Datametrex AI Ltd V.DM

Alternate Symbol(s): DTMXF

Technology Information Technology Services

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

Datametrex AI Ltd > Let's go dm

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Comment by dirtydznon Jun 08, 2022 11:14am

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Post# 34740268

RE:RE:RE:RE:Let's go dm

I think you're right. I wonder if we need reapproval from the TSX to continue NCIB when we uplist.

PercySweetwater wrote: According to the information in this link: https://www.dlapiper.com/en/canada/insights/publications/2020/12/key-considerations-when-considering-a-normal-course-issuer-bid/
it doesn't look like the 25% limit applies to the tsxv (only to the tsx).

MUTDMUTD wrote: ... assume 30 days is calendar days... Approx 22 business days of buying in that... which is 7M / 22 = 318k shares per business day max... But I think it's restricted to no more than 25% of daily max.. so 318k x 4 = 1.3M daily volume needed.... If less than that it will take longer... If volume greater than then the 30 day restriction will kick in.... So no sooner than 75 days based on Percy but could take longer... As I understand anyhow... All IMO. DYODD.

PercySweetwater wrote: It looks like it will take at least 75 days for dm to buyback 17.8m shares, based on the buyback limitations for tsxv: https://www.dlapiper.com/en/canada/insights/publications/2020/12/key-considerations-when-considering-a-normal-course-issuer-bid/

Seems to be a max buyback limit of 2% of outstanding share float in any 30 day period (so max of 7m shares every 30 days).

Hellodarkness wrote: Well the share buy back starts today hopefully they keep accumulating until they reach their 17 million shares