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DBMM has 13 Active employees? A McDonalds has twice as many active employee's. Thank about it.
What's the name of the wealth management group? and who are the Principals of the group? And how much are they investing? What are the terms? As investors, you are shareholders of the company and deserve answers.
Surely With Linda's resume, education, contacts, pedigree, and credentials... It must be GS, Warren Buffet, or possibly her friend George Soros?
My only question is, why did Linda wait so long to allegedly find legitimate financing? I mean just look at the 20 year bar chart to see that the shareholders have been absolutely buried under massive dilution and predatory financing. B R U T A L.
How BRUTAL? In the past 20 years (Linda's been here the entire time) it's gone from $150,000 a share to sub penny. In the past 5 years it's gone from $40 to sub penny but now facing revocation and Asher won the court case and the company.
https://www.barchart.com/stocks/quotes/DBMM/technical-chart?plot=BAR&volume=total&data=MO&density=X&pricesOn=1&asPctChange=0&logscale=0&sym=DBMM&grid=1&height=500&studyheight=100
Exactamundo!
Doesn't anyone want to know why Linda Perry couldn't come up with the Capital for the cost of doing stinking filings in the past 8 years and had to continually resort to selling shares and more recently to toxic financing?
And now suddenly when they are facing revocation after losing a court battle to Asher, they conveniently find "Non equity" financing? So what kind of interest rate and what are the terms of the Debt deal? And why wait so many years to get such great non equity financing after crushing shareholders so that virtually everyone is underwater?
The thing Shareholders care about most is SHAREHOLDER VALUE. And by ANY measure it's been dismal failure.
Great points Otterman. You've been here longer than anyone on the Board.
It's next to impossible to keep straight when it's had so many iterations and failed forward looking statements.
You're a smart man. Unfortunately, many of us, myself included, had to find out the hard way.
Honest question, Were you ever a shareholder in RTGV / DBMM? Kudo's if you werent.
RTGV was incorporated in the State of Florida in September 29th, 1998.
http://www.hotstocked.com/companies/r/rtg-ventures-inc-RTGV-description-69044.html
Look at all the different business's they've "acquired" and various business iterations. Crazy. Now it's a website business which are a dime a dozen. ProSites has 8,000 Customers and they have probably less than 50 employees. I guarantee you Digital Clarity doesn't even have 1,000 current customers and if I had to bet money, I bet they have less than 100 current customers. Is Mercedes Benz still a customer? who knows? The don't share much specifics. No one really knows how much they Directors are compensated, how many customers they have, how many employees they have, and what their net loss has been for the past 8 years. All this information is provided by publicly traded companies with nothing to hide.
Well your math is wrong.
"The directors of Far East Challenges plc are listed as Linda Perry of London SW3 (who also happens to be the CEO of RTG Ventures Inc in New York), Sir Brian Wolfson and Stephen Clifford."
From a quote in 2000 when she was CEO of RTGV which became DBMM. So atleast 18 years and probably more.
http://anusha.com/rtg.htm
Good advice. It takes a little while so don't wait til Dec 26th to get the process started if you do.
Good Informative Post Otterman.
Let no one kid themselves, Linda and Reggie will get paid first. They're "entitled" to it.
Lord only knows who was crazy enough to give them money to work on the filings and continue their legal fight. But it needs to be paid back with interest you can be sure of that. Non equity financing. lol Ok, yeah sure. And remember Linda and Reggie haven't taken a salary in NEARLY 9 years. At 100K + a year per Linda and per Reggie, dat a whollatta Jack.
Don't be like Mike. Folks, Good luck getting your investment back out without a loss. You'll be one of the few who did.
Guys give me a break. Linda Perry has been involved as a Managing Director / CEO for nearly 20 years with RTGV / DBMM. They have NEVER IN 20 YEARS SHOWN A PROFIT and that's without taking a salary!!!!
That is NOT comparable to other companies. Other companies create shareholder value even when they are building a company. they don't MASSIVELY Dilute and resort to Toxic Financing with a KNOWN TOXIC FINANCIER!!!
Good luck Gentleman. Don't be like Mike. Sell your shares before you loose it all. Have a pleasant weekend.
All one has to do is look at a 20 year bar chart so see that 99.9% of anyone who invested for any length of time lost money. Many like myself lost most. My own fault. I own it.
Same here TN Trader. Working on being more disciplined myself.
