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Datametrex AI Ltd V.DM

Alternate Symbol(s):  DTMXF

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 social media, news, blogs, forums, messengers, enterprise data, and the dark Web, creating predictive analytics. Cyber Security is a deep analytics platform that captures, structures, and visualizes vast amounts of unstructured social media data, which is used as a discovery tool that allows organizations to make decisions. It offers Nexa Products, which consists of NexaSecurity and NexaSMART. Healthcare consists of Imagine Health Centres, a multidisciplinary healthcare facility, and Medi-Call, a telehealth platform. The Company also offers a mobile blockchain game, Cereal Crunch.


TSXV:DM - Post by User

Bullboard Posts
Post by CryptoKidon Mar 13, 2018 10:45am
138 Views
Post# 27706305

Update from Jeff on 8020

Update from Jeff on 8020Update from jeff on 8020:Jeff Stevens posted an updated in the group Datametrex AI Limited. A quick follow up on my post from last night. I've seen some more misinformation posted on other sites so I will try to clear things up. We completed a financing of $5.75M to acquire Nexalogy back in November of 2017. It was a big raise for a newly listed company and was a great sign of support from the market as it was oversubscribed. The financing was priced at $0.10 a unit with a full warrant at $0.15 for 24 months. We had an acceleration clause included in the warrants, despite being in a position to accelerate the warrants management opted not to as we did not require the funds and we want to provide our shareholders with the opportunity to hold them. I read some posts suggesting we will have 120M shares hitting the market when the 4 month hold comes off, this is false. Only the 57M shares from the financing will be free trading, the warrants will only hit the market if and when holders exercise them. We are now four months in on the acquisition and we are even more confident that we made the correct decision to acquire Nexalogy. The quality of the company (management & employees), its products, its customers and growth potential make the dilution worth it. Sometimes dilution makes the company and in this case we believe that statement to be true. We strongly believe AI and machine learning technologies are still early in the life cycle. Nexalogy provides its clients with insights and automation to tasks that traditionally took humans hours/days to complete with solutions that complete the tasks in seconds. We have a top team of developers and engineers building really cool solutions and we are very excited for the future of Nexalogy as they continue their growth with the Canadian Federal Government and corporations globally. I would also like to remind shareholders that the record date for the dividend of Graph Blockchain spin out shares has yet to be announced. On January 4, 2018 we issued a press release with our plans to spin out our JV company Graph Blockchain as a stand alone publicly traded company. The proposed plan is to provide shareholders of DM with a share dividend in Graph Blockchain, holders of DM on the record date will receive 1 new share in Graph Blockchain for every 20 shares of DM they hold. Management chose to take Graph Blockchain public via an Non-Offering Prospectus (NOP) to reward shareholders of DM with a dividend share of Graph rather than just doing a straight RTO. We felt this rewarded our shareholders and provided them with direct exposure to this exciting company's growth potential along with exposure through DM's position in Graph. We are working with our 3rd party providers to complete the NOP for submission to the OSC and hope to have a record date that we can share with shareholders soon. I hope this helps clear up some confusion in the market. As always, thank you for your support.
Bullboard Posts