Digital Brand Media and Marketing Group Inc (DBMM)

[LOVE*PINK]

Total misrepresentation. The SEC sanctioned previous Auditor because of audits of Chinese companies. SEC then, under Sarbanes Oxley (the legislation developed after Enron re Arthur Anderson as Auditor), required all Audit clients had to reaudit after approved Auditor sanctioned.

Company had letter stating through no fault of company. Reaudit caused litigation because non/compliant when reaudit required.