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Upside to this price decline is, the news junkies may get it sooner rather than later.
DBMM needs to stay above .01 if they are going to uplist.
The decline might force news.
The decision being made, had nothing to do with the post, only the review of the decision.
It should be common knowledge by now that the decision is the only standing order in DBMM's case. DOE only submits recommended actions. ALJ decides if the recommendations are appropriate and modifies them accordingly if necessary.
Commission can come in after the decision and create a review of the decision. They can decide the initial decision stands, modify it or have a retrial.
If it helps, I agree there were likely mitigating factors that caused for delays.
Please reread what was written.
I did not make comment on what was green, because it is accurate and pasted from the decision.
My comment was regarding the red statement and why it was not accurate per commissions rules on review.
Nothing misconstrued, and the posters are irrelevant. The facts are relevant to DBMM's case. None of that was opinion. It is clearly stated in the rules regarding decisions and their review process.
Please reread my post as this response has zero to do with what was said in regards to the post I was commenting on.
As UMR continues to be rolled out, it will undoubtedly put pressure on the smaller brokers. Even if they don't fall under the regulations.
As above, as below.
There is provable sentiment in the markets that margin call plays are going to be increasingly targeted by investors.
DBMM is in a good position to benefit from this.
Merger with a private company that already would m the qualifications for an IPO or with a barely compliant existing NASDAQ company are the only quick entrance. Later being probably the most likely.
"Nasdaq is a lofty goal , with a few avenues to get dbmm there.
I have to think with man mentions of it dbmm may have something I’m store to get is there faster than we may expect!
As we know there are other means to get to nasdaq aside from organic growth, ie merger. With the LTIs in place, merger , acquisition etc this could expedite the process greatly !!!"
This is not accurate. Review happens when an affected party requests a review or the commission decides on their own to review a decision.
In addition, in her decision, it clearly stated she recognized the noncompliance regarding the filings. But as an appointed judge she has the obligation as does the commission to rule in the best interests of shareholders. That is clearly stated in the regulations. These hearings are strictly designed for parties to put forth "extenuating circumstances" or errors in DOE recommendations. I can't see how the commission could have a vote of no confidence. As I said before, only reason DBMM is here today is they fought. Almost all others do not.
"She is a judge. Obviously no "expert" because she ruled directly against written regulation and solidly set precedent. This is the VERY REASON WHY her ruling is under review and will likely be either modified or overturned."
Correct. I can't see any reason for it not to be approved, based on available information.
It's about time now in my opinion.
This is accurate at this point.
"It’s easy to expect everything yesterday, but dbmm has done everything it has said it would deliver!!!"
The review process doesn't have a time limit, as it can go back and ask DBMM for clarification or additional information at their discretion. So really depends on that and how prepared DBMM is to provide the information quickly.
I do believe DBMM will follow through with news and requirements as available or necessary. They have everything to lose by not doing so.
NASDAQ is a considerably longer and more involved process. It is years away, if ever.
To your point, the 30 days regards the share price having been above .01
Section 1.4 explains the requirements. But this document is what DBMM is going through to get up listed.
https://www.otcmarkets.com/files/OTCQB_Standards.pdf
I agree but think it's a calculated decision.
The best thing DBMM has going for it is tickers like GNS. Those who missed that play are going to FOMO into anything remotely similar.
Greed, by definition means keeping what you kill. Why would you give back everything plus some? That implies stupidity, not greed. These bad actors have contingency plans. They realize the possibility of fines and disgorgement. Besides if nobody ever covered a short position, where would the profit come from? Not sure what the 2308 figure represents, though.
I agree, DBMM waits till uplist to release news. Best possibility for gains.
"People on here will try to make you believe NSS are visible and easily accounted for…they aren’t!"
Yes it's kind of the point of a naked short. It is all done behind the scenes. No question it occurs. But the signs of it happening and how extensively is impossible to prove until it positions are covered. Then there's no doubt.
