer and the network of companies they control Geneva Roth, Power Up Lending, Asher, Sixth Street Lending and others all Kramer companies. They short stock regularly DBMM listed as target company for shorting.
https://drive.google.com/file/d/1PczqW4OAYorVLxN4w3eMhw9ZHGXq4E3p/view?usp=drivesdk
Thank you Simba101 for sharing.
$DBMM
Perfect example of why companies cannot use celebrity sponsors — SEC steps in and both are damaged.
Due diligence is essential
Kim Kardashian charged by SEC, agrees to pay $1.3 million fine
https://www.cnn.com/2022/10/03/investing/kim-kardashian-sec-fine/index.html
$DBMM
Shareholders know that the predecessor Company PR is over 10 years old. This is more nonsense.
No one cares, it also took place . In digital technology is very much yesterday’s news.
Total nonsense.
The CE is coming down soon and all will be perfectly clear. Stay tuned LET'S GO $DBMM
The Company, is continuing to prove its resilience quarter to quarter and the strategy and model going forward. The support from LTI’s is invaluable , as the Company and its investors are like-minded as described in Updates and verified every quarter.
$DBMM