Digital Brand Media and Marketing Group Inc (DBMM)

[Jetmek_03052]

I really am starting to wonder how DBMM said the share count only increased 40M shares, in the very first page of the recently published 10Q.

They already mentioned how they used 100M shares in the paring of their convertible debenture in Note 9 (Page 13 in the 10Q):

NOTE 9 – DERECOGNITION OF LIABIILITIES

During the six-month period ended February 28, 2025, the Company successfully reached an agreement with a holder of convertible debentures aggregating $739,415 in principal, accrued interest and derivative liabilities in consideration of 100,000,000 shares of the Company’s common stock, which generated a gain on extinguishment of debt of $459,415. The fair value of the shares issued amounted to $280,000 at the date of settlement. The gain was recognized as gain on derecognition of liabilities in the accompanying unaudited consolidated statement of operations.

Here it is (circled), in the 10Q (Page 5, under the heading of "CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT):



Clearly it states the figure of 925,218,631 as the number of common shares after the 100M is added for the convertible debenture reduction. Yet in the heading page for the 10Q filing? The number of shares listed is only 865,218,631.

Why is there a 60M share difference?? Where did the other 60M shares get off to?