Investor10X wrote: You guys are certainly entertaining. So let me first explain the meaning of what an assertion is because I didn't assert anything, you made a false conclusion. An assertion is a statement a person says with full confidence in the belief that that statement is true. I did no such thing. I simply made a comment that it wouldn't be hard to drag their heels regarding a request, I made no claim that this was actually happening.
However, you did start your post with an assertion that "the share price is low for one reason and one reason only" and then went on to explain what that ONE reason is. You have
asserted that this reason is the only correct answer to the low share price. I disagree, but I have made no assertion as to why the share price is low. I have made possible suggestions as to why it may be low. One of those suggestions is that the low share price could possibly be tied to the share buyback. Now of course any manipulation of the stock for the share buyback is illegal, but it is not illegal for the company to put up a wall of shares at a price that they deem is an acceptable and reasonable price to buy back their shares at. And if someone should happen to sell a large amount of shares into that bid then it works out well for the company and it's shareholders. To use your words, it certainly is a nice "unplanned benefit".
I am curious as to who or what you are referring to when you say the "the markets". As you and a few other guys often use this a lot to justify your position, but with no real explanation. Are you referring to the markets in general and all the other stocks, bonds, currency trades etc.. and possible outside influences that effect "the market" like inflation, supply chain and manufacturing issues or are you referring to other investors in this particular stock as "the market"? Because the broader markets can certainly have an affect on a stock even though they are not directly invested in DM stock, but direct investing will clearly have the greatest impact. It seems to me that you are referring to other investors.
Now considering you don't seem to think any institutions are buying this stock, that would then leave only retail investors according to you. So the company is trading at or near 52 week lows like the majority of stocks in the market (some like the golds were trading at 3-5 year lows) and you feel the ONLY reason for the low share price is poor retail investor sentiment. Regardless of all those great news releases, poor RETAIL investor sentiment is holding this stock down. Now it is certainly possible and true that a few retail investors have probably sold their positions for a loss and moved on to other stocks, as there are many other stocks moving up from their lows. I know I certainly picked up many different stocks at their lows, but I don't need to sell my shares here to buy other stocks. But if you think retail investors are in sole control of the movement of stocks, than who is the amateur?
Yes, it must seem very odd to you to have people support their investment. What's even more odd is seeing people who say they are invested in a stock bash their own investment. lol
Iamapothead wrote: 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