Datametrex AI Ltd V.DM

MORE BUY BACK!!!!

[tankumo]

I want to buy more too!!!!!!  JMHO.  https://www.stockwatch.com/News/Item/Z-C!DM-3309245/C/DM
"Further to the TSX Venture Exchange bulletin dated June 3, 2022, the company has amended its normal course issuer bid to increase the number of shares that it may repurchase for cancellation, from the previously reported number of 17,808,301 shares to the new number, being 34,789,603 shares............."

[Bentley2000]

So what does all this mean and how does it help us UPLIST toTSX??

[Pandora]

I think it means if they buy back and cancel 35M shares they will end up with only 380M shares o/s.

[ibsn4512]

Why was there no NR on this. It's good news and material!

[Rabiger1289]

it's great news but .03-.04 is coming, this could be a tremendous opportunity for all of us, including the company, we are not going out of business and if we all buy up those shrs, including the company, this will explode when the market recovers

[mutjwo]

great news, DM management buying back more shares is what i wanted to hear! 

[mutjwo]

This also shows DM has a strong cash position. 

[Markhamjohn]

Like most everyone else I love the idea of the buyback. I see two important messages that come with that announcement. 1. DM does not anticipate that they will have a high cash burn rate with their new verticals and so don't need to preserve cash. 2. And/Or, they think the new verticals, as a whole, will be self sustaining from a cash flow point of view within the near future! If true, these

[EthanDTrader]

3. It means Covid revenue projections are great and will be a reliable source once again 4. There are other purchase orders the company is looking forward to that'll rain in significant cash

[scottrose]

If properly executed the new verticals will be solid cash flow for DM.

[Investor10X]

Not only that, each vertical is literally a company on its own.  Investors are basically getting three companies for the price of one... and currently at an extremely cheap price.  

[Resilience19]

Not to mention DM's Sept 16th NR which stated:. "Smart Factory AI technology, which is based on AI, big data, and server automation operating system technologies. The Company is preparing for the first initial release in the United States with room for expansion internationally. Additionally, the Company has received Purchase Orders ("P.O") for approximately $200,000 CAD from

[scottrose]

Does the $200,000 CAD and The $500,000 CAD P.O announced the other day make it $700,000CAD or is it part of the $500,000 CAD.......

[swyint123888]

I take it as 700,000....2.3 million year to date on new AI biz, hope to beat last years number, I think it's important to grow as DM is an AI company....the other verticals will chip in we just don't know how much yet or when it really gathers revenue steam, won't be this year for sure

[scottrose]

I am also thinking next year when the new verticals start showing results. If the two other companies they mentioned commit with contacts the AI division will deliver solid numbers.

[EthanDTrader]

I did add my holding last week. I'm honestly thrilled Datametrex has decided to reintroduce share repurchasing program. Really wonderful news on a personal level

[scottrose]

Don't think it will hit that low. If the new verticals deliver and the market recovers this will be good.