Digital Domain Media Group Com USD0.01 (DDMG) Quote

DDMGQ CUSIP suspended. FINRA deleted symbol.

http://otce.finra.org/DLDeletions

It might be, I check here every now and then to visit the biggest loss I've ever had in my trading career. 90% of my portfolio whipped out that day they filed and I wasn't watching the computer, 90%. All their holograms, and concerts couldn't save them. Now they are back at it again, but alas, this stock will flounder in the nether-sphere of nothing. Because nobody likes to invest in a broke $#%& company. From $5 to .0040 From NYSE to Pink Sheets, R.I.P Turd.

Digital Domain Forms Strategic Joint Venture Partnership with POW! Entertainment, LLC

http://en.acnnewswire.com/press-release/english/19904/digital-domain-forms-strategic-joint-venture-partnership-with-pow!-entertainment,-llc

is this the one and the same ?

http://quotes.wsj.com/DDMGQ

Digital Domain Holdings Ltd (547-HK :HONG KONG STOCK EXCHANGE) ?

This is funny

Anyone have any insight here!
I thought this was dead a long time ago. Are there any revenue streams projected yet?

DDMGQ - up 50% Nice!

looks like i was spot on...

Rock the Bells to Birth Hologram Eazy-E, Hologram ODB

http://www.grantland.com/blog/hollywood-prospectus/post/_/id/77063/rock-the-bells-to-birth-hologram-eazy-e-hologram-odb

Nice bid of 291,000 shares at 1.8 cents.

This baby is about to blow. Some shorts haven't covered yet, and there are still a few ways this can play out in favor of shareholders, anyways.

That 291,000 bid I see at 1.8 cents is the highest I have seen all year. It is a good sign that something is up. It is there for a reason, and represents just under one percent of the company (even though the dollar amount is small).

I expect that they are going to have to pay a much higher price to get what they want, as everyone who has kept shares is riding till the end.

It could get interesting real soon here. Lots of other beaten down Q stocks have raced up over the last few months. DDMGQ is next.

From the filing -

"Accordingly, the Debtors have been reduced to a liquidating shell company and are working with, among other parties, the Committee, to investigate various potential causes of actions that are property of the estate."

Prediction - this will wrap up under a Chapter 7. Down the stool.

Shareholders are equity. Unsecured creditors are not equity.

Shareholders ARE unsecured creditors.

This is the only Q stock I have that hasn't spiked yet. They ARE unsecured creditors, and there was also a final ruling last week by the judge restricting trading in the stock. In other words, nobody is allowed to buy or sell 2,000 shares without court approval.

So, some entity will use the NOLs coming out of this. I have a feeling that the secured noteholders might allow Palm Beach Capital to take the shell as part of a settlement, since the secured shareholders sold the shares short and scammed the public on this death spiral financing.

We'll see, suckers. I know the shorts will cover in September, near the one year anniversary of the plunge.....if not sooner.

Shareholders are not unsecured creditors. What shareholders need is an equity committee. If there isn't any, get one appointed right now. One glance at this tells me shareholders are toast. Not even close.

Motion for Entry of an Order Further Extending the Exclusivity Periods to File a Chapter 11 Plan and Solicit Acceptances Pursuant to Section 1121 of the Bankruptcy Code; Hearing to be Held April 24, 2013 at 1:00 p.m.

Debtors proposed new date July 8 2013

http://www.kccllc.net/documents/1212568/1212568130403000000000001.pdf

Shareholders have a chance here. Being unsecured creditors, shareholders will at least be given something. If that ends up being 4 million, that is still 10 cents per share. It could be a lot more than that once you factor in the proceeds from Directors and Officers insurance policies.


http://variety.com/2013/more/news/lawyers-to-laid-off-digital-domain-freelancers-pay-us-or-well-sue-1200194391/


Numerous artists, mainly people who were working remotely for DDMG and were considered independent contractors, have received letters asking them to return any payment they received from DDMG or face the threat of a lawsuit to recover those funds.

The letters are from law firm Brown Rudnick of New York, which represents the court-appointed Unsecured Creditors Committee in the DDMG bankrupcty. Brown Rudnick is trying to claw back any preferential payments DDMG sent out in the 90 days prior to the company’s September 11 bankruptcy. Any recovered fundswould go back into the DDMG bankruptcy estate to be split among all unsecured creditors.

