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It really is time to join the 21st century, The DOJ, SEC and FBI are leading the charge on stocks manipulation and Short Selling, including NSS, from the top of the pyramid.
Just this year, effective Sept 28th, the SEC amended the 15c2-11 regs and delegated the OTC requirement for public information, transparency and timely filings to OTC Markets.
IMO, there will be other authorities and enforcement delegated to OTC Markets. It was on Sept 28th that it was publicly acknowledged and published on DBMM’s OTC Markets site that DBMM was Pink Current. Even though DBMM has filed timely since Mid-2018 validated in EDGAR, the regulation change documented it publicly. In order to have the CE removed, the 15c2-11 material was released to the sponsoring broker , who clears with FINRA as the icon is solely the purview of OTC Markets.
The future is the important path and the past is not a predictor as there are very obvious changes coming. To ignore them, or say the trading environment has nothing to do with DBMM, is false.
All of we shareholders should stay tuned and share information with each other so we are on the same page.
Using the RICO Act which heretofore has been used for organized crime and racketeering. Using the premise of a network of companies to engage in illegal business, the NSS’ers fit nicely.
This is definitely a stay tuned situation . RICO has real teeth and a wide reach. At one’s peril…
US prosecutors explore racketeering charges in short-seller probe
https://www.cnn.com/2022/02/20/business/racketeering-charges-short-seller/index.html
Interesting that “In defense of CK” is new
Few comments
- unregistered share sales perpetrators , illegal activities, would have the means, motive and opportunity for NSS. It is proven and factual.
-details regarding CK and various companies owned were spot on…And GTII actions also real.
-Not dark web, out there on google, and no one has taken it down. Why target CK and the web of companies
-it is a data point
-The US is full of crazy conspiracy theories , most are false, but some are true.
Will definitely stay tuned and eyes open.
IMO, The leap is short , no pun intended, to trading unregistered shares, to NSS.
Unequivocal statements without facts, are just invalid opinions.
https://stopnakedshortselling.org/2021/03/tip-a-naked-short-selling-death-spiral-lending-group-exposed-and-trapped-by-a-public-company-gtii-this-firm/
facts are essential .
The Great Recession caused NYSE companies to borrow from “new” funders, eg Citibank reached out to Abu Dhabi to shore up or loan to it during the Great Recession. There was no money available for lending in the US and even Citi sought alternatives. See Link.
https://www.nytimes.com/2007/11/28/business/worldbusiness/28invest.html
Curt Kramer has a network of companies—see Note on bottom of VNUE release. Geneva Roth is one of them as is his newest following Power Up Lending called Sixth Street Capital (or something like that trying to confuse investors as there is a very reputable company by the same name)
https://stopnakedshortselling.org/2021/03/tip-a-naked-short-selling-death-spiral-lending-group-exposed-and-trapped-by-a-public-company-gtii-this-firm/
Facts:
The comments about “everyone knew” is wrong. They were hard lenders, but a Great Recession took the NYSE down to a Dow of under 7,000. No one could raise money.
The first sanction for CK to be publicized was Mazuma in Nov 2013. DBMM ‘s last 2 loans were in previous year.
Bad facts on short selling. See recent link on VNUE.
https://www.lawcommentary.com/articles/echoing-recent-sec-actions-in-similar-suits-music-tech-public-company-vnue-inc-sues-power-up-lending-group-ltd-curt-kramer-in-toxic-lender-lawsuit
Facts
Once again wrong premise. Read the Court Papers.
The turnover motion from Asher was not for DBMM, it was for the 100% owned UK subsidiary.
The shell model doesn’t work, read the regs, the funding CK does.
DC was perfect overseas platform , but he couldn’t get it done.
A US-public subsidiary operating and registered in London, manna from heaven.
Facts are irrefutable
CK would have taken the Company in a milli-second, operated offshore and made tens of millions violating Section 5–but outside the US. He only did Motion to takeover Digital Clarity. That end run worth a fortune. Because he couldn’t .
The settlement was done because there was no order to do anything else.
The results speak for themselves. DBMM paid less, removed a distraction and protected shareholders .
