Bullboard - Stock Discussion Forum Datametrex AI Ltd V.DM

Alternate Symbol(s): DTMXF

Technology Information Technology Services

Datametrex AI Limited is a technology-focused company with exposure to artificial intelligence, healthcare, and mobile gaming. It is focused on collecting, analyzing and presenting structured and unstructured data using machine learning and artificial intelligence. The Company's products include AnalyticsGPT, Cyber Security, and Healthcare. AnalyticsGPT platform scans vast data streams from... see more

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TSXV:DM - Post Discussion

Datametrex AI Ltd > Glad to see insiders excercise options at higher than market

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Post by Mario79 on Oct 04, 2023 10:40pm

Glad to see insiders excercise options at higher than market

It looks like 3 directors have excercised 2.5 million shares at 8 cents. It's a good boost of confidence in that they think the price will be alot higher. See the reports filed today:

DataMetrex AI Limited (previously, Everfront Ventures Corp.) $DM just filed 6 reports. View full report: SEDI:DM #insiders/jerry-marshall-gunter

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Comment by RazeKreations on Oct 05, 2023 1:34am

looks like they sold Marshal has 1.9 million less shares now. Park has 500,000 less, Paul Haber 300,000 less. Unless i am reading it wrong, but i don't think so. check the time stamps

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Comment by Mario79 on Oct 05, 2023 3:08am

The total shares traded on all exchanges on Oct 4/2023 was 595,000 shares so it can't be that they sold them. I think it is the remaining balance of the options they have when they excercise them that reduces the balance of the options. Excercising the options means that that the share balance increased. That's how i read it JMHO please do your due diligence.

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Comment by Aiking on Oct 05, 2023 3:34am

I see it the same way like you Mario79. And don't forget to mention beside the signal of a significant sp increase ahead, exercising 2.5M options at $0.08 brought $200,000 cash to the DM bank account.

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Comment by GHZTECHY on Oct 05, 2023 7:49am

It also sounds like they are in need of cash. $200,000 is correct. For a director to buy options below the strike price is indicating this was to put some cash in the bank. Lets hope this is just what they need for the short term and lets hope we see some sales soon. if sales are slower than expected, I hope MG tries to make partnerships with larger software companies that sell software solutions ...more

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Comment by MUTDMUTD on Oct 05, 2023 5:51am

...Raze... they definitely bought... see "options" has to go down and shares go up by same... Use this link : https://ceo.ca/insiders/jerry-marshall-gunter?

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Comment by RazeKreations on Oct 05, 2023 11:59am

I did not understand what the share balance meant. I am guessing that is the balance of warrants remaining for each individual. So when they buy warrants the money goes to the company. Is that always the case?

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