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Yes everything going as planned.
Old news but good news.
Dollars Coming IMHO. Don't take my words as advice, but read this update last evening:
SHAREHOLDER’S UPDATE — DECEMBER 28, 2022
DBMM 28 December 2022 Company Update
DBMM OUTLINES AMBITIOUS PLANS FOR GROWTH AS IT PASSES ANOTHER MAJOR MILESTONE — AND TAKES A VICTORY LAP
Following recent Shareholder Updates by Digital Brand Media & Marketing Group, Inc. (“The Company” and “DBMM”), and its brand, Digital Clarity (“DC”), The Company has today, announced a series of updates and plans for 2023.
The Company asks all shareholders, investors, new stakeholders, and supporters, to read this update carefully and digest both the extraordinary events that have taken place that has propelled the company to where it is today, through to the forward-looking ambitions for 2023 and beyond – all of which seemed unimaginable and would have left many organizations, crumbling by the wayside.
In order for this release to be helpful to all and for the sake of transparency, which the company has always adhered to, we have segmented this release into readable chunks.
FINRA CLEARANCE AND A US MARKET MAKER NAMED
The Company, via its sponsor Glendale Securities, Inc., achieved FINRA clearance under Reg 6432 and SEA Rule 15c211 on October 26, 2022. This was also the date that Glendale Securities, Inc., the Company’s sponsor and applicant to FINRA was designated DBMM’s, Market Maker.
REMOVAL OF THE CAVEAT EMPTOR (CE)
Since the dismissal on November 12, 2019, by ALJ Carol Fox Foelak, the Dismissal remains the Standing Order. The credentialed experts agreed along the way that the removal of the Caveat Emptor from DBMM’s stock ticker on the OTC Market was the next step. Following OTCM instructions explicitly and implicitly, the Company was approved for normal trading with all restrictions lifted and the US Market open to all.
The removal of the CE was announced by OTCM on December 20, 2022. The process required from Glendale Securities sponsorship for application to FINRA followed extensive due diligence required by the 15c2-11 Amendments of September 28, 2021, resulting in clearance by FINRA. A request by DBMM followed requesting the removal of the CE by OTCM.
The enormous time and resources required, step-by-step cannot be understated. The Company was successful at every milestone, and finally DBMM, now returned to normal trading. The next step is to return to normal business, leveraging to growth as described below.
FORWARD-LOOKING BUSINESS GROWTH 2023
Reggie James, the Founder and Managing Director of DC and the Chief Operating Officer of DBMM said, ” DBMM’s operating business, Digital Clarity, is a management consultancy, in the right place as organizations seek professional, trusted advice to navigate complex business transformation in 2023.
As normal trading continues, Growth Capital Infusion by Long-Term Investors as cited previously will deliver a scalable growth plan in the operating business. The evolved, post-pandemic, pragmatic business model, will be executed in a market set for explosive growth.”
He added, “The rising need for improved customer digital experience is notably driving the marketing consulting market growth. Unlike many industries, the marketing consulting market is expected to increase by $3.83 billion from now to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.75%. As companies enter the New Year, Digital Clarity’s process and actionable insights help companies evaluate and develop growth strategies as they pivot against an uncertain and volatile 2023.
DC is well-positioned, and a leader for its size in the industry, which has already earned a ‘seat at the table,’ to lead and direct companies to increase their digital footprint and return on investment. Removing the yoke of mitigating external circumstances allows for DC’s competitive advantage honed by experience and reputation, to increase its client base and revenues. Since its acquisition, the growth of DC has been deferred by external events—no longer.”
James concluded, “We have a skill set in demand. We are in the right market, with the right plan and a massive opportunity. With the injection of the forthcoming working capital, our future looks very bright and no doubt, prospective company acquisitions, and partnerships are on the table.”
CONTINUED ACCUMULATION OF INFORMATION FOR POTENTIAL ACTION AGAINST STOCK MANIPULATION.
