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well my friend, the chart suggests other wise. Also the Judge has said other wise. He said after looking at the financial that the company hasn't been profitable for over 10 years. May have never been profitable for all we know.
Since 2003 AMZN has gone from negative $52 to $1,250.
In that same period of time since Linda Perry has been Managing Director of DBMM, the share price has gone from $80,000 a share to a fraction of a Penny.
Are we seriously comparing Linda Perry to Jeff Bezos? Or Amazon to DBMM?
Jeff Bezos is worth $105 Billion. Do you think he resorted to toxic financing and nonstop massive dilution to get to where he is today? How many filings has Amazon missed over the years? ZERO. There is no comparison to who knows how to create shareholder value and who doesn't lose a wink of sleep over all us suckers who lost a lot of our hard earned money in RTGV / DBMM.
Probably where this is headed. If I thought for a second that LP would actually act on behalf of the shareholders, I'd root for the company even though I hold no shares. Sadly, her 15 year track record of "creating shareholder value" has been a colossal failure. What's the point of having a public traded company if you can't create shareholder value? How long do you think the CEO of AMZN, AAPL, GE, MU, IBM, Etc would last with that kind of value performance?
History tends to repeat itself. It can be a great teacher and excellent predictor based on previous performance based on the same set of characters. Same Directors. Same Song and Dance. Same downward trajectory.
share price was $80,000 in Dec of 2013. It's worth a fraction of a penny today. I'd say that qualifies as losing a lot of money. It's gone and it ain't coming back.
https://www.barchart.com/stocks/quotes/DBMM/interactive-chart
Looking at the post I'm responding to, Ms Perry has a quite an impressive Resume. Since 2003 Ms Perry has been Executive Director of DBMM. Share price was $80,000 a share in DEC in 2003.
You won't find a CEO on Wall Street with that kind of tract record. You know why? Because the Street doesn't tolerate a track record like this for 6 months let alone 15 years.
So how does someone with a Harvard Business School education, Career as a Sr Level Executive manager; with the pedigree and connections, struggle to find attractive financing, build a profitable business and frequently late getting filings out in time?
I was thinking she'd comment apropos of the delinquent filings and reference one of her hero's Nancy Peolosi: “But we have to pass the bill so that you can find out what is in it, away from the fog of the controversy.”
I like the Mike Tyson quote. Have seen that played out many a time watching sporting contests.
Jan 5th has come and gone without the SUPER 10K filing. Judge isn't going to put up with stalling tactics and lame excuses. I look forward to reading his response.
I wish no ill will to any current shareholders. Trust me folks, I feel your pain and then some. I'm sick of seeing this company fleece shareholders with a sham of a company that hasn't made money and craps all over their shareholders. There's no use wishing anyone good luck since the Judge has already ruled and the company missed the tiny sliver of a window they may have had open. Plus the Judge already ruled in favor of Asher.
If the REVS had grown so much, they could afford filings. Judge is not going to be kind to them. Wonder if Reggie has started reporting to Asher yet?
Hpefully they used a better quote than Michelle Obama, which apparently was not a big hit with the judge. Maybe they went with something more appropriate: “It requires more courage to suffer than to die.” Napoleon Bonaparte
Clearly. Just a 20 year case of bad hiccups. Nothing to see here folks.
Let's blame the toxic financing guy and let's blame the shareholders for not buying more shares But #1 Reason share price is down is Stock Barber posting on message board.
Very nice! I hadn't seen that. Heard something about APPL buying back shares. thanks for sharing.
You are spot on Otterman. We all know if they had actually filed the Super 10K, they would be crowing about it louder than Sgt Carter screaming in Gomer Pile's ear. (yeah I'm dating myself)
Riddle me this DBMM shareholders: If the company hasn't been profitable in 10+ years, according to the Judge who actually looked at DBMM's financials; why go through all the trouble with filings and bogus business plans and forward looking statements? Hint: Look at a 20 year Chart: https://www.barchart.com/stocks/quotes/DBMM/interactive-chart
Share price has gone from from $100,000 a share to a fraction of a penny JUST IN THE PAST 5 YEARS! What does that tell you?
