Saturday, May 27, 2017 9:03:17 PM
Here is what will happen on the remote chance that DBMM files ALL delinquent Financials.
Since few stocks that are suspended for Financials delinquencies even attempt to become compliant there are only a few examples of companies doing so. (MANW tried but failed and PELE and LLEG had their Form 10 re-registration applications denied)
The best example to study....and I mean for EVERYONE to study because the level of misunderstanding on DBMM is quite inexcusable. Even the company is demonstrating GROSS IGNORANCE of Securities Laws. Isn't it time for everyone including the company to start learning facts instead of presuming falsely?????
The company needs to receive this critical information. As posted earlier Digital Media either agrees to revocation of the DBMM registration whereby they may be able to file a Form 10 to try to re-register their stock, OR the SEC Admin Law Judge will forcefully revoke the stock registration on DEFAULT reasons where there would be no path to ever re-register their stock.
On Sept 15,2014 MANW was suspended for Financials delinquencies, just like DBMM and 1,539 other stocks previously suspended for Financials delinquencies.
Over the next month MANW filed 8 delinquent 10Q's (quarterly reports) and 2 delinquent 10K's (audited yearly reports).
https://www.sec.gov/cgi-bin/browse-edgar?company=mobile+area+networks&owner=exclude&action=getcompany
So, one would think that filing all delinquent Financials would be sufficient to avoid their stock registration being revoked, right?
NOPE.....the SEC Admin Law Judge wrote all the reasons why it was too late for MANW to become compliant because there were NO EXCUSES for being so severely delinquent in their filing obligations.
Read the entirety of the SEC Admin Law Judge ruling: (Digital Brand Media needs to read this!!)
https://www.sec.gov/alj/aljdec/2014/id709jeg.pdf
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
Recent DBMM News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/16/2024 09:32:32 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 11/29/2023 09:31:08 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/17/2023 09:15:45 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM