Datametrex AI Ltd V.DM

Datametrex AI To Repurchase Up To 5% Of Shares

[AwareInvestor]

Datametrex AI is looking to put its cash to work for shareholders. The firm this morning revealed it has been approved by the TSX Venture to conduct a normal course issuer bid, also known as share buybacks.

https://thedeepdive.ca/datametrex-ai-to-repurchase-up-to-5-of-shares/

[swyint123888]

Once again Marshall telegraphed this news and it's only half the amount of what most were expecting.....he took all surprise value out of this news and again it's not as much as most of us hoped....there are 115,000 on the ask at 14, the most amount I have seen, usually that much at 14.5.....anyways He's already spoiled the EV news coming up too by telling everyone a month before so

[ibsn4512]

How did you ever interpret the number as 10%? My guestimate was $3-5MM for buyback based on about 20% of cash which is prudent; so that DM doesn't find itself in a position of needing to dilute further at some point in the future.

[swyint123888]

well at an 18 average it's 3.2 million, I thought 5-7 million spent but that was for 36 million shares....at 20 cent average it 3,560,000.....your estimates are bang on for a 5% buy back

[IvanVanBeethoven]

"The Board of Directors believes the underlying value of the Company may not be reflected in the current market price of its Shares. As a result, depending upon future price movements and other factors, the Board believes the purchase of the Shares would be an appropriate use of corporate funds and in the best interests of the Company and its shareholders." "...may not be...",