You know what it tells me? Tells me the Judge is going to put a stop to this company fleecing the shareholders with false expectations and constant dilution and toxic financing.
Anyone who thinks they can average down and eventually exit green is on an elevator headed for the depths of penny stock hell. There is no "up" button on the DBMM Elevator and there hasn't been one for 20 years. Look at the chart folks.
I'm thinking about selling MU and buying more AAPL
Apple will have a monster January. Mark this post.
Maybe the Judge would go easy on DBMM if Linda issued a statement promising him a ride in one of her friends flying saucers. (Accompanied by a forward looking statement of course)
https://nypost.com/2018/01/06/manhattan-reported-more-ufo-sightings-than-any-other-borough/
Apple Inc Valuation
https://www.ped30.com/2018/01/04/apple-aapl-valuation-video/
Looks like we may be headed for a super cycle
How long before we hit $200?
APPL Looking strong. Will be the first 1 Trillion Dollar Company. Many big companies giving bonuses to employee's will benefit companies like AAPL, MU, AMZN.
Maybe the judge would show some mercy if Linda claimed "Gloom, Dispair, and Agony on me" and threw herself on the mercy of the court.
Is there anything else that could explain the company not being profitable for 12 years? Or not getting filings completed on time? Or coming up short forward statement after forward statement? Or having to resort to toxic financing? Or mercilessly diluting year after year?
One of your better ones.
Is there an actual court date hearing where Linda Perry and Asher will likely be there? or are they just submitting long winded documents that have as much substance as a seinfeld rerun?
Over promise with forward looking statements. never deliver. you Nailed it.
At this point, it's pick your poison... Asher or Perry. Unfortunately neither one bodes well for Shareholders. I don't know how anyone can look at the chart I posted last evening that shows the share value has been decimated and still believe in the Principals of DBMM. Kudo's to the person who sold some shares to trade elsewhere and posted about it. I get people don't want to sell for a loss. It was extremely painful which I know the feeling all to well. I hope it never leaves me.
In June of 2011 it closed at $1,200 a share. How long has Digital Clarity been adding shareholder value? They arent. Period. End of Story. Let's hope the Judge mercifully stops the bleeding.
This is truly stunning.... https://www.barchart.com/stocks/quotes/DBMM/interactive-chart
Click on the link and go to the 20 year tab. go to the far left and if you hover your cursor over the bar where the stock was trading you see that in June of 2003 the stock closed at $125,000 a share! Today it closed at .0002. That is MASSIVE dilution and Plenty of Toxic Financing. Linda Perry, Is this what you Call Shareholder Value???
Based on the Judge's prior comments, I don't think he will put up with any more shennanigans from Linda Perry. Certainly no rehashed political speeches and I can almost guarantee you they will try to stall for more time and it ain't gonna work. Can you imagine what is going through the Judges head when Linda Perry gives a passioned plea about all the hardships they've encountered, etc and I'm sure he's thinking, "Woman, what kind of competent Business Executive with your Acumen and Pedigree does toxic financing so you can afford to do filings???" Someone should send the judge a 10 year chart and tell him "if you hold this chart upside down, you can see the incredible astronomical shareholder value DBMM has built for it's Investors."
The Judge who looked closely at the financials said the company hasn't made money in 10 years. So what do they do? They resort to dilution and toxic financing to pay for delinquent filings! It's truly quite unbelieveable! How does that build shareholder value??? Otterman has been here over 10 years and he can attest the company has been a train wreck. We were here when the company sold Dildo's and before that. Literally! Anyone who has been around long has lost most if not all their money. Some quick traders may have been lucky to get in and out with a scalp but they are far and few between. I challenge someone to post a 10 year chart. We could all have a good laugh (and cry in some cases) of the shareholder "value" Linda and Reggie have built. So here you are now... Judge has ruled against DBMM. So they have to File, they have to come up with a ton of money which they don't have, then the Judge has to reverse his Decision which is highly unlikely, and then if DBMM Miraculously makes it through those hurdles, they have to build shareholder value. They haven't made money in 10 years and they have to resort to dilution and toxic financing just to do filings!!!! If that isn't the definition of INSANITY I don't know what is.