It's riding at just about an all time low on minimal volume.
Nobody is making money on this stock with these tiny dollar volume trades.

what is going on why is the stock going bewteen 0.01 and 0.02 for the last few days? is ppl making money from this? are ppl buying dead stocks? or selling it?

Jimmy Hendrix Hologram? New album coming out and DDMG might be able to pull off another!
http://www.jimihendrix.com/us/news/jimi-hendrixs-people-hell-angels-coming-march-5-2013

CASE INFORMATION -Corporate Restructuring : Active Cases : Digital Domain Media Group, Inc. (DDMG)

http://www.kccllc.net/DDMG

Nothing was lost.

Those shares are meaningless. It has been steady leaking for many months. At some point the market maker will create some noise and drive it up. But either way, the 40 plus million shares are all owned by somebody, and there hasn't been any selling for many months.

There will be some movement. You never know when. When it happens, it will be lightning quick. I saw today that they authorized another 250K or so to investigate the officers and negotiate a payout with the D&O insurance company. If you look at the recent billing from certain attorneys you can see that there were depositions in January and lots of work being done.

That will be a nice chunk of money, and that isn't even counting the separate Palm Beach Capital suit against the secured lenders.

I told many of you I also liked MFGLQ last year. It went down to under 2 cents. It is now 13 or 14 cents. The biggest disasters usually have the biggest bounces. Check the price action of that one the last 8 months or so. The same thing can happen here.

Ridiculous day. 50% in value lost over a $30.75, 2050 share, trade. That sucks, but that is only my opinion.

Yes, finally some action.

Lots of other BK stocks made moves at the end of last year and early this year. DDMGQ was due. I saw PNCLQ go from under one penny to 7 cents in about three weeks (now 3-4 cents), and I saw MFGLQ go from 2 cents to 14 cents in short order (now 12 cents).

For DDMGQ today is the first day in a while where the bid was close to the ask. Early on the bid was 1.8 cents and the ask 1.9, wheras before it was always a wider spread, with the last few weeks show bid of just over 1.0 and ask about 1.8.

Hopefully some shorts see this and cover. Insiders never did sell, and I know that Palm Beach Capital is involved in a suit with the secured lenders.

Any buying pressure at all will send this much much higher.

Recent activity in DDMGQ is leaving me with some hope I may recover at least some of my losses. One or two more big days and I will be very happy.
Lots of volume today compared to the recent past. Post Academy Awards exposure I am sure.

Thanks for your knowledgeable information.

It can and will trade all through the BK....but with the company divesting all it's assets it's apparent there will be little to no value when the emerge.

Resulting in the likely cancellation of equity.

Most investors tend to dump stocks like that.....and unless it can draw 'traders' to manipulate the PPS up and down for profit it won't see much upward movement.

Bar any big surprising event to show equity will be in the money upon emergence this will stagnate ( as it has).

Nobody is investing on a equity saving, extremely remote, 'maybe' for equity knowing the company is divesting every asset.....the courts tend to favor the Debtors in all these CH11 cases.

James said DDMGQ should make a move up but it hasn't. What is your opinion?

Unfortunately that has nothing to do with DDMGQ anymore. It was an asset that was sold off, is not part of the company, so it can not benefit shareholders.

RELIEF REQUESTED
7. By this Motion, the Debtors respectfully request that this Court, pursuant
to section 1121 (d) of the Bankruptcy Code, further extend the Exclusivity Period for filing a plan
of reorganization through and including April 9, 2013 and through and including June 3, 2013
for obtaining acceptances of a plan of reorganization.


1/8/2013- Doc 0773 - Motion for Entry of an Order Extending the Exclusivity Periods to File a Chapter 11 Plan and Solicit Acceptances Pursuant to Section 1121 of the Bankruptcy Code

Price should move up within two weeks.

Any shorts who are left will cover either the last three days of trading of 2012, or in the first week or two of 2013. The market maker could also create a little noise and run the price up.

It is not far fetched that equity will get some sort of payout, as the Palm Beach Capital lawsuit against the Senior Lenders could lead to a settlement.

This is the type of stock that can go up 5 times in one day. You wouldn't think there would be many sellers the first week of January. Those who want to sell have already done so.

