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Shorting, there could be though I think it would be highly risky to do that now. Personally I see low vol takedowns to scare others out of their shares so a group can accumulate. All imo of course.
You are correct that it's 5 calendar days.
Here's the info per the NT form they submitted
Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date;
I also share your pain.Here's to hoping they don't take another month like they did last time to release this.
Been here since July and have noticed a trend in the way the management releases news in conjunction with note conversions. Won't say anymore on this as I'm sure some others have noticed this as well.
Awesome product and but at the end of the day this is the OTC. Gotta have an exit plan. Management as it has been stated many times by many others in the past is a little suspect. I'm here still holding out for the debt to be addressed and to see if a few things I've calculated in regards to the SS hold true in events to come. If not, then I've got my exit plan.
More Act Bill just approved by the House Judiciary Committee to end Federal Marijuana Prohibition. Vote was 24-10. Next stop, needs to go through the House. Assuming the incoming company is going to be in the MJ space, could this have been part of the reason for the wait. This is purely speculative of course and all imho.
It ain't timber here lol. Just a takedown on low volume. Going to pretty much churn at these levels till the Order of Finality is submitted to the Judge. Also have the Q to look forward to end of next week as it's due Nov 29 and I fully expect them to file that on or before that date. You know what else, their filings are audited.
Facts are all there guys and this is clearly going to go up hard once that final official ruling comes down. If you don't want to listen to anyone here, then just read the filings.
all imho
yw good luck!
There were two companies on the same docket that the judge was overseeing. DBMM was one and the other company was Intellicell Biosciences.
The case ID you are referring to is the Judge's decision on Intellicell. ID-1390 states revocation for Intellicell Biosciences.
The one you want to look at is ID-1389 which is details the Judge's decision on DBMM which was dismissal.
This needs to be stickied
Good luck to you as well. Wishing you and your plays all the best.
If there were that many shorted shares from pre suspension that needs to be covered and if some of those shorts are Asher boys, I'd imagine the company will want to see the SP rise to exponential levels to absolutely destroy them for putting them through all this crap over the last 2+ years. Here's to hoping
All imho
As always it' all thanks to your hard work LP!
Decided to look up some of the companies that Synergy are partners with.
One of them is Techno Trends located in Spain. Website is in Spanish but all you have to do is scroll down to the bottom of their page and you can see their partners. Any names pop up? :)
Website below
https://ttrends.es/
Suggest you take a look through some of Synergy's Partners to see how legit these guys are.
all imo
Also, given how closely the company will be watched by the SEC after this dismissal is finalized shortly, I would fully expect the company to tread carefully and to be meticulous in its operations. To add to that, given the partnerships they have as well with other respectable companies, I'm sure the company will want to work towards keeping those partnerships intact which in turn will benefit us shareholders.
This win was quite unprecedented and I'm sure the SEC will be watching them like a hawk. You really think the company after fighting for 2.5 years will go pull a reverse split or dilute the heck out of this immediately after this? Especially after they specifically stated in their filings to the judge that they want to increase shareholder value.They would just be giving the SEC an excuse to come knocking again.
Is it still a possibility though? Yes but I think it's much more highly probable that they won't in the short term.
I personally feel the upside is high and we have yet to hit the actual momo that this will bring. We are just getting a small taste right now of what's to come.
all imho of course
Please read the filings where they have stated that they have obtained 3 mil from an investor (yes the investor has a right to first refusal) to help them satisfy the 1.4 mil note obligation if necessary.
Holy look at Synergy Sky's partners.
https://www.synergysky.com/partners
It's global. They have got partnerships worldwide!
Successful company here with alot of reach and connects.
Awesome that Digital Clarity has now formed a marketing partnership with these guys. Says alot about the the trust they have in Digital Clarity.
Go DBMM!
Awesome thanks for this!
10K for period ending August 31/2019 will be due soon on November 29. Pretty sure they will be filing this either before or on time.
