Datametrex AI Ltd V.DM

What do you think about ...

[Aiking]

... DM managment would start a second buy back program?

[MUTDMUTD]

... NO ...

[Investor10X]

It doesn't hurt to apply for another 5% NCIB once they uplist.  If the share price should happen to remain low then it's cheap to buy back the shares.  If the price increases, then they don't have to complete the full buy back over the 12 months given to them.  They can let it expire.  It all depends on what the cash position looks like and what revenue is being

[Aiking]

Thank you @Investor10X for your thoughts about an other buyback. I think it would be good to announce an other NCIB to support the share price until we start an upwards trend. I mean below our $0.10 support are there is close to none support. If the next overall stock market crash occurs, could be anytime, this could crash DM stock too. And having another NCIB around would be a grea safety to

[Investor10X]

I guess the question is, would the company use it to prevent any further downward pressure in the stock if the market were to tumble some more or use that opportunity to buy back shares at an extremely cheap price.  I know the lower prices are painful for shareholders, but it is better for the company to buy back those shares at the cheapest price.  Short term pain for long term gain

[rollthedice10]

Not sure if another buyback will do any more than what our current buyback has.. Which seems to be, well, very little. We are fortunate to have cash on hand, I think it would be better utilized continuing to build and market the company. JMO

[Investor10X]

However, at these prices it's not costing the company that much to cancel out 17 million shares.  If they did another 5% buyback they could cancel out an additional 20 million shares at a fairly cheap price.   Again, it comes down to the cash on hand, the current revenue being generated, the amount of money needed to grow the expand the existing verticals to profitablilty, when the

[dirtydzn]

Here you go again... what makes you think they can have another NCIB? 1 every 12 months. We're what 4 or 5 months into the first one and you're going on about a 2nd? You're such a clown. They should just buy it all back and go private if it's such a steal at these prices.

[Aiking]

@rollthedice: Thank you. That's also a good point. Having cash on hand to build and market the company, is better, than buying more shares back. Also the support we have at $0.10 is strong and I assume we'll get some good news on the Ai government contract side in November. But before it, we'll get very likely news about the long awaited uplisting. And if we see some analyst reports

[Aiking]

"Short term pain for long term gain" Yes, that's a good point, buying shares back at the lowest price. Also I agree with you, that most investros are extremely optimistic about Datametrex future. Me too. I'm also very optimistic. And seeing the company at $0.10 makes me hope, those serious investors expanding their holdings. I would like to buy more, a lot more, but I'm out

[Aiking]

@MUTDMUTD Why you don't want another NCIB?

[MUTDMUTD]

... will do when I have time...