Digital Brand Media and Marketing Group Inc (DBMM)

[Stock_Barber]

Maybe it is time to discuss DBMM fundamentals again?

$2.4M in outside debt (convertible notes and unsecured loans)
$1.4M in deferred compensation (owed to insiders)

CONVERTIBLE NOTES - $590,991

The convertible debentures matured in 2015, and bear interest at ranges between 6% and 15%. The convertible debentures are convertible at ratios varying between 45% and 50% of the closing price at the date of conversion through, at its most favorable terms for the holders, the average of the three lowest closing bids for a period of 5-30 days prior to conversion.

LOANS - $1,784,753

The loans payables are generally due on demand and have not been called, are unsecured, and are bearing interest at a range of 0-12%.

ACCRUED COMPENSATION - $1,439,886

As of November 30, 2021, and August 31, 2021, the Company owes $1,432.886 and $1,439,886, respectively, in accrued compensation and expenses to certain directors and consultants.

~$200k in annual sales
~$600k in annual operating loss

Current market cap - $2.88M

See the obvious overvaluation problem AT THE CURRENT PRICE?

What exactly do common shareholders own here? The holders of the debt effectively own the company!

The coming dilution will be historical!