2,040 companies failed but DBMM succeeded and WON the biggest verdict in OTC history. Never been done before in OTC November 12, 2019 : IT IS ORDERED that this administrative proceeding IS DISMISSED. https://www.sec.gov/alj/aljdec/2019/id1389cff.pdf
How 300+ Million shorts(naked) got trapped in $DBMM. With*data.
DBMM float was 729 Million on May 03, 2017.
1+ Billion shares traded between May 03, 2017 to May 17, 2017. See the data below.
May 03, 2017 - DBMM Float was 729 Million May 03, 2017 - Asher dropped unauthorized Press Release. May 03, 2017 - 290,385,012 - 290 Million May 04, 2017 - 475,980,372 - 475 Million May 05, 2017 - 90,319,917 - 90 Million May 08, 2017 - 58,879,145 - 55 Million May 09, 2017 - 64,560,144 - 64 Million May 10, 2017 - 38,456,344 - 38 Million May 11, 2017 - 16,505,991 - 16 Million May 12, 2017 - 17,741,485 - 17 Million May 15, 2017 - 11,179,556 - 11 Million May 16, 2017 - 19,418,883 - 19 Million May 17, 2017 - SEC OIP started. DBMM moved to OTC Grey*Market May 17, 2017 - 300+ Million shorts unable to cover as DBMM moved to OTC Grey*Market May 31, 2018 - Audited Super 10-K for 2015-2016-2017 filed Dec 14, 2018 - Audited 10-K for 2018 filed Nov 27, 2019 - Audited 10-K for 2019 filed Nov 12, 2019 - Judge gave historic VICTORY to DBMM and dismissed SEC OIP. (1st company in OTC) Dec 03, 2019 - SEC filed petition for review Jan 10, 2020 - DBMM Float REMAIN 729 Million since last 3 years and 8 months ???-??-2020 - DBMM to up list to OTC*PINK from OTC Grey*Market ???-??-2020 - 300+ Million shorts to start covering out of ONLY 729 Million LOCKED float. EPIC TIME AHEAD
Shorts have to report twice a month and have 3 days to deliver. It's always on the 1st and 15th of each month. So those shorts would have to report on 15th and had till the 17th at 6 pm to deliver shares. But, due to Asher unauthorized press release, SEC OIP was started early for DBMM for delinquent filings and DBMM was suspended and sent to Grey Market EXACTLY on May 17, 2017, giving hope to shorts that they will NEVER have to cover.
But, UNFORTUNATELY, for shorts, DBMM fought back and filed all the 3 years of super audited 10K and also the next audited 10Ks and Qs. Thus, Judge dismissed the SEC OIP in historic INITIAL DECISION on Nov 12, 2019. Now, DBMM becoming the 1st OTC stock to up list to OTC*PINK after both SEC OIP and suspension. This has NEVER happened before.
Now, 300+ Million shorts will have to COVER after DBMM up list to PINK. REMEMBER, Float has NOT changed in the last 3 years and 8 months. So it will be FUN when 300+ Millions shorts cover out of 729 Million locked float.
There is no legitimate reporting institution that can will or have ANY information on a Naked Short position.
As long as the buyer has the money to cover their short position....the trade is consummated.
20 million shares @ .002 (short) costs $US 40,000.
When (IF) the stock is revoked the buyer (short) COLLECTS $US 80,000.
In the case of DBMM....whereas the revocation was cancelled....the purchaser has 48 Hours to cover their short position from the moment the stock trades on a Market (with Market Makers) or defaults their trading account or other equities in that account to make up the difference and is subject to PAYMENT IN FULL to cover their short position.
IF every current shareholder sets a HIGH sell price on PINK day....the share price could and most probably WILL jump from sub penny to multiple dimes instantly.
The Shorts are riddled in fear today....this ends soon.
Hold on for the GOLD. LOCK your shares for $1. Let them chase and cover at much higher price.
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