Digital Brand Media and Marketing Group Inc (DBMM)

[Poo28]

Digital Clarity acquisition closed in 2012 after meeting all Conditions of Closing.

You are contradicting yourself, first it was 2011, now it is 2010? You simply do not understand M&A in public companies. Point in time accounting has been raised several times before as is essential in reading financial statements. However, in this case totally irrelevant because it is 10-13 years ago . Fact: A Company has contractual provisos which can span several years, and deal can break up during that period.

As stated in 2012 the Company did a substantial structural review in 2011 after one of its two acquisitions were rescinded, to focus on Digital Clarity.

In fact, two separate companies acquired provisionally in 2010-2011: Digital Clarity was one and all Conditions of Closing met in 2012 and DC became the flagship of the Company and the parent company did a name change to DBMM in 2013.

The other 2010 acquisition rescinded and canceled—as if it never existed , “nunc pro tunc” Rescission of Share Purchase Agreement. 10-K 2012.

That is why one full year after closure, the 2013 10-K filing was intended to launch the acquisition with growth capital. Instead, the Reaudit Mandate occurred Nov 15, 2013. That began the mitigating circumstances which ultimately led to delayed filings and a Final Order of Dismissal on June 2, 2023.

These Basher Gotcha moments are wrong every time. DC’s closing date unimportant and moot. The 2012 date is controlling closure date.

FACT:
Filings are iterative and evolve every filing. That is particularly the case in M&A. You don’t go back in time, you go forward. The 2012 DC closing date is controlling.

Trying to create chaos with misleading info is what bashers do, ignoring how information evolves and is superseded.

Shareholders and Company go forward stronger together.