Digital Brand Media and Marketing Group Inc (DBMM)

[davidam]

From what I understand your info on an important topic is wrong
no shares will be issued for the merger until September. By then the share price should be higher so even less shares will be issued. If any one thinks the principals will be selling shares near this area anyway is dead wrong IMO

The 8KA filed Sept 3 2010 revised the closing date for the acquisitions transaction to the same date as the Audited Consolidated Financials were filed. The contracts were signed March 31 but the audit was required before the close of the deal.

That means the minimum conversion from preferred to common is Sept 3, 2011. The valuation is based on targeted revenues, +/- 25pct on exceeding or missing the perf targets. The conversion share issuance of common stock is based on the average closing market price for the 30-days preceding the minimum conversion date.