Digital Brand Media and Marketing Group Inc (DBMM)

[Jetmek_03052]

Quote:

“The reference to “scammy“ companies who issue shares without shareholder votes in certain situations,that would be the majority of companies on all the exchanges, including the NYSE, including Amazon, Facebook, Google , Citicorp, Chevron and AT&T. Literally tens of thousand of US companies .”

Incorrect. Most large, legitimate companies put any plans of large amounts of share changes (forward or reverse splits) to a shareholder vote.

A few recent ones that come to mind involve share changes to GE and NVDA.

These “certain circumstances” you speak of where shares are added usually involve shares issued for cash dividends.

But it is usually penny companies (like DBMM) that make sure that their articles of incorporation give the shareholder NO POWER when it comes to control of the sharebase.

It’s very obvious that (before the OIP was issued for violation of the filing statutes) DBMM used shares for their very existence and manipulated the share base up and down as they saw fit.

IF DBMM gets by this SEC investigation, it’s almost a foregone conclusion that many more shares will be added. And the shareholders will have absolutely no say in the matter.