Digital Brand Media and Marketing Group Inc (DBMM)

[Poo28]

It is irrelevant if the excuse is that it was a “software issue”.

The reason they decided to dismiss 42 AP’s the legal liability associated with an SEC “controls deficiency” as stated by the SEC . No internal control issue has an excuse as the oversight is a BOD/Commission responsibility.

Having BOD experience I am telling you there are no acceptable excuses unless it is force majeure, an actual act of God, but Boards are supposed to have a contingency for even that!