Friday, November 15, 2019 8:54:47 AM
Does DBMM have debt. Yes it does. 99% of companies here on the OTC have debt.
Does the share structure allow for DBMM to run to a price of 30-40 cents given its current revenue. Probably not if this was trading normally. I mean that would put this at a market cap of 225 million (roughly taking 750 mil shares and multiplying it by 0.30)
But this isn't trading normally. It just won a dismissal and what the company has is a ton of Momo going for it right now. Keep in mind company is also a PR type of company so I expect lots of news going forward which will add to the Momo. This could potentially blow right through dimeland.
In short, I believe SP will rise BUT always have an exit plan in mind. The company stated they do have a possible 3 mil capital stream (it is non binding and the investor has a right to refusal). If this could be used to pay off the convertible notes then SP will go to crazy numbers but if not, then obviously there will be dumping along the way.
Tons and tons of Momo still to come is why I'm holding but I do have an exit plan in mind should things start to go a certain way.
All imho
Recent DBMM News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/15/2024 08:30:45 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 04/15/2024 08:54:16 PM
- 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
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