Datametrex AI Ltd V.DM

DM.V WE KNOW WHO WILL BE BUYING ANOTHER 10 MILLION. HOLD ON

[Charts1]

• atametrex AI (DM) has purchased 7,122,500 common shares at an average price of $0.1298 under its current NCIB
• Under the current bid, which expires on June 8, 2023, the company may purchase up to 17,808,301 common shares
• All common shares purchased under the NCIB will be subsequently cancelled
• Datametrex AI Limited is a technology-focused company with exposure to artificial intelligence
• Datametrex AI Limited (AI) opened trading at C$0.12

[Resilience19]

I wouldn't be surprised, when DM updates us on purchases, early-August, if they had rounded out the remaining 10M shares in July, at an average price of 0.115-0.12.

[MUTDMUTD]

...when this buy back is over... no more buy backs... I want dividends from the EBITDA company I have been invested in for years... You think a buy back will raise the price, watch what would happen if a penny stock gave a special dividend of even $0.005 per share... because if they bought 17M shares at an average of $0.12 that's $2M, then divide by 455M shares was my calculation... That's

[PercySweetwater]

My interpretation is that the share buyback was less about numbers and more about signalling mgmt/board belief in the future of the company. My feeling is that the buyback was not intended to raise the sp, but rather to show that the company was willing to put up a significant amount of money to show investors that it truly believed that there is future potential in its current activities.

[Venator]

I am genuinely interested to know of any speculative growth penny stocks that have given out a dividend (other than part of a buy out). It just seems to go against investing acumen to give out a dividend. If you want dividends I think you are invested in the wrong sector.  I would rather see free cash flow go right back into developing new verticals, R&D, organic or take overs.  

[MUTDMUTD]

...yes, exactly, there is no other I am aware of, and that's my main point... It would be unheard of...I understand why they did the buy back and don't necessarily disagree with it as I think it's a decent move where we are right now... I just don't think it's wise to do more buy backs after and use up more cash, basically your other point... So I am saying we did the buy back.

[Iamapothead]

I was stating my desire for a share buy back long before they announced that they were doing one.  At the time I thought it was a great use of cash and I was tickled pink when Marshall announced that they were going to be buying back shares.  However, what I don't like is how they pumped it on Twitter posting about how great buy backs where for share holders and then they prompty

[Investor10X]

DM has an AI technology that is very efficient, effective and extremely adaptable.  If a new vertical presents itself and it makes sense to add it to the company, then I would hope very much that DM doesn't lose out in that opportuntiy and the additional revenue generated by that vertical.   So as long as DM has competent people heading up the different verticals and competent