SHAREHOLDER’S UPDATE — OCTOBER 27, 2022
Digital Brand Media & Marketing Group, Inc. (The Company) is pleased to announce that;
“On 10/26/2022, 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.
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.