Replies to post #104555 on Digital Brand Media and Marketing Group Inc (DBMM)

[Stock_Barber]

We should never expect an actual answer to your question... even though we all KNOW the answer!

[TradeForProfits]

Shares issued were conversion of aged debt, contractually set for debt 6+ months old. All companies use their equity to raise money. Read the filings and PR's. Go DBMM go.

[frontloading]

NOTE 7 – ACCRUED COMPENSATIONAND RELATED TAXES

 

As of February 28, 2014 and August 31, 2013 the Company owes $820,944 and $737,849 respectively, in accrued compensation to certain directors and consultants. The amounts are non-interest bearing.


DANG, looks like DBMM has a ton of aged debt to clean up...makes that $337k owed to Asher look puny..Whole Lotta CD gonna be converted to take care of DBMM IOUs.