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Gotta get through all the flippers
It's coming soon
Go DBMM!
Looking forward to a run up to 1-2 cents in the next two weeks
With truffle sauce?
Just some extra DD on the newly appointed acting chief ALJ taken from news posted November 27 of this year from the SEC website.
Acting ALJ chief
Looks like Judge Foelak was recently appointed acting chief on December 1st and will continue to be acting chief for 120 days followed by two others who will also serve as acting chief for the same period of time.
Looks like they are looking for the new chief ALJ and each of the three candidates will have an equal chance to prove themselves.
DBMM's case will be a monumental one for her. Definitely think she'll want a win here for herself meaning her ruling to be upheld.
All imho
Go DBMM!
Awesome find!
So Samantha challenged the ruling of the chief ALJ.
Looks even better for DBMM!
Damn you guys are lucky. I wasn't able to get any on that dip.
Good time to load!
If you feel the division has been the wasting shareholder's time, we should make a formal complaint.
I know I will.
Complaints against Samantha can be made here
SEC Complaint Form
Go DBMM!
Don't think anyone will have an idea timing wise. Really will depend on how long the Commission takes to review the petition and then what actions they will take after. ALJ has no say at this point, she's done her job. What happens now is to be decided by the Commission.
Either A: they disregard the petition and the Judge's ruling on dismissal stands. (Pretty high probability of this right now)
Or B: Commission finds grounds and does not agree with the judge's ruling and a formal appeal is next.
All imho
Go DBMM!
I did the same as well.
SW would have filed petition earlier if she found any grounds whatsoever to dispute the judge's decision. Saving face is one thing but the fact that she waited until the very last day tells us it's a last ditch effort. Even the arguments she makes in her petition is simply a regurgitation of her previous arguments which the judge has already taken in consideration when the judge made the decision to dismiss. Nothing new there. If there's anything I would dispute is that Samantha mentions protecting shareholders in her petition yet her actions show the complete opposite choosing to wait until the very last day to try to drag this on.
All imho.
Go DBMM!
Great Shareholder Update by the company!
I like this line from the update per company:
The Company’s strategy continues to follow the Judge’s Decision, and a request for review by the Division is procedural at best.
Thought they would have waited till the Order of Finality to be submitted before this update but the fact that they are releasing this in light of the petition tells us that they have an extremely positive outlook in regards to the Judge's initial decision holding firm.
All imho of course
Go DBMM!
LOL nuff said
the more this gets prolonged, the more it further confirms my belief that there may be certain parties protecting the shorts hard. Waiting till the final day to file a petition? hmmm indeed...But of course she needs to file a petition to save face.
all speculative of course and all the above imho.
Got my party hat ready!
Phew what a 21 days it's been. Congratulations to the company on achieving another milestone. Now we just have to wait for the commission to file the Order of Finality if they haven't done so already after which I'd expect the company to release a shareholder update once their lawyer gives them the go ahead.
Go DBMM!
This is the MFPOAP (MFing Post Of All Posts!)
Go DBMM
Boom time baby!
Santa coming early on Dec 3rd this year.
Thank you for clearing up the Preferred Cs sello. Much appreciated.
90 days from September 18th puts us right around mid December.
Looking forward to that and the Q. Fingers crossed! Looking forward to a green Christmas for PCTL!
all imho.
Here's to upcoming filings and lots of green days ahead. Cheers!
Quote: I’m already maxed out on my tax losses for this year (lol) so I’ll be holding regardless.
ah man well here's to hoping you see nothing but green for the month of December!!!
Good luck!
Alot of truth here. Not sure why so many are thinking the assets will transfer to the new company.
To simplify things further for people who don't understand.
Let company X be Liz's company
Let company Y be the new incoming company.
The filings that you see previously was company Y using company X's financial information. All the assets and zero debt you see solely belongs to company X which they will take with them when they go private and has absolutely nothing to do with company Y.
As of right now, we don't know a single thing about company Y's financial standing, if they have any debt or what assets they have.
The play here for me personally is simply company Y taking over a clean shell. If the incoming company Y is huge and has no debt and great assets, then this will shoot up even more.
All imho. Good luck.
Preferred C's actually convert to 550 mil shares not 500. If the terms of the preferred C's are in fact rigid then the OS cannot exceed 450 mil. It's currently 467 I believe per TA from the last count.
Will have to wait for the Q to see what's the updated status. I believe it was mentioned a week before last that the Q was going to be a couple weeks late again. I'm pegging it to be released hopefully by end of next week or earlier. That Q for me personally will determine if I sell for tax loss or or hold.
If there's more conversions still to come in December, I'm selling as the SP will either stay at this level or fall for tax loss purposes. Will be ample opportunity to buy back in again if this is the case. I'm really hoping they have found a way to address the debt issues and how they will fund their operations moving forward. New hospital installations take about 6 months to be fully implemented as they have to go through trial and so forth which means we won't see the revenues from any new additions until next year.
