Digital Brand Media and Marketing Group Inc (DBMM)

[THall]

I reached out to Renee and here is the information I received. Hope this clears up the misconception on both parts. Seems they can file a form 10 but the likelihood of reinstatement is slim.

Now that DBMM has filed one 10K a default reason would no longer apply, but it is most likely the ALJ will just use the 'it is too late' reason to revoke the company's stock registration. See, if the ALJ does not revoke DBMM's stock registration even though they have filed one 10K the ALJ could theoretically receive complaints from other previously suspended stocks that also filed their delinquent Financials after the Suspension and Admin Proceeding but were revoked anyway.

So then, if DBMM's stock registration is revoked, as is likely, the company can absolutely file a Form 10 to try to re-register with the SEC. Only two companies have ever succeeded in having their stock re-registered but it is possible to do so. The SEC would examine every infinitesimal detail to ensure complete adequacy and accuracy of the Form 10 so it is not a slam dunk that simply filing a new Form 10 would be successful.

There are so many irregularities with DBMM, like the ASHER Court victory and the very flawed arguments to the ALJ, that I have been amazed that the company has been so vigorous and persistent in trying to remain registered. Had the company simply and respectfully accepted revocation the company could have used all of their energies to clean up their books, resolve the ASHER issues, and file a new Form 10 to re-register and be squeaky clean in all aspects.

I'll be keenly interested in reading the ALJ's decisions.