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1,000 years ago? agreed, who cares.
5 years VERY Relevant. Linda Perry was running the show then and now. 5 years ago same company but massive losses for investors. CLICK on the 5 year tab and then the 20.
https://www.barchart.com/stocks/quotes/DBMM
1 year chart shows anemic volume. (law suit probably prevented selling of more shares I'm guessing) 5, and 20 year Bar chart shows Shareholders losing virtually all of their investment.
https://www.barchart.com/stocks/quotes/DBMM
Please click on the 5 and 20 year tabs. EYE OPENING. Linda Perry has been here the whole time.
technically there has been "some' volume. But what he meant and every knows is that there hasn't been any volume to actually trade the stock which means everyone is stuck in it.
Good Post on the facts of DBMM Stock Barber. I would also add the following facts on DBMM: 1. company has a long history of substantial Stock holder value EROSION, 2. Long history of missing filings, 3. Dilution and Toxic Financing, 4. NO Disruptive Technology to differentiate itself from the other million website companies.
Volume has been pretty pathetic. trading what? $600 daily average? No serious investor would touch such a stock.
good luck getting your money back TFP. What is your average per share paid?
Agree, they do not have 300K in financing let alone 3 Mil. laughable to even suggest it with all the trouble they've had paying for standard quarterly filings.
Yeah, no one gets a 3 million line of credit / financing without collateral. Especially a Pinksheet company. Usually when you hear crazy talk like this the company is getting ready / hoping to sell shares. Which is why I was asking what the float is. Is the OS maxed out?
thats great. how much has the float changed? IS the OS Maxed out yet or close to it? What was the float 2 years ago?
Highly suspicious funding is flowing in. HIGHLY
what's the float?
we shall see. Keep a VERY CLOSE eye on the OS folks. I've been here many more years than most. See the Share structure change numerous times.
How many millions of shares do you think the've sold since they raised the OS over 2 years ago? They will raise it again. If they can find anyone to buy shares. Not much trading these days. No one really trusts the Principals of this company. which is why they had such trouble raising money to pay for standard filings. CRA CRA
Been over 2 years since the OS has changed? Guarantee you the've sold millions of shares in those 2 years. It's probably about time for them to raise the OS again so they can sell millions more. MARK THIS POST.
Agreed. All show and no dough.
Like.
I still love Technology... Always and forever... Little technology song for all the DBMM longs.
Great analogy. So Avg volume daily volume is 491,200 shares (based on last 10 trading days) and the share price is .0013. That means this hot technology that's totally disrupting the advertising and music industry (cough) is trading a staggering $638.56 per day. Good luck folks making any money trading this stock. Oh, and keep an eye on the share structure. I guarantee you it will look much different in the next 12 to 24 months and it's not going to benefit the shareholders I'll also guarantee you this company does not have a $3,000,000 credit line. If they historically don't have enough money to even do required filings, no bank (or credible financial institution) in their right mind is going to give them a 3 Million Dollar credit line. Take a look at the 3, 5, and 10 year bar chart and it's not hard to figure out the Managing Director of this Pink Sheet has no clue how to build shareholder value. The managing director has been here 20 years and all the share price as done is tumbled into the abyss of forever loss. Ask Otterman who's been here the longest and he will tell you better than I.
Ameritrade shows Tutes own 103.7% of the float with 15% short. Good Phase III news could send this much higher is the hope.
Good to hear! Looking forward to more Phase III good news
Agreed. Bullish on ESPR
DBMM to allocate additional time (Time is $$$$$) and more Capital ($$$$) to eventually complete another late filing. (par for the course) so after they settle with Asher ($$$$$) And pay off the Wealth Management Company ($$$$$$) they'll need to file again in November ($$$$$).
What company do you know raises money to pay for filings and auditors?
We know they can't pay for attorney's, auditors, and filings from the revenues of Digital Clarity because the Judge said the company's never been profitable.
Keep an eye on the OS if it's maxed out is all I have to say.
Here's what the OS was in 2011 when it was trading 10X higher and actually had some volume:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=65284052
Has anyone asked or has the IR explained where DBMM is getting it's money to finance all the court costs, attorney's fees, auditors, filings, salaries, etc?
The Judge said DBMM has never been profitable.
So if the company was to some how avoid revocation, get current, etc., How soon do you think the company sells more shares? Given DBMM's history of dulution, toxic financing and with bills piling up, where is the money coming from? How soon before they need to do another round of "shareholder unfriendly" financing?
Plus they have Asher to settle with AND the wealth management group to pay back. And if the company won't put the financing details in the press release like most legit major companies, then you can bet it's not friendly towards the shareholders.
Is it any wonder the bar chart shows the poor shareholders getting crushed when you look at any 5 year period? How Brutal has it been to be a DBMM Shareholder? You'd have better odds surviving getting run over by a 5 Ton pavement roller.
The only way this see's 5 cents again is with a Reverse Split.
LOL! The question one has to ask is are they recent clients? And how do you define client? How much business do they do with DC if they even are still doing business with DC. so much ambiguity and unanswered questions. Principals expect everyone to blindly invest in the company and trust they know best creating shareholder value. Gee, wonder how that's worked out the past 20 years? Or even the Past 8 years since DC was acquired. Many years ago Linda said DBMM was going to be a 50 Million Dollar company in just a few short years. Yeah, that didn't happen. Fell about 95% short. Judge said company has never been profitable. folks, this ain't Amazon.
Honestly, I hope all the best for you and others who have been stuck here forever. The retirement dream might be pushing your luck a bit. At least you haven't lost your sense of humor.
