DBMM is a "CULT" stock. Buy at your peril!
This is not likely to rise above the present price without ACTUAL business improvements. There's no "naked short" position to drive this.
No REAL investor would take a chance on this company. Gamblers? Sure.
People are here because a tall tale has been told about how there are BILLIONS of "naked short" shares out there. Mind you...there's not a single SHRED of verifiable proof that a "naked short" position exists. But GAMBLERS think "hey, I'll throw a few thousand dollars at this and become a millionaire"!
The big thing was DBMM couldn't trade in U.S. markets until the CE came off. But the constant cry was "Just wait until that CE comes off. We will see hundreds of millions of shares a day traded, and the stock price will zoom up into dollars per share. People will make thousands upon thousands of percent gain in DBMM!".
Well. The CE came off just before Xmas 2022. And there was a predictable little pop up to almost $.04/share. Longs were salivating and said "it can only go higher.....we will all be rich beyond our wildest dreams"!
Then when the rise stopped? When the predicted "MOASS" failed to appear?? The excuses started. It was immediately theorized that it was "the holidays". That everyone was "on vacation". Then of course, the New Years holiday followed. People were STILL " on vacation". It "was a slow time for the markets".
Then when THOSE excuses petered out? It was shouted "It was NEVER SAID that it would happen right away. It may take several weeks before the MOASS starts"!
Then the share price started its decline. From almost .04, it declined to the low .03's, then into the .02's. Then it went into the .01's and hovered there, keeping JUST above a penny.
All this time, the cries for the OTCQB up list were being heard. DBMM has said that they "intended" to up list, but they have NEVER said that they actually applied while the price was above .01.
Then the price broke BELOW .01. And kept sliding. .009, .008, .007, .006, .005.....and finally below .005, to where it sits now. It is currently bouncing between the high .003's and .004's.
Now? It's been SIXTEEN MONTHS of regular trading in U.S. markets, since the CE was removed Dec 20th, 2022. And what has happened? The current DBMM disaster. The SEC OIP was dropped June 2nd, 2023, OVER TEN MONTHS AGO - JUST SHORT OF A FULL YEAR! Yet, DBMM has announced only a SINGLE new customer, they have not been listed to the QB level, there's been NO acquisitions.....basically there's been almost NO changes made at ALL. And the share price STILL sits below half a penny. Now 2023 is over and...NO uplist. We're almost 5 MONTHS into 2024 and NOT A WORD has been heard about a QB uplist!
Every time ANYONE brings up the terrible record of DBMM for the last TWENTY YEARS? About how it hasn't EVER turned a single penny of profit from operations since the inception of the company? About how DBMM is in debt, and goes deeper into debt with EVERY QUARTER? About how their only revenue producing subsidiary (Digital Clarity) cannot produce enough revenue to even keep the lights on at DBMM?
It is never addressed, and instead? It's all about the Kramer's, Alpine, the DTCC, brokerages and many others who are supposedly "in" on a huge conspiracy to defraud and bankrupt poor little DBMM!
Look at the record of the 10K's and 10Q's. Do the research. You'll see a company that has NEVER succeeded in ANY of its ventures TO DATE. Plenty of promises of greatness that HAVE NEVER BEEN REALIZED.
Want a PURE gamble? On a few hundred or a few thousands of dollars? Sure. Go ahead and invest in DBMM. It's a lottery play with an infinitesimal chance of winning.
But don't believe the constant claims of DBMM "greatness", how "wonderful the CEO is", claims they will "soon" be up listed to the Nasdaq. Or the ridiculous tall tale of the "Naked Short Share" scenario. Those are all false flags.
Bearish
