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Re: cardmaster114 post# 349805

Tuesday, 08/06/2024 11:55:04 AM

Tuesday, August 06, 2024 11:55:04 AM

Post# of 370758
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.
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