There has been plenty of time to dispose of these trades that are thin air in the greys. Everything that happens in the grey market is back door. Doesn't mean it happened but spouting "but Kramer did it" is irresponsible. He is garbage and very possible he acted nefariously in DBMM, it's his mantra.
But even if he had billions of naked shorts here, he and everything he has is not worth even half of a billion. Exactly where does anyone think the funds to cover are coming from? The SEC going to make you whole?
DBMM will pump on news, if any NSS are still present they will be more present. If the vast majority hold off taking profits price will rise. But $2 is not realistic at this point. I hope I am wrong but I don't see any path there, outside of conjecture and assumptions based on the fundamentals of another circumstance.
What is needed is 10x the volume, not 10x the single sentence thesis.
As long as it's less than 5 words and contains DBMM, DABOOM, MOASS and Linda great.
Damn ran out of space lol!
I guess not.
So who is this this HAM from the link?
Didn't think CEO's discussed much privately about corporate matters. Or was this person just trying to verify the CEO was real?
Definitely an incentive. I saw there was arrears in the filings.
How are you coming to this figure out of curiosity?
Thank you for this, I will check it out.
Well unfortunately, fighting for and getting are two separate things.
Kramer isn't worth a billion, none of his companies or friends are worth a billion. These criminals protect their assets. All that would happen is they go bankrupt. Then start a new company doing the same thing in a week. Sad reality in the corporate world.
VWAP is a poor indicator during heavy manipulation. It is can be a false signal.
When liquidity is low, MM's have no choice but to bring DBMM up and down in a narrow channel.
A catalyst will help the price action though.
Yep this is going to continue until some volume comes in.
Even green you can read the paper through is green.
Absolutely correct. Billionaires need to get off Twitter.
Triggering all those "tiny winy" bluebirds...
I believe you are correct that most don't agree. I think it is highly unlikely as well. But I if I am asked a question by someone, I feel genuinely wants it answered, I see no point in wasting both our time with an incomplete response.
One thing time will teach, is anything is possible, many things are unlikely, a few thing have merit and only one thing actually happens.
The most successful people are simply better at picking that one thing out of the few. Does not mean the others didn't have a valid argument, just means there will always be one left standing in the end.
No participation trophies in trading...
Renee, the simple answer is, what you propose is definitely a way this could be decided.
That said, most creditable predictions have a conceivable path to the outcome being discussed, same as my suggested path.
I do not believe it likely DBMM to follow your suggested direction at this point. Reason being, is they don't have to, honestly. A considerable effort has been put forth to get here. Frankly, it was also the least likely path to success. What you stated would have been a more practical solution earlier on without a doubt. In fact, I would have fully expected acceptance of revocation and either disappear or start a new application, after DOE suggested to revoke DBMM.
But the reality is they fought and to this point have been successful. I sincerely believe, fighting the attempt to revoke so vigorously is the only reason DBMM is here today.
To the point of unfinished business with the review. Realistically, it is an internal matter that could have external consequences if allowed. The decision has already been made to dismiss. I can't see the commission drawing more attention than necessary on the SEC. Especially, considering current environments around them. I believe I posted a possible outcome that could appease all involved a while back.
The Commssion could side with DOE's position and agree revocation was in order. But the commission has the power to side with the DOE on revocation and at the same moment issue a stay. They would under the rules actually, almost be required too. The commission will issue stays if the result of the decision would unduly harm current shareholders and there is no foreseeable threat to future shareholders. This action would keep face and render DBMM unharmed. It would also leave the ALJ whole because, effectively that is why she awarded dismissal.
Although, depending on the timing of any developments with DBMM, they may choose to take another extention and avoid any unnecessary disruption in the market.
Renee, thank you for the kind words and I hope this makes sense. It should be fairly obvious what type of investor I am speaking to when I post. I am pro DBMM but not pro high risk without all the facts to determine whether the reward is within a reasonable margin.
