That’s been discussed time and time again but - let’s re-visit it.
One of the claims that Enforcement generated the PFR over (and which will be decided when the Commissioners render their decision) is whether or not they actually ARE compliant.
The Div of Corp Fin’s has given opinion that DBMM is CURRENTLY materially deficient in their filings.
Foelak (in her infinite wisdom) has decided to take DBMM’s attorneys assurances that they are.
The Commissioner’s are currently reviewing the claims and will (at some point) rule.
Until then, it’s likely that the CE will remain in place and DBMM will remain a debt ridden sub penny company - unless they enter bankruptcy (a distinct possibility, given their precarious financial situation).
There’s already been ONE 90 day suspension. I believe it’s likely to be followed by a second or even a third.
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