Replies to post #365739 on Digital Brand Media and Marketing Group Inc (DBMM)

[Gatsby]

I would have expected them to mention the new O/S in the latest 10Q as they list the issued shares as a transaction during the period.
Anyway, you are right that we can safely consider 925M. But someone reading the first page of the 10Q would think that 825M is correct.

Here, the comment about these new shares (page 13 of the latest 10Q). Not that the value at the time of the settlement is quite higher of today's value (280K). And with current volume, the creditor, now shareholder, will be happy to recoup 10% of its initial amount (amount and interest), if he hasn't sold any shares since he received them.

NOTE 9 – DERECOGNITION OF LIABIILITIES
During the nine-month period ended May 31, 2025, the Company successfully reached an agreement with a holder of convertible debentures aggregating $739,415 in principal, accrued interest and derivative liabilities in consideration of 100,000,000 shares of the Company’s common stock, which generated a gain on extinguishment of debt of $459,415. The fair value of the shares issued amounted to $280,000 at the date of settlement. The gain was recognized as gain on derecognition of liabilities in the accompanying unaudited consolidated statement of operations.

[fung_derf]

FWIW, this is what Bloomberg shows.....

Capital Structure 
 Price (09/25/25)	$0.00		Shares Outstanding	865.22 M 
 Consolidated Market Cap	1.12 M		Total Shareholders Equity	-7.77 M 
 - Cash & Cash Equivalents 	20.38 K		Total Capital	-3.82 M 
 + Short Term Debt	3.95 M		Debt To Equity	0.00 % 
 + Long Term Debt	0.00		Debt To Capital	0.00 % 
 + Preferred Stock	2.00 K		WACC 	9.87 %		 
 + Minority Interest	0.00			 
 Enterprise Value	5.05 M			 
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