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This is the OTC. It is the WILD WILD WEST. Most stocks on this exchange have no earnings or revenue. DBMM is just lucky to have some revenue. It has customers. It has been through SEC Hell. I do not see a problem for anyone to buy a small position at these prices, maybe 100k to 200K to add to your speculation account. Buying millions of shares is Stupid. Happy holidays to all and be safe !!!
Obsession !
Picasso is on vacation !!!!
I just bought more shares !!!
I am not miserable. I just do not like the SEC and its other divisions. Yes the CEO of any company must get blamed. That is standard procedure. If they do proceed forward and create shareholder value, will the CEO get credit. Happy holidays !!!
The SEC could not even finish the investigation that they started. They were ready to revoke the shares and failed to do it. Their stupid lawyers could not even close out the revocation. Then they file Petition of Review, why bother. Petition of reviews take about 4 to 6 months to complete. It was 2 1/2 years and nothing was done. Petition of Review was never completed, just dismissed for other circumstances. Great job SEC, excellent work. A screwed up government agency with deliberate mis-action. I am assuming you support the SEC as expected. Happy holidays !!
Do you think the SEC will help them. ? The SEC wanted DBMM to go away. They created this mess. My guess is the SEC is holding up the application for the Venture market uplist. Remember it took 2 1/2 years to dismiss a Petition of Review. The SEC did not want the lawsuits. They gave 42 companies free trading status because of probable litigation, not based on company compliance. It was like putting someone in the middle of the desert with a few bottles of water and telling them to walk out to survive. DBMM has survived, but resources drained. They have limited revenue, no profits, and outstanding debt. I do not worry about the debt. Most companies have debt especially on the OTC . Debt can be deferred to the future. My suggestions ; Start picking up new accounts. Hire more employees. Increase revenue quarter to quarter. Look for a merger partner. Good luck to all !!!
DBMM will be fine. Look at GDVM as the pushdown in progress. Alot of OTC stocks getting selling and some may to tax related. Good luck all> I read the entire filing and most of it was expected.
It does look like the uplist will not happen this year. It should happen next year in the first or second quarter. They will need to produce news to bring stock price above one cent. Still reading the filing. No big events as expected.
Yes some people have moved on. Maybe you should join them. Good luck to all.
First of all, DBMM has a business model. Yes, they do have revenue, but not much. They were in litigation for many years with the SEC with a 2 1/2 year wait on a Petition of Review, not a court case, that was never settled, only dismissed by the SEC for their own internal mistakes. These are facts. DBMM management only won their case by fighting and staying around. The SEC wanted no more litigation and decided to dismiss the case with 41 other companies on a lame excuse of an internal breach between government agencies. That is my opinion. They have only been free trading for about 6 months. Good luck to all !!!!!
I agree with you in the opinion not to expect to much. But on the OTC anything is possible, but most is not probable. I have a suggestion for next year. Put QIND & ILUS on your watch list. THIS IS NOT A BUY RECOMMENDATION. Just keep an eye on them. I have no position at this time. Happy holidays !!!
You really should run for office !!!!!!!!!
First of all, you never invest in an OTC stock, you speculate with a position. Second, the SEC caused this mess not DBMM. They completely screwed up the entire process. Everyone here knows the SEC wants DBMM to disappear despite their mistakes. They have fought hard against a suppressive government agency and have achieved many wins. Good luck to all !!!!
We should expect an increase in revenue and a decrease in debt or debt consolidation. That would be positive.
I agree. Also even the uplist to the Venture market will have little impact on the share price. The 10-k is only there to show some improvement, maybe a few new accounts, maybe even an update on the uplist. I do not expect any blockbuster events. That would have leaked out and some heavy buying would occur.