The Company has noted that recent prosecutions by the SEC and the DOJ of named individuals who deliberately manipulate and peddle misinformation, often slanderous are cause for regulatory and public policy concerns. DBMM has long highlighted the negative aspects of those paid to create chaos and scare shareholders. The Company stated in recent Shareholder Updates, that it has sought advice from individuals and organizations prudent in these matters, and participation by third parties in monitoring and gathering information.
PUBLIC MARKET ACTIVITY SINCE THE REMOVAL OF THE CE
Shareholders are encouraged to ‘exhale after winning’ following the removal of the CE after such a protracted period, following the Dismissal over 3 years ago. Patience is required as all the permutations of the market from algorithmic trading to short-selling distraction, short-term to long term tactics as shareholders enter and exit our investment community. The Company has long-term investors who are committed to supporting DBMM to grow into a NASDAQ company.
The Company has successfully completed everything it said it would and it will deliver going forward as well. The next stage is development, while crucial. The first step for the shareholders is to acknowledge the market for DBMM must set a normalized, return to market, pattern first, and then strategize the integration of news and new milestones. This is all new after many years absent from its trading platform. The Company is re-entering the market strategically and it is a long term strategy.
Next step, The Company intends to apply to Up-list from PINK CURRENT to OTCQB. Building on the OTCM review in order to remove the CE, the Company wishes to leverage the association as a Member of OTCM. To that end, DBMM has contacted OTCM indicating it now meets all criteria for the OTCQB higher platform. OTCM has already responded that they will work with the Company early in the New Year to effect the transition to the higher platform.
MARKET AWARENESS OUTREACH
We will be sharing more initiatives soon. In the interim, shareholders’ information should only be from credible, public sources.
DBMM wishes all stakeholders Happy Holidays and looks forward to a prosperous and exciting New Year. We will be sharing more soon. Get your information from credible sources only.
DBMM Management
Yep, and people do realize, Quebec is not in the UnIted States, right???
Yeah me too. Been watching. Seems like my feelings last year to this prove right again, they are simply becoming a land acquisition company...
Now stock at new all time lows... ???
ONLY ones to benefit are the Insiders of Corp if true. Worst comes to worst, they can always sell land to Govt for solar panel farms and they become enriched- Shareholders lose all in the end again, though Shareholder funds are what made all these land purchases... I seen it all too many times. This Admin we have is NOT business friendly- ONLY private deal friendly...
Every company has debt and always has debt. Churches always have debt too... I own a business, I know!
Seeing PLUG here 75% below its highs at new all time lows is crazy IMHO....
Time to take some entry into this world for the long haul perhaps ?
Why not $2.50 or $3.00 LOL, LOL, LOL Anything is possible, that much I do know.
What's this week's guess on PPS? 5cents, 10 cents, more? Last week in year, general market BIG players out till after New Years.
I may let go of some then, but to be honest, I have a lot of 1Million to go over $2.50 GTC right now as well...
Humble, $1.00 level I would call it DBOOM from where it was in micropennies for many months prior...
But to see Glendale at $10.00 really gets one excited about future events though, huh?? I do hope Glendale has learned its lessons from the past too. Funny finding this from 5 years ago about them:
Glendale Securities, Inc., a brokerage firm headquartered in Sherman Oaks, California, as well as George Alberto Castillo, the firm’s president and primary trader, have been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that the firm and Castillo, among others, engaged in a fraudulent stock trading scheme. Department of Enforcement v. Glendale Securities, Inc., et al, No. 2016049565901 (Oct. 5, 2017).
According to the Complaint, Glendale Securities’ operations principally revolved around helping customers with depositing and ultimately liquidating penny stocks and microcap securities, and the firm acted as a market maker for certain low-priced securities. The Complaint alleged that between October of 2014 and March of 2016, the firm and Castillo concocted a manipulative scheme to defraud investors involving one of the thinly traded and low-priced stocks: Nugene International Inc. (NUGN).
