Digital Brand Media and Marketing Group Inc (DBMM)

[brojazzy]

No. The company could have simply accepted revocation of registration back in 2017. The SEC would have suggested that. Had DBMM said yes, once registration had been revoked, it could simply have prepared two years' worth of financial reports and filed them with a new Form 10 registration statement. That would have become effective in 60 days. Meanwhile, a sponsoring market maker would have submitted a Form 211 to FINRA, and in all likelihood DBMM would have been back on the Pinks--not the Greys--within a few more months.

Instead, the company chose to spend what was no doubt a lot of money on high-priced lawyers.

Seems we're still missing the point, the point is it doesn't matter which route DBMM decided to take, the fact is they won. By accepting the revocation admits guilt and wrong doing, they decided to fight for what they believed in and the judges decision to dismiss the OIP was a wonderful thing