Post by
Resilience19 on Oct 19, 2022 8:20pm
MG 3 years at the helm of Datametrex
For those unaware, MG took on the reins of DM October 9th, 2019, so 3 years ago, during which time he's had to take the business from the brink of bankruptcy and through COVID-19.
A few days after taking up his role, he shared an Open Letter to Shareholders, which you can read at
https://www.google.com/url?q=https://stockhouse.com/news/press-releases/2019/10/22/datametrex-shares-open-letter-to-shareholders&sa=D&source=docs&ust=1666225672569428&usg=AOvVaw1db-JKAHy3tusA0D2ttKZT
Reading it in retrospect, provides a good sense of the focused management style MG has infused in DM, capitalizing on its technology, while developing a series of initiatives (ie. NexaSmart, SK land-and-expand, EV charging with Bitnine, eHealth, insurance etc). The following para, from the letter, captures the essence of MG's vision, at the time:
"Combined, the new toolsets and product offerings puts Nexalogy in a position to be a leader in the cyber security space, in both the public and private sectors. Nexalogy now has a very unique offering for securing individuals, events, force deployments, buildings, and geographic areas from eminent threats by keeping the pulse on social media platforms, actively searching for threats."
In short, although the share price may, currently, not meet our expectations, its not for lack of management trying. As such, I expect things will fall in place in good time, at which point we'll all become happy campers.
In the meantime, I think we can say kudos to MG and the team and hope for MG to stay at the helm another 3 years.
My two cents.
Resilience19
Comment by
Yeehaw1 on Oct 19, 2022 8:24pm
why another 3 year only ... why not rest of the time with DM?
Comment by
dirtydzn on Oct 19, 2022 8:41pm
I'm sure you probably said, "I expect things to fall into place in good time" 3 years ago as well. What's your definition of good time? Lol I'm looking forward to some happy camping in an electric RV in due time, using DMEVS app of course.
Comment by
IvanVanBeethoven on Oct 20, 2022 7:15am
Thanks Resilience, This is indeed a letter that captures Marshall's insight, foresight, intelligence, focus, drive and determination very well. And even in times of crisis, he turns a pandemic into a very profitable project and uses it as a solid foundation to expand the core of the company, which is AI.! Surely every company would want such a CEO at the helm. regards Ivan
Comment by
IvanVanBeethoven on Oct 20, 2022 7:23am
Link of letter: https://stockhouse.com/news/press-releases/2019/10/22/datametrex-shares-open-letter-to-shareholders
Comment by
Resilience19 on Oct 20, 2022 7:42am
Thanks Ivan for providing a working link to the letter.
Comment by
MUTDMUTD on Oct 20, 2022 8:15am
... that letter is what sold me on Marshall and I've been a proponent of his ever since...
Comment by
PendleStock on Oct 20, 2022 11:08am
This last week prove your argument. SP is where it is because of superiior market environment