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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

Comment by Investor10Xon Aug 25, 2022 7:34pm
200 Views
Post# 34921301

RE:RE:RE:RE:RE:RE:What do you think about ...

RE:RE:RE:RE:RE:RE:What do you think about ...
rollthedice10 wrote: Not sure if another buyback will do any more than what our current buyback has.. Which seems to be,
well, very little. We are fortunate to have cash on hand, I think it would be better utilized continuing to build and market the company. JMO


However, at these prices it's not costing the company that much to cancel out 17 million shares.  If they did another 5% buyback they could cancel out an additional 20 million shares at a fairly cheap price.  

Again, it comes down to the cash on hand, the current revenue being generated, the amount of money needed to grow the expand the existing verticals to profitablilty, when the next AI contracts come through and any other possible acquisitions the company may be looking at.  

I know from the retail investor's point of view it doesn't look like the share buyback has done much, as we often relate everything back to share price and the share price is much lower now then when the buyback started.  However, you can't relate everything back to share price, because we know stocks can be overvalued and undervalued.  Reducing the share count is good for the company long term and therefore good for investors long term too.  And buying back at these lower prices is keeping more cash in the bank for the company.  Yeah, it sucks to see this stock at these current prices, but it won't remain here. This company looks to be heading in the right direction with all it's verticals, so at these prices it continues to be a great buying opportunity.   I think most of us agree that it was a great buying opportunity when it dipped below 20 cents, let alone where it is now.  
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