It was questioned why I am here if I have the ability to trade most anything. I find it interesting it would be assumed I am the only one. Not all investors interact publicly.
I thought it was common knowledge...
Got to get there before Musk.
Interesting indeed lol..
Every team has a cheer squad so why not Team DBMM?
I just wish they weren't the big O and nothing all those years prior.
We'd be at $50 already.
So exactly how many years does it take to review an 8 page decision??
This isn't a J6 review board...
"The commission has not YET found a legal mis-step by the ALJ. But one of the "ISSUES" to be reviewed is exactly that - did the ALJ find that DBMM was current - IN SPITE OF Corp FIn's continued belief to the opposite?"
The review for legality is a formality at best here. She fully agreed to DBMM being delinquent in filling. I never saw on paper it ever said different. In fact, DBMM counsel was in agreement as well, that was never a question. Only thing under discussion was what caused it. Now, whether I or anyone else thinks that is a reasonable excuse, doesn't matter, because the ALJ did. She did so knowing the argument that would ensue as well. So seems highly unlikely the decision would be made lightly. In addition, DOE has no legal position here. They are strictly there to enforce regulations but that stops at reporting the infraction. ALJ and commission decide punitive action. This is also why the system is designed that way.
Frankly, there are plenty of bad actors in regards to reporting, that are far worse than DBMM was. So that would have to be defended in a court setting as well.
"The Commssion has NOTHING TO DO with the decision of the OTCM to remove the CE and allow DBMM to trade. It is COMPLETELY on the OTCM's shoulders!"
I certainly didn't question that anywhere. OTCM is regulated by the SEC but legally the initial decision stands until otherwise rescinded. As I said, DOE can only recommend action. The decision is the only legal order OTCM has available.
But the commission does have the responsibility to review decisions in a timely matter. Had this been done, OTCM would be a mute point. Instead, lack of action has lead to this outcome.
I believe your argument that DBMM was delinquent and by that single fault deserves revocation, is accurate regarding a literal interpretation of the rule. I also agree that is generally how it works DOE recommends and ALJ concurs. The position holds water right up until the ALJ decides not to concur...
Now if the Commission modifies the order that anyway negatively affects shareholders or DBMM, it can be subject to appeal in a court of law. An example of that was presented in my previous post. In addition, OTCM will continue on as they are using the only legal order there is, of dismissal. As anything the Commission decides will be halted pending appeal.
Obviously, at some point it could possibly be decided against DBMM. But, by that time, as long as they stay clean, SEC will have no choice but to allow them to continue or face harming shareholders for no practical reason.
I would bet DBMM gets bought out by Google before that happens...
It is very difficult to definitively prove naked shorting but there are a few indicators it is likely.
I never bothered looking in DBMM because it didn't matter to me. But if anyone has data from before DBMM stopped trading, when it was trading abnormally high volumes, they can look at the utilization percentage. If DBMM was at 100% utilization and the number of shorts was increasing, that is a good indicator of possible naked shorting.
Buyouts and mergers are different animals. If DBMM was bought out, it would likely be because they had something a competitor wanted. Maybe a client list or binding agreement with another company that only way to get it was purchase DBMM. Obviously, those are very unlikely scenarios. A private company merging with DBMM, would be far more likely and would make far more sense in regards to why DBMM was worth saving.
Admittedly, anything regarding buyout or merger is pure conjecture.
As for NASDAQ dreams, that is the same as OTCQB. If they meet the requirements, they are let in. Plenty of tickers that should be OTC on NASDAQ, saved by perpetual reverse splits. If DBMM can gain enough momentum here, I suppose it could be possible. All hinges on them following through with promises, which is new territory for DBMM.
Has been doing far better in recent years I will say...
While an unpopular discussion, you are 100% correct in the fact the commission could decide against the ALJ. Although it's unlikely and there is a process to appeal an event such as that. Within the rule regarding the review process, they cover going against any internal decision within a review. The commissions number one position is not to harm investors. But they do obviously have to preform triage in many cases by harming existing investors to prevent damages to future investors. In this case, especially after the resumption of trading, it is going to be difficult for the review board to do anything but uphold the ALJ decision.
