DBMM is coming through with everything they said they would. Look for that to continue :)
Ongoing discussions with OTCM further outlined the strategy going forward to remove the CE from the DBMM site on OTCM. The next step was for the Company to identify a sponsoring broker to make an application via Form 211 to FINRA. This is an extensive due diligence process between the Company, the broker, and FINRA. As the Company Updates of Oct 27 and Nov 7, 2022, stated: FINRA cleared the Glendale Securities application on October 26, 2022. To reiterate, “…the submitting broker-dealer has demonstrated to FINRA compliance with FINRA Rule 6432 and SEA Rule 15c2-11 when quoting a security.”
This was a major accomplishment and a major milestone for DBMM. Clearance followed Management’s one-step-at-a-time strategy so there would be no ‘do-overs,’ and be one step closer to a return to normal trading.
Once cleared by FINRA, the Company was eligible for OTCM review and removal of the CE designation, following their process. The Company made its request on October 27, 2022, and is currently in the midst of the review. Same process as FINRA, same information, but different iterative roles. It may sound a bit bureaucratic, but such are the wheels of regulation. The Company has been following the very specific guidance of OTCM compliance leaders since the new amendments took effect in September 2021 and continue to do so.
Lastly, OTCM instructions had one further criteria: “In addition to a Form 211 clearance, the company will need to remain current in its filings with the Commission”. On that note, DBMM has been proactive and established quite a track record of timely filings.
The Company wishes to thank all shareholders and investors for its continued support and once again looks forward to focusing on the future and announcing growth and business milestones and sharing the results. At that point, without distractions, the Company’s future will take shape quite quickly.
DBOOMM $$$
Bullish
