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Dbmm is junk.
Those of you that think you for a deal on those .0001s should sell before the r/s.
Billions in Dilution... unless they lied on their financials.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10106804
you can also check the next quarter filing or the one 2 yrs previously or 4 years previously and you will see the same billions in dilution.
Show me!!! give me any date in the last 6 years (other than the one I already mentioned) where you could have bought shares and sold them for a profit. I don't call 1 tics profit unless the pps is .0005 or less.
There is no ROI at DBMM. In the past 6 years there has been 1 opportunity for a ROI which happened a few months ago when the pps went from .0010-12 area to .0018-20 range. about 15mil shares could have been sold for profit. that's 6 year for a ROI of no more than $3000. Every other share bought in the past 6 years is now owned by a bag holder! This company is a scam, if you prefer a more politically correct statement it is an ATM for Linda and Reggie.
My statements are fact and can be fact check by anyone with the ability to pull up a chart on this company.
You may as well say the O/S is 500mil because it will change to 500mil in a blink of an eye.
The 10k will show dilution. it will also show no growth or anything to support that DBMM is nothing more than an ATM for Reggie and Linda.
This company is crap. The best advice I can give is sell your shares while you still can, sell them before Reggie and Linda can sell theirs (in the form of dilution)!
To break it down for you... The company sells shares, then the company pays reggie and linda, lets just cut out the middle man and call it for what it is, reggie and linda selling shares.
Don't buy this POS.
They have done exactly what they have done the previous two time (diluted down to .0001) and they will R/S as soon as legally possible!
Burning your money in your house will provide a better ROI than this company ever has.
the news will come the same day the a/s is increased
definitely!!! I will sell them to you for $3.20/share and if that isn't sweet enough they have a conversion rate of 1:10,000,000 if you ever want to trade them on the market.
Im thinking a SS of 10trillion shares authorized, o/s 10bil, and float of 10 shares. that's right, ten shares on the float. pps will be $104.95/share. If the pps starts dropping its just cause the mm are covering shorts cause I would never dilute.
I meant they were selling in the form of dilution...
and yes they most definitely could trade shares and there is no restriction on number, the restriction is on days i.e an affiliate can only sell shares 365days after that affiliate discloses the amount of shares owned and only the amount of shares disclosed can be sold by that affiliate. A non-affiliate of the company can sell 6 months after public disclosure of shares. A promotional company is considered a non-affiliate and a board member is considered an affiliate by definition in the same SEC law. I am sorry I don't remember which section it is or I would provide it, but that is the law.
and as far as shorts... LMAO
Reggie and Linda sold yesterday and I don't consider them fools. they have been selling air for 6 years and people keep buying it!!!
If I had only 1/4 of their skill I would be a billionaire. I have so much air outside my house it isn't funny, I just cant figure out how to sell it.
Shocking that anyone buys this stock
Reggie and Linda made $12,000 today. I can't believe anyone still buys into this company every bit of factual DD out there leads to dilution to .0001 then a r/s in 17 months.
If you have to much money and want to throw it away then give it to me... I will donate it to the church of Jon. Hell if you need, I will write you a quarterly report and inform you of how im spending it on hunting, fishing, vacation, hookers (high class hookers of coarse, im a professional) ect...
Not into hunting and fishing? Ill write you a quarterly report about anything you want to hear, heck, you can call me reggie if it makes you feel better.
its like I have seen this before... Ohhh ya, this is how DBMM always repays its investors.
when it hits .004? did you mean .0004?
you are talking about .004 and .002 and this POS doesn't even have enough bid to support .001. What volume are you expecting? DBMM have some amazing pr that will cause volume? their pr could say at&t is going to buy dbmm at $1.00 a share and no one will believe it because dbmm has lost all credibility.
buyer be ware... stay away from this company
TFP,
I see ur alias born in 2006, so you have been trading for more than a day... (please don't take this disrespectfully) but some of the things you say make me question whether you are an investor or a promoter. So im gonna ask... are you a promoter or have an affiliation with this company, or are you a shareholder, or both?
all of that means nothing because they will increase the a/s as soon as volume hits. you want to see this thing move? have DBMM post a pr stating they will not change the a/s from 200mil for the next 365 days. however the company will never do that because they already diluted all of their shares and would make no money from it. the only ones that would make money would be the investors, and based on their history they could care less about their investors.
proof they could care less about their investors:
with this ss dbmm should be trading above a penny, but it trades at .0009. That to me is a sign that nobody trust the company or the administrators in that company.
without that pr, this will see .0001 before it sees .0029
no, it would cost me more in commissions than I would make off of the shares I own if I sold them. I refuse to buy another share of DBMM.