You would have to A) Actually have wealthy friends that trust you enough to invest in you and B) Be Humble enough to ask for help.
So is Reggie operating in the UK under Digital Clarity and is he legally allowed to? Or does Asher now own the company? I saw where someone posted Reggie was active on Twitter.
I work with a company called ProSites and they do much of what Digital Clarity does. They are the real deal. Prosites probably has 8,000+ customers. They are excellent at what they do. I just don't see Digital Clarity ever scaling to anywhere close to that size based on their business model.
There's a saying in the Dental Industry: those that can't, (run a successful private practice) teach. The problem with DBMM is they have Principals / Directors that would be better suited teaching theory at a University with their impressive vocabulary than actually & substantially growing a company's revenues and profits.
too bad for the shareholders DBMM wasn't as hesitant
Kramer has been involved in Toxic Financing atleast since 2009. Not someone you want to go to for funding if you care about your shareholders.
https://www.securitieslawyer101.com/2014/finra-blacklists-curt-kramer-mazuma-asher-enterprises/
Has anyone had any contact with Curt Kramer (515-498-9890) of Asher Enterprises Inc?
Great Question Renee. Don't know if you've seen this document filed by Linda Perry to the SEC back in June. scroll down to page 10 to she what she has to say about Revocation would be not be good in her opinion. Curious to your thoughts on her comments.
https://www.sec.gov/litigation/apdocuments/3-17990-event-11.pdf
Let me get this straight. You want them to get the Super 10K Filing completed (not gonna happen) knowing that this is nothing but an internet website & marketing company which has a history of 1. not making money 2. Major continual Dilution 3. Toxic Financing because Major Dilution wasn't enough and 4. Not keeping it's promises covered by forward looking statement after forward looking statement. For what reason may I ask?
Renee, thank you for sharing your knowledge of studying SEC filings and court cases over the past 8 years. There is far more evidence that God exists than there is that this company will ever file another 10K. You are a beacon of light in the seedy world of the OTC gray sheets. The time for forward looking statements for DBMM has come to an end. No more fleecing the shareholders with Toxic financing and Dilution upon Dilution. There are plenty of other ones out there but this one is over folks.
well said Otterman
Great Post Renee. Comments in Red are dead on.
Agreed. Judge who looked closely at the company's financials said they haven't been profitable in 10 years. But they've sure have sold millions and millions of shares and taken on toxic financing. Someone post a 10 year chart please.
You may be right. I don't know Reggie personally but no question he is skilled at what he does. Still, it's an website and internet marketing company and there are millions of talented skilled people who do amazing things with Websites, Social media, and internet marketing, SEO, ect. It's not like they have a disruptive technology or a significant competitive edge on the website business. Sad the company has not been profitable in 10 years according to the Judge's own words. I'll take his word over anything DBMM may put on their website, press release or a blog. Best to you Otterman.
It's impossible they didn't know exactly what they were doing fleecing the shareholders. Mercyfully, a Judge has put an end to it.
Regardless of how you answer the question, they were nothing but crooks. Stealing people's money using Rosie Press Releases & empty promises always accompanied by a CYA forward looking statement.
for 10 years the Principal at DBMM has been saying this is a sound investment. and year after year they fleeced the shareholders with excuse after excuse and endless forward statements.
My question to everyone is do you believe it was criminal? Was it:
A) Arrogance + Incompetence + Desperate and just unlucky?
Or
B) Unethical & Immoral and knew exactly what they were doing fleecing the shareholders?