RE:Only at DM ?korupsion wrote: Is this the only venture stock where the oportunity to add 20 million dollars to your coiffers is met with such negative responce??? I would be concerned if any one of the posts came from someone that was not a well know sh@t disturber / basher full of alias's. Take the news for what it is, A chance to add 20 + million to the revenue stream. IT is good
Funny thing is, DM does not do the testing. DM subcontracts that out to another Company ( Screenpro if I'm not mistaken )
So the Datametrex brand isn't front and centre out there in relation to Covid
which I am happy about. DM I think might buy the kits and materials from S Korea and then in turn sells to Screenpro at a healthy mark up it would appear.
So piles of cash quietly pouring into DM coffers. DM made a huge amount of money last time. One poster wondered where it all went. I would say straight into the Company to grow and expand verticals, marketing and overhead such as salaries to DMs expanding employee base. And let's not forget the share buybacks. And continuing R&D. So the Covid revenues have been good for DM.
Very good. Had it not been for those revenues, where would we have got that money? Hmmm? Covid revenues have helped build DM. And if there are more again, our cash position will improve substantially. So really, I don't understand the negative views. It is business as usual at DM, and any new Covid revenues would just be gravy. What is wrong with that???
Any other small company would be envious of DM for having this this extra revenue stream. DM is still concentrating on the AI, which it should be.
The extra cash ( millions and millions ) would be easy money in my opinion.