Expect a flurry any day. This BK cannot possibly be settled until late 2013 at the earliest. Primed for a huge gain at some point from here.

Another 5.45 million in the pot.

Celebrating a bit early....lol

Care to share how much is being billed to the estate to date for the different law firms, financial advisers, etc ???

A quick glance at the latest three submitted in the last couple of weeks is over $2mm just for two months of service.......and I haven't even dug back really....and all the firms haven't even submitted applications yet...

How much do you think these invoices will add up too over the next year.....and then deplete entirely....any of these small gains ?

Any idea what else needs to happen to move the pps?

Another 5.45 million in the pot.


The InThree patents were sold for 5.45 million this week. How do I know this? The Disney attorney filed a letter to the court today, and in the letter was a copy of a transcript from a hearing that they had yesterday.

The Digital Domain attorney mentions the sale, buyer, and amount.


http://www.kccllc.net/ddmg

Document 0717



So, most all of the assets have been liquidated. That is great. Now, we move on to recovering proceeds from Directors and Officers insurance policies, as we also await the trial or settlement involving Palm Beach Capital and the Senior Lenders.


Here is a great article that happens to mention the Palm Beach Capital/Senior Lenders battle.

http://www.tcpalm.com/news/2012/dec/18/former-textor-associate-looks-to-get-paid-after/


Textor wrote that he thinks Stork’s matter against him will be settled.

“Carl is entitled to the $5 million settlement he negotiated with the company,” Textor wrote in an email. “Carl’s claims should take priority over the claims made by Digital Domain’s lenders who shorted the Company’s stock, refused to allow new money to come in to the Company, and tried to double their money in less than four months, as outlined in Palm Beach Capital’s lawsuit against the lenders which is now being considered and investigated by the Delaware bankruptcy court.”


Of course, that money doesn't have any priority status at all. It is a general unsecured claim now, and besides, the D&O insurance policies were obligated to pay that out anyways, as the insurance carriers were involved in the settlement.

But it is good to see the story getting out there.

Most astute post in months.....kudos.

..... with the auction results and the unsecured creditor agreement with the lenders, unsecured creditors right now are looking at a very low percentage of the results, if any. Definitely not 50/50. Unless the patent auction yields a very nice amount, which it still could, especially after Disney lost the ruling.

I am more looking forward to the PBC vs Senior Lenders Verdict/Settlement. If PBC wins, price will spike and that will be the best time to sell.

The amount for the Tembo Rights was published

in one of the court docs and not sealed but it was not in the tens of millions as some would expect. Ended up "The Art Project" was sold separately from the Tembo Rights.

939K is peanuts in comparison to the value that most of the equipment were bought for... but that's time and liquidation for ya. That and they are selling everything not just personal property. So expect the total to go past $1 million.

After the liquidation, there's the D&O and Patents. Can't see anywhere else the estate can get money, but they'll find out even for just pennies.
There should be more than one bid for an auction. It'll be a surprise, if there's only one bid.

Given the way the BK has been handled and the results thus far, I can't see some entity going forward. None at all. Who and what is left to go forward for the estate to rebuild after the auctions are over, (if it ever rebuilds). The Senior Lenders and Katzenstein? Rather, "IF" How?

Correct me if I'm wrong, with the auction results and the unsecured creditor agreement with the lenders, unsecured creditors right now are looking at a very low percentage of the results, if any. Definitely not 50/50. Unless the patent auction yields a very nice amount, which it still could, especially after Disney lost the ruling.

I am more looking forward to the PBC vs Senior Lenders Verdict/Settlement. If PBC wins, price will spike and that will be the best time to sell.

Asset sales being completed.


They are even conducting auctions of personal property like computers, etc. They made over 900K yesterday, and have today and maybe more of those. That is peanuts, but it shows that they are liquidating the assets, which is good.

They sold the Tembo rights, yet nobody has published the amount. I believe they put it under seal.

Today, bids are due for the IN Three Patents, and if there is more than one bid there will be an auction. This could lead to a pleasant surprise, as they are valuable assets, and Disney lost a ruling this week that makes the assets even more valuable, because it gives the owners of the patents the right to sue Disney and others.

