Poo28
6 hours ago
Shareholders do their own due diligence and the Update is very clear. Non shareholder opinions just more mid-information. They make up silly crap ignoring facts because have have no expertise. Repeat: the Update is very clear
The Update is available for all the public on DBMM’s website and it clearly expanded on Friday’s Update and example of Seattle as test city, with accompanying podcast transcript. The test city context was explained , along with the management consultancy evolution and growth and, very importantly, the focus on multiple US cities. And the pricing model has been modified upward considerably, in line with management consultancies.
Additionally, “Among other things, the costs of full consultancy provides much higher revenues for longer contractual periods , but a longer cash conversion cycle.”
Read the Update, the Company MD&A, and know the blueprint is sound. “
Blueprint being executed, long term outlook US -oriented in multiple cities. Podcast on its way.
Go DBMM, this is sophisticated , grown up model. It is all
coming together, step by step.
Jetmek_03052
9 hours ago
The quarterly was even a BIGGER disaster than I anticipated!
I'll say! Man. What a HORRIBLE 10Q.
The numbers speak for themselves.
Revenue decreased OVER 46% for the quarter! Costs to produce that revenue increased 11%!
The operational loss for the Quarter increased $46,631 - over 54%!
Cash decreased $35,000 to $22,000.
Using the figures listed under "Foreign Operations" in both the last 10Q (for the period ended February 29th), and the figures in today's 10Q (for the period ended May 31st) we can figure the revenue.
Revenue for the United States for the three months ending May 31 was $12,755!, Revenue for the UK for the three months ending May 31 was $29,580. So, knowing that there is only one US "client", using those figures we can extrapolate that the "client" is paying approximately $4,251.66 per month.
For the UK client(s?), we can extrapolate the revenue of $29,580 per quarter to mean a monthly revenue figure of approximately $9,860 per month.
Borrowing for the three month period increased $179,940, an increase of over 6.4%.
Accumulated deficit increased to over $17.8 MILLION.
As far as net income loss? Linda once again performed some tricky dick accounting moves with the "interest expense" and the "foreiegn exchange" translation and made the net loss look as if it improved. But it really didn't.
The bottom line continues to be that Digital clarity is earning CRAP for revenue and the expense to produce that revenue continues to climb.
One puzzling thing is that the accrued compensation for Linda actually went down for the three months ending May 31st!
Listed for the period ending Feb 29th - $1,148,077 and $1,313,536, respectively.
Listed for the period ending May 31st - $1,130,027 and $1,313,536, respectively.
Looks like either there is a problem with the numbers in the report, or Linda took approximately $18,050 in a cash payment of some type. I assume that the first figure is Linda because it is greater. I believe the only way an accrued amount can go DOWN is if someone removes money from the account. Like I said, it may be an error in the filing.
Poo28
10 hours ago
SHAREHOLDER UPDATE – JULY 15, 2024 DBMM
Digital Brand Media & Marketing Group, Inc. (“The Company” and “DBMM”), and its flagship brand, Digital Clarity (“DC”) filed its third quarter 10-Q for the 2024 fiscal year with the Securities & Exchange Commission via EDGAR on July 15, 2024.
As has been the case for some time, the Company is providing a Shareholder’s Update coincidently with some context and awareness of the Company’s journey since the Final Order of Dismissal issued by the SEC on June 2, 2023, in the matter of delayed filings. That date acknowledged the mitigating circumstances, all unnecessary as were through no fault of DBMM, but caused expenditures of resources in time and money which could have been focused on growth following the acquisition of Digital Clarity.
Since then, the Company has changed its business model considerably because the environment in digital marketing has become highly commoditized from the early and pre-Covid landscape. The Company is building its infrastructure in the US, putting money into the business. The sophistication required to earn and retain a seat at the decision-maker’s table is ongoing as a management consultancy. The consultancy must provide a competitive advantage, and have the ability to provide full service and draw in strategic alliances, partnerships, and areas of expertise like A-I and organization effectiveness expertise to position clients to achieve optimum ROI. This dynamic environment also requires continuous outreach and initiatives to remain a leader , while expanding the offering and positioning the Company for sustainable growth.
The geographic reorientation to the US becomes the first order of business. Test markets are being established and developed leveraging experts and denizens of the local environments to recognize the advantages, some commonalities, and many differences, of each city. The macro analysis is laborious, in conjunction with DC’s micro-analysis of each client’s metrics, its analytics, in terms of the blueprint used for each client, in each geography. Once established, the plan is evergreen and further evolves in practice and results. DC is spending the time and effort to get this analysis right.
