Unfortunately, I believe you have it EXACTLY backwards.
The job of the SEC is to PROTECT investors from companies EXACTLY LIKE DBMM.
Companies that flout SEC regulations that govern WHEN they are supposed to file and what EXACTLY is supposed to be contained IN those filings are cited by the SEC for those transgressions.
If the company CONTINUES to flout those regulations, they are suspended and then put on the grey sheets while the SEC works with the company to try and get them back on the right path.
All this DID HAPPEN to DBMM. Only problem was, Linda IGNORED SEC warnings and requests until it became apparent that revocation was on the horizon.
Then suddenly, they found the money to at least try to become current, after three YEARS of non-filing.
Only problem was, every time they filed, the SEC found the filings to have INSUFFICIENCIES! EVERY TIME!
There was one filing that DBMM didn’t even TRY to correct. Instead, they sent a letter to the SEC, telling them that they DISAGREED with the SEC’s opinion!
No, the SEC is justified in seeking to end DBMM’s existence. DBMM is a danger to investors. Their record of years upon years of declining shareholder value, of promising shareholders the world and then delivering NOTHING, of performing huge Reverse Splits that decimated shareholders dreams....
All that I’ve posted here is a matter of record and completely true.
All this points to a company that should have its stock revoked.
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