Datametrex AI Ltd V.DM

Let's go dm

[Hellodarkness]

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

[PercySweetwater]

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).

[MUTDMUTD]

... 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

[PercySweetwater]

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]

... it's my hope that we'll be on the TSX within no later than 22 days and it'll then be applicable...

[dirtydzn]

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

[swyint123888]

I emailed the company to see if they will devulge how the buy back works, specifically how many share a day or month kind of thing