An Update was issued on Friday, July 12, 2024, which described at some length entry into the Seattle market potentially, beginning with a relationship forward. It was an actual example for the public to share. We encourage all stakeholders to read and understand that the Company is meticulously following a plan, and the Company shared for emphasis in last Friday’s Update .
As stated in the 3Q2024 MD&A page 31:
“We are gaining clients in the US and are expecting the revenues from the US market to increase.
The outlook is tempered by short-term, temporary economic uncertainties in the UK and US which prompts existing and potential clients to reevaluate their marketing strategies.
These reevaluations also come with temporary marketing budget reductions which temporarily reduced our revenues in the third quarter of 2024.
We believe that revenues from existing clients will increase once concerns over the UK and US economies dissipate and business confidence is restored.
Our evolution to a full-service, dynamic digital marketing management consultancy with many moving parts, including third-party, strategic alliances and representation spanning US geographies compared to the early days of a commoditized pay-per-click and search engine optimization service business will have transitional features.
Among other things, the costs of a full consultancy provide much higher revenues for longer contractual periods but entail a longer cash conversion cycle.”
DBMM’s Management has continued to advise shareholders to do their own due diligence. DBMM is a long-term investment, not a short-term play. The same negative individuals who put forth opinions that are simply false and should be ignored. They have continued to bash and undermine the company and turn well-meaning new investors and shareholders against the company, for their own personal gain to manipulate the stock. For a small and ambitious company like DBMM, the impact has been damaging and the matter will be dealt with in due course. Defamation has not been tolerated in US Courts and documented in the news. Securities laws are outlined in the SEC Financial Disclosure guidelines.
OUTLOOK
Captured by Reggie James, the Chief Operating Officer and Director of DBMM and Founder and Managing Director of DC, as third-quarter 2024 observations:
“The nature of our business development in the tech software sector involves long lead times. As described earlier, a management consultancy must check each box along the way in order to assure sustainability. This is especially the case currently with the time taken to convert new clients into actual “Revenue Recognition” as defined by the SEC and PCAOB which affects revenue-reported results”.
James went on, “Reporting requirements are meticulously followed. Putting the geographic infrastructure in place is labor intensive and the execution follows with the expected time lag before actual financial reporting can be included. These challenges in the last quarter, are in the normal course of business. Especially in the course of change, care must be taken step by step.
Despite the bureaucracy, of course, we remain optimistic. It is the journey of a business in reorganization and growth. There are also unexpected positive events with a brighter outlook on the horizon. Previous clients are discussing returning to management consultancy engagements with DC before the end of 2024.
We are actively engaging with new potential clients and exploring new market opportunities. Additionally, with the anticipated stabilization of economic conditions post-elections and geographic expansion into multiple U.S. locations, the revenues will be included in DBMM’ s Financial Statements. Our strategic focus on innovation, client satisfaction, and market expansion positions us well for future growth. The steps to get there are laborious as US-regulated companies are, but as a fully reporting company, the brand is gaining traction, and we are very much on our way.
The Company will be running a series of sharing progress on our strategic alliances and the opportunities created by the representation model. Our first podcast will focus on Irvine, California and the plan being executed
The Company’s Best Practice model will continue to share events under Financial Disclosure guidelines as they occur. Plans are not shared until results actually occur as always subject to change.
Management will also continue to adapt and evolve in this dynamic market landscape.
The 10-K is the next required SEC Report, which will document the blueprint execution of the business plan of DBMM as a management consultancy advising B2B focusing on the US.
Long shareholders are our support system as our flagship brand gains recognition and is sought after. The Management is appreciative and together we are stronger.
Linda Perry and Reggie James
DBMM Management
SAFE HARBOR PROVISIONS:
The foregoing contains certain predictive statements that relate to future events or future business and financial performance. Such statements can only be predictions, and the actual events or results may differ from those discussed due to, among other things, those risks described in DBMM’s reports filed with the SEC. Opinions expressed herein are subject to change without notice. This document is published solely for information purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities in any state. Past performance does not guarantee future performance. Additional information is available upon request.
https://www.dbmmgroup.com/shareholder-update-july-15-2024/
Jetmek_03052
14 hours ago
DBMM is a "CULT" stock. Buy at your peril!
This is not likely to rise above the present price without ACTUAL business improvements. There's no "naked short" position to drive this.
No REAL investor would take a chance on this company. Gamblers? Sure.
People are here because a tall tale has been told about how there are BILLIONS of "naked short" shares out there. Mind you...there's not a single SHRED of verifiable proof that a "naked short" position exists. But GAMBLERS think "hey, I'll throw a few thousand dollars at this and become a millionaire"!
