OIP was removed 3 weekS ago! LMAOOO And DBMM ran 100 percent 9 to 10 mil vol.
"DBMM Financials and it is more bad news from the latest 10-Q.
Assets - $84,778
Liabilities - $6,607,937
Damn the company is Balance Sheet Insolvent. This is a dead company walking.
Revenue - $68,329
Gross Profits - -$8,494
Losses from Operations - $124,040
Net Loss - $374,638
This is one ugly financial statement - from a company that the SEC is going to revoke.
"The U.S. Securities & Exchange Commission instituted an Administrative Proceeding, File No. 3-17990, on May 16, 2017 to revoke the Company's registration statement because of delinquent filings. A hearing was held on August 9, 2017 and the Initial Decision to revoke the registration was dated November 16, 2017...
On January 25, 2021, the Commission denied the Company’s Motion for Summary Affirmance of Judge Carol Fox-Foelak’s Dismissal of November 12, 2019 and granted the Division’s Petition for Review and set a briefing schedule beginning February 24, 2021. The Commission concluded that “briefing in the ordinary course would...assist the Commission. This appeal raises issues as to which we have an interest in articulating our views and important matters of public interest, including the proper application of the standard that governs determination of sanctions in a Section 12(j) proceeding.” Both parties have briefed and concluded April, 2021. The Company is disappointed that so much time has been lost and continues to vociferously support the original Dismissal three years ago.
The Commission notified the Company on December 9, 2021 that an extension of 90 days to issue a decision has been ordered. A sixth extension was ordered for an additional 90 days to conclude by June 5, 2023.
What this means is that the SEC Administrative Proceedings will file an extension for however long it takes for the CEO to understand that the SEC is going to revoke it. When you see 6 extensions with another coming up the company is finished.
IG"
