Digital Brand Media and Marketing Group Inc (DBMM)

[Poo28]

Conflation of dates and amounts. Do your due diligence all public information with documentation that shareholders know to be facts. Read my last post.

Litigation closed with cash less than principal to benefit of Company. No judgment, No interest. No shares. CDs canceled.

Hope Capital case precludes Kramer and network of companies from receiving shares. See undertakings of Cease and Desist Order in Oct 2016.

https://www.sec.gov/litigation/admin/2016/33-10239.pdf

https://www.sec.gov/litigation/admin/2016/33-10239-s.pdf

Extracted Legal Proceedings from 10-k 2018 Amendment 1. See below
LEGAL PROCEEDINGS

1.The Company was involved in a litigation, Asher Enterprises, Inc. v: Digital Brand Media & Marketing Group, Inc., Index No.600717/2014, in the Supreme Court of the State of New York, County of Nassau. The Plaintiff alleged $337,500 breach of contract principal and damages arising from an untimely periodic filing in 2013. On September 14, 2014 the Court declined to grant the plaintiff's application for default judgment and Linda Perry was removed as a defendant. The Court awarded judgment in favor of the Plaintiff on July 15, 2015 in the amount of $122,891.87, which did not include $25,000 paid in a subsequent settlement in February 2016.On June 18, 2018 the matter was settled between the parties with an Addendum to the Settlement Agreement, for a final payment of $65,000 which was paid in full on the same date. A Stipulation of Discontinuance was filed with the Court ending the litigation. A Satisfaction of Judgment through the Settlement Addendum was coincidently filed. The litigation is closed.