Digital Brand Media and Marketing Group Inc (DBMM)

[davidam]

I am hardly a pro at filings. My take is someone has dug in their pocket much deeper than $80K. Considering Aderra joint pr'd and blogged the last PR I would say its at minimal reassuring RTG is closing in on executing with them. I don't find their total debt massive perhaps their accumulated loss is but that is a tax write off on the books moving forward.
I agree the note that has been quite obviously been thrashing us is the issue and needs to be addressed

NOTE 9 – CAPITAL CONTRIBUTION

In July 2010 an officer of the Company made contributions of $85,000 to assist with various professional fees. These contributed funds are considered as paid in capital.

In November 2010 an officer of the Company made contributions of $95,000 to assist with various professional fees. These contributed funds are considered paid in capital.


In February, 2011 an officer of the Company made contributions of $95,000 to assist with various professional fees. These contributed funds are considered paid in capital.


In November, 2011 an officer of the Company made contributions of $80,500 to assist with various professional fees. These contributed funds are considered paid in capital, of which $50,000 was cash and $30,500 relates to a prior year loan which was assumes by an officer of the company and simultaneously contributed to capital.