Datametrex AI Ltd V.DM

Did MG dump yesterday?

[StuGatz3579]

Filing
Date    Transaction
Date    Insider Name    Ownership
Type    Securities    Nature of transaction    Volume or Value    Price
Oct 6/23    Oct 3/23    Gunter, Jerry Marshall    Direct Ownership    Common Shares    10 - Disposition in the public market    -6,000    $0.065
Oct 6/23    Oct 3/23    Gunter, Jerry Marshall    Direct Ownership    Common Shares    10 - Disposition in the public market    -200,000    $0.060
Oct 4/23    Oct 3/23    Haber, Paul    Direct Ownership    Common Shares    51 - Exercise of options    1,000,000    $0.080
Oct 4/23    Oct 3/23    Haber, Paul    Direct Ownership    Options    51 - Exercise of options    -1,000,000    $0.080
Oct 4/23    Sep 30/23    Park, Chan    Direct Ownership    Common Shares    51 - Exercise of options    500,000    $0.080
Oct 4/23    Sep 30/23    Park, Chan    Direct Ownership    Options    51 - Exercise of options    -500,000    $0.080
Oct 4/23    Sep 29/23    Gunter, Jerry Marshall    Direct Ownership    Common Shares    51 - Exercise of options    1,000,000    $0.080
Oct 4/23    Sep 29/23    Gunter, Jerry Marshall    Direct Ownership    Options    51 - Exercise of options    -1,000,000    $0.080
Oct 6/23    Sep 27/23    Gunter, Jerry Marshall    Direct Ownership    Common Shares    10 - Disposition in the public market    -200,000    $0.060
Oct 6/23    Sep 26/23    Gunter, Jerry Marshall    Direct Ownership    Common Shares    10 - Disposition in the public market    -200,000    $0.065

[Pandora]

Isn't that something to do with immediately having to pay tax on the one million options he exercised on October 4th? Don't know that much about this option stuff so just asking the question.

[ibsn4512]

Nope!

[dirtydzn]

So he sold 606 000 and bought a million. Still added almost 400k

[ibsn4512]

He sold more than he bought!

[Yeehaw1]

Looks like MG is shorting !!!! Lol!!!!

[dirtydzn]

Try simple math. He sold on the open market to likely help fundd the exercise of options which will end up in DMs bank account. He added nearly 400k shares to his position. 

[Aiking]

One is for sure, as he exercised some of his options, he brought money to DM bank account. As long as other insiders don't start selling their shares too, I don't care about Marshall reason to sell. P.S. I would rather like to see Marshall bought even more shares.

[RazeKreations]

OMG The sky is falling.    NOT   MG just bought way more than that in stock options at 8 cents putting money into the hands of the company and he sold a small portion of his own shares to help fund that purchase.  BIG DEAL   But some like to twist that fact to make it sound like the sky is falling.  The other option would have been to issue more stock and

[ibsn4512]

Hey RK, why is this method of dilution better? Why did he sell more than he exercised? )1.3 million sold versus 1 million bought) Why did it warrant an NR that suggested $700K added to the coffers? Can you point to the $700k in insider purchases? I can't see to find them on SEDI in all of 2023!

[Forge24]

Citron is that you??  Not sure where you are getting your numbers from but i have only seen approx 600,000 sold not 1.3 million. As for the rest try reading over the latest NR a few more times and maybe you'll understand eventually, 

[ibsn4512]

Not sure about Citron but here's my source:

[ibsn4512]

Filed 2023-10-06 15:57   Tx date 2023-10-03 $DM DataMetrex AI Limited (previously, Everfront Ventures Corp.) Gunter, Jerry Marshall 5 - Senior Officer of Issuer Direct Ownership Common Shares 10 - Acquisition or disposition in the public market $-390.00 -6,000 vol $0.065 each

[Forge24]

Interesting, the filings I saw previously did not include the September transactions, thanks for clarifying and sharing where you got your numbers from. Sorry to accuse you of being a Citron alias! 

[Pandora]

So if you assume his balance before exercizing 1M warrants was 6,107,000 and then subtract the shares he sold (1,300,000) giving him a balance of 4,807,000 and then add in the 1M making it 5,807,000 final balance ---  or 300,000 less than he started with.?? 6,107,000  - 694,000 - 200,000 - 200,000 - 200,000 - 6,000 + 1,000,000  = 5,807,000 Note, I believe the chart is amiss in how

[Aiking]

Exactly. It was a smart move. Also it was an even greater commitment to DM, as Marshall was willing to take a loss by selling more shares at a lower price then he bought. His movement shows me, Marshall puts DM first and him second. He brought money to DM bank account and took a loos on his own bank account. That kind of dedication, is what I want to see by a CEO.

[ibsn4512]

You're making no sense at all

[Aiking]

Why Jeff?

[baggerx99]

Really folks, you honestly think MG and company would announce a option issunace and less that 60 days later exercise them options, with NR's and expecting a negative connotation to the activity???

[Aiking]

Good point @baggerx99

[Aiking]

It's not Citron, it's the frustrated Jeff S.