Read the filings under Legal Proceedings and the Litigation files because this the difference between Federal and Civil IS jurisdiction.
1. Asher was precluded by Consent Decree from going after securities in companies or subsidiaries as Ordered. Links were in early morning post in plain English.
2. DBMM paid a negotiated settlement. DBMM paid 1/3 less than the judgment and the 2 loans outstanding . On its terms which protected shareholders
3.DBMM in SEC documentation clearly stated that Asher knew about reaudit, and litigation was to steal the Company, but DBMM previously stated it intended to pay the notes after filing Super 10-k (May 32,2018) . Settlement filed June 18, 2018.
4. That is why DBMM chose to close the matter on its terms and put them on notice at the same time.
5. Do research. Shares/Company subsidiary could not be ordered turned over when a Consent Decree has been signed by SEC and registered as Federal. The Civil Court had no jurisdiction in the circumstance.
A technical withdrawal of an order the judge had no authority to order in the circumstance.
Facts correction.
Asher litigation was civil. Judge was civil and cannot opine or rule on Section 5 violations . Federal Court always trumps Civil Court. Consent Decrees are Federal sanction.
Asher was required to disclose a Federal Consent Decree by law. They tried to end run . The dates of CD and Motion to turnover were 2 days apart, in a Federal
Court that can be fraud under sec 5. The Civil Judge’s Order had no jurisdiction.
Therefore, DBMM controlled the settlement and paid 1/3 less than the judgment which had no interest in the base case. DBMM protected shareholders and prevailed.
Important links below to read regarding Cease and desist orders which are a disqualifier under the Bad Actors Act.
https://www.natlawreview.com/article/bad-actor-rule-sec-and-dodd-frank-act?amp
https://www.sec.gov/info/smallbus/secg/bad-actor-small-entity-compliance-guide.htm#part3
Knowledge of securities laws and the nomenclature is essential to understanding the world of public companies. The term ‘bad actor’ was coined by the SEC and used regularly as securities descriptors.
See the Bad Actor Disqualification Act of 2019 as well as there earlier regulations in place used by FINRA for Asher and others. The bad actors are named.
DBMM has never had a scintilla of problem with its financial statements nor any questions from any regulators. Delayed filings were acknowledged mitigating circumstances. regarding pivoting its business
The business of DBMM began with the acquisition of Digital Clarity. Changing the name of a company is very different from organizing new companies into a network of companies.
Did you forget the reaudit which cost the Company a documented $150,000+ which could have been reinvested into the Company for growth?
Spot on anyone receiving a “Cease and Desist” Order from the SEC is classified as a bad actor.
IMO, Because they were precluded from US business. DBMM owned 100% of a UK private company acquired and registered in the UK. That would give Asher a platform to operate outside the US. They could trade and operate outside the US.
There are no coincidences , and the Motion to steal DBMM was within 2days of signing Consent Decree, they thought DBMM would never find out, and they would have an end run.
DBMM caught them and once they filed the Super 10-K , they settled the next month or had standing after the 10-k to take them into Federal Court on Sec 5 violations.
DBMM settled and Asher disappeared. Followed by Power Up Lending and now something called Sixth Street Capital —a close name to an actual reputable firm so people who think it was them.
Bad actors never go away, they just change their name!
Bold type or capital letters do not make non-documented , this speculation, accurate.
Read the Hope Capital Case and attached Consent Decree link below from Oct 28, 2016. Curt Kramer was guilty of not disclosing to the Civil Court, when he filed a Motion to steal DBMM. He had the audacity to file that Motion within 2 days of the Consent Decree. All in Court Files and public info.
Why did Asher settle for so much less than judgment, if DBMM threatened to take them to Federal Court for fraud? Settlement was on DBMM’s terms, Full Stop.
See paragraph 2 under Undertakings.
https://www.sec.gov/litigation/admin/2016/33-10239.pdf
Motion to steal DBMM 10/26/16.
https://www.sec.gov/litigation/admin/2016/33-10239-s.pdf
But it never happened for the zillionth time. This from Jan 2017, that you know was ultimately withdrawn by the civil judge as the
Federal Court had higher authority.