Well Stock, some may have (smaller retailers), but this is historically dead period year end until after New Years- many BIG $$$ people gone on their vacations out of markets, so I expect some major events to occur by then regarding DBMM and then will see.
I agree as a businessman myself.
But it is true then, that Glendale on L2 sitting at $10.00 (ask) RE:DBMM... Seems for them to come forward as the MM doing the DD they had, this is extremely significant info, eh??
Wow, can you imagine as say, an investor who own like million shares or so from days of .001, that if that PPS hits, nothing else in the world would ever matter again for the rest of his/her life...
Gusher TD had open trading from start. But by Spring, TD will consummate its merger with Schwabb remember, so we on TD have to learn new trading platform thereafter.
Yeppers, Just waiting for company to issue another PR after CE dropped earlier this week, maybe before Christmas Day??? GLTA.
The Company has been following the very specific guidance of OTCM compliance leaders since the new amendments took effect in September 2021 and continue to do so.
Lastly, OTCM instructions had one further criteria: “In addition to a Form 211 clearance, the company will need to remain current in its filings with the Commission”. On that note, DBMM has been proactive and established quite a track record of timely filings.
The Company wishes to thank all shareholders and investors for its continued support and once again looks forward to focusing on the future and announcing growth and business milestones and sharing the results. At that point, without distractions, the Company’s future will take shape quite quickly.
DBMM Management
LOCK your shares up if you own them outright. Not sure about other brokerages, but TD told me they are non-margineable securities, so means you buy/own them with cash, cannot buy on margin. A good thing...
I owe some apology here regarding margins and TD systems and GTC orders.
OTC stocks on TD are called "non-marginable securities" meaning you must have cash to purchase as I did years ago. Can't buy those on margin. Those "owned" shares like any other, you can place a GTC order for future date no problem, TC cannot sell/loan those to others. But in your account values on right screen, those profit gains do not show as realized until you sell the "owned" shares. Confusing yes. A gain/profit is a gain/profit, right..?
Now, if you buy non-OTC stocks (on margin) which you can do with their margin account, then the values (stock buying power) will show in right screen only for those as they gain/profit.
Yes Johnny, 8-K indicated more to come.... Much more...
Well said Overwatch !
Then let's go PINK and see this up near $1.00 level or higher.. Not this stupid idiotic chasing a penny movement stuff...
As far as those with TD, they sent me letter yesterday finally after 11:00am saying DBMM now is actively trading on their system and you can buy/sell as desired...
I saw that and buy volume was like 23 million but sell volume after 10:30 or so was like 43 million??? Only thing is over-anxious people chasing a penny or so movement and a gap created 3 days back basically closed as well.
Yeah good news continues here, but look at SEC Form 4's, why the hell is Mark Russell still selling millions of shares??? How many does he still have?
Anyone remember spnc in late 90's (dealt with excimer lazer technology)?? Owned it here around 15cents then. Went from OTC to Big Boards, run up to like $27.00 at its high originally. My best winner in 35 years .
Merry Christmas all !!!
Yep FAI, just look what was found out about Wells Fargo yesterday, and going back 10 years! A major highly licensed banking institution committing $Billions in fraud- hurt many people wrongly too..
Sick of what's happening to this once Great nation...
Hay payup, CE now dropped and all regulators/FINRA/SEC, etc agree DBMM in total compliance with all securities industry reporting requirements and active to trade in US...
Well, CE designation is now off DBMM on OTC Markets.com. Clear to actively trade within USA again !
Could this hit 50cents by Christmas possibly? Anything is possible out there...
Rocket Lab Prepares to Launch First Mission from Wallops Island
10:02 pm ET December 17, 2022 (BusinessWire)
Rocket Lab USA, Inc. (Nasdaq: RKLB) ("Rocket Lab" or "the Company"), a leading launch and space systems company, is preparing to launch the Company's first Electron mission from U.S. soil on December 18 between 6-8pm ET. The mission will take place from Rocket Lab Launch Complex 2 at Virginia Space's Mid-Atlantic Regional Spaceport within NASA's Wallops Flight Facility - a launch pad developed to support U.S. Electron missions for government and commercial customers.
