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Saturday, November 26, 2022

Digital Brand Media & Marketing Group, Inc. (OTCMKTS: DBMM) Running as Company Meets Requirements to Trade in US and Short Covering Rally Intensifies

Digital Brand Media & Marketing Group, Inc. (OTCMKTS: DBMM) tripled on Thursday after the Company announced they are now compliant with FINRA Rule 6432 and have met the requirements under that rule to initiate a quotation for DBMM within four days of 10/26/2022. For Shareholders, this means the company has been approved to resume trading. Glendale Securities is the company’s sponsoring broker to FINRA and its designated Market Maker. The Form 211 clearance to resume trading has taken place. The removal of the OTC Market’s icon, CE follows the resumption as next step. In the interim, the market is cleared. This means US shareholders can buy and sell. The restriction for US buyers has been lifted.  

DBMM is another short squeeze from Kramer and Asher of GTII fame which blew up from $0.50 to just under $9 per share in recent months as the shorts got taken to the cleaners. DBMM is an SEC filer and will have the skull & crossbones designation removed from OTCmarkets and be eligible for trading from the US within days. DBMM is also a revenue generating Company that continue to see significant growth reporting $164,000 in sales for the 3 months ended May 31, 2022 up from $120,000 for the same period last year. 

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Digital Brand Media & Marketing Group, Inc. (OTCMKTS: DBMM) operating out of NYC, New York and London, Uk operates through its wholly owned subsidiaries including Stylar Limited dba Digital Clarity. The Company is a multi-service digital marketing agency which specializes in creating effective strategies and campaigns for clients across a range of vertical markets, working in four key areas: 

  • Search Engine Marketing – for search engines like Google, Yahoo Microsoft Bing 
  • Analytics – measuring and analyzing web traffic to optimize performance. 
  • Strategy & Consulting – digital transformation and marketing strategy. 
  • Social Media – planning and measuring social metrics digitally in order to diagnose strategy. 

DBMM Group can leverage its team’s experience in digital media and provide leading strategy, deployment and measurement to its core markets in many industry sectors, from creative to traditional corporate. The vertical B2B sectors encompass areas such as B2B ecommerce, SaaS, Blockchain, Fintech, Software Sales and Technology. 

The Company is rolling out the services of both the technology and marketing services offerings from its operating base in the UK with a plan to increase its presence into the larger markets in the US. namely Los Angeles and New York. The intent in fiscal year 2022 will be a strategy of cash infusion to immediately correlate to increased revenues. Growth is clearly a function of available capital. Fiscal year 2021 reflected the Company’s continued progress by being awarded contracts for a number of new clients, in the midst of a very challenging year because of external factors beyond the Company’s control, specifically the pandemic and the SEC Matter awaiting the Commission’s final affirmation of the dismissal. The contract model strategy results in a full digital technology and marketing consultancy from design following an analysis of the client’s analytics, then executing and stewarding the evolution of the model. The Company’s mantra is “ROI is our DNA,” the underlying focus for business development. According to the Company’s 10k filed on November 5, 2021 DBMM has 7 full-time employees as of August 31, 2021. 

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DBMM

On October 27 DBMM announced that on October 26, 2022 FINRA processed a Form 211 relating to the initiation of priced quotations of DBMM, which means that the submitting broker-dealer has demonstrated to FINRA compliance with FINRA Rule 6432 and therefore has met the requirements under that rule to initiate a quotation for DBMM within four days of 10/26/2022. FINRA’s processing of a Form 211 in no way constitutes FINRA’s approval of the security, the issuer, or the issuer’s business and relates solely to the submitting broker-dealer’s obligation to comply with FINRA Rule 6432 and SEA Rule 15c2-11 when quoting a security.” 

For Shareholders, this means the company has been approved to resume trading. Glendale Securities is the company’s sponsoring broker to FINRA and its designated Market Maker. The Form 211 clearance to resume trading has taken place. The removal of the OTC Market’s icon, CE follows the resumption as next step. In the interim, the market is cleared. 

This means US shareholders can buy and sell. The restriction for US buyers has been lifted. Shareholders are also advised to do their own Due Diligence and hence ignore nonsense, opinions, and misinformation. Read FINRA 6532 regulations yourselves and SEC 15c2-11. Compliance has been fulfilled. This action represents another step forward; resuming normal trading is resuming normal business. Another update will be issued in 2-3 days according to DBMM Management. 

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Currently trading at a $1.8 million market valuation DBMM has a ton of room for growth from here. As DBMM goes back to “pink current” and can be purchase by US investors and shorts begin to cover this entire situation could blow up into a whole new stratosphere. As stated DBMM is another short squeeze from Kramer and Asher of GTII fame which blew up from $0.50 to just under $9 per share in recent months as the shorts got taken to the cleaners. Speculators are looking for DBMM to follow a similar course as GTII. We will be updating on DBMM when more details emerge so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in DBMM either long or short and we have not been compensated for this article.

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