Ai-Media Technologies Limited

ASX:AIM

Ai-Media Technologies Limited

ASX:AIM
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$0.705 (-3.4%)
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#10
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40
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Reports (2) My Report Forum Investors
Forum Topics AIM AIM CEO Stock Purchase

Pinned straw:
mushroompanda
Added 5 months ago

CEO purchased $1.5m worth of stock on market at $0.31 taking his holdings to 16.9%. https://announcements.asx.com.au/asxpdf/20240618/pdf/064nxhfbzh5rd9.pdf

Previous to this, around 1.5 years ago, he purchased $1m worth. https://announcements.asx.com.au/asxpdf/20221129/pdf/45j5m9b1sh00x3.pdf

The size of the purchase is not what you typically see in ASX microcaps.
ballermania
Added 5 months ago

Been researching the company the last couple weeks and am likely to buy some in the next couple of days (sigh)

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Arizona
Added 5 months ago

@ballermania Ha! You made me laugh...Nice chart

9
edgescape
Added 5 months ago

@ballermania Can't be in everything.

I only hold the ones I'm comfortable with now. Seems like there's a story here though and the purchase is significant but I haven't had time to look and understand the competitive landscape or opportunities.

10
Strawman
Added 5 months ago

That's huge @mushroompanda -- and it's hard to argue he wasn't well and truly aligned before this latest purchase.

Tony has agreed to come back for another interview (just finalising dates), and it'll be good to ask him about this. It's a seemingly bold move given the considerable resources being thrown at AI at the moment, and how rapidly it's all advancing, so clearly he thinks they have some kind of edge here.

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UlladullaDave
Added 5 months ago

I think the bit the market doesn't appreciate with AIM is the "poles and wires" nature of a lot of what they do. Lexi is a bit like the proof of concept for automated captioning but this sort of enterprise/broadcast grade captioning is an intersection of various bits of tech and AIM, through that EEG purchase has put itself at the centre of it. So the market gets multiples larger and iCap becomes the infrastructure making it happen.

I assume the recent sell-off was because of the new iPhone that will have transcription built in. That is a world away from the products AIM offers, but demonstrates the markets lack of understanding, imo.

It's a solid purchase by Tony. As @mushroompanda said, you don't see that too often from the c-suite of a $70m company!

Ironically, the AI in AI-Media stands for Access Innovation, nothing at all to do with the current market fetish.

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