Same. Took a small starter position this afternoon.
Don't fully see why Walmart lost 10% Market Cap (28Bil) because 4% of sales (online) "only" had a 23% growth during the busiest QTR of the year?
Couple big blocks bought after hours.
GL!
Non Equity financing? Not stock based?
1. We are just to take Linda's word that they received very favorable financing after all the massive dilution and toxic financing deal she did with Asher? Seriously?
2. If the financing was such a great deal, and since this is a publicly traded company, isn't fair to assume the shareholders should know the amount of financing and the terms? I mean after all, the Shareholders have taken the brunt of the financial and managerial mishaps of the Managing Directors as the Shareholdera wait in eager expectation for the company to create shareholder value on their "sound investment".
3. What's the plan to pay it back, growing revenue, and creating shareholder value? And what's the plan to pay for future filings? Seems like in the past they've pretty much always had to dilute and when they couldn't find anyone else to buy discounted shares, they found.... cough cough... Asher.
But Stock Barber, Linda Perry said EVERYONE'S Investment is sound here in a Statement in November. Let's cut her a little slack. I mean she's had nearly 20 years of experience on how to create shareholder value and she has a Harvard Edumacation. I mean, what could possibly go wrong?
Fool me once (Massive Dultion) shame on you, Fool me twice (Toxic Financing) shame on me.
Linda Perry has been involved with RTGV which became DBMM for nearly 20 years. It's been nothing but shennanigans, Lies & half truths, unfulfilled forward looking statements; Massive Dilution, Toxic Financing, and Late filings. The company has NEVER made money in NEARLY 20 YEARS!
Seriously, Who knowingly does a debt deal with a known toxic financier? ! Obviously we all know the answer to that question. And They have the audacity to say in a November statement that "Your investment is sound." ?
It's so absurd is laughable and sad at the same time.
You can't short a gray stock. NO Broker will allow it. To those that say you can, I say name ONE. JUST ONE. (Crickets)
Closer to 10 than 5. Linda Perry has been an Owner / Managing Director with RTGV / DBMM nearly 20 years and the company has never had a filing showing a profit.
Maybe they're using DBMM to sell shares and travel and stay in high end hotels. First class all the way at shareholder expense. What else explains to what they've done with all the money they've made selling shares? I was in touch with Linda for years. She doesn't stay in cheap hotels. Don't believe me? ask Threeflight on IHUB. He actually met her in person when she was in CA for "business."
Apparently she's a very attractive woman. Very smart. Progressive Elite Educated pedigree. Just not cut out for running a company.
Since Linda and Reggie presumably don't take Salary, they will be paid first in the unlikely event they every do turn a profit. It's been 10 years and they haven't. So think of all that Salary over 10 YEARS that has accrued.... Did they write it all off? They should since they have destroyed shareholder value. They don't deserve to be paid.
Linda said a lot of things that never materialized. All one has to do is go back and read all the forward looking press releases for the past 10 years to see that much of it was a fools errand or gross negligence.
Internet marketing is not rocket science. they don't have a better mouse trap. there are thousands of competitors many of whom are much much bigger. There is a significant cloud of confusion (by design) over the entire business and financials. But it is the seedy gray sheet world so we should expect it. Have a great weekend everyone.
Maybe Linda could provide a list of all the Institutional Investors in DBMM. You know, like the ones in AMZN, FB, TWTR, etc.
Good DD Stock Barber. Linda loves to compare DBMM to Amazon and other big name companies. Companies that successfully BUILD shareholder value. Other than being chronically late with filings, unlike Amazon and others she compares herself to, the other LEGIT WELL MANAGED companies actually have sophisticated investors like Institutions invested in their companies. Linda relies 100% on a lack of transparency, forward looking statements, and penny stock OTC investors. Says alot doesn't it.
Looking Good! AMAT reporting after hours. Goldman Sachs Technology Conference Call tomorrow with MU. Earnings next month.... Should be blockbuster.
I have to tell you, I use to speak directly to Linda Perry quite often and she would tell me a lot of the same stuff. I use to be a Mod on this board and Otterman will tell you I was The Chief Advocate for the company. Even well after they converted their ticker from RTGV to DBMM and purchased Digital Clarity.
