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Jetmek_03052

08/22/24 4:03 PM

#350633 RE: johnydollar #350625

You wizards don't even realize what "due diligence" IS!

Due Diligence - as applied to picking an investment that makes you money - is a gathering of financial and business numbers and then comparing those numbers against known parameters of what a good business is supposed to represent.

DBMM has ALL BAD numbers. They're deep in debt (and going deeper in debt EVERY QUARTER), they have a tiny revenue stream, they have very few customers and are not getting new customers with any regularity.

The same management team that runs DBMM now, is the same that has been running it for the past TWENTY PLUS YEARS. For that time, management (Linda Perry) has tried several DIFFERENT business lines and has NEVER been successful at ANY of them. Not even a SINGLE RED CENT of profit in ANY year that she has managed this company.

During those TWENTY PLUS YEARS....she has spent very close to EIGHTEEN MILLON DOLLARS trying to become some sort of success at SOMETHING. Yet she has FAILED EVERY TIME. This money used has come MOSTLY from the use of SHARES to pay for things over the years. But recently, Linda has been burying the company in debt up to its eyeballs. Including her and Reggie's accumulated salary and loans to lenders, the company owes very nearly $6 MILLION dollars in debt, to date! Keep in mind now - this company presently has basically $15K a month coming in in revenue. That's what....$180K a YEAR in revenue??? And on target this year, to BORROW over 4 TIMES that amount???

LOL! Linda's and Reggie's "accrued salary" alone are almost DOUBLE the revenue per year!!

There's your "DD"....your "Due Diligence".

And you call this "good" DD??? Something to point to and proudly say "I'm going to make some real cash, investing in DBMM!"

Hahahahahahaha!

No. You won't. Investors here will be LUCKY to get out with ANYTHING.
Bearish
Bearish