Dude, wrong, wrong wrong and wrong.
The Asher CDs were from 2012. Never another to Asher. Once Reaudit mandated , line in sand.
You have such limited knowledge of contracts, governing regulations that you weave fictional tales in your simple, non-executive mind of what occurred.Unfortunately just like all your NEVERS, they are never accurate. NEVERS -0- , Company Wins -10-
Shareholders know the chronology of events not your fictionalized version which has chronology upside down, yet again.
Try to follow the factual events -in chronological order
2012
1. Acquisition of Digital Claricompleted 2012
2. Last CDs were 2012
2013
3. SEC Reaudit through no fault of DBMM Nov 15, 2013. Company immediately non-compliant under reaudit completed
4. 10-K 2013 due Nov 30, 2013
2014
5. Asher sued in Feb 2014 because they could not convert the CDs because of the reaudit. Company position was Asher knew of mandated reaudit and was suing to steal the Company. Court threw out/dismissed Default claim on that basis.
6.Note: In order to convert any unregistered shares in CDs to shares must meet all criteria of Rule 144 which means shares must be held for a minimum of 6 months and Company must be fully compliant with SEC reporting.
7. All Reaudited amended filings in EdGAR for 2011, 2012,2013, in EDGAR mid-Sept 2014
8. $157,300 was Cost of Reaudit documented with SEC in Feb 2018 as mitigating circumstance
2015
9. Delayed filing began 10-K 2015 Nov 30,2015
2016
10. Note: Company had choice to pay for 2015 audit or hold off Asher. $25k held off Asher
11. Asher signed Consent Decree with SEC in Oct 2016 attesting they would not seek shares in public companies or their subsidiaries
2017
12.The lawsuit because a key mitigating circumstance in the delayed filings OIP May
2017. Particularly breach by Asher and Curt Kramer of Consent Decree.
13.DBMM retains SEC (iconic) litigator Oct 2017 (Previous attorney terminated few months earlier)
2018
14.Delayed filings filed May 31,2018 in EDGAR
15. Settlement with Asher at 50% discount June 18, 2018
Put a pin in it. These are the facts.
