Replies to post #234904 on Digital Brand Media and Marketing Group Inc (DBMM)

[marianothis]

Or both but we already knew this.

[Stock_Barber]

Obviously if they were planning to confirm the judge's decision, this would have been over long ago!

[Jetmek_03052]

Obviously, the Board is having real trouble understanding why Foelak came to the decision she did.

The regulations are clear. When a company is confirmed to have broken the filing statutes (as Foelak clearly stated that DBMM did, right in her ID), the regulations call for the application of one of two sanctions - suspension or revocation.

Neither of these have ever been done.

Because Foelak disregarded the regulations (and at the same time, many other cases that have provided precedent for this case), the Board is taking a lot of time in deciding this case.

It could all be quickly remedied by two things being done.

1. Linda Perry HAS to capitulate and perform the filing fixes that have been outlined by the Div of Corp fins. This includes amending the super 10K to include the numbers from delinquent Q’s and a few other items - namely the reporting requirements for the officers of this company.

2. To comply with the regulations, DBMM must endure some sort of minor suspension. Either that or have their stock revoked. I assume that they’d rather have a small suspension.

Once these two items are accomplished, the items in the Petition for Review would be satisfied and (I’ll bet) the investigation would be dropped.

But Linda will NEVER be seen as “bowing down” to the SEC.

So this will continue for quite some time. Years maybe.

[nsomniyak]

I wonder - there is likely going to be a flood of tier changes etc. in the days leading up to 9/28.

There will be a lot of angst and wailing about the stocks that get restricted trading, and some big winners that get pick current at the last minute.

Could it be that we get something from the SEC on DBMM buried in that landslide?

I would take that.