Replies to post #303854 on Digital Brand Media and Marketing Group Inc (DBMM)

[RickNagra]

Oh wow.

[THall]

So now borrowed money is considered an increase in revenue? I dont see the word revenue in their statement. Financing activities is not revenue, its debt!! Outstanding job Linda, DBMM was able to borrow $260k over a six month period to keep the lights on...

The Company has outstanding loans and convertible notes payable aggregating $2.8 million at February 28, 2023 and doesn’t have sufficient cash on hand to satisfy such obligations. The preceding raises substantial doubt about the ability of the Company to continue as a going concern. However, the Company generated proceeds of $260,122 from financing activities during the six months ending February 28, 2023.