DiMi Telematics Climbs Higher as Insider Trading Fraud Rumor Spreads (DIMI)

The rebound of DiMi Telematics (OTC: DIMI) continues as the stock rallied 9.1% in today’s over-the-counter market, to a share price of $1.92. Volume of the stock spiked to 1.28 million shares, bypassing its average of 275,419 for the day.

DiMi Telematics has climbed higher each day since it hit its year-to-date low of $0.835 on June 14, 2012. The stock was steadily declining until that point. With today’s rally, the stock now has an overall loss of 4% in share price since New Year’s Day.

There are three results found on stockpromoters.com regarding the stock promotion of DiMi Telematics, while none of them are listed as being compensated.

There is a piece of information regarding DiMi Telematics that has caught investors’ attention. According to @timothysykes on Twitter, there might be insider trading fraud going on with DiMi.

Here are some other recent headlines regarding DiMi Telematics:

  • June 28, 2012: DiMi Telematics announced that it has acquired Green Genie, which was rated by numerous leading web sites and publications as one of the very best green mobile apps available for download.
  • June 26, 2012: DiMi Telematics announced that the company has commenced a national televised and online media campaign, titled “Smart Just Got Smarter,” to promote awareness of the DiMi brand and educate consumers across the country on the diverse and transformative capabilities of M2M communications technologies.
  • June 15, 2012: DiMi Telematics was featured in an issue of Flaherty Special Situation Newsletter.
  • June 14, 2012: DiMi Telematics announced that it has retired 100 million shares of common stock, resulting in a 23% reduction in the number of common shares issued and outstanding.

DiMi Telematics, formerly First Quantum Ventures, incorporated on April 13, 2006, is a development-stage company.

As of June 30, 2010, the company had no revenues and no subsidiaries. As mentioned above, the company acquired Green Genie in June, 2012.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.