TSXV makes stock manipulation easyJune 2020 Datametrex had something around 280M shares out. At a price of $0.13 it resulted in a MC of roughly $36M.
June 21,2021 Datametrex acquired Medi-Call for $12M, 60M shares at $0.20 per unit and 60M warrants valid until June 2023 for an exercise price of $0.26.
June 18, 2021 DM traded at $0.235 and DM had a MC of something about $70.5M (roughly 300M shares out). One week later after the acquistion DM traded on June 25, at $0.20 and roughly $72M (360M shares out).
Within six months the stock went down until we saw $15.5 (Januar 5, 2022) and a MC of something around $55.8M (360M shares out).
Six months later, on June 9, 2022 DM acquired EV Connect Solutions Inc. for $10M at $0.15 and 66.7M shares. Before DM acuired EV Connect Solutions DM traded at $0.14 and roughly 360 shares out, makes $50.4M MC.
Now DM trades at $0.115, and 422M shares out at a MC of $48.5M.
To me this looks like a pattern and advanced shares based aqusitions managment. Some seems to know how to manipulate the share price as all of us know DM is extremely undervalued and trades just at a $15M higher MC today, but at least 120M more shares out and much more important HUGE, HUGE shareholder value improvement (clean blancesheet, $40M government contract, $20M cash, Telehealth vertical, EV vertical, Ai contracts with LOTTE, ...).
I'm really curious, what happens if DM gets uplisted. Because as far as I know, and this is by far not my expertise, but on TSX this way of dillution based stock price managment is not possible anymore.
Just some thoughts, as I would like to see the uplisting before end of next week.
Have a great dAi.