The filing of the 8K today is a follow-up to the 8K that was filed on
For ready reference, for shareholders and investors, we have extracted below:
“The Securities and Exchange Commission extended the time to issue a decision to
The Company believes this was a perfunctory decision, as the legal Standing Order remains the ALJ’s dismissal of
In closing, the shareholders and the Company have been damaged by the external mitigating circumstances/events, as well as the protracted delay, including the pandemic, during which Digital Brand filed every 10-K and 10-Q on a timely basis as a show of good faith and intent going forward. The Commission provided for extended reporting timelines in recognition of the hardships of the pandemic, but Digital Brand followed the judge’s direction in the dismissal and filed on time.
The Company’s stakeholders following
The Caveat Emptor was removed
Finally, DBMM can advise stakeholders and the public, writ large, that all of the hurdles are behind us and we are now focused on developing and building the business, which has been in neutral due to the unnecessary regulatory constraints and issues. Nevertheless our filings remained timely since the Super 10-K was issued in 2018.
The company remains transparent and with the continuing presence of our long term investors, shareholders, and stakeholder supporters, we look forward to moving ahead as we have, step by step to create incremental shareholder value. That value will be exhibited in both market cap valuation and shareholder value.
As plans are executed, we will provide further details. The journey ahead is bright and the narrative dynamic . More to follow.
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
Contact: DBMM GROUP, INC.
Address:
Website: http://dbmmgroup.com/
Phone: (646) 722-2706
Email: info@dbmmgroup.com
Source:
2023 GlobeNewswire, Inc., source