SF,
Same exact thing I said about DBMM in 2010 and again in 2014.I actually tried to run this stock in 2014. The problem with this company is, on a significant increase in volume this company will increase the a/s that day!!! I couldn't believe it either; how can a company increase the a/s on the exact day I run it? pure accident right? a few weeks of accumulating millions of cheaper shares I decided I was in a position to run it huge. threw thousands more at it and again they changed the a/s the same exact day it started running.
maybe with this company I have the worst luck ever! But since 2010 I have tried to run this company 3 times and every single time the SS changed the day I tried to run it (the first time the float increased by hundreds of millions of shares and the company diluted the hell out of my run.
your criteria is a lot like mine in buying into a company with the exceptions that I look for companies with an o/s of 400mil or less, and I read all filings and based on SEC laws I know when shares can hit the market. however, unlike most pennies dbmm always dilutes on any and all volume!
This company could run like crazy, I could run this on the next trading day to .01 without batting an eye(even after being burnt 3 times I thought about it last week) and profit profoundly off of it. I was really close to doing it but thats when I realized this company can never afford to let that happen and will increase the a/s the second it starts running.
I actually think they may have learned to make their ss look weak and entice larger investors to try to buy a majority share just so they can pull the carpet out from under. All the SC-13Gs would support that. I say this cause a reporting company that can be bought for under $1mil is a lot cheaper than taking an existing business and paying all the expenses to put that company on the market.
I wonder how many of those larger SC-13Gs are a result of people notifying Linda et al they have a majority position, just to find out the SS was changed that day?
I agree you can have 10bil series 1, series 2 preferred shares of DBMM and based on DBMM filings, you have ZERO voting rights or power.
This is based on their September 24th, 2015 edgar filling to the SEC. The filing states:
"One share of the Company ' s Preferred Stock- Series 1 is convertible into 53.04 common shares and with the Company ' s acquiescence, and has no voting rights."
Therefore, he who owns 106,080,001 shares owns this company and can do what they wish to this company.
Because of this, as soon as volume picks up the company has but 1 choice... increase the A/S
Now, I am not saying they haven't since changed this... I'm just saying if they have changed it, I can't find it in any of their fillings.
I was wrong, based on the weight of preferred shares in DBMM I would have to own 108mil shares +/- 500k shares to own 50% of this company... This is not opinion, it is FACT.
This is based on the change the company maid in the most recent 10q to it series 1 preferred stock. Based on the old numbers I think I said I had to own 101mil shares to own 50% in a previous post.
106,080,001 to be exact is the amount of shares required to be the majority share holder based on the current SS. Once again, this is not opinion, it is FACT. This includes all shares (common, preferred, series 1, series 2, ect).
The debt??? Lmao
look up "Black Scholes Accounting"!!!
About 2 years ago this company wrote in their filling that it is a one for one!! therefore, even if the other 65mil shares were all preferred shares the 135mil still have 135mil out of 200mil votes. BTW, this is their filing, not mine, and if you do your DD you would see that.
Why this can't run!!!
Follow me here... The a/s is 200mil, the o/s 130mil. if it ran all the way to .004 and 101mil shares were traded then that means someone just bought this company for under $400,000. it would probably be the cheapest company ever sold at that price. The CEO can't afford to let this run with the current SS because he would put the company at risk of being taken over!!!
Therefore, as soon as the volume starts picking up the a/s has to increase to protect the company.
If you think someone wouldn't buy this company for $400,000 then think of this... so far this year this company has raised over $150,000 in revenue from selling shares... would you invest $400,000 that has a 4 year 100% return? At 101mil shares you would own over 50%, fire all current employees, sell the same scam they are, and laugh all the way too the Keys.
Must read if your thinking of buying into this company
your joking right?
"the company has been responsible with its issuance"?
in last 5 years DBMM has increased its a/s twice to 10billion, and because of this it has issued two r/s. you can do what you want with you money, but for all those not in this stock, I warn you to stay away! For those of you in this stock you should cut your losses IMO.
From the very recent history this company has almost never provided an investor a return on investment. I say almost, because those that were smart could have got a 75% ROI last week, and those that sold for 20% still got a bigger ROI than any investor in the previous 5 years (the chart don't lie, look at 5yr chart and see if im lieing).
