News Focus
News Focus
Followers 1530
Posts 37428
Boards Moderated 7
Alias Born 07/12/2004

Re: Renee post# 278977

Thursday, 01/12/2023 5:09:55 PM

Thursday, January 12, 2023 5:09:55 PM

Post# of 370758
The high stakes gambit by DBMM: As I have presented in prior posts if DBMM were to make a deal with the DOE to accept revocation and to quickly reregister, EVERYONE WINS. The DOE keeps their coveted precedents, ALJ Foelak's Initial Decision would no longer be challenged, and DBMM shareholders would be made whole in approximately 90 days (the equivalent of one 90 day extension) whereby DBMM could trade unencumbered. The stock could even have the run of the century.....or not, who knows, but NO MORE O.I.P. and NO MORE P.F.R.

Here's the high stakes gambit for DBMM. If the DOE is successful at having DBMM's SEC stock registrations revoked it is plausible to think that the SEC DOE might be as mad as a hornet that it took them ~5 years to have DBMM's SEC stock registration(s) revoked. The SEC could stall approving a new FORM 10 with interminable questions. Each time the SEC declines to approve any FORM 10 with questions it can take months for each question to be satisfactorily answered......then more questions ad infinitum....or in the vernacular, until hell freezes over.

I have seen it happen before......the SEC can drag their proverbial feet forever, and there is not a thing a company can do to hurry or force the SEC when trying to register for the first time or trying to reregister after a forceful revocation.

Of course, DBMM could fight a revocation up to the Supreme Court but that would likely take years. Meanwhile the stock would not be able to trade.

I am no longer declaring the SEC DOE will be successful.....but as Clint Eastwood might say to DBMM......'do ya feel lucky ****, well, do ya?"

To bite the worm of incite is to bite the HOOK of the antagonist . They win .

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent DBMM News