Replies to post #50842 on Digital Brand Media and Marketing Group Inc (DBMM)

[Sola Fide]

A couple thoughts on their reply...
1) Press about "Buyback" Intent is an often used tactic by companies in an effort to get people to buy shares. Which in this case it Did in fact incite people to buy shares. In the end it was most misleading...
You may recall there were a few of us who said that was a bunch of hooey, as they didn't have any money to buy shares with (per filings). Some longs suggested that if they borrowed money to buy shares it would be great usage of the funds and what better investment....they could re-sell the shares later at a higher price.
My thought was the absurdity of it..borrowing money to invest...seriously!?
As I recall you were one of those of that mindset...Obviously, you were very very wrong...it would have been a horrible investment!
Then in the shareholders letter they attempt to use the "SEC Guidelines as the excuse for not following through.
Never mind that they didn't do ANY of the things they used as the excuse to not cross "SEC Guidelines"....truly sadly laughable.
No product launch, No significant information released, and No successful awareness program.
Yes, open for a year....hmm, no cash & expires in a couple months.

We announced in a PR in the spring that we were going to engage in a Share Buyback Strategy, an announcement which is open for a year according to SEC public information guidelines. Instead we decided to begin an awareness program and geared up for it, intending to launch the product by the end of the summer, following the SEC guideline: “Issuers should refrain from repurchases during periods when significant information regarding matters such as proposed acquisitions, dispositions or mergers, significant new contracts, new products and marketing plans. Financial results and forecasts, additional financing or capital investment plans or changes in management or control has not been fully disseminated to the investing public.”

Long term financing...thats' a hoot....less than a year later and shareholders are getting buried by shares from the 9mo CD's.

2) Several occasions they stated they were going to launch an Awareness Program, all were horribly done and without supportive news or business executions...not to mention the delayed and then scrapped product launch/s.

Hows' that "end of summer" launch coming along...did they launch something? Perhaps they did and I missed it, could happen as I follow a lot of stocks and don't retain a lot of details on any one of them.

iPayu...remember my posts about that product. Longs were rather excited about no more wallet...just need a phone...LOL.
Then when it was revamped & repackaged...I again voiced my concerns about being an unknown payment system and competitors, ect. As I recall it was you who suggested I contact Dom to get answers....which I did and he did his best to convince me...however, he did not. In the end...my concerns obviously were the right ones.

That is pivoting, that is classic HBS resilence.

What the heck does that mean??
Take a look at the chart & history man...No resilence (resilience) in sight near as I can tell....LOL.
Fail after fail after fail after...I think consistent rather fits better than resilient.

The principles of this company have such huge egos they cannot see what the shareholders see...
Blind ignorance seems befitting....IMO


RTG Ventures doesn't seem to have figured out that as a public company relying on the publics' money, they are going to be measured and reviewed by the public investors....
They answer to US

[otterman]

Hmm, funny, I addressed the same thing and got deleted.