I have followed this company for over 5 years and have conducted hundreds of hours of DD. I never once invested on the company, but I did invest on SEC regulations and figured I had at least 18 months prior to the company being able to r/s. in those 18months the company did nothing to attempt to provide investors with a ROI. The CEO would not return phone calls, not even to a person that owned... well.... a poop-ton of shares!
Save your money!!! if you want to get risky, burn your money. you will get a better ROI!
it has already ran twice in two days, the problem is who is going to buy those shares when it runs? Look at the chart, this stock hasn't run in 5 years, because every time it is set up to run it meets an increase in a/s, o/s, and float.
I full heartedly agree it is set up perfect from a run and should test .003 if it does run, but like I said, with no backbone to support the company no one will buy those shares when it does run.
I have read the filings, and they do not disclose any overseas investor!!! Therefore, the only legal means for an a/s and o/s to increase in October and those shares to hit the market in December is dilution in the ballpark of 125mil shares. I am not speculating... This is fact! the only way it isn't fact is if DBMM is breaking SEC laws.
furthermore, with the pps continuing to decrease, in order to maintain sufficient authorized shares to cover it's outstand debt DBMM is going to once again be forced to increase its a/s which we will most definitely see prior to start of next quarter. fact!
All this said, based on the volume the dilution has been absorbed and if the company can produce one piece of legitimate pr the stock can run. however, in the past 5 years they have not once been able to do this so instead they increase the a/s and o/s and more dilution will follow. (this is me speculating)
Has to be dilution. Short of sales to overseas investor there is no legal means to increase the a/s and o/s, and have those shares trading this rapidly (2 years for affiliate of company, 1 year for none affiliate, no regulation timeframe required for overseas investor). Of which either of those three have to be disclosed. BTW, this is fact!!! It is also law.
This company is garbage. However, yesterday they posted the largest ROI in 5 years (minus the 2 r/s in last 3 years of coarse). If you still want to buy this company tho, I think you should call Linda and see what she has up her sleeve.
Linda Perry
(646)722-2706
I was going to take the time o explain the legalities of what you quoted, but I just don have the time. Long story short and loose translation.. "our revenues last year came strictly from investors, our long term holders (CEO, CFO, ect...) cant not legally sell their shares yet, but we know this ship is sinking so we are checking the blocks so we can follow rule 144 and sell our shares appropriately depending on affiliation; we have to increase our a/s but don't want to do it so much that our market cap will drop, and we know the market wont handle a big increase since our pps is already .003".
This is chess not checkers, and I been making a living playing it for 8 years. I had to learn my lessons the hard way and you will too. But for those that don't want to learn the hard way, Don't buy this company. It will be a shell in under 36 months IMO. And if you are interested in buying shares of shells, I have a ton I will sell you for a great deal! A couple of them I own most of the float!!! lol
Don't buy this POS
Your kidding me right??? I did check the financials, I also see they once again increased A/S. I have followed this company for over 5 years and I am positive there will never be a ROI for 99% of those that buy in. in 5 years I have seen 2 r/s from this company and in about 20 months they will r/s again!!!
don't buy anything related to DBMM.
Who would be crazy enough to buy any stock associated with DBMM furthermore, what ligit company would associate with DBMM?
ITS NOT GOOD,
I can promise you that. All you can look forward to with DBMM is an increase in A/S, O/S, and a decrease in pps. the chart will soon start to look like a cliff that drops to never never land and then it will go vertical with the next reverse split which will happen in 24-30 months.
so, a little over two years ago I started buying shares in companies as soon as they hit.0001. my thought process was I am bound to get at least 100% return on at least 50% of the companies and maybe as much as 75% cause all of these companies aren't dumb enough to R/S then dilute to .0001 and R/S again. Nobody in their right mind would ever buy those companies if they r/s twice in 3 years.... right??? the CEOs have to know that no one would ever buy their stock again...
ill tell u from experience, buying .0001 stocks is not a good strategy at all!!! the only good thing is my tax write-off this year is going to impress the shit out of my accountant.
Company is junk!!!
it hasn't ran in 5 years. if you could short this company u would be a billionaire in 1 year
Do not buy this stock!!!
I have traded this stock for 6 years and each time said this will be the time it takes off, but no, each time the company dilutes to the point of no bid then has an r/s. Save ur money for anything but this.
Don't buy this stock!!!
DBMM has a history of diluting to no bid then r/s, I have traded this stock for over 6 years and never once made money on it. Say your money for anything other than this stock.
hibernation is over, time to start moving this thing!!!
Hold your shares... don't sell with the sell-off, it will be stronger for the next bounce if you hold.
almost time for me to load up again
This thing is looking better and better every day...