Replies to post #355936 on Digital Brand Media and Marketing Group Inc (DBMM)

[Jetmek_03052]

I agree. All it would take is for these mysterious "LTI's" to say "OK. We don't need the loss write off anymore. We're done. No more loans for you. And by the way? Pay us back what you owe us".

Since DBMM has a miniscule amount of cash available, they would have to use shares to pay off that $3M+ loan debt. And at today's share price? They would need a STAGGERING 4.285 BILLION SHARES to pay it off. They only have a little over ONE Billion authorized shares left to use. So, IF it happened like that? Shareholders would likely see another increase in the Authorized and THEN Outstanding shares.

But I doubt that would actually happen. DBMM would simply BK out and STIFF their "LTI's". After all, Linda has done it to other lenders too. THAT is a matter of RECORD. There would most likely be another law suit against DBMM and the lenders would likely have to settle for a lesser amount (like Asher had to).

Then DBMM (and the lowly shareholders) would blow away in the wind.