Replies to post #187950 on Digital Brand Media and Marketing Group Inc (DBMM)

[brojazzy]

No. The company could have simply accepted revocation of registration back in 2017. The SEC would have suggested that. Had DBMM said yes, once registration had been revoked, it could simply have prepared two years' worth of financial reports and filed them with a new Form 10 registration statement. That would have become effective in 60 days. Meanwhile, a sponsoring market maker would have submitted a Form 211 to FINRA, and in all likelihood DBMM would have been back on the Pinks--not the Greys--within a few more months.

Instead, the company chose to spend what was no doubt a lot of money on high-priced lawyers.

Seems we're still missing the point, the point is it doesn't matter which route DBMM decided to take, the fact is they won. By accepting the revocation admits guilt and wrong doing, they decided to fight for what they believed in and the judges decision to dismiss the OIP was a wonderful thing

[LOVE*PINK]

Why DBMM has to accept SEC revocation 2 years ago ? Because of 300+ Million naked shorts exist in DBMM ?

DBMM is owned by DBMM and its shareholders. SEC job is to make sure DBMM file reports on time. SEC don't own DBMM. We shareholders own DBMM.

We chose to find OIP and WON annd WON BIG>

And we will go OTC PINK CURRENT

Mark this post.

[stockfan100]

No company in the right state of mind will accept a revocation if they believe that is not warranted and they did nothing wrong but a filing that they can be update on like DBMM did.

And, if they come out of that battle with a win like DBMM did...they are much better off especially if the already have employees, sales, products.

It should not be hard to say company did the right thing when DBMM came out victorious. It adds credibility.

GLTA shareholders

The company could have simply accepted revocation of registration back in 2017.

[Jtech]

Janice in your opinion, what will be the outcome of this case?

That you know of, has any other company fought revocation like DBMM with similar circumstances?

Obviously the Judge feels a certain way regarding DBMM, DBMM explained why it was delinquent, eventually DBMM caught up on the 10k reports, amendments were needed and were done and judge seemed to be content.