Datametrex AI Ltd V.DM

AI News tomorrow (my take)

[Resilience19]

Given that july 2nd, 2020 DM issued a NR highlighting a renewal of the 2019's SeeS Solution contract, highlighting that DM had:

"...entered into a $2.6M SeeS per annum contract utilizing Datametrex’s technologies as an automated operating solution for its large corporate customers like Samsung Electronics and Samsung SDI as well as several banks and insurance companies (https://stockhouse.com/news/press-releases/2020/07/02/datametrex-announces-2-6m-sales-agreement)...."

I expect that tomorrow, July 6th 2021, DM will issue a NR indicating that it has seen a further extension of that contract.  If so, I'd expect it to be at least the same amount as last year's ($2.6M) but, likely, higher (if not significantly higher).

My take is tha tthis wasn't issued last week because July 2nd was a Friday and that (positive) NRs tend to come out mostly between Tuesdays and Thursdays, making tomorrow (alternatively this Wed or Thurs) the most favourable day to release such news.

My take but we should know soon enough.

[TorlifTostorson]

This makes absolutely sense to me. Good gues @Resilience! And because we know DM delivers great AI products and is capable to satisfy clients like LOTTE, it is very likely this contracts gets expanded. And if so, it's again a great proof of DM as the most undervalued AI smallcap AI Stock at TSXV. Great times ahead. JMHO Torlif    

[Resilience19]

Based on today's Discord, Marshall alluded to the fact such "sales cnotracts are automatically renewed, that he doesn't know the status of the SeeS contract specifically but that it most likely is extended." As such, it looks like the contract has, likely, been extended but that we are unlikely to see a NR specifically highlighting this.

[TorlifTostorson]

But if it is extended, what is very likely based on what was announced by that NR past year and what Marshall said today (automatically renewed), it would be an huge missed PR chance to not make such an eventually occurring renewal public. JMHO Torlif

[Mario79]

@Toril--I agree with you Torlif. If the contract is renewed for the same amount or higher, it would need to be press released as it would be material for the upcoming year revenues iMO. If not, it would be a colossal PR failure on DM's part not too. Investors saw that in Q! there was low AI revenue and they want to know this information on a go forward basis if AI revenues increasing or not.

[TorlifTostorson]

Good point @Mario, as this news would be material as it would affect the upcoming year revenue! But we'll see, maybe we'll get a surprise as CEO Marshall can't release any material info on discord. JMHO Torlif    

[Maxdude]

Right now the market seemed to not anticipating any significant news release....there would have to be a material news release with consistant follow up for DM to move up to a $200M - $500M market cap....many here thinks DM is undervalued but the market is saying otherwise...there are quite a few overhang that would impact the share price.....60M free trading shares in a few months, closure of

[MoneyMKR72]

Well good luck to you Maxdude on your future investments. See ya  . Oh and good luck listening to the manipulation. Oh I mean "market". lol

[MoneyMKR72]

This co-bid is just one catalyst of many that I look forward to. https://youtu.be/IgT_DJ0yYlk  oh ya. Also record revenues for Q2 and Q3 ( and who knows how long) . Oh and a couple large contracts locked in right now waiting to be announced ( cyber security). Medicall , crypto, etc etc etc. 

[Maxdude]

Sorry to disappoint you...lol. I am still invested in DM...6 figures....I am just more realistic what to expect. Yes, management is saying positive stuff...but the market is not buying what they are selling....well, not as yet. Yes, there are manipulation in the market....but I don't think that's happening to DM....the big selling by a management member previously, significant dilution

[CandyC]

Tough for institutional investors to buy in with Ryu still on the board

[JWING17]

60 m free trading .......another kick in the balls.

[swyint123888]

wow the CEO doesn't know but he sure as heck can find out, incredible.......most likely hey, I say it didn't get extended and that's why no news.....if this CEO doesn't realize his retail investors are starving for news.....any news he would get off his butt and at least find out if it has been extended and put out a NR or let me guess this is now NDA as well, laughable P.S what

[TorlifTostorson]

I don't agree, as in my understanding the duty of a CEO is to run a company and don't look every day to the share price. Also it's not the duty to know every contract in detail. Details are always the tasks of the employees. Let the CEO do his work, as the market will do its work. JMHO Torlif But yes, news about an extended Korean SaaS contract would be greatly appreciated, as it

[swyint123888]

how about every quarter or half year.....we are down bud so he is in fact is not increasing shareholder value (which is his duty, look it up) and now it appears "most likely" is our new news release.....it's terrible period and he needs to be called out on it

[TorlifTostorson]

I think CEO Marshall has $13 million proofs of his successful work for shareholder value. Also a sp increase of round about more than 1000% since he took over is also a great proof of his successful work for us shareholders. And just because we're at a crazy low SP right now, doesn't change anything to it. For sure I would like to see higher SP now! You know I'm one of those who

[swyint123888]

Those big numbers may be of solice to you but what about those that bought in the last 6 months or so, you think they give a care about your numbers. Besides I was talking about his duty today which is to increase the share value (don't care about 1-2 years ago, (keep it real please) and not releasing what could be material news won't move the value that's for sure No I say the deal

[TorlifTostorson]

To keep it short, yes everyone who is invested in DM should care about at least $13 million cash. And as long as there is no news about the Samsung contract, it's not relevant for the market as there is no official information. Without news about it we would need to wait for Q3 numbers announced in November/December. And as I said, and also @Mario mentioned, I would like to see news about it

[maryhill]

This post has been removed in accordance with Community Policy

[swyint123888]

We won't get news that it has been cancelled, Marshall's word is "most likely"  The deal; has not been extended is the most obvious and accurate explanation. Most investors need more thean a "most likely" to make sound investing decisions, glad it works for you......does he not owe us some AI news to keep his word about "lots of AI news".....would this

[TorlifTostorson]

Ohhh @swyint ... Great luck to you Torlif  

[swyint123888]

Yes we are going to need a little luck for sure as losing year long AI contracts is not the direction we want to head in. Our CEO is young and he will learn all about credibility as time goes...."most likely" and "lots of" are only words when not backed up....that is the credibility part that he will get one day.....great luck to you on your very long term position you have

[wildbird1]

In Q1,2020 Datametrex had $26,948 in the Bank. Today Datametrex has over $13 million in the Bank, an increase of over 50,000% in just over one year. If this increase in cash in the Bank keep increasing( it will), in due time it will be something that will catch the attention of big institutions(time will tell). +50,000% increase in cash in the Bank in just over one year, not bad for a CEO

[shaker13]

Less then 1 HR to go, like your thinking Resiliant One Couple big takeaways I got from the “Monday’s with Marshall” session today was 2 part: DM is Still a Preferred Contractor to Air Canada and the potential for DM to play a much larger & more comprehensive role in the “Great Reopening of International Cross-Border Travel” is not only real with Air Canada, but DM appears to think they

[tankumo]

I really wish discord meetings are posted on youtube. I am guessing 2021 earnings to be 10 cents a share, PE of 10 is dollarland. Or else if we have super growth in AI then PE is no longer relevant.

[TorlifTostorson]

Great summary of how we could see CEO Marshall discord infos. Thank you @shaker! Best Torlif

[WalkingDead01]

Thank you Shaker, and I love this sentence: The Hardest Climbs Yield The Greatest Views.