This was from the last K for 2018
The Company has outstanding loans and convertible notes payable aggregating $1.4 million at August 31, 2018 and doesn’t have sufficient cash on hand to satisfy such obligations. However, during fiscal year 2018, loans of $188,045 were raised from the new loan arrangements. The Company also has a non-binding Commitment Letter from an investor of $250,000 which also includes a right of first refusal on additional capital raise up to $3 million which will contribute to satisfying such obligations and fund any potential cash flow deficiencies from operations for the foreseeable future.
Looking forward to reading this one!!! We are golden if that 3 mil investor will satisfy the 1.4mil convertible note obligation.
GO DBMM!
Honestly at the end of the day, OTC plays are all about MOMO. That's why you see companies with tons of debt suddenly run up in sp and why you might see companies that actually have a product doing so sht.
Does DBMM have debt. Yes it does. 99% of companies here on the OTC have debt.
Does the share structure allow for DBMM to run to a price of 30-40 cents given its current revenue. Probably not if this was trading normally. I mean that would put this at a market cap of 225 million (roughly taking 750 mil shares and multiplying it by 0.30)
But this isn't trading normally. It just won a dismissal and what the company has is a ton of Momo going for it right now. Keep in mind company is also a PR type of company so I expect lots of news going forward which will add to the Momo. This could potentially blow right through dimeland.
In short, I believe SP will rise BUT always have an exit plan in mind. The company stated they do have a possible 3 mil capital stream (it is non binding and the investor has a right to refusal). If this could be used to pay off the convertible notes then SP will go to crazy numbers but if not, then obviously there will be dumping along the way.
Tons and tons of Momo still to come is why I'm holding but I do have an exit plan in mind should things start to go a certain way.
All imho
I'm with you.
We are going to find out shortly if what they have stated in the last k is true.
The increase in AS as they said was to not only pay off the notes that were due but to also strategically allow them to maintain control of the company to prevent takeover. If that's the case, taking the preferred C's in consideration then dilution should be over now given the current OS numbers and there could either be an angel investor (highly likely) or enough sales to cover the upcoming notes (not likely I don't think just yet maybe next year)
Either way they have a couple weeks left before the December notes are due. Either we have more dilution coming or they have found a way to deal with the debt. I'm leaning more towards the latter.
All imho
All credit goes to you bud!
Something to keep in mind.
SEC has to file an order of finality and can petition WITHIN 21 days not IN 21 days. There's a difference meaning if they choose not to petition and go straight to filing the order of finality, it could happen much sooner than the 21 day period.
Given the fact that the SEC has now uploaded all the previous letters that DBMM filed that weren't previously available to us before, I think it's conclusive to say that they aren't going to petition and will move to file the Order of Finality.
Could happen sooner than the 21 day period all...
Wouldn't want to be caught chasing. Would be funny if the order goes through say tomorrow? :)
All imho.
Good luck all.
The only way this gains momo again will be if management addresses the debt. Substantial amount of notes are due starting beginning of December. Let's see if anything happens before then and if they have managed to find an angel investor which fingers crossed I'm hoping they have.
Would love for this to be at around 1-2 cents before the order of finality is submitted and uplist occurs but realistically, this will probably trade sideways until then. But there's always hoping especially as we approach the days leading up to the final decision.
Who knows, maybe the SEC might drop the order of finality before the next 19 days are up. Would be a nice surprise.
All I know it's I'm holding in case that order drops beforehand. Would be nice if it does and catches all the flippers off guard.
Been too long of a wait. Boom time coming.
https://www.sec.gov/alj/aljdec.shtml
Go here to look at the files
That's my hope as well
Do you know what the best thing about this is?
No pump is needed. Facts are all clearly laid out per the judge.
I'm personally in uncharted waters here. Never seen a company beat an OIP/suspension/revocation before.
Another huge fact is this company has audited filings.
If you think the Momo is huge now, wait till the official dismissal occurs, company PRs and uplists. That's going to be another thing in itself.
