Post by
Aiking on Jun 24, 2022 4:38pm
TSXV makes stock manipulation easy
June 2020 Datametrex had something around 280M shares out. At a price of $0.13 it resulted in a MC of roughly $36M.
June 21,2021 Datametrex acquired Medi-Call for $12M, 60M shares at $0.20 per unit and 60M warrants valid until June 2023 for an exercise price of $0.26.
June 18, 2021 DM traded at $0.235 and DM had a MC of something about $70.5M (roughly 300M shares out). One week later after the acquistion DM traded on June 25, at $0.20 and roughly $72M (360M shares out).
Within six months the stock went down until we saw $15.5 (Januar 5, 2022) and a MC of something around $55.8M (360M shares out).
Six months later, on June 9, 2022 DM acquired EV Connect Solutions Inc. for $10M at $0.15 and 66.7M shares. Before DM acuired EV Connect Solutions DM traded at $0.14 and roughly 360 shares out, makes $50.4M MC.
Now DM trades at $0.115, and 422M shares out at a MC of $48.5M.
To me this looks like a pattern and advanced shares based aqusitions managment. Some seems to know how to manipulate the share price as all of us know DM is extremely undervalued and trades just at a $15M higher MC today, but at least 120M more shares out and much more important HUGE, HUGE shareholder value improvement (clean blancesheet, $40M government contract, $20M cash, Telehealth vertical, EV vertical, Ai contracts with LOTTE, ...).
I'm really curious, what happens if DM gets uplisted. Because as far as I know, and this is by far not my expertise, but on TSX this way of dillution based stock price managment is not possible anymore.
Just some thoughts, as I would like to see the uplisting before end of next week.
Have a great dAi.
Comment by
Freedom10x on Jun 24, 2022 4:57pm
Datametrex management makes stock manipulation easy. Now you too can shut the hell up with your JUST WAIT, just wait, just wait... Serious long term ADULT shareholder are done waiting, we're don't being nice, it's time for this management to put up or shut up, or move on!!!
Comment by
Aiking on Jun 24, 2022 5:01pm
You're funny @Freedom10X, may Glooscap be with you.
Comment by
Freedom10x on Jun 24, 2022 5:06pm
There is nothing funny about this #Aching. Serious investors are legitimately considered about their long term investment. And it's not looking good with Marshall and his North Korean defector con artists running the show...imo...hahaha I said imo.
Comment by
Yeehaw1 on Jun 24, 2022 5:55pm
ADULT shareholder are done waiting???? Lol