He better watch out for a defamation lawsuit! Imo.
SHAREHOLDER UPDATE – MARCH 27, 2023 DBMM
Capturing the current state of play is important for clarity. A continuing concern of small, public companies like DBMM is participating with regulators and other organizations to flush out charlatans and bad actors, and various persons whose sole purpose is to depress pps to their or their group’s advantage. These tactics have been publicly highlighted in recent financial news in the banking and related sectors.
Regulators are attempting to catch up with the nefarious end runs which are attempted with OTC companies over the years. The Amendments to the 15c2-11 executed September 28, 2021 was the latest intervention, long-awaited, to stopgap the bad actors. Over 2,000 companies were removed from trading by OTC Markets (“OTCM”), and OTCM was delegated authority and oversight for OTC trading. Coincidentally, DBMM was acknowledged as “Pink Current.” The CE was subsequently removed following OTCM instructions, with an Uplisting next step following OTCM guidance and criteria.
Most recently, DBMM was the focus of an internet screed touting a funding ostensibly rejected, described by a series of false statements about the Company, with pejorative comments supposedly made by Linda Perry, DBMM’s principal executive cited, with whom he acknowledged he had neither spoken nor corresponded. Ms. Perry remains curious how and why he was privy to any alleged funding discussion?
Point of fact – neither has DBMM ever been “bankrupt” nor considered it; therefore, the word salad about the effect of bankruptcy is false and has no impact on DBMM. In audio, slanderous, false comments were made, while Financial Disclosure Regulations are clear that the public should get their information from filings and Updates on a Company’s website.
Therefore, false allegations could potentially seriously damage the reputation of the company and its stock price. There are consequences to false, public statements. A clear negative manipulation with misleading and false information, having no direct contact or documents, is dangerous behavior by bullying for personal gain.
These types of throw-away remarks, often contradictory, are simply misinformation and sour grapes by people who believe that they can bully the company into giving up control and use it for its own means.
The Company has a document on file via a Corporate Resolution entitled: “Discussion Document for Digital Brand Media & Marketing Group, Inc. – Funding Considerations and Framework To Expedite Growth.” It is the foundation document to any funding discussion. That is euphemistically called a Use of Proceeds.
To reiterate, the company deals in facts. The company is moving forward as highlighted in each of the MD&A filings, and though the company, like the rest of the global markets, is going through challenges, we remain committed to the shareholders and growth. Repeating, have patience, be bold, and push back on those who have their own agenda.
As always, DBMM Management thanks all its stakeholders, investors, and supporters.