Longs ain't selling anytime soon. Going to be a roller coaster ride to the top except I can't see the top.
Don't think management will release a PR just yet about the dismissal until it's official. The judge did order a dismissal with yesterday's ruling but needs to see an Order of Finality submitted by the commission to make it official. Commission has up to 21 days to appeal but highly doubt they are going to appeal this especially with the judge's ruling yesterday.
I think once the order of finality is submitted then we will see a PR. Personally don't think they will take 21 days and will happen sooner as imo don't think they want to waste the judge's time
This is definitely a historic moment. Not sure how high this will fly but it will fly high.
Good luck to all especially longs who have been here for 2+ years.
I would imagine the big jump in pps to the 10 cent plus range that lovepink predicted to occur when that order of finality is sent by the commission and when the company uplists to Pink but who knows. Could get there before then :)
This is huge. Compared to some of the previous companies that have come off the greys in the last month or so, the difference being this company actually has audited filings and an actual business.
Also looking forward to the company update as well.
Thanksgiving wishes came true :)
The last paragraph states that parties have 21 days to file a petition. I hardly imagine that the commission will want to challenge the judge's decision though. The judge also stated that the company is CURRENT and revocation is not necessary but there's a warning to the company not to be delinquent again.
Over two years of this finally coming to an end.
Time to spread the word all!
Boom time is coming
wooHoo!
I love the end of the filing whee the judge says the following
"IT IS ORDERED that this administrative proceeding IS DISMISSED."
Now we just have to wait for the commission to enter an order of finality and DBMM is officially free!
Thank you again lovepink for all your years of DD!
No problem! Good luck
Yup the market cap right now for this company is just insanely undervalued. I'm leaning more towards them being able to get their debt restructured than not.
Looking forward to next two weeks when that Q is released.
Don't get me wrong I agree with what you said but the reason why people were buying when it was in the 3-4 cent range was because of the potential merger with the Ontario company who was suppose to clear existing notes. Unfortunately the LOI was extended in August and then the company went dark for weeks and shareholders did not know what was going on with the merger until the 10q came out which was also delayed. Once the company notified shareholders that the merger had fallen through, the SP was already falling due to a lack of communication on the company's part which was why so many shareholders at the time were criticizing the company for their lack of investor relations communications. So it's not that people did not know about the notes due, it's people were hoping the merger if it went through was suppose to take care of the debt issues.
Unfortunately that's the OTC for you. All a gamble right? Just hoping the company gets it right this time around as they have an amazing product.
Just curious as how you would know this. I'm hoping the company wins this and gets the case dismissed but I would imagine that only the judge herself would know when she's going to be ruling on the matter.
Hopefully for once in this company's tenure, the funding is true. Been here since the Pre RS and hasn't been pretty.
It's early November now and I'm hoping to hear something positive in an official filing.
With the two filings yesterday all I'm seeing is Jack acquiring 4 billion shares+ and Bruce acquiring 360 + mil shares on November 5.
In my own opinion I think conversions and some of the dilution (minor in my eyes) that has taken place (raise capital to pay for some of the business expense) should be done. Some of the shares could have also been for accumulation by an entity (don't know if this is true but it is my hope)
With the 550 in reserve which I don't think will be touched not only because of the preferred C's but also to maintain control of the company (51% needed which translates to 510 mil shares) hopefully it's turn around time. This obviously assumes that everything the company has mentioned in the previous 8ks and the pre reg statement to be true.
Guess we will find out shortly.
All imho.
Unfortunately this isn't new information. Just look at the above ihub box at pennykings post. PR was released back in September detailing the 340 mil supposed funding and 2 distillation units.
Think what we are all waiting for is an 8k to officially confirm this funding otherwise it all means nothing.
Completely agree with your post.
It's so undervalued it's ridiculous. I fully expect the SP to rise in time to come to hit a point tp accurately represent the company's true worth.