DBMM: The Gift That Keeps on Diluting
Thinking of buying DBMM? Let me save you the trouble. This company has mastered the art of doing absolutely nothing profitable for over a decade. No revenue (when they bother reporting it), no product, no clients — just a never-ending stream of fluff PR and vague buzzwords like “AI” and “pivot.”
They’ve had more going concern warnings than actual paying customers. The SEC literally suspended them in 2017 — but hey, I’m sure this time they’re turning it around.
Don’t forget the toxic convertible debt deals that exist purely to vaporize shareholder value — followed by reverse splits so they can do it all over again.
But sure, buy in if you enjoy being a bagholder in a company that survives solely on dilution, delusion, and message board hopium.