Digital Brand Media and Marketing Group Inc (DBMM)

[Jetmek_03052]

Incorrect. That’s the crux of this WHOLE ISSUE and a big reason why (I think) the PFR was granted by the Board.

Foelak DID NOT follow the rules.

The rules state that when a company “repeatedly” and “egregiously” misses filings ( and DBMM admitted doing so INTENTIONALLY!), that the rules of section (j) will be applied.

That section lists TWO sanctions available to be applied to non- filers: Revocation or Suspension.

She did neither!

By not “properly” applying SEC Section (j) to a company that REPEATEDLY and EGREGIOUSLY ignored the filing statutes, Foelak actually ran afoul of the SEC RULES!