Replies to post #141420 on Digital Brand Media and Marketing Group Inc (DBMM)

[space1230]

DBMM management is extremely incompetent. They lost all control LONG AGO by taking endless cash from toxic lenders. It got away from them. They are idiots. 18 months ago they should have filed a 15-12g to terminate SEC filing obligations. The did not.

However, a seedy toxic lender winning a court case, and taking the company, probably would have resulted in an SEC suspension anyway. There was no way that the SEC was going to let a toxic financer retain ownership of the DBMM trading vehicle. It's like leaving the bank vault open.

Whatever the "story" was (or is), is irrelevant now. DBMM was a registered filer at time of SEC suspension. It will be revoked

typically companies that delist never intended to file in the first place and don't respond to the sec. dbmm indicated they were filing a response, they also spent time and money fighting asher, why not just save the money there if goal was to delist/go private? while I agree it is usually a one way street to toilet paper, all this effort on dbmm side seems to indicate more to the story.