Bottom WE ALL HAVE DEBT! Every business and now every Citizen because of Biden Admin... What's your point?
8-K Out Friday 12/16/22 on OTC Markets/SEC.
Item 8.01. Extension of time to issue a decision by the Securities and Exchange Commission.
The Securities and Exchange Commission extended the time to issue a decision to March 6. 2023 regarding the Final Order of the Dismissal issued by ALJ Carol Fox Foelak on November 12,2019. The Company’s requisite filings under Section Section 13(a) and Rules 13a-1 and 13a-13 registered pursuant to Section 12-g of the Securities Exchange Act of 1934 are timely and filed in Edgar. The filings were cured timely and available to the public prior to the Dismissal and remain timely.
The Company believes this was a perfunctory decision, as the legal Standing Order remains the ALJ’s dismissal of November 12, 2019. Since the dismissal, we have, in good faith, filed all of the requisite SEC reports on time or early. That comprises 13 10-K’s and 10-Q’s. The disclosure included in our 10-K for 2022 is evidence of the Company’s transparency, and provides a full description to the public. This public disclosure of the Company’s delayed filings matter caused by external mitigating circumstances is known to all. The Lucia decision from SCOTUS allowed for “remand and new evidence” to be put forth, which Digital Brand followed. The dismissal was forthcoming with the ALJ stating she had considered all issues raised in her dismissal decision on November 12, 2019.
In closing, the shareholders and the Company have been damaged by the external mitigating circumstances/events, as well as the protracted delay, including the pandemic, during which Digital Brand filed every 10-K and 10-Q on a timely basis as a show of good faith and intent going forward. The Commission provided for extended reporting timelines in recognition of the hardships of the pandemic, but Digital Brand followed the judge’s direction in the dismissal and filed on time.
The Company’s stakeholders following FINRA clearance and timely filings all believe the removal of the Caveat Emptor icon will close this matter.
Thank you Santa_Barbara
Sounds good, but if you are purchasing on margin account, GTC Orders have no validity. ONLY cash purchased shares of any stock...
The PLUG power association you would think this would skyrocket? makes no sense.
On Other hand, SEC files right now show a massive sting went on and penalties of like $100million imposed on group of individuals parading in various online stock forums to purposefully assault/attack in manipulated shortsell schemes. Redditt running the story and there were names (including) I-Hub where these people would constantly show up.
AND Overpopulation in USA today- Too many people, not enough resources to go around. BTW, did you know that an earth mover uses 150 gallons of gasoline an hour to move 500,000 lbs of earth to get the minerals needed to make ONE battery for a Tesla. Sounds "green" to me. LOL
power you saying this stock will fall at least $110.00 from here ??? Interesting...
Like things Elon's been doing but he is not All TO EVERYTHING OUT THERE. i TWTD HIM OTHER DAY IN FACT REGARDING THE ELECTRIC SEMIS, MADE NOTE PERHAPS TALK WITH nkla WHO ALREADY HAS SEMIS OUT THERE IN TRIALS AND WORKING CONDITION, WITH MANY FORWARD ORDERS TO FILL EVEN, AND PERHAPS SOME SORT OF MERGER THERE??
Amount of energy needed to lift 1 pound weight 1 foot high...
Yeah I twtd Elon about that and said, Hey don't you know NKLA already has semis out there, more forward orders to fill in fact; perhaps look at some type merger between two companies/?
Well silver, then who is keeping this under $5.00 threshhold you may want to ask???
SHAREHOLDER’S UPDATE — DECEMBER 7, 2022
DBMM 07 December 2022 Company Update
Digital Brand Media & Marketing Group, Inc. (“The Company” and “DBMM”), and its brand, Digital Clarity (“DC”) continue its intention to keep shareholders, long-term investors, and supporters, up to date with the company perspective and more importantly, hard facts and context. Our Updates usually follow SEC filings or time-sensitive events, while all stakeholders patiently await the return to normal business and long-awaited, normal trading.
