Datametrex AI Ltd V.DM

Datametrex sues over "double-deleted" accounting data

[LOLROFLMAO]

From discussion on CEO.ca
https://www.stockwatch.com/News/Item/Z-C!DM-3081378/C/DM
Datametrex sues over "double-deleted" accounting data
2021-05-13 16:51 ET - Street Wire
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Here is a sample of this item:
by Mike Caswell
Datametrex AI Ltd., a cybersecurity promotion trading on the Canadian Securities Exchange, has filed a lawsuit in the Supreme Court of British Columbia against a former accountant, Jihyun Son. The company claims that Ms. Son abruptly left her job and "double deleted" the company's accounting files. Her departure was particularly damaging, as it came in the midst of an audit, the suit states.
The allegations are contained in a brief notice of claim that Datametrex filed against Ms. Son at the Vancouver courthouse on April 28, 2021. The lawsuit identifies Ms. Son as a former senior manager who was responsible for accounting functions that included receivables, payables and payroll. Her employment agreement specified that she would serve the company "faithfully and loyally" and would act in its best interests.
The problems, as set out in the suit, began on March 25, 2021, when Ms. Son resigned her job with no warning, in the midst of an audit. She provided the company with two weeks of notice, but refused to work during that two-week period, the suit states. Adding to the trouble, Datametrex says that it quickly discovered it was unable to access the files Ms. Son had been using. She had not been saving them on the corporate server, instead keeping them on a company laptop that remained in her possession.

[Resilience19]

Indeed. It's File Number 214171 (p. 22/31) on this link: https://justice.gov.bc.ca/cso/viewNewCaseReport.do Not sure it's of much importance to the average retail investor - especially given it's happened a year ago - but interesting tidbit of info nonetheless.

[Resilience19]

When I say I mean the the accountant left over a year ago. The case itself was files two weeks ago. Not sure what impact this may have on the sp, given that the problematic issues surrounding her departure have probably been addressed and I doubt DM will, ultimately, be able to get any measningful cash out of this lawsuit.

[Yeehaw1]

  it is my understanding that it is not an impact on DM shareholders as otherwise we would have seen on the Q4 fins

[TorlifTostorson]

As this is a past problem with one personal, it's just a formal act to announce the law suit. This won't affect the announcement of Q1 anymore. So nothing to be worried about. Only two weeks to go. By the way DM is no data security company. This is not their expertise. Also a company will never be able to prevent employees damaging a company, if they want. GLTA Torlif

[Yeehaw1]

agreed Torlif  i do not see ... this is an issue.  DM has an excellent Q1 and shorts will be burnt.   

[tankumo]

I want that woman jailed.

[frm10328]

I agree. You have to bring the hammer down hard to discourage future threats.

[Billygoat69]

Auditors released the results. No doubt this slowed down the process, but unlikely to have any material impact. However, Ms. Sons reputation just took a major hit; good luck with your next job!! Agree, DM should now be realizing they need to better manage internal data. JMHO glta!