Yes I agree with your frustration. My guess the company was not prepared for the positive outcome by becoming a normal trading stock especially in the way the SEC granted normal trading. It has taken them much longer than expected to move forward. We should see some new accounts posted in the next filing. I was hoping to get the uplisted to the venture market done this year, but it seems it may not happen. The SEC was not happy about granting normal trading. They wanted revocation or bankruptcy. They wanted DBMM to fade away and disappear. That has not happened. They created this mess and chose the current path when they could have overturned the judges decision. So now all they can do is delay any actions DBMM management tries to do. Even though DBMM won the decision, it was caused by internal problems inside the SEC. It seems the SEC is their worst enemy. They chose the current path to avoid litigation. They still have the power to disrupt any company just with delays. It took over two years just to complete a petition of review, which really was not completed, just dismissed. Can you imagine how long it would have taken if it was a court case. I only have a small position of 450K. I sold some shares above one cent and rebought shares at .0047. I needed some money for personal reasons. I may regret selling my shares.
Needs to break .0058. Resistance at that level. Support is at .005. It is just going to bounce around between these levels until news moves it higher or lower. Filings should be coming soon.
Now is the time for a meaningful update from management. Filings are due also. Has anyone else been getting nasty private messages?
Most of the OTC boards are like that, that is common knowledge. I even get nasty private messages.
GET READY !!!!!!!!!!!!!!!!
Just my opinion !!!
Google it !!!! The government is the insurance for shareholders. They will cover the short position and clean the books if Alpine files for bankruptcy.
Time for Alpine to file for bankruptcy. The appeal failed. Pay the 12 million dollar fine or Chapter 11.
Shareholders lost alot of money in WeWORK stock. That will not happen in DBMM stock. Good luck to all.
I think you and Idiot Mayor should run for public office. Now that would be comical.
Mostly buy volume today, yet stock price is lower. Trying to pick up shares at cheapest price. Running out of cheap shares.
Nice Green day, closed at the high of the day, increase in volume, lots of buys, LETS GO DBMM!!!!!!!!!!!!!
Get a life !!!!!!!!!
You are correct. Do not mind Idiot Mayor. He should be using his energy to run for office instead of wasting it here. What a waste.
My credibility is just fine. In the OTC there is no credibility. You will be 98 percent wrong on any listed OTC stock. Finding that 2 percent is the game. Good luck to all !!!!!!!!!!!!!
GET READY !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
We are all with you Love Pink. Everything you have stated is correct. I now know what is going on. It was all explained to me. I thank you for getting me involved in this adventure. Good luck to all !!!!!
I have been involved in many tips on the OTC and other exchanges. Almost all of them failed. I have had family and friends involved. The only stock tickers that worked was REGN and Facebook. Regn was trading at $ 15.00 per share and was told to buy and forget. Look at it now. I see no problem in DBMM to purchase a small position from 50K to 200K and sit and wait.
Now that is funny !!!!!!!!!!!
You post negative when it moves down and you post negative when it moves up. It seems whatever the share price, will be a negative post. You really need some rest. Being positive is not a weakness.
Give it a rest. They failed the first time with 50 days above one cent. My guess there application was denied. It could be denied again. Just another tactic by the SEC to avoid doing the right thing. They have no one to answer too. I still think you should run for office and clean up the mess in Congress. All your efforts here are wasted. Good luck. This is only my opinion. If you are looking to buy shares, this is a good time. I suggest a small position as a speculation to your portfolio.
So lets speculate and say the SEC bans naked shorting for everyone in the U.S. What about outside the U.S.? What happens to current naked short positions if it is banned and dissolved? Do they get cancelled or do they have to cover to clear up accounts. Good luck to all !!!!
Excellent article. The entire process of naked shorting which is illegal was explained to me many months ago by a retired broker. The article refects everything he said and more. The big prize in when the company files for bankruptcy and the stock is cancelled and the short position returns a 100 percent gain.
The only thing I expect is what was in my last message. All the items you mentioned are logical, but have a very low chance of happening. When Alpine files for bankruptcy is the only change for covering. This is only my opinion.