I believe this true for two reasons. First, any decision by the commission will be open to appeal. Once it gets to real courts, they will have access to the ALJ information to review why this decision was made. Considering the commission has not found a legal misstep by the ALJ, it is more than likely a district court would side with the ALJ.
Secondly, in the event they side with the DOE, they would have to explain why the commission allowed trading to resume if DBMM was a threat to investors. I don't think they could give an adequate explanation. In light of at least one current case I am familiar with, I doubt the SEC will tempt fate on little old DBMM again.
https://www.sidley.com/en/insights/newsupdates/2022/05/federal-appeals-court-holds-sec-administrative-proceedings-are-unconstitutional
Regardless of anyone's position on DBMM, what has occurred here is exactly how the system was designed to work. DBMM was found in violation. DOE requested the revocation. The ALJ reviewed the case and found extenuating circumstances. ALJ decided revocation was not in the best interest of shareholders. Of course, what happens afterwards is the governmental equivalent of a temper tantrum.
Anyone that believes this case is special to DBMM would be foolish in my opinion. Several times in multiple colors, it has been referred too here how many tickers were revoked without so much as a whimper. I am sure many had exactly the same story as DBMM. Only real difference is the others didn't fight. Most of those revoked were either absolute scams, poor management or toxic financing, many likely all three. I am positive there were several that had a DBMM story but never fought to stay alive.
Whatever the reason for DBMM holding on is, it's nothing to do with what OnlyFans post. DBMM has a reason, hopefully a worthy one and will be interesting to see the endgame play out.
Confused is about right.
Just like being 100 percenr right!
The abacus can tell 32000 will get to 19 mil easy enough. Just flip it over and will work better. Of course if peasant peanut butter hasn't stuck Fat 2 finger to the abacus...
Till next week
Nah. It's can't sleep stuff for sure though. Insomnia is real.
Next week going to be too busy but I know I can count on an update here...
I hope you are right! I respect the change as well. Not something you see everyday in this market.
Sleep?? We can sleep when we're dead lol. It's after 1am here lol.
I hope you're right for all this investors sake.
Yep swept or ignored, same thing.
"WHAT exactly is being swept under the rug ( mystery not) every good or bad been stated here."
Every good or bad from the time there started being good...
Decades of prior business is ignored of course. Hopefully DBMM has changed and is preparing a PR onslaught.
I need another private jet.
Baloney is for peasants...
LOL rightfully so. I am very optimistic there is going to be good come of this soon.
I sincerely hope you get all the MOASS you are expecting.
Accuracy has no place here my friend.
There is a majority of extremes on each side of DBMM and few common sense believers that had to build a bunker in the middle to survive.
I stand to do well if DBMM successfully finishes what they have started. I have some measure of faith that will occur.
Not because of past fundamentals or management. Prior to DBMM delist and DOE attempted revocation, there was ample time to become an entity worthy of investment.
Something changed and I believe that will be our catalyst. Not an uplist from pink, although it will help.
Most importantly actual investors will do some diligence and see everything that is constantly swept under the carpet here. But they will also see something changed. They will also know it wasn't Kramer hiding, 9 wins zero losses, Linda found Jesus, blah blah blah.
The most important catalyst we have right now is the mystery of what changed. Traditional investors will see all the past and come up with this still unanswered question. What changed in DBMM. The next consensus will be it has to be big because, this mess was not worth saving.
The problem with all the DaBooom and MOASS foolery is actual investors will view this as standard pinksheet ridiculousness.
It is why I try to shed a light on, given the past, what could possibly be big enough to save DBMM?
That is the million dollar question...
That is a fact.
DBMM has checked a lot of boxes. But until they start checking fundamental boxes, this is going to be a momentum on catalyst play in most qualified investors mind.