Digital Brand Media and Marketing Group Inc (DBMM)

[Stock_Barber]

DBMM is non-compliant with the judge's order to turn the company over to Asher Enterprises after losing the lawsuit!

How long until Asher has the law enforce the order?

Digital Brand Media & Marketing Grp Inc (OTCMKTS:DBMM)

Digital Brand Media & Marketing Grp Inc (OTCMKTS:DBMM), and its subsidiaries, are now owned by Asher Enterprises Inc. – an institutional investor in small-cap companies. Yesterday, the Honorable Jerome Murphy of the Supreme Court of Nassau, New York, reaffirmed its January 23, 2017 order for Digital Brand Media & Marketing Grp Inc (OTCMKTS:DBMM) to transfer ownership of all shares and all other ownership interests in all of its subsidiary companies, to Asher Enterprises Inc. While the transfer of an entire company’s assets seems like a major event, the court order enforces a prior judgment, on July 20, 2016, for the sum of only $122,801.87. That judgment stemmed from the default of convertible promissory notes issued by Digital Brand Media & Marketing Grp Inc (OTCMKTS:DBMM) and owned by Asher Enterprises Inc. It is unknown at this time how the change in ownership will affect the ongoing operations of Digital Brand Media & Marketing Grp Inc (OTCMKTS:DBMM).

http://stocknewsunion.com/is-it-bankruptcy-for-digital-brand-media-marketing-grp-inc-otcmktsdbmm/4267/