RE:ConfusedThis is a shared contract between DM and another company. The 40M was always expected to be dished out differently to each company, based on various factors like the scope of work each of them provides and value of that work.
I believe Marshall said that they will be paid for each phase, as they win and complete it. I may be wrong, but I think the 2.3 million dollars announced today is payment for the first phase, although the NR says, "Nexalogy has been awarded the contract for approximately $2.3 million CAD." If this amount is DM's full portion of the contract, it seems that bit of the release have been followed up with something like, "...to be paid in full, if they're selected to proceed through each phase of the project." I wouldn't think they can be awarded (or announce) any amount for future phases, unless they're selected to complete them. And as the headline says, "Nexalogy Selected to Proceed to the Next Phase of Canada's Department Of National Defence Innovation For Defence Excellence And Security Project." Sorry if I complicated the matter, but it's not a black and white situation, and I'm no financial expert.
Regardless of Datametrex's portion of this shared contract, the caliber of the client, Canada's Department of National Defence (Innovation for Defence Excellent and Security), is confirmation that DM is a trusted company with a powerful AI product. Really let that sink in: If their AI product is trusted by our country's Department of National Defence, it must be an extraordinarily secure, high-grade product.
In the last Discord meeting, Marshal touched on how winning such a major contract is having a positive impact on business. They're being taken more seriously than ever since winning this DND contract and, from what they're seeing, expect it will help them secure new clients and more contracts.
Yes, the details around this "40M" contract have been confusing for many of us, from the first day it was announced. Perhaps this mass confusion combined with general manipulation is why we're seeing the stock price remain basically flat again, today. However, with our tier-one upgrade on the Venture Exchange, some institutional investors now can get more involved, which should turn the stock price around soon. If we're approved for the TSX uplisting, the sky is the limit. To reiterate the words Marshal used to end the last Discord, "keep your ears open."
Best to all.