Replies to post #230751 on Digital Brand Media and Marketing Group Inc (DBMM)

[Jetmek_03052]

The judge explained her decision. But her explanation went against regulation and precedent.

The ONLY things that need to be taken into account is the following:

Q. Did DBMM INTENTIONALLY decided to not file almost three years of filings that are required by SEC Section 12 regulations?

A. YES.

Q. Do the regulations (SEC Section 12 (j) ) state the sanctions to be assessed against chronically delinquent filers (as DBMM was) as either SUSPENSION or REVOCATION?

A. YES.

Q. Is there ANY stipulations in the regulations as to relief from these sanctions (like we ran out of money trying to fight a toxic lender or, we were screwed over by the slimy auditors we picked)?

A. NO.

Foelak accepted excuses from DBMM, disregarding the regulations.

DBMM should be sanctioned. Period.

Also (In my opinion), Foelak should face some sort of disciplinary action from the Board, for allowing this circus to continue because of her very incorrect ruling.

[toncatmad]

The commission can also suspend or revoke DBMM as well.