The big thing was DBMM couldn't trade in U.S. markets until the CE came off. But the constant cry was "Just wait until that CE comes off. We will see hundreds of millions of shares a day traded, and the stock price will zoom up into dollars per share. People will make thousands upon thousands of percent gain in DBMM!".
Well. The CE came off just before Xmas 2022. And there was a predictable little pop up to almost $.04/share. Longs were salivating and said "it can only go higher.....we will all be rich beyond our wildest dreams"!
Then when the rise stopped? When the predicted "MOASS" failed to appear?? The excuses started. It was immediately theorized that it was "the holidays". That everyone was "on vacation". Then of course, the New Years holiday followed. People were STILL " on vacation". It "was a slow time for the markets".
Then when THOSE excuses petered out? It was shouted "It was NEVER SAID that it would happen right away. It may take several weeks before the MOASS starts"!
Then the share price started its decline. From almost .04, it declined to the low .03's, then into the .02's. Then it went into the .01's and hovered there, keeping JUST above a penny.
All this time, the cries for the OTCQB up list were being heard. DBMM has said that they "intended" to up list, but they have NEVER said that they actually applied while the price was above .01.
Then the price broke BELOW .01. And kept sliding. .009, .008, .007, .006, .005.....and finally below .005, to where it sits now. It is currently bouncing between the high .004's and low .005's.
Now? It's been OVER 19 MONTHS of regular trading in U.S. markets, since the CE was removed Dec 20th, 2022. And what has happened? The current DBMM disaster. The SEC OIP was dropped June 2nd, 2023, OVER A YEAR AGO! Yet, DBMM has announced only a SINGLE new customer, they have not been listed to the QB level, there's been NO acquisitions.....basically there's been almost NO changes made at ALL. And the share price STILL sits below half a penny. Now 2023 is over and...NO uplist. We're 7 MONTHS into 2024 and NOT A WORD has been heard about a QB uplist!
DBMM announced some sort of "representation" in Irvine, CA over THREE months ago. Since then? Not a WORD has been spoken about it! No one knows what this "representation" IS , or even WHO it is! It's the same thing with the announcement of this 1ovmany "alliance"! No one even knows what exactly this company does, or even how this simple "alliance" will add revenue. And there has been at least two events that Reggie has spoken at and in them, he never mentioned a SINGLE WORD about either this "representation" or this "alliance". Something smells funny here - I doubt these two things even EXIST! I think they were just PR ploys to get a bump in the share price!
Every time ANYONE brings up the terrible record of DBMM for the last TWENTY YEARS? About how it hasn't EVER turned a single penny of profit from operations since the inception of the company? About how DBMM is in debt, and goes deeper into debt with EVERY QUARTER? About how their only revenue producing subsidiary (Digital Clarity) cannot produce enough revenue to even keep the lights on at DBMM?
It is never addressed, and instead? It's all about the Kramer's, Alpine, the DTCC, brokerages and many others who are supposedly "in" on a huge conspiracy to defraud and bankrupt poor little DBMM!
Look at the record of the 10K's and 10Q's. Do the research. You'll see a company that has NEVER succeeded in ANY of its ventures TO DATE. Plenty of promises of greatness that HAVE NEVER BEEN REALIZED.
Want a PURE gamble? On a few hundred or a few thousands of dollars? Sure. Go ahead and invest in DBMM. It's a lottery play with an infinitesimal chance of winning.
But don't believe the constant claims of DBMM "greatness", how "wonderful the CEO is", claims they will "soon" be up listed to the Nasdaq. Or the ridiculous tall tale of the "Naked Short Share" scenario. Those are all false flags.
StayHumble
15 hours ago
Kramer NakedShorted✅4Bill+$DBMM shares 4Charity?✅✅✅
Source: TDA 2014 ChartSource: https://fintel.io/s/us/dbmm
$DBMM 2014 Trade Data|Notable Dates
Date(2014)--------(Total Vol)
Nov 26 ------------904,455,961
Jun 23 -------------774,052,890
Jun 17 --------------336,453,305
Jun 03 --------------222,700,162
Jun 02 --------------374,062,639
May 06 -------------257,003,282
May 05 -------------144,298,331
May 02 -------------602,541,670
Feb 26 -------------254,325,277
Feb 21 -------------283,337,500
Jan 10 --------------265,541,278
What passes for "DD" on this board is not "DD" at all. Wild claims are made but NEVER PROVEN with factual information from verifiable sources.
Simple Question: What's the Source for this? Asking for a Friend.
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