RE:RE:Bitter Sweet Yes, I believe he said in the pre-holiday Discord that they've been working with the gov on a phase to phase basis for the past year and a half, and expect the new program phase (if won, which it was yesterday) to last about 2 years. This is a win we can celebrate. Remember, in the October press release about the progress of the contract, they stated that they moved to the final round for the contract proposal, so here we are. It's final.
Datametrex and the other winning bidder will now begin work on the first phase of the program. Upon successful completion, they'll be paid the amount allotted for it, and move onto the next phase. This is standard practice, and the next phase isn't something we need to worry about any time soon. Besides, when asked on Discord if Marshall was certain they could handle such a big program/contract, his reply (to paraphrase) was that he was 1,000 percent sure they have everything it takes to complete it, as required.
“Datametrex AI Ltd., along with its consortium partner, won the bid on a multiphase R&D (research and development) program contract on Jan. 12, 2022.
This contract is a multiphase Canadian artificial intelligence (AI) bid that was previously announced on Oct. 25, 2021, with the potential fully realized contract worth approximately $40-million. Upon the successful completion of this phase, the company will move to the next phase of work.”
I'd be doing a livier happy dance this morning, if not for Marshall continually mentioning talks of a reverse split. I do not like them, and have rarely seen a penny stock RS go well in my 30 years of investing. The better option for shareholder value would have been a share buyback (leaving our holdings untouched), especially with the test-kit winfall they have with which to pay for it. He always mentions a BB in the same breath, but if they were serious about going that route, it would have made more sense to do it while the stock price was low, in the teens.
The share price may grow organically from here, with this contract win and the snowball effect from it, but the number of shares outstanding, at about 350M, seems somewhat an issue. Not a huge amount, but a more ideal number would be at least 2 or 3 times lower, I think. But I'm no expert. Fingers crossed that they’re in no hurry to do this. I'm not sure if I believe my eyes, but Palantir's outstanding shares show as 2 billion. Must be a mistake lol