DM.V - Breakout on positive news; Big investor taking position
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DM .V is in breakout mode and could see serious appreciation from current levels. Steady orders of COVID-19 test kits are coming in, main AI business doing well, "sophisticated" investor taking big position last week to clear remaining warrants. Keep an eye on this one!
TORONTO, July 26, 2020 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G, OTC: DTMXF) announced today that Andrew Ryu, Chairman of the Company, has facilitated a block trade of 9.3M Common Shares (the “Shares”) to a high net worth sophisticated investor who after doing due diligence on the Company wanted to acquire a significant position.
Mr. Ryu recently exercised 7.5M options and warrants in order to facilitate the trade and not dilute his share position.
“The timing for this trade to happen was perfect, I was sitting on millions of options and warrants, many of which were soon to expire. By entering into this trade, I was able to capitalize Datametrex by exercising my warrants and options and position sophisticated high net worth investor with a significant position” says Andrew Ryu, Chairman of the Company. “Aside from keeping some funds aside for tax purposes, I was able to maintain my position and strengthen the balance sheet and shareholder base”