RE:RE:RE:RE:RE:RE:RE:RE:Another useless release ...In regards to subsection (y) below, does an NCIB fall under something "that would reasonalbly be expected to significantly affect the market price or value"? buying back shares does change the share structure of the company and therefore the valuation of the stock's share price. Again, how I choose to interpret it may not meet the threshold as determined by the Exchange.
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(y) any other developments relating to the business and affairs of the Issuer that would reasonably be expected to significantly affect the market price or value of any of the Issuer’s securities or that would reasonably be expected to have a significant influence on a reasonable investor’s investment decisions.
Resilience19 wrote: I agree that DM is likely to have gone ahead with purchases. It makes economic sense in the context where they have the cash and that the sp is depressed. I also don't think it's a monthly requirement to report to shareholders - only to the Exchange -; although U expect a repeat if July, with an announcement coming out shortly.
Investor10X wrote: I'm 99% positive that they bought back shares as Pi Financial was active over the month. I can only interpret the rules and regulations based on what is written in the TSX policy. And it doesn't say they must report to shareholders each month, only to the exchange, but I think they most likely will report to shareholders, as they did last month.
Again, I'm just providing possible reasons if we don't here any news about it today. Today is certainly not over. Now, maybe it doesn't have to say directly in the rules that the company must report to the shareholders monthly for a NCIB. Maybe the very act of having to report something to the exchange may default to a certain set of rules requiring the company to release news to the shareholders.
Resilience19 wrote: Not to mention that another reason for not reporting may simply be due to the fact that they may not have went ahead with purchases in July - although I suspect they have.
Investor10X wrote: Like I said, you lack very little comprehension or you didn't read my post.. or couldn't read it. There's nothing stopping the company from disclosing the information monthly, but based on TSX policy it does not say they are required to report it on a monthly bases to the shareholders, only to the exchange. Yes, it does say they will be updating the market, but again they are not required too, this would be their choice.
You really do love proving my point that you have difficultly reading or comprehending a post. lol
dirtydzn wrote: Coming from the pompous jack@ss that hasn't been right about anything. I guess your comprehension skills are lacking
Toronto, Ontario--(Newsfile Corp. - July 5, 2022) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the "Company" or "Datametrex") announces that it purchased an aggregate of 7,122,500 common shares of the Company ("Common Shares") at an average purchase price of $0.1298 during the month of June 2022, pursuant to the Company's previously announced normal course issuer bid ("NCIB"). The Company intends to continue purchasing its Common Shares under its NCIB and will be updating the market on the progress on a monthly basis. Their words...moron
Investor10X wrote: scottrose wrote: The fact that they are yet to release news on NCIB doesn't diminish today release, actually this is just additon to last week release,
First of all you will realize in time that posters like swyint, StuGatz, Yeehaw, dirtydzn have no understanding of TSX policy. Even if they were to look it up they often have difficulty with comprehesion and interpreting the information correctly.
8. ReportingPurchases
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8.1 Within 10 days after the end of each month in which purchases are made, whether the securities were purchased through the facilities of the Exchange or otherwise, the Issuer must report to the Exchange the number of securities purchased in the preceding month, providing the dates of the purchases, the average price paid and stating whether the securities have been cancelled, reserved for issuance or otherwise dealt with. No reports are required during any period in which no purchases are concluded.
As you can read on your own, it does not say that the company is required to report share purchases to the shareholders each month,
only to the exchange. But this does not stop the company from putting out a news release and reporting this information to the shareholders if they choose to. So if we do get an update on the NCIB, it was done not as a requirement, but by choice from the company. Disclosure to shareholders would however be required in the next quarterly report as it would be material information.