Digital Brand Media and Marketing Group Inc (DBMM)

[Jetmek_03052]

Yes, the last two years have been amazing - amazingly bad.

They were delinquent in their quarterly and yearly filings and were sanctioned by the SEC because of them. When they DID finally come out with the required filings? MORE stern letters from the SEC stating that the filings produced were “insufficient”.

Then they came out with AMENDED filings, they were called insufficient AGAIN by the SEC in their latest filing of June 21. In THAT filing, the SEC stated that the insufficiencies were STILL in existence TO DATE. And since no further amendments have been issued by DBMM since that SEC filing - those amended filings are insufficient AS OF TODAY.

Also, the most current employee count is EIGHT full time employees (not 16, 14, 21 or some other number). That employee count was taken right out of the most recently amended 10K.

This $3MM amount that is mentioned in the latest 10Q? It won’t be used for expansion of the business (as in buying of other companies). It specifically states in the 10Q that this amount (if accepted) would be used to fund day to day operations.

The numbers that ARE stated in the recent filings show a company that has very little real income in comparison to their cash burn. This is why their bottom line every year is very red indeed.

One has to ask themselves why this company can’t seem to come up with a green bottom line after what ....a dozen years or more of existence? Where is all the income from all these “clients” that people keep taking about?