Datametrex AI Ltd V.DM

Newbie Question

[1MTFSA]

Just doing some initial DD. Can someone explain the reason the company decided to start selling covid detection kits which has no correlation to it's core product. Just seems odd. Any thoughts appreciated. Thanks!

[TorlifTostorson]

Nice soft bashing @1MTSFA! Read press release in April and May and you'll find the reason by DD. Best Torlif  

[1MTFSA]

Not bashing but asking a valid question. I read the PRs but that still doesn't change the fact that detection tests are not software. Real answers are appreciated over labelling.

[mrmonopoly]

The issue is that you claim to be doing "initial DD" and then ask a question that can be easily answered by going to DM's first NR related to covid test kits, which would have been your first step if you were actually doing any level of DD. This immediately makes me suspicious of your intentions here, and your ability to contribute effectively to this board.

[TorlifTostorson]

Agree with you @mrmonopoly. But let's see how @MTFSA will act here. Let's give him a chance. Maybe he will contribute constructivley. Time will tell. Great luck to you Torlif

[TorlifTostorson]

I correct myself. The second comment of him disqualfies him for me. JMHO Torlif

[jckhammer]

[swyint123888]

The only question that matters is what you and your professional financial advisor think of it....so let us know what you and him / her have decided....if you don't like it why would you buy it??? if you do like it why the silly question. Have a lovely day newb lol

[1MTFSA]

You obviously know very little about the financial advisory industry. Have a nice day as well ;)

[swyint123888]

This is going to be fun. Your comment suggests that this financial advisory thing you speak of would frown on such things as moving into something other than their original tech......yet you bought anyways....meh I guess you don't believe this advisory thing.....yawn

[forthemoney]

Here's a video interview with the CEO from a few months back that explains reasons why COVID testing ... https://www.youtube.com/watch?v=syAzx6zEWLw Also, during my DD I found the fact that a high-value investor (after doing his/her own DD) decided to take a significant position in DM ... I like that "big money" is gaining interest in DM's work ... GLTA eom

[activeany]

This post has been removed in accordance with Community Policy

[Tobias323]

If you go back to 2017 and follow the company you see that they pivot to what's hot worldwide. Bitcoin, Blockchain, Weed, now Covid. It is just their nature. You could think it is good ar bad, up to you. Their main core AI is what they do best though.

[mrmonopoly]

Tobias, you're right that DM has a questionable history of poor decision making by management, but there are big gaps in your assessment. Firstly, bitcoin and blockchain was under the same endeavour, so don't try to classify them as two different pivots. I agree with you though, that was a mistake as it was way out of their element. Secondly, the weed endeavour (I assume you're

[Kensin1954]

Monopoly I agree.   Not withstanding most of the small companies from that era are gone!!!! DM is still here and doing better then they ever have. Have they hit $0.45c  Not yet. But it's going to happen. When Gunter came in and Jeff Stevens left The Company became 100% focussed on "Smart AI"  The CV19 no one on this planet specifically saw coming and for sure

[RapsAlot]

25% of SONA due to share difference puts this at a SP of roughly 60 cents. All those pushing to the moon are not looking at the outstanding shares and market cap differences. Plus that is comparing them to the one stock that went nuts. I think a SP increase is inevitable but thinking 60 cents is achievable is aggressive. Personally in .30s would please me.

[rewko1]

.30 with just covid test kits sales? Where do you think their AI will take them?

[RapsAlot]

Same with what announced to date. More contracts, reevaluate. 

[Tobias323]

Graph Blockchain and Ronin were meant to be separate entities. Both were to spin-out. So not the same.