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Tuesday, August 06, 2024 11:55:04 AM
This has been discussed many times in the past.
The SEC must allow a company to operate if it stays within the rules. But that does not mean the company isn't a scam. There's no law that prevents companies from operating inefficiently and at a constant loss. There's no law that prevents a company from failing at every business endeavor it attempts. And there is nothing the SEC can do to prevent those companies from encouraging investment by investors.
DBMM continues to fail at its business. For twenty years, it hasn't made a single cent of profit, yet it has paid its executive officers handsomely ($300K/year) for continuing to operate this company at a loss. The company continues to produce fluffy, rosy and forward looking PR's, "updates" and even rosy and forward looking financial reports. Yet it NEVER has given its investors a profitable company! For twenty years (PLUS), it has failed.
Yet people still invest in it, and as long as the company stays within the rules of the SEC, there is NOTHING the SEC can do about it!
There is no law against investing hard earned money STUPIDLY. That statement epitomizes DBMM investors. And the SEC cannot stop it.
The SEC must allow a company to operate if it stays within the rules. But that does not mean the company isn't a scam. There's no law that prevents companies from operating inefficiently and at a constant loss. There's no law that prevents a company from failing at every business endeavor it attempts. And there is nothing the SEC can do to prevent those companies from encouraging investment by investors.
DBMM continues to fail at its business. For twenty years, it hasn't made a single cent of profit, yet it has paid its executive officers handsomely ($300K/year) for continuing to operate this company at a loss. The company continues to produce fluffy, rosy and forward looking PR's, "updates" and even rosy and forward looking financial reports. Yet it NEVER has given its investors a profitable company! For twenty years (PLUS), it has failed.
Yet people still invest in it, and as long as the company stays within the rules of the SEC, there is NOTHING the SEC can do about it!
There is no law against investing hard earned money STUPIDLY. That statement epitomizes DBMM investors. And the SEC cannot stop it.
Bearish
Recent DBMM News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 04/14/2026 08:45:29 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/14/2026 09:46:30 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 11/28/2025 10:01:05 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/15/2025 09:01:51 PM