Curt Kramer and Asher were no.allowed to take shares in a public company or its subsidiaries through a Consent Decree . Hope Capital case and attached Court Order was Oct 28, 2016.
The whole case was finally settled on DBMM’s terms on June 18,2018 . All documented in DBMM Legal Proceedings in 2018 All documented in DBMM Legal Proceedings in 2018 10-K.
I am here because after much reading of public information about DBMM, I like the proposition and frankly their grit to push through some tough travails. So, I’m all in and look forward to buying in US public market very soon.
Have no idea where your “quote” came from, but not from 10-k financial statements . There is no mezzanine financing. Full stop.
The key here is “deferred “ and perhaps may be a different spin as a descriptor. Creative corporate financing can be complicated, but must be included in financial statements in plain English. DBMM has never had a question or issue on its financial disclosure.
That is why a Company has accountants and lawyers and why public companies have annual audits. My experience is Companies consider many options , and none of them are anything but choices. IMO, choices are alternatives, and the more the better.
Also IMO, DBMM is acting in the shareholder’s best interests and is focusing all their efforts in compliance going forward, no Convertible Debentures and debt restructuring and elimination , case by case, CE removal, growth and no distractions.
History was provided to the SEC and the lost financing because of the audit , cited in Court Papers
Read the filings. There is no mezzanine financing in place, none.
Old citations in MD&A simply are allowed opinion and superseded by later actions. Comments not executed are irrelevant .
There are unsecured loans, many at no interest. That is fact in financial statements and notes.
Last 10-k is 2021 and financial statements supersede all previous.
Not gone— check network of companies , Asher only one of many Kramer network companies. Followed by Power Up Lending , recently Sixth Street Capital or some derivation of a respectable financial company hoping people would be confused. In existence today….
Naïveté is not a virtue in the investment world.
It is particularly troublesome to cherry-pick one work in the historical narrative and carry it forward as if it still is in effect or ever was, when other events have superseded. Read the filings, revisionist history not allowed. Only facts.
Fact and documented:
-Mezzanine is history. It was to be the case pre -reaudit but rescinded because of reaudit and concurrent litigation. NEVER HAPPENED.
-Instead , Company damaged as it took extensive time to identify the right long term investors amidst the multiple distractions.
-instead , family wealth management offices identified who like the business of digital marketing and transformation. Underline, long term to be part of a growing industry and are in it as long term investors.
These are the norm in many NASDAQ and certainly NYSE investors who are personal relationships at the onset and are not traders. They hold their investments for the long term and will help the growth along the way. Everyone benefits.
Corporate finance is both creative and meets the situation as anticipated, particularly after meeting each and every distraction.
They wait, and support along the way, and everybody wins on the road to NASDAQ.
No mezzanine, that was yesterday and foregone by reaudit, now simple unsecured loans, with milestones , is the way forward. IMO, all boxes being checked. CE Down, business up, market up. All good.
Stay tuned.
Read the filings. If they were collateralized that information would be stated in the filings. Digital Companies do not use old, manufacturing models.
The loans are “unsecured” as these are long-term investors who want the business of digital marketing and transformation to be undistracted. Post-removal of CE many, many like-minded new investors will be buying in the public market. Opening up the US with organic business growth and acquisitions is what the LT investors will support executing on the road to NASDAQ . The LT investors are formidable and 21st century motivated.
Stay tuned.
DBMM is a fully reporting Company. It is inappropriate for any family or wealth management offices to be named in public as their privacy would be breached. They do not want to be harassed or solicited .
All documentation, however, was provided under confidential cover to the SEC in Feb 2018 as stated in Judge Patil’s Order of Confidentiality for all bank statements and funding of the cure and compliance going forward.
All relationships are reported and audited.
Shake off the rear view mirror, Asher out of business . No convertible debentures since 2015, and none in the future. Renegotiated debt with interest waived, with more to come.
New significant long term investors identified and on the same page on road to NASDAQ.
CE removal next step and very much happening.
