Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm a wee bit confused?! If Fuel Positive just signed an exclusive deal with Ontario University's NH3 development then, why did Hydrofuel just announce a similar exclusive deal with the same parties?
Hydrofuel and Ontario Tech University sign letter of intent to commercialize ammonia energy technologies
| Newswire, March 31, 2021
https://www.newswire.ca/news-releases/hydrofuel-and-ontario-tech-university-sign-letter-of-intent-to-commercialize-ammonia-energy-technologies-891543032.html
MISSISSAUGA, ON,March 31, 2021 /CNW/ - Hydrofuel Canada Inc. ("Hydrofuel") and Ontario Tech University have signed a letter of intent. This letter outlines an exclusive option to sponsor research projects and negotiate commercial rights to a specialized portfolio of ammonia-related technologies at Ontario Tech University. Hydrofuel has raised $500,000 in capital investments to support this initiative.
In addition to the $500,000 investment to support this initiative, Hydrofuel announced today [March 31, 2021] that it has closed a non-brokered private placement Offering for $1.3 Million.
Hydrofuel CEO, Greg Vezina noted, "Under the terms of the January 27, 2021 letter of intent outlining an exclusive option to sponsor ammonia related research projects at Ontario Tech University, Hydrofuel's investment of a minimum $500,000 (with or without matching government funding) will be used to begin negotiations with Ontario Tech University regarding the terms of an exclusive commercial license agreement."
Hydrofuel is committed to raising all the funds needed to commercialize several ammonia technologies along with any additional technologies developed as a result of working with Ontario Tech University.
New to observing this company so I would appreciate any insite...Thanks!
Mr. Grabber is grabbing the shares. What does he know that we are missing?
Bite yer tongue Phil...I'm Canadian eh!
My take Phil is they are treating this like a private company and have for quite some time now. They fail to realize that retail investors have put some of their life's blood into this company and have jerked around investors rather than honoring/respecting our painfully long support. This is only my take and because of lack of news, we are left to read between the lines and create our own summations.
Cheers and yes the whole stock market seems to have taken the coolaid "crazy"
Is the increase in buying coming from insiders?
To me, it feels like they are operating like a private company i.e paying good livable wages to staff and maintaining enough revenue to cover this but not concerned about the gravy that goes to investors.
Just my feelings however, the apparent lack of communication and news points me in this direction.
A five to one consolidation was excessive and has watered down considerably the value to long term investors.
Thanks Phil, nice to hear from you.
Vas es das???
No Brookie, that's the retail side i.e. the side Destiny should have gotten into in the first place since they essentially had the jump on all the biggies of that sector back in the day. They really pioneered streaming and opted for a niche that pays a fraction of what they could have made should they have opted to go the retail market. I still don't understand with all their patents why they didn't license their tech to the big players before they had developed their own software and patents? Many missed boats although, how could they catch those boats when they always seemed to be at the airport i.e. CEO at the time had head int clouds and couldn't focus 8?p
With the reduced shares, I'd be happy with a 50m buyout.
Good article. Transition time over! Pedal to the metal...
https://www.bbc.com/news/business-51353148
Ok, thanks. I expected to get my recent post bumped. No more politics or slights on other members, It's all Destiny 2.0 from here on in.
My point is...People like you, sadly are still as prevalent as Trump supporters.
No, not really my point: My point is that a CEO of top one percent of companies steps down because he realizes the transgression of his actions which I thought was honorable and correct, and then I thought about Destiny's first CEO and similarities.
Steve V. was dating someone in Destiny office's and had no sense of the lines this crossed. Water under the bridge but this and other lapses in moral compass put shareholders on a bumpy dirt road instead of the on ramp to the autobahn.
https://www.bbc.com/news/business-50283720
Nice find rollup. Yes, very specific and paints a picture of a moving forward and driven to succeed co.
I hope they go easy on those stock options and don't just have a Halloween candy bowl of options at the front desk. I know it is a main way to attract talent however, with dilution I'm always going to multiply those options by five (reverse split/ consolidation).
No, just fatigued by the never ending stall.
If Destiny can do a buyback then why aren't they bidding at a fair market price if they think the value is greater than pre consolidation of .18
A kick in the "you know whats" to investors that need to get out.
