While today’s update may on the surface appear to avoid addressing a preferred share dividend, that omission may be precisely the clue. Before anything official can be said, Board approval must come first — and that’s likely where we are in the process.
Let’s be clear: once Linda presents a preferred dividend proposal to the board, the clock starts ticking — and the shorts are toast. Why?
Because a well-structured preferred dividend:
Can’t be borrowed electronically
Exposes phantom shares
Forces physical delivery, flushing out naked short positions like termites in the walls.
So the only real question now is:
🕰 How long will it take the Board to approve it once Linda lays it down?
If they do, expect a firestorm. If they delay, it may be to strategically time the detonation. Either way, the mechanism is already well understood, and the moment it goes live, we’ll know exactly why DBMM kept quiet — because they were letting the fuse burn quietly.
Stay tuned.
Krombacher
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