Within the next few weeks it is likely that most of the assets will have been sold. Then, it is on to recovering tens of millions from the D&O Insurance policies (Directors and Officers).

The question will be how they divide the assets when the estate is wound down, or on the slim chance that some entity goes forward. That question will be easier decided when the trial between Palm Beach Capital and the Senior Lenders either renders a verdict or settlement.

3 cents is a great price, as this BK cannot be settled within 9 months, as there are actually dates right now that go out near July of 2013.

The price will hit at least 10 cents and likely more between now and mid 2013, and it could happen any day. If Palm Beach Capital wins their suit, the price could easily go over 50 cents.

Very little risk at 3 cents. Almost none, in fact.

Explain what's going on here...I'm long....very long. Any new court info, 12/12/12 came and went. The earth is still rotating and Wall will be open in the morning.

Judge rules against Disney.

And FOR Digital Domain. The In Three patents will be sold FREE AND CLEAR this week, and the price will go up because Disney will have to pay in the future if they want to use the technology.

Also, there is a motion to extend a certain date until June 13th, 2013, so this thing will take another year, at least, to completely wind up.

Good luck keeping it at 4 cents all the way through. Lol. Palm Beach Capital will win a Judgement against the Senior Lenders in the next 3-4 months, or the Senior Lenders will have to make an offer.

So sorry most can't read.

I guess you don't understand how Market Makers make the OTC liquid.

I wonder why nobody who owned the 45 million shares is selling?

If nobody is selling does not matter. That keeps the stock price exactly where it is.....or lower.

The only thing that matters is that there are no buyers.

In the absence of liquidity this is how the Market Maker system is set up to keep it liquid....this is basic stuff....

You see, once an order to 'buy' is entered a Market Maker must fill the order....even if they do not have a 'seller' to match the order ( ala no liquidity)... they have to sell them short to fill the order and complete the sale later.

If they can not complete the sale because there 'are no sellers' than the Market Maker's start raising the bid drastically to induce sellers and close the temporary short sale.

Since Market Makers do not typically hold inventory, or short sales, overnight they do this almost immediately after and the L2 starts climbing north.

So even if all the sellers were lining up in droves, as long as there are no buyers the price of this stock stays down where it is.

Really ....?
I know how the minds of investors work. Most people are horrible at investing. If the price had gone to 15 cents last week when the Judge granted the motion everyone would be piling on and buying more. Most can't think for themselves. I can, and I do.

'Most people are horrible at investing'....really ?

Looks like the only 'investor' who got it wrong....was you.

LOL.

Could be rolling early next week.
Tuesday hearing and Wednesday potential asset sale auction announcements. Shorts might want to cover Monday. If we get any type of positive development at the hearing on Tuesday, we should hit 10 cents easily.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81773159

We have tomorrow (Friday), then 5 days next week, then only one day the following week before the Court Hearing. That is only 7 days of trading.
We should be up substantially between now and then, and if we get the right verdict, or a compromise/settlement, then I would expect the price to jump to 15-20 cents or more.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81544117

We will see 10 cents again. Minimum.

On one of the filings today there were three upcoming dates mentioned. The last one was in Mid March of 2013, so that means that this case is going to drag on until at least the summer of 2013.

With hardly any float at all, there will be some good spikes. The Judge granted Palm Beach Capital their motion, and there is going to be a trial where Palm Beach Capital will be forcing the Senior Lenders to answer lots of questions.

If the Senior Lenders want to risk a huge judgement against them, then they are welcome to go through with the trial and see what happens. My advice would be to settle.

8 parties have received subpoenas already. It is almost mathematically impossible to stay under 10 cents the whole way through. Think about it. There is going to have to be a settlement, or there is going to be a verdict. Palm Beach Capital is suing on behalf of shareholders, as they own 37 percent of the shares, and that dwarfs their only other claim, which is their only secured claim, the loan of 5 million.

So, they are going the distance and need for equity to get a payout in order not to take a monster loss. They have shown they are willing to spend the resources to put the Senior Lenders to the test.

If shareholders get a payout of just 8 million that is 10 cents per share. They are gunning for more than that, and they also have potential proceeds to divvy up from the Directors and Officers insurance policies.

I know how the minds of investors work. Most people are horrible at investing. If the price had gone to 15 cents last week when the Judge granted the motion everyone would be piling on and buying more. Most can't think for themselves. I can, and I do.