This Update follows the practice of providing information to put all stakeholders on the same page, which includes the timely filing of yet another annual, audited report, the 10-K on November 29, 2022. We encourage all shareholders to take the time to read the MD & A carefully.
The Company’s 10-K exhibited the ongoing support of Long-Term Investors since October 2017, with others in the queue for growth through new business relationships and capital infusion. Its brand is slowly returning to 2018 revenues of $536,501, and with external hurdles behind us, growth and expansion will leverage its margins of 35-55%. We only mention these documented results as facts with transparency to eliminate the white noise of the non-shareholders playing misinformation in a loop.
The facts are since the last Update, there have been several major events that follow Management’s strategy to return to normal business and normal trading in a pragmatic way. The Company has frankly been hamstrung from the protracted SEC Matter which should have been concluded with the Dismissal from ALJ Carol Fox Foelak on November 12, 2019 as was intended by her full consideration of all issues raised and stated in the document. The fact that a Dismissal by an ALJ has never been delayed via a Petition for Review (PFR) by DOE, is simply because they can by knowing PFR’s are granted as a courtesy.
Not only is it a disgraceful waste of the Company and the Commission’s time and money, and a distraction and impediment to a return to the Company’s normal business, it is disrespectful to the Commission process. Government Agencies each have Inspector General stewardship reviews to address overreach among other bad judgment oversight.
“Protecting shareholders “ was cited in the Dismissal and the Company intends to continue that strategy. It is Management’s position that the fifth extension to March 5, 2023, is a holding pattern while other events take place. Therefore, the SEC Matter will close in due course.
In the interim, further clarified by new amendments to the SEC’s Regulation 15c2-11, instituted on September 28, 2021, the SEC delegated authority for OTC Reporting of requisite public information to OTC Markets. (OTCM). This was a very significant realignment. In that role, DBMM was acknowledged Pink Current, Unsolicited Quotes Only, by OTCM and was shifted from the Expert Market tier to Pink Current. The Caveat Emptor (CE) designation was defined as US brokers could not open US Retail Market trading while the CE remains on the symbol.
Ongoing discussions with OTCM further outlined the strategy going forward to remove the CE from the DBMM site on OTCM. The next step was for the Company to identify a sponsoring broker to make an application via Form 211 to FINRA. This is an extensive due diligence process between the Company, the broker, and FINRA. As the Company Updates of Oct 27 and Nov 7, 2022, stated: FINRA cleared the Glendale Securities application on October 26, 2022. To reiterate, “…the submitting broker-dealer has demonstrated to FINRA compliance with FINRA Rule 6432 and SEA Rule 15c2-11 when quoting a security.”
This was a major accomplishment and a major milestone for DBMM. Clearance followed Management’s one-step-at-a-time strategy so there would be no ‘do-overs,’ and be one step closer to a return to normal trading.
Once cleared by FINRA, the Company was eligible for OTCM review and removal of the CE designation, following their process. The Company made its request on October 27, 2022, and is currently in the midst of the review. Same process as FINRA, same information, but different iterative roles. It may sound a bit bureaucratic, but such are the wheels of regulation. The Company has been following the very specific guidance of OTCM compliance leaders since the new amendments took effect in September 2021 and continue to do so.
Lastly, OTCM instructions had one further criteria: “In addition to a Form 211 clearance, the company will need to remain current in its filings with the Commission”. On that note, DBMM has been proactive and established quite a track record of timely filings.
The Company wishes to thank all shareholders and investors for its continued support and once again looks forward to focusing on the future and announcing growth and business milestones and sharing the results. At that point, without distractions, the Company’s future will take shape quite quickly.
DBMM Management
Read the 10-K just out too! Time for all illicit crap to cease in US markets...