Stay tuned.
For the zillionth time and documented for the Court under Confidential Cover and stated in MF papers:
-Asher loans worked fine during Great Recession (what it was referred to publicly during the period), 8 times until the reaudit mandate.
-the 2 outstanding caught in reaudit
-mezzanine agreed post-acquisition financing coincident with filing 10-k , due and ready to be filed 2 weeks after reaudit mandate slammed. Instantly non-compliant. Mezzanine rescinded because could not file requisite 10-k and non-compliance.
-Court had all mezzanine documentation following SCOTUS remand in Feb 2018.
All documented.
Once again a false equivalency. DBMM was not an operating private company who decided to go public. It pivoted the business to its current digital technology and marketing model with an acquisition of a private company, Digital Clarity, finalized in 2012. DC was leader profitable and valued its intellectual property as shown in 10k .
In 2013 mandated reaudit, immediately non-compliant before 3 years of audit, litigation 2014.
So the distractions began . There is no equivalency is your scenario. My Amazon example was to illustrate the digital model—As another dimension if Amazon was manufacturing model would have been paying years and years of dividends.
Even for a behemoth like Amazon, fast forward to 2021 in which Amazon would have generated a $1.8billion loss in 4Q 2021z
The absolutes are out of context and not indicative of success without a narrative. DBMM has long-term investors who want NASDAQ without distractions—all the rest is noise.
Further data point to illustrate the difference in the digital model,
-no dividends, invest back in business
- Profit margin comparison using 2021 data
Amazon: 7.1%
Walmart: 24.3%
Absolutes are just that.
I say stay tuned.
Revisionist history is always exclusionary. The plan 10-years ago began with the acquisition of Digital Clarity, completed 9 years ago.
The year following 2-weeks preceding filing the 10-k and receiving mezzanine financing, the SEC reaudit mandate was received.
And then we have litigation, and finally a pandemic, and you want to know why there is not profit shown? Which is not the digital model of putting revenues back into the business ? The manufacturing model has been modified considerably. It is a new world.
How do you think Amazon pays no federal taxes. They did not even show a profit until its 8th year and it was miniscuile then.
Using the energy it has taken to deal with all these years of distractions , and direct them to an unfettered landscape, and the Company is on its way to NASDAQ, once the icon CE is removed by OTC Markets.
Also note, only late filings ever . Never a scintilla of issue about any financial statements or management decisions—ever. I have read all the Court papers and all the filings and I’m here to stay—just waiting for CE to be removed by the OTC . Already Pink Current . So very ready to trade and watch the Company grow.
Stay tuned.
I look forward to DBMM’s proven tenacity and using pre-pandemic
proven revenues of $500k to growth despite the distractions. Read the MD&A
The acquisition of Digital Clarity was prudent and the basis for additional
acquisitions and organic growth supported by long term investors and renegotiated debt.
This is the 21st century and using manufacturing models rather than digital models is short-sighted IMO.
The future is directed to growth and more industry awards .
Stay tuned.
IMO it is very encouraging that participants on the DBMM board are sharing the transformation the new SEC Chair, Gary Gensler envisions for the stockmarket as a whole, and specifically, exchange by exchange. The transparency and trade reporting regulations reform suggest there will be no place to hide.
Given that DBMM has been tenacious in raising issues like the lack of due process and the reaudit mandate requirement for sanctions on an Auditor requiring all clients to reaudit 3 years, though no fault of a Company . That action destroys most companies or does severe damage as is the case with DBMM. And the costs in time and resources are prohibitive and egregious. That does not protect shareholders .
Given Gensler’s stated current mission, leadership and actions are in the public info sector and should be discussed as the evolving market environment is important to all of us and the sharing should continue and we will all be on the same page.
Then no misinformation, just forward looking facts.
IMO it is very encouraging that participants on the DBMM board are sharing the transformation the new SEC Chair, Gary Gensler envisions for the stockmarket as a whole, and specifically, exchange by exchange. The transparency and trade reporting regulations reform suggest there will be no place to hide.
