Jetmek_03052
17 hours ago
Let's look at the REAL numbers, shall we??
So I just went through the last 6 years of 10K's that DBMM published. These numbers show just how sad an existence DBMM is leading.
In the 2017 10K, the total loans payable was listed as $370,000. Let's do a year by year comparison of how much revenue DBMM took in, as compared to how much loan money they took out!
2018 - Revenue for the year was listed as $536,501,
New loans totaled were $70K.
Total Loan Debt increased to $440K.
2019 - Revenue for the year was listed as $415,662 - A decrease of over 22% of previous years revenue
New loans totaled $231,424 - an increase of over 30% of previous years borrowing
Total Loan Debt increased to $671,424
2020 - Revenue for the year was listed as $268,957 - A decrease of over 35% of previous years revenue
New loans totaled $358,341 - an increase of over 54% of previous years borrowing
Total loan debt increased to $1,029,765
2021 - Revenue for the year was listed as $171,712 - A decrease of over 36% of previous years revenue
New loans totaled $664,675 - an increase of over 85% of previous years borrowing!!!
Total loan debt increased to $1,694,440
2022 - Revenue for the year was listed as $225,842 - An increase of over 31% of previous years income
New loans totaled $284,991 - a decrease of over 54% of previous years borrowing!!!
Total loan debt increased to $1,979,431
2023 - Revenue for the year was listed as $309,644 - an increase of just over 37% of previous years income
New loans totaled $526,157 - an increase of over 84% of previous years borrowings!!
Total loan debt increased to $2,505,588
For the quarters recorded in 2024 (not audited) -
Q1 Revenue listed for Q1 was $85,550, New loans of $141,425
Q2 Revenue listed for Q2 was $80,784, New loans of $157,817
Q3 Revenue listed for Q3 was $42,335, New loans of $179,940 (Q3 Stated loans totaling $2,984,770)
It is now well into the 4th Q (about 5 weeks left till year end for DBMM). We've heard NO news of any new clients other than the Austin client. If we extrapolate the figures from Q3 into Q4 numbers? 2024 will have revenue of roughly $251,004 (19% decrease from 2023), and added loan amounts of $659,122 (25% increase over 2023 borrowing).
Currently, DBMM is borrowing over 3 TIMES what they are bringing in for revenue. Their loan debt will amount to at LEAST $3,164,710 (If they borrow the same amount in Q4 as they did in Q3).
Add current Accrued Salary of $2,443,563 and the extrapolated loan debt of $3,164,710 (estimated, end of August). DBMM would likely owe $5,609,273!
Keep in mind, last Q they had income of just over $42K!
These figures should open eyes! People think this is going to eventually be on the Nasdaq????? That is a JOKE.
StayHumble
18 hours ago
w0wSEC✅charges🎅🏿&👽w/ArtificiallyDeflatingSharePricestoBuy Shares at a cheaper price
6, 12, 2023 —
SEC charged investment adviser Sabby Management LLC & managing partner,Hal D. Mintz,w/ fraud in connection w/ a lon
g running scheme involving misrepresentations & violations of rules for short selling & order making, + other violative trading, that generated $2M + in illegal profits.
From at least March 2017-May 2019 Sabby|Mintz repeatedly circumvented trading rules to conduct unlawful trades in the stock of 10 PUBLIC COMPANIES. Sabby |Mintz engaged in illegal “naked short selling” by intentionally|improperly placing short sales when they knew or were reckless in not knowing that they had not borrowed or located the shares, & then failed to make timely delivery of the shares. The purpose was to earn profits they could not have gained by legal trading.
https://www.sec.gov/news/press-release/2023-107
OTC MARKET $HCMC $DBMM $GTII + Related