Digital Brand Media and Marketing Group Inc (DBMM)

[noradio]

https://www.sec.gov/news/press/2003-26.htm

"Certain convertible securities, particularly those referred to as 'toxic' or 'death spiral' convertibles, present the temptation for persons holding the convertible securities to engage in manipulative short selling of the issuer's stock in order to receive more shares at the time of conversion," said Thomas C. Newkirk, Associate Director for the Division of Enforcement. "This case demonstrates this risk to issuers and investors. The $1 million penalty imposed here shows the Commission's determination to address these abuses."