Anyways long story short, I haven't been impressed at all with management. Awesome life changing product and I really hope in 2-3 years their product helps set the standard for combating HAIs but right now they have dropped the ball thus far if we are talking about shareholder value.
Fingers crossed that some sort of bridge loan has been agreed upon or they have found an investor with deep pockets. Giving them 2 weeks to see what happens. OTC markets will be going into a slow period soon as Christmas approaches.
All the above imho of course. Good luck to all shareholders and sending out positive vibes.
I'm secretly hoping this is the case :)
GO DBMM!
I'm unsure of this as well as to the process the company will need to take to get tier changed to PINK. If a form 211 needs to be filed which I think it does as it will need a market maker, will the process be expedited since their filings are audited and have already been vetted. I would also imagine that MMs would be jumping in line to get in on this as well.
I'm sure the company will update us on this process though.
all imho
GO DBMM!
Middle of next week will be the beginning of a fun ride up in the weeks to come. I know I'm looking forward to the shareholder update once Tuesday, Dec 3 passes. Hoping they are itching as hard as I am to release that update as soon as the dismissal is made official. Tuesday after hours will suit me fine but I can wait a little longer if necessary.
all imo of course.
GO DBMM!
Beautiful post and well deserved on their part. I love the underlying messages they are sending out especially the other one about time and patience. :p
al imo
GO DBMM!
Key takeaways from the annual report filed just now
1. As per the 10 K: After over 2 years, DBMM was able to attract new investors to provide the financing required to complete all delinquent filings and to keep DBMM current in SEC reporting, The Company received a commitment for future working capital in order to grow the Company in key markets, with the intent to move to DBMM profitability.
2. As per the 10 K: Going forward, there will be an emphasis on investor awareness as soon as the SEC open matter has been dismissed. DBMM has been current in its filings since July 2018 and are encouraged by the outlook after normal trading has re-commenced. DBMM intends to make significant strides in aggressively widening its brand exposure using a variety of digital and social channels. The expectations for fiscal year 2020 remain to return to normal trading following the dismissal of the SEC Administrative Proceeding regarding delinquent filings which were cured July 15, 2018. The Company intends to move ahead thereafter to the scaled, growth plan in multiple geographies to benefit all stakeholders.
3. As per the 10 K from their auditors: We have audited the accompanying consolidated balance sheets of Digital Brand Media & Marketing Group, Inc. and subsidiaries (the "Company") as of August 31, 2019 and 2018, the related statements of operations and comprehensive loss, changes in stockholders’ deficit, and cash flows for the years then ended, and the related notes (collectively referred to as the "financial statements").
Last but not least, this is how I feel currently:
Didn't you notice there was no mention in the news nor any official filing as to who they received financing from?
If you want to put out a PR stating you have received financing, look at the below link.
https://www.bloomberg.com/press-releases/2019-10-29/palisade-pipeline-llc-closes-development-financing-with-macquarie-capital-for-strategic-water-project-in-the-permian-basin
That's how you do it.
2 years, a reverse split, a ballooning OS, a working deficit of 39 million, I gotta give them a standing ovation for not just drilling any well but a water well.
MMEX strong indeed.
Wonder how much a bucket will cost
Thanks for this. Been here since the days when we were all looking forward to AMS. Glad to see them finally moving forward properly. Audited is always a huge plus especially in the OTC world.
Praying that it comes through in time bud. I think it will as they are pretty much trapped rats in a corner right now with no cash on hand. But I've been wrong before.
And that's just to cover notes. It doesn't include the conversions they would need to do to fund their operations on a day to day basis. Fingers crossed. Hoping for the best.
Agreed that there's no point selling at this time until then.
That being said though, if no updates are made addressing debt in December and we start to see conversions you might see a sell off for tax write-off purposes with people getting back in a month later.
All imo
You might want to call Gary yourself personally to confirm. I've talked to him a few times and he's pretty open in his thoughts about the company.
I'm sure a few others here have called this week as well when the Q was delayed.
Truth be told though, my main concern has always been the debt and it's really not much to begin with. My question is if their product which I believe is life changing, why are they having so much trouble finding an outside investor especially with the pps at these prices. Or have they already found one. The debt is chump change to an outside investor. I honestly think the OS increased could have been avoided if Gary was the CEO at the time of the Ontario deal. Probably would have done a better job of negotiating. Here's to hoping there's a possibility of something being in the works and they only have a couple weeks to update us if this is the case before the next set of notes are due.
All imo.
Thanks for the update.
you getting shook makes me shake shake shake doo dahh doo dahh POP!
For the emo traders, just buy and check back Nov 29 to read the Q and then check back Dec 3 for the final ruling. Going to be a ton of volatility as there are peeps trying to take your shares till those events come.