That is being debated right now. The currency of DBMM is an “issue for review” in the PFR. We await the ruling of the Board.
DBMM is award winning Information Technology company,
When was the last “award” they won?! They have what - 3 whole clients?? BFD.
DBMM is poised for major growth after dropping of CE,
Poised for growth?? First, they have to get by this SEC investigation. DBMM has NO CASH and is DEEP in debt. There’s no money for expansion. And don’t even MENTION this “$3MM ROFR loan”! It’s not available until they get by the SEC.
DBMM Form 211 APPROVED by FINRA,
DBMM has qualified to be represented by an MM. The same as EVERY OTHER company that qualifies for it. Are they trading?? No.
DBMM has market maker GLED on board,
GLED has been shown to have its own skeletons in the closet. It’s no prize - that’s for SURE. GLED has been convicted for the same things that Asher has been! The selling of unregistered shares!
OTC Market working to drop CE on $DBMM.
OTCM will be very reluctant to remove the CE before the SEC removes the OIP. The OIP represents a “public concern”, which is one of the things the OTCM does NOT want to see.
I think the SEC will refile for yet ANOTHER 90-day extension on December 5th.