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Wednesday, November 02, 2022 7:46:51 AM
"SHAREHOLDER’S UPDATE — NOVEMBER 2, 2022
DBMM 02 NOVEMBER 2022 COMPANY UPDATE
Following the recent Shareholder Update by Digital Brand Media & Marketing Group, Inc. (“The Company” and “DBMM”), and its brand, Digital Clarity (“DC”) on October 27, 2022, announcing the successful clearance of Form 211 by FINRA. An update is now available.
The Company has focused on the removal of the CE since the Dismissal on November 12, 2019 by ALJ Carol Fox Foelak. The Dismissal is the Standing Order and the credentialed experts have agreed along the way to today.
As part of moving forward, the requirements to remove the CE have been discussed in minute detail with OTC Markets as the CE icon is solely under their purview.
The Company began the post-FINRA clearance dialogue less than a week ago after receiving “Congratulations “ for the enormous accomplishment of FINRA clearance and a US Market Maker named. There is information as a matter of course required for OTCM documentation. Different agency, same information, different format, but all doable, transparent, and checks each and every box. We are on it.
The material is being gathered in the format required for review and that will be the last step to conclude the process. The Company expects to turn over the material requested to OTCM, Issuer’s Services Division, today or tomorrow.
The first step following the amended 15c2-11 effective September 28, 2021, was to identify and begin to discuss with a sponsoring broker, the labor-intensive gathering of due diligence required. Shareholders surely remember the Updates and the patience required. That wait is over and FINRA clearance under Reg 6472 and 15c2-11 Compliance has occurred for our Pink Current Company.
For clarity and to quash misinformation that is being spewed, is also being documented and observed by third parties. Non-shareholders opinions which have no basis in fact are an exercise in desperation. Repeat: the removal of the Caveat Emptor follows a careful process. No amount of misinformation will change that."
Recent DBMM News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/16/2024 09:32:32 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 11/29/2023 09:31:08 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/17/2023 09:15:45 PM
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