Datametrex AI Ltd V.DM

V.DM Defaults in Filing YE Financials

[samydude]

Now we await regulator MCTO, or CTO for failure to file. Wonder what positive spin this development will get? 

[Bentley2000]

What a mess....that's all I have to say.....who knows what is going to happen....It's just unbelievable!!!

[CdnHype]

No Bentley unfortunately it is not unbelievable at all. In fact it was quite expected by many. This is not a professional company in any way or form and hasn't been for sometime now. They had a little run and glory back with Covid. But they were punching way above their weight class and in reality no one ever knew how to run a company properly. Once they got in too deep and didn't create

[TheRazmot]

Nope! It's 120 days on the tSXV so they have ontil the end of July...

[Bentley2000]

So what your saying is that we are good until the end of July.....correct....they don't have to file until that point or they can file at anytime up to that point and still be viable???

[Bentley2000]

...so if what your saying is true....why the panic selling?????

[astutein]

I  personally  do not accept the fact that DM in its February 8  news release made a  mistake in stating to be filed in late june in accordance with Nat continuous disclosure  notice 51-102. If incorrect DM should issue an imediate news release stating its error . Barring a news release by company June 30 appears to be correct filing deadline.   DM SHOULD

[swyint123888]

Well the DM I know and love have made NOTHING BUT MISTAKES for years and years now....it's expected actually. Some folks bought 10 million collectively at 1 penny so far today....lol...selling makes sense as we are on the edge of bankruptcy but these buyers give new meaning to the word "gambling" lol Good luck proud new owners lol lol.

[samydude]

To clarify here is the infor from the TSX look at audited financials and MD&A requirements, 90 days after fin year end of the company: Annual financial statements and annual MD&A2 Within 90 days of financial year-end If a registered holder or beneficial owner requests annual financial statements they must be sent by the later of (a) 10 calendar days after the filing deadline or (b) 10

[swyint123888]

We're not tsx....do the same research for the venture, cse....you'll see 120 days.

[samydude]

Thanks for the clarification swint, read the clause 4.2 and 4.4, was looking at the wrong calendar for March 31st ye file dates. Also read the clauses on Change of Year End to see if there was a difference there that DM was refering to as to why the needed to file by late June in their Feb 8 change of year end release. Guess they looked at the wrong filing calendar as well.

[Bentley2000]

Ok...so just to be clear....they have until the end of July to file???? Trying to stay unconfused...it's a struggle :):):)

[samydude]

Bentley do not forget that you were screaming last week where are the financials, since you read all the companies news releases, and they said end of June, so do not try to be cute with your sarcasm, might I add that you have posted here asking what does this mean when reading financials and also that you need someone else to discipher them for you. so Now do YOU know when fins are to be released

[Bentley2000]

I'm being serious...is it the end of JULY.....yes or no...I've read so many posts now I'm not sure. I'm being serious!

[samydude]

Again, you were yelling the report times for TSXV on this thread in all caps earlier, so you must have done your own research to be able to dogmatically state I was wrong.... so you should know for sure :) After personally reading the clauses I know now where my mistake was, and I am thankful to those that pointed it out with backup information.

[Bentley2000]

WE ARE NOT TSX......WE ARE VENTURE........what's so difficult about that...please check your findings again.

[Bentley2000]

AS STATED: You must file an annual information form each year. Venture exchanges (the TSX-V and CSE) require annual audited statements within 120 days of each financial year and quarterly statements within 60 days of the end of the quarter.

[Kensin1953]

There is so much , poor, uniformed information about DataMetrix.  Is it any wonder why 98% of the shares are sitting watching? Only the desperate or tax savvy are selling off.  30 Days will tell the story. I'm not hopeful having watched them PI$$ away $20 mil. But I'm not hopeless either.    JMHO

[Jpots3289]

This post has been removed in accordance with Community Policy