Given that DBMM has been tenacious in raising issues like the lack of due process and the reaudit mandate requirement for sanctions on an Auditor requiring all clients to reaudit 3 years, though no fault of a Company . That action destroys most companies or does severe damage as is the case with DBMM. And the costs in time and resources are prohibitive and egregious. That does not protect shareholders .
Given Gensler’s stated current mission, leadership and actions are in the public info sector and should be discussed as the evolving market environment is important to all of us and the sharing should continue and we will all be on the same page.
Then no misinformation, just forward looking facts.
Gary Gensler wants the publics 'trust' back to the stock market. Good read below.
https://www.marketwatch.com/story/gary-gensler-wants-to-bring-the-publics-trust-back-to-the-stock-market-and-even-to-crypto-11645115940
IMO , again if as stated in 10-k, Reggie James , is the Chief Operating Officer and a Director of DBMM and has just the kind of meetings described. That is how the Company had revenues around $500K pre-pandemic.
Development of the long-term investors and the capital funding requirements is LP focus. The Dismissal from Judge Foelak was a successful conclusion to a series of militating circumstances generated by a reaudit of 3-years .
They are a management team and their relationships will serve DBMM well as the Company finally is able to move forward in a growth mode post -distractions, and most recently the pandemic which locked down the UK as described in the MD&A for 2021.
Stay tuned.
More misinformation.
Read the Court Papers. The reaudit threw DBMM into non-compliance on 2 notes. What was missed or ignored—was there were a series of notes with the same party successfully completed—8 of them—before the reaudit. The issue was the reaudit of 3 years, or DBMM would have filed their prepared 10-k and all would have been normal .
What was missed is DBMM used Asher during the Great Recession as there was no financing available without any problems. As the papers indicated even Citibank went to Dubai to raise capital during the same period, because they could not raise money in US.
For those who want facts, read company filings and particularly the MD&A in each 10-k filed in EDGAR. Misinformation has been going on for many years.
Documented: The Company chose to acquire Digital Brand, when the predecessor merger company under review did not meet the Conditions of Closing .However, FACT: the candidate merger company never received one share, and certain of their Capital binding deal was allowed to be retained —several hundred thousand and was a Contribution to DBMM Capital. A well chosen decision.
Find one other company on the OTC that has stated no Convertible Debentures issued since 2015, and has renegotiated debt and continues to do so. All this under the yoke of reaudits, litigation —none of which were fault of Company and those mitigating circumstances caused late filings. All unnecessary distractions.
False assertions have been made on the following, however, there is a copy and paste feature that enables them to reaffirm their position
-revocation
-never trade out of Expert Market
-never be called current
-it goes on and on
Misinformation
The Icon CE is not integrated with the SEC. It is neither included in any regulations , nor is it a requirement.
It is an aspect of the for-profit company OTC Markets. As the Company Updates have indicated, DBMM is taking its direction and specific instructions from the management of OTC Markets. Filing a 15c2-11 by a broker and clearance by FINRA removes the icon. There is no further caveat.
It is misinformation to infer otherwise. DBMM is PINK CURRENT, full stop. 15c2-11 next box to check and in process.
Gary Gensler and DOJ to issue subpoenas to big banks and hedge funds regarding block trades link below.
https://www.foxbusiness.com/markets/regulators-probe-block-trading-at-morgan-stanley-goldman-other-wall-street-firms
Robare is a cease and desist appeal case, a very different case from late filings.
Late filings for acknowledged for mitigating circumstances is a complete waste of taxpayers' money and a due process matter.
FYI-there is an Inspector General in the SEC if there is prosecutorial misconduct. Read the last brief in April of last year. Zeal should be applied to Wells Notice cases, cease and desist cases and varieties of fraud as even yesterday’s blockchain $100million case, the defendants are allowed to not admit anything, “neither guilty nor innocent,” but willing to pay $100million.
https://www.natlawreview.com/article/robare-ruling-regarding-may-disclosures-and-willfulness?amp
Also Very interesting ... https://thehill.com/policy/finance/594145-crypto-firm-blockfi-settles-with-sec-states-for-100m-over-lending-business