I fully concur Phil. If as spoke by management that this company is undervalued then why during this supposed buyback don't they bid at the price they state is a true value. What is happening by them stealthfully going as low as possible (although I know it is of more benefit to investors in the long run) is, paying a rock bottom price and hoisting the middle finger to those supporters of the company who need to liquidate.
Start moving the bid up...not to manipulate but to show faith and proof that the company is undervalued.
If the company can buy back shares and mgmt has stated that the current share price is undervalued then why aren't they upping the bid just a little? I know they still want to get a good price and bang for their buck but aren't they cannibalizing supporters of Destiny by offering these reduced bids.
Thanks for the heads up!
If I'm reading this correctly then the consolidated shares begins trading tomorrow however, the company buyback doesn't commence until Monday the 16th?
I agree 100%
I think you need a higher share price than just over $1 to gen onto Nasdaq.
That being said, as investors we should be diligent after the reverse split happens to make sure that the number of shares doesn't start rapidly creeping up if not through financing then, through options to insiders etc.
It's still our hard earned money invested and it would be nice to have an explanation/reason for the timing of this rs. I'm not saying that I'm against it as...something had to be done to unfreeze the stagnant share price.
Maybe, but if they're buying a public company then it's nice to have a low share count so the new owners if they choose can do a financing? No idea really, because I've personally never had the experience...lol
Another thought I just had about the consolidation is that they could be positioning the company i.e. plaympe for sale or, making it attractive to sell. 11 million shares outstanding is much more attractive than the bloated 55 million...
There are many companies sitting on major stock piles of cash looking for those small companies with potential and I think plaympe fits in that category with is clean books, revenue stream and solid market share.
My concern always with reverse splits is that its done so that financing is possible. I haven't seen a lot of positives come from this action however, they are in a much better position than most companies who enact this measure. A big question for Fred is if they are going to do the token buyback and then start looking for financing thinking they've appeased share holders.
I agree Brook. We've had our tit for tats over the years and your constructive criticism is unfortunately after the fact.
I lambasted you for your negativity which unfortunately didn't help the cause however, I think I drank a little too many Dixie cups of cool aid over the years. In other words, you were the yin to my yang and we both got sucked over the cliff. LOL "sigh"
OK, sorry to say this but we investors have been somewhat of patsies dealing with this company and by this I'm only gauging on postings on ihub.
I understand that there has been very limited reasons to post here since all the excitement and hype mongering have been taken out of DSNY's sails by the abandonment of Clipstream. Personally, I think that was the right course of action due to the profit sink it was becoming, not to mention pulling attention and reserves away from plaympe.
My consternation is a lack of interest/involvement of investors (myself included) that, although the speak at quarterly CC's is of greater transparency and communication with investors...this never seems to materialize.
Fred and co. are providing good wages and security to their employees however, since this is a public company then we investors also need to be looked after. I feel this complacency is eliciting a lack of urgency (especially, in the fast paced and changing tech industry) and slow growth due to these factors.
It is sad to me that Destiny was at the forefront of streaming tech and dropped the ball in so many areas when they could have ridden that massive wave in and all investors would be uttering cowabunga.
Just my thoughts and venting. Peace out y'all
The low undeserved and undervalued price of this stock won't change until the sellers stay at their ask price instead of consistently dropping their price down to the bidders.
Why would someone bidding on this stock bother to move the bid up when they are almost assured that the seller will meet them at their terms?
I hope in the not too distant future (yes, hope is a four letter word here) that the company starts lending a little support to maintain the share price because we deserve more respect rather than simply "shooting fish in a barrel".
Am I reading that right? 25000 for .12?
I did notice from year end financials that they did 69 G's of selling clipstream in fiscal 2018, double the previous year. Far less than our expectations however, it has some life
Destiny Media Technologies Schedules First Quarter Fiscal 2019 Earnings Release
and Conference Call
Vancouver, BC January 7, 2019 - Destiny Media Technologies (TSXV: DSY) (OTCQB: DSNY), the makers of Play MPE®, a cloud-based SaaS solution for promotional music marketing, and Clipstream®, the world's first script powered video platform, today announced that the Company will hold a conference call on Monday, January 14 at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) to discuss financial results for its first quarter ended November 30, 2018. The Company plans to release financial results for the year in a press release after the market closes on January 14, 2019.
The conference call will include comments from President, Chief Executive Officer Fred Vandenberg and Chief Financial Officer Sandra Boenisch.
