Current share priceAs for the current share price, I don't believe we will seen much upward movement on this stock until after the share buyback is complete or near its completion. The company is focused on the growth and expansion of their verticals while the market is in a slump and the share buyback allows them to take advantage of the low share price in a poor market and cancel out shares for almost nothing. While many companies are struggling, DM is not. It's a win-win for the company and in the long-term a major win for the shareholders... or at least for the patient ones.
If the price dips down, it continues to be a win for the company as they can buy back and cancel out more shares for even less money which is also a benefit to me and the other shareholders further down the road. It keeps more money in the bank for the company while reducing the outstanding shares. If the share price should happen to climb a little it doesn't really help the company in their share buyback and with bank account and it really doesn't help most of the long-term investors either as most are not going to sell at these low prices anyways.
So I can wait for now and I have no issues if it were to dip lower. I'm not concerned with where the stock price is now, I'm looking forward to seeing where it will be going and where it will end up later. Although a lower share price is upsetting to many current shareholders it is a benefit to the company at the moment. I'll say it again, it's short-term pain for long-term gain.
I'm confident in the management and in the products that they have currently brought to the market and will be bringing to the market in the very near future. The partnerships the company has within the North American market and abroad are fantastic for a small cap company and DM looks to be in all the right verticals to possibly turn this company into a future blue chip stock. If DM got to a point of having a predictable and consistent revenue stream then I'm sure shareholders would see a dividend paid out.