Digital Brand Media and Marketing Group Inc (DBMM)

[davidam]

There is nothing new to pennies having convertible notes and conversion of those notes taking place from time to time. When a penny stock company knows a note is being converted they run promo's and hire promotion companies to keep stability in their stock while the note holder sells. This is what keeps the many promoters in business. This usually means pump and dump but does not have to be that way. If you have real news, solid looking forward thinking nothing wrong with hiring people to spread it even if your facilitating some selling. If a company does this to sell shares for themselves that is an entirely different story IMO. Keeping in mind most of those who fund in this arena don't get wrapped up into how the company is doing. They loan money and when money is not paid back they sell shares its that simple.It is very difficult getting funding in this arena
This company under Reggie was focused on turning over a new leaf for RTG. He wanted to start a process of restoring credibility to the company after all the failings of the prior year. The company clearly got stuck with very little news as they restructured. At the worst time on the heels of a note due. Running a promo just to help conversions created a double edged sword so to speak. They would have been labeled a pump and a dump and press releasing fluff. However not hiring promoters and not being able to supply solid news stories left the share price vulnerable to a massive decline as a note became due. They could have made up some news from forward looking thinking and I think many do in this situation but that was not an option they chose when trying to restore lost credibility.
We see what has happened. They elected to put out blogs which were not really news worthy stories however contained valuable info for the shareholders. They had one PR which was strong because Aderra pr'd it as well. Put it all together not likely enough to run a promotion without looking very bad and having to stretch things. What was done was not enough to bring in the kind of buying to curb the relentless selling from the note

I hope they can get this note under control with new funding or restructuring before it does much more damage. That would be the first big step in mending things. It would give the company time to execute the kind of deals it needs. I still believe with Linda's connections and Reggie's ability they give us an best opportunity to recover.
The above is just some thoughts from my experience and what I witnessed here. It certainly by no means is to take responsibility for this away from management. The entire BOD has to take responsibility for what has transpired past and present. They have time to step up and fix this but not a great deal of time. Its time to execute and do whatever is in their means to help fix this situation for the long term shareholders that provided years of support. . We need action now. Their SS took a hit but still remains very good. It has to be protected from much further damage.