Just as disastrous would be the commissioners ruling to revoke.
Let’s all look at this under a bright light.
DBMM has never produced a winning year for shareholders.
Linda and crew have absolutely decimated the chances of previous (and some present) shareholders by alternately bloating up the number of shares, then pulling the rug out from underneath shareholders with reverse splits. I have little doubt that given the chance, it will certainly happen again.
They continually were late on financial reports (or missed them ENTIRELY - FOR YEARS!).
Even in her misguided decision, Foelak freely stated that it’s probable that DBMM will have further difficulties filing future financial reports. She also warned about the possibility of “further scrutiny” by the SEC, should filing deficiencies occur again.
They are currently in the absolute lowest trading tier they could possibly
be in (Expert trading level - not even a real exchange where there’s a bid/ask level that traders can see!).
The stock price is in the LOW THOUSANDTHS of a SINGLE PENNY.
The company is still being investigated by the SEC for rules violations.
In light of all this - there’s a much greater chance (by orders of Magnitude) that DBMM IS REVOKED, rather than reinstated.
Further, odds are that -
1. any decision will take further time - probably a LONG TIME. And that...
2. The decision reached will be a terrible one for DBMM.
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