There is no real chance that this stays under 10 cents all the way through the BK process. That means, that at a minimum, you will more than double your money from here. That is the worst case scenario, as there will likely be multiple spikes, and they can come at any time.

Do you guys think we will ever see .07-.08 again?

This means the claim gets satisfied before shareholders see a dime. Prediction: They don't.

The city also is not waiving its claim on getting back the $7.5 million it issued Digital Domain as part of a $10 million grant agreement.

..... the city's unsecured claim was a low priority claim in the bankruptcy case and the settlement is the best outcome for the city..........However, the city does not waive the right to make claims against any non debtors nor the right to seek claims if there's any damage done to Tradition Studios from when the judge issues a settlement order to when Digital Domain vacates the building. The city also is not waiving its claim on getting back the $7.5 million it issued Digital Domain as part of a $10 million grant agreement.

http://www.tcpalm.com/news/2012/dec/03/city-of-port-st-lucie-oks-potential-settlement/

DDMGQ news update

http://www.tcpalm.com/news/2012/dec/03/city-of-port-st-lucie-oks-potential-settlement/

City of Port St. Lucie OKs potential settlement with Digital Domain


PORT ST. LUCIE — Nearly 17 hours before the city was set to duel with Digital Domain in bankruptcy court, the City Council unanimously voted to wave a white flag and approve a potential settlement that will hand Tradition Studios over to the city by end of the year...

Wow - no one with a brain even wants to sniff this t*rd.

http://pevc.dowjones.com/Article?an=DJFLBO0020121130e8buncoit&cid=32135028&ctype=ts&ReturnUrl=http%3a%2f%2fpevc.dowjones.com%3a80%2fArticle%3fan%3dDJFLBO0020121130e8buncoit%26cid%3d32135028%26ctype%3dts

Digital Domain Investor Palm Beach Capital Sues Over $25M Fee
Stephanie Gleason
November 30, 2012
(c) 2012 Dow Jones & Company, Inc.
Palm Beach Capital, a private-equity firm that holds a 37% stake in Digital Domain Media Group Inc ., is suing investor Tenor Opportunity Master Fund Ltd. and other related investors over what it calls an "unlawful" penalty that pushed its claim against Digital Domain to $70 million from $35 million in just four months.
Tenor provided Florida-based Digital Domain with a $35 million loan about four months ago, prior to the company's Chapter 11 filing, according to the suit. The $25 million fee that increased Tenor's claim against Digital Domain, referred to as a "make-whole penalty," is meant to account for interest payments that Tenor won't receive on its investment because of the early repayment....

Very interesting. I will make a lot of money here.

They are moving these shares around. Part of Palm Beach Capital's Plan, and I like it. Market cap right now just 2 million.

Macqueire even has 5 million. They are big time. They are in business with Palm Beach Capital, I think. They are very legit, too.


http://www.kccllc.net/Docket/SearchResults.asp?T=3376



11/30/2012 0587 Declaration of Status as a Substantial Shareholder 229 k
11/30/2012 0586 Declaration of Status as a Substantial Shareholder 231 k
11/30/2012 0585 Declaration of Status as a Substantial Shareholder 229 k
11/30/2012 0584 Declaration of Status as a Substantial Shareholder 229 k
11/30/2012 0583 Declaration of Status as a Substantial Shareholder 232 k
11/30/2012 0582 Declaration of Status as a Substantial Shareholder 590 k


Subpoenas also being served.

11/30/2012 0572 Subpoena to Kaleil Tuzman with Proof of Service 155 k
11/30/2012 0571 Subpoena to Jonathan F. Teaford with Proof of Service
11/30/2012 0569 Subpoena to John W. Kluge, Jr. with Proof of Service 718 k
11/30/2012 0568 Subpoena to the Digital Domain Media Group, Inc, et al. with Proof of Service


I'll never know why most investors are so lame. I guess people like to buy high and sell low. Everyone is waiting for the comfort of the crowd. Some terrible investors must lurk here.

http://gossipextra.com/2012/11/28/digital-domain-john-textor-sells-house-2063/

lol, $2,510 bought up .06's and then it gets whacked at .05 for $170

Always trying to push DDMGQ down with those tiny bid hits.