Bullboard - Stock Discussion Forum Datametrex AI Ltd V.DM

Alternate Symbol(s): DTMXF

Technology Information Technology Services

Datametrex AI Limited is a technology-focused company with exposure to artificial intelligence, healthcare, and mobile gaming. It is focused on collecting, analyzing and presenting structured and unstructured data using machine learning and artificial intelligence. The Company's products include AnalyticsGPT, Cyber Security, and Healthcare. AnalyticsGPT platform scans vast data streams from... see more

Add To Watchlist

TSXV:DM - Post Discussion

Datametrex AI Ltd > HOW????????????

View:

Post by Kensin1954 on Aug 31, 2023 2:25pm

HOW????????????

.........Did they go from having $19.6 million in reserve to $3.5 mil??

I'm not very adept at navigating SEDAR so I can't see it.

Is there a simple explanation? I'm happy they have cash on hand but it seems incredible they could spend $16.0 mil in a year unless they have something to show for it.

JMHO

145

Comment

Comment by TheCashman on Aug 31, 2023 2:39pm

Maybe the executives have a lot of expensive hobbies. They can write them off as business expenses, and pocket millions of dollars.

Comment

Comment by StuGatz3579 on Aug 31, 2023 2:54pm

Some drones are quite expensive I hear. SG3579

Comment

Comment by frewil11 on Aug 31, 2023 3:10pm

The 3.5 million was 2 months ago , can't imagine what it is now.

Comment

Comment by rollthedice10 on Aug 31, 2023 4:30pm

Why has cash position dropped so much? Well let's see... Expanding all verticals Hiring more staff Aquisitions Marketing Legal R&D Product development Share buybacks Lot's of etc's too And all other expenses associated with a growing Company I look at it as the transition from little league to big league. So they have to get this right. It is DM's go big or go home ...more

116

Comment