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Micro-Cap on the Move; DiMi Telematics International Inc. (DIMI)

By Warren Paige

Shares of DiMi Telematics International Inc. (PINK: DIMI), a designer, developer and distributor of M2M communications solutions, are rebounding in trading today after falling sharply last week.

At last check, DIMI shares were up 10.45% to $0.0370 on above average volume of 4.66 million. Despite today’s gains, DIMI shares have fallen nearly 97% in the last three trading sessions.

DIMI last week made its 10-Q filing, which showed that the company had cash and cash equivalents of $888,139 and a net working capital of $873,366 at the end of May 31, 2012.

DIMI said in the filing that it has not generated positive cash flows from operating activities yet.

In the filing, DiMi Telematics also said that it plans to concentrate its commercialization efforts on marketing its M2M solution to property management companies, commercial property developers, government/military installations, industrial facilities, retail and restaurant chains, colleges and universities, among others.

 

July 23rd, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.