The CE was originally put on when the SEC opened the OIP and suspended DBMM.
It is likely that the reason that OTCM removed that wording is because DBMM is no longer under suspension - it is trading, just not in the US.
Here is the EXACT wording on the OTCM website concerning CE removal:
To be eligible for a review, a company must meet the qualifications for Pink Current Information, have a verified the information on its company profile on www.otcmarkets.com, and demonstrate to OTC Markets Group that there is no longer a public interest concern. OTC Markets Group requires Caveat Emptor securities that are not eligible for proprietary broker quotations (Unsolicited Only) to have a Form 211 cleared by FINRA in order to be eligible for a review (e.g. securities previously halted or trade suspended by a regulatory authority).
1. According to OTCM, DBMM meets the qualifications for Pink Current Information.
2. According to OTCM, DBMM has verified the information on its company profile on their website,
3. According to OTCM, FINRA DID clear the Form 211, so that made them eligible for a review to get the CE removed.
4. But has DBMM demonstrated to OTCM Markets that they are no longer a "Public Concern"?
NO. My opinion is that DBMM has NOT demonstrated to OTCM that they are no longer a "Public Concern". I believe that OTCM Markets considers the ongoing SEC proceeding and the OIP that is STILL CURRENTLY in DBMM's record to be a legitimate public concern.
Until the SEC rules on the PFR and removes the OIP, I think it EXREMELY likely that the CE will remain FIRMLY in place.
Bearish
I keep telling myself....deep breath....count to ten....try to answer without personal attack...if available, always try to present fact to back up your opinion.
AI