I even purchased discounted shares directly from the company (numerous times), dealing directly with Linda Perry. The sad thing is that I had drank so much of the Kooliad, that I had friends and family invested in the company. So I didn't just sell and dump my discounted shares to make a quick profit. Nooooooo, Like a fool, I held on to them only to eventually sell them for 90+% loss. Incredibly embarrassing to admit but good therapy. If you talk to Linda Perry, ask her. If she denies it, I will post copies of the Certs on the board.
This company has a history not of growth, but of burning capital and crushing shareholder value. It's sickening to watch when it's your money tied up. It's just sad when you've sold and you know the same pattern will continue and others are losing their hard earned money.
How long have you been invested in DBMM?
How about YOU READ and list ONE?
"Many digital marketing companies operate at a loss while growing until they reach profitability"
Is that so? Can you name me ONE other Digital Marketing company that's operated at a loss for 10 years?
Can you name me ONE other Digital Marketing Company that CRUSHED the shareholders OVER and OVER and OVER again with massive Dilution and most recently Resorted to TOXIC FINANCING?
I'd just like 1 name for each question. I'm sure your right that there are many companies.... Just a name. Just one.
Legitimate companies don't lie to the TA, They're on time with filings, and they have full accurate disclosure in their filings. EPS, Revenues, Profit before and after taxes, etc. And they know how to raise money without crushing the shareholders. You see, Legitimate companies raise money for legitimate things, not to cover the cost of filings and audits and to sue toxic financiers. If it walks like a duck... quacks like a duck....
Be sure to stop by Digital Clarity and say hello on behalf of everyone on the IHUB Message board who lost 90% of the investment in RTGV / DBMM. Also nose around and see how many employees they have. There's a restaurant in the building called The Hog in the Pound. Just click on the Digital-clarity.com website and look at the address for London. Get some pictures for us to see so we can see it's the real deal.
I sincerely doubt DBMM has 13 High tech employee's. What's the address of Digital Clarity? I can have someone drop by and check the place out. How would that be for DD?
They may have done some business with DBMM. So what? That doesn't mean they do even most of their business with DBMM and highly doubt they do. I'm sure many of them are no long clients because that's just how the business works. There is always someone knocking on the door with the latest technology or hook. What was Digital Clarity sales for each of the past 8 years?
Company offering free websites: https://www.wix.com/
They also help out with SEO, click ADS, Social Media, etc.
DBMM is just another internet marketing company. There are a million of them. It's a SMALL business with HUUUUUUGE competition. How do the other million internet companies survive without raising funds? Because it doesn't take them 5 years to become profitable let along 10+!!!
Take Prosites for instance. They dominate the Dental Industry. They also guarantee the Customer that they will always have the latest technology as a platform for their website. They do it a fraction of the cost of most other internet website SEO companies.
GL!
Amazon Vs DBMM Public Charts: (click on the 20 year tab)
Amazon Chart https://www.barchart.com/stocks/quotes/AMZN
DBMM Chart https://www.barchart.com/stocks/quotes/DBMM
If you are running a publicly traded company, you are judged on Shareholder Value. Jeff Bezo's sure knows it. sure Amazon wasn't profitable for many years, but he was always creating shareholder value.
Naz Futures up about 40 tonight. Strong Earnings tonight by NVDA AH. MU Stock price beaten down like a rented mule with LOW PE. Expected to surpass earning when they report in a few weeks with recent upgraded guidance. MU is my table pounding No Brainer call for February.
Same BS Linda use to give me and I spoke to her frequently. You can't compare a tiny little internet marketing website company to Amazon and Uber. They knew how to create shareholder value from the START. They never buried their shareholders in massive dilution and toxic financing. They aren't chronically late on filings and they don't keep switching up their business plan every 6 months and fail to deliver on virtually every forward looking statement which DBMM uses to cover their Arses. Is Linda Perry Smart? Sure. But there are all kinds of smart people who lack the business acumen to run a company. They say those that can't, teach. Maybe that's why Linda Perry left Exxon and taught. I don't think she even teaches any more. By the way, the Principals of Amazon and Uber are highly public people. Linda Perry is embarrassed to be associated with DBMM. (show me her linked in profile or twitter account) And given the track record here, I certainly don't blame her. But please, let's stop with the Amazon and Uber comparisons. They just don't hold up.
Pounding the Table on MU. They just raised guidance this week. Possible it may hit $39 again but kinda doubt it after NVDA killed it with their Earnings Announcement after hours today. LONG and Bullish on MU. 40.42 bid and 40.43 on the ASK as I post this.