RE:RE:Is tsx uplist dead?Investor10X wrote: In the process of buying back shares why would any serious investor want the price higher at the moment. If the company can continue to buy back the shares at these prices then they are able to reduce the dilution at a reduced cost to the company. This is an all-around-win for the company and the shareholders.
The lack of patience being exhibited is clouding many people's judgement for long term success of this company and of your own investment. How can people constantly complain about the dilution of shares for an acquisition then at the same time complain about the current stock price during a buyback of those same diluted shares? Also, the lower DM buys back the shares the less they will have paid for the EV company. The company was bought at 15 cents. As I mentioned in a previous post, the company can buyback shares, but they can't buy back cash. So buying the company with shares was the smart move when those shares can be bought back at a lower price and cancelled out. In the end, the company will have saved around a million dollars for the acquisition (i.e. paid about $9 million, instead of $10 million) and the aquisition will likely make them far more than they spent. The SaaS revenues will only grow for the company and they will be a consistant and predictable source of revenue for the company.
At this time I have no interest in the TSX uplisting until the share buyback is complete. I did mention in previous posts that my guess was that the uplist won't occur until mid-late August or early September. In otherwords, I don't think we see it until the share buyback is complete. But that's just my opinion and of course I've never been right about anything. lol I have no doubt that they meet all the requirements for uplisting, but it's not hard to drag your feet on requested materials while the company completes its share buyback.
You have an odd way of only seeing one side of everything.
The share price is low for one reason and one reason only. The markets don't believe in DM as much as we do as investors. Marshall can't control the SP so to pretend that it is awesome that our SP is in the tank is quite frankly weird. Yes, I agree that the SP being in the toilet may have an unplanned benefit on the amount of shares that they can buy back.
Thank you on your unsolicited opinion on the patience of DM investors. I've been invested since January 2021 so I don't consider myself new here and the SP is definitely not what it was when I bought in.
We were told in January that the TSX uplist application had been made. It does not take 7 months to graduate from the V to the big board. For you to make assertations that our CEO has directed staff to drag their heels and stall the process is irresponsible and shows your lack of experience.
GLTA