I took the tax write of with 95%+ massive loss years ago. totally my fault. I got sucked in. But anyone who has been around long knows this pink sheet doesn't care about building shareholder value. Talk about a massive failure to deliver on so many levels.
Linda Perry is very smart. But a perfect case study of why those who can't, teach.
Still trying to find direction, still trying to find the 50 million in growth they promised years ago, still trying to find big clients, still playing same ol games about financing... it's real alright. It's a Real Hot Mess.
Excellent post Otterman. Thank you for sharing and clarifying since you've been here longer than anyone. I remember years ago I thought you were so wrong only to be proven you were right all along. You and Stock Barber in particular have done the board a great service helping potential investors see a more accurate picture of what's going on behind the curtain at the Wizard of OZ called DBMM.
If the financing from the so called Wealth Management Group was so attractive and substantial, one would think Linda Perry would announce it for the world to see to demonstrate that DBMM has received shareholder friendly financing. You don't have to be around long to know that anything DBMM does, where they are unwilling to share details, does not benefit shareholders.
Congratulations to DBMM on being one of a long list of finalists for an eCommerce award for the city of London. That and a cup of coffee will get you more clients? better financing next time? Suddenly restore shareholder confidence? Taking nothing away from Reggie James who deserves recognition. The problem is Reggie linked up with someone who has no clue on how to create shareholder value. You cannot defend the 20 year track record or even the 5 year track record Linda Perry has demonstrated. It's indefensible. I will say one thing about Linda, she is tenacious. She doesn't give up easily. But at the end of the day you have to have the business acumen and confidence of the Investment community (Dilution and toxic financing demonstrates she does not) and the confidence of shareholders which she clearly does not.
Auditors only look at the financials of the company. They don't do back ground checks.
toxic financing crushes shareholder value. I could have but I didn't because I had friends and family in the stock and Linda Perry knew that and took advantage. Very smart of her. I never said Linda Perry wasn't smart or didn't have an impressive vocabulary. she just doesn't have the first clue or doesn't care about creating shareholder value. $150,000 a share to sub penny in 20 years or $40 to sub penny in 5 years. She's not a Jeff Bezo's, Steve Jobs, Mark Zuckerberg, etc.
BTW, Do you know how many company Investor Relations there have been in the past? Ask Otterman. Too many to mention over the years. They all come and go. you will see.
SB, have you ever seen this video? It features Reggie James from Digital Clarity and Bitemark Dominic Hawes who I believe was President of Bitemark that sold Dildo's. Yes, RTGV, along with Digital Clarity sold dildo's at one time. Ask Otterman.
Good night folks. And good luck with the Revocation and settling the Asher case. I never root for shareholders to lose their money fwiw. But I will warn potential shareholders to be very careful where they invest. The track record here is NOT GOOD and those of us that have been here the longest, know best.
learned? Someone Harvard educated doesn't have to learn what toxic financing looks like. But maybe your right. Maybe she really didn't actually get a degree from Harvard. Maybe she, like me, took a business class at Harvard and claims to have "went to Harvard".
I took a 3 day course at Harvard years ago called Managing the Distributor network. Good class but didn't make me qualified to run a company.
Call Linda Perry and ask her. You don't think if an investor has $50,000 that Linda Perry isn't going to sell them discounted shares?
learn from the past and one invest's more wisely. The toxic financing deal and late filings are VERY recent. The company lost their court case to Asher and facing Revocation.
What disruptive technology do they have? They are a itsy bitsy teeny weeny media company that builds websites. Dime a dozen and there are a gazillion internet website companies that specialize in all the things Reggie James and his team does. They've been claiming for years they are going to be a 50 million + company.
The recent toxic financing deal Linda Perry did with Asher speaks VOLUMES and VOLUMES. How can anyone defend that?
Check out this oldie but goodie forward looking statement. RTGV was going to be a $50 million in 3 years with "disruptive technology"
We foundout (ask Otterman) that Bitemark also just happened to sell dildo's. True statement. Ah, the good ol days.
https://www.yahoo.com/news/RTG-Ventures-Inc-Management-iw-3665732792.html
Ok, fair enough. 6 months. I wish you the best. I sincerely hope I'm wrong. And I agree with you that everything is going digital. I see it in the dental industry where I've worked 30 + years. I sell $130,000 CBCT machines and 2D Digital, Digital Impression Scanners, etc. The Digital workflow at the dental office is night and day compared to 10 years ago. Unfortunately, I just don't see DBMM going anywhere. I think Reggie is a sharp valued employee but he's only 1 guy. Linda Perry is a millstone around the shareholders neck who unfortunately has a dismal 20 year track record with RTGV / DBMM.
Good luck with that DollarTime. I drank the Koolaide far too long.
Honest question, how long do you plan on giving Linda Perry to prove that she is capable of protecting shareholders and growing shareholder value? 6 more months? a year? 2 years? more?
Thank you for making my point. Obviously given the current stock price, Wall STreet agree's with me.
Wall Street is not looking at DBMM. It's an itsy bitsy teeny weeny internet company and there are a million of them. Countless Reggies who are really smart and really up on the latest technology for building websites, SEO, Social media, Digital Marketing ,etc, etc. THERE IS NOTHING PROPRIETARY, UNIQUE, OR DISRUPTIVE therefor no Competitive Advantage.
Think about all the BIG names DBMM lists that they have done or do business with. Each one of them could drop in ONE TV Ad the entire annual sales of DBMM. That tells you that DBMM does VERY LITTLE business with Mercedes Benz, etc.
How itsy bitsy teeny weeny is DBMM? Well, if it were a women's swimsuit, Dental Floss would cover more flesh.