Date: Monday January 14, 2019
Time: 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time)
Direct dial in: 416-764-8688
North America toll-free participant dial in: 888-390-0546
Conference ID: 48556756
A replay of the call will be available until Monday, January 21, 2019.
Direct replay: 416-764-8677
North America toll-free replay: 888-390-0541
Replay passcode: 556756#
A replay will also be available on Destiny's corporate site at www.dsny.com
About Destiny Media Technologies, Inc.
Destiny Media Technologies ("Destiny") provides software as service (SaaS) solutions to businesses in the music industry solving critical problems in distribution and promotion. The core service, Play MPE® (www.plaympe.com), provides promotional music marketing to engaged networks of decision makers in radio, film, TV, and beyond. More information can be found at www.dsny.com.
Contacts:
Fred Vandenberg
CEO Destiny Media Technologies, Inc.
604 609 7736 x236
"We'll see about Fred's statements, we still don't know what the competition is like or if costs to customers are going down. Will we have to sell more to make the same net? I have no idea."
- They did increase the UMG contract by 15% and get two years over one. So, I don't think they are going to discount further to gain more market share.
About holding .20 They do need a few robust quarters to show the tide has turned and I think it is not about valuation right now but tax loss selling, people needing money and not enough buyers at this point to hold the share price. I think this will come and although a $2 share price would be a dream without a new Vangorilla to pump the kaka out of it...I think $1 is a reasonable objective.
Cheers for the New Year all ye longs
I think a better assessment of the direction the company is taking "fingers crossed" will be for Q1 2019 coming up fast; approx third week in January.
I agree Brook that there have been a lot of missed opportunities where Destiny's foresight and product development had been ahead in many areas of streaming tech. Unfortunately, this company is not remotely the only one to drop the ball and zig when they should have zagged but I think now, they are doing a good job of making the best of what they have going for them.
Remember, Fred said they only had a 5-10% share of the delivery pie and were expecting to grow exponentially with the new mpe build finally covering android and apple. Because their expenses are essentially more than covered then, any subsequent revenue will be squirreled away as profit.
I think the share price will go up in increments as long as Sir Dumpalot
doesn't dump a big load of shares and hinder a potential run to higher valuation.
I can see you were feeling your usual warm and fuzzy on Chrirstamas Eve Brook. LOL
I see your point Brook but Universal is the biggest fish and even UNG"S management might be unaware that plympe is their ipso facto distribution tool.
Perhaps the public talk about UMG is not to influence them since they are already heavily vested in it's use but, to show the other big labels that plaympe was chosen for a reason and it is not in conflict to use the same system. I still maintain the watermark feature is massive and should be better utilized as the global standard for preventing piracy.
Yes, I know what you mean regarding UMG but, I think they have a pretty sweet deal on a cost basis with plaympe and they are embedded with the system so it would be a major undertaking to switch when the personnel are familiar and trained to use plaympe. They can't bury their heads in the sand that once they're in, it's gravy and I can see that Destiny is actively improving and making this system the best one so adoption will be a no brainier for non users as long as they keep improving and don't sit back on their laurels.
What us long timers see is a seemingly infinite timeline and slow process however, the new direction (focusing almost exclusively on plaympe) is moving rather rapidly with improvements etc and although my fatigue for this investment creeps in from time to time it could be worse and I'm happy they seem to have renewed enthusiasm and focus.
Well put! Thanks for backing up my blanket statements with facts.
I think whoever picked up the shares today will be rewarded handsomely.
I'm not kidding when I say the value is north of a buck for this established company but the market has to realize this and faith needs to be restored by improving financials etc. I think the hangover from Clipstream is still lingering and perhaps for some they are still showing their disappointment rather than moving on and seeing the vast improvements.
I hope as stated in the transcript from the year end that more regular updates are established.
Whoever is selling down today I would suggest has a not so hidden agenda since there is zero reason to be pessimistic at these prices.
Although I've been a little miffed at the lack of updates..Fred has done an impeccable job to outline the achieved improvements, future business developments and projections using the conference call as his platform.
As a long term investor, I have to say I'm breathing a sigh of relief to hear the goings on behind the scenes and that there is sanity and direction now with this company.
https://static1.squarespace.com/static/577ff1e1b8a79b6381aecc70/t/5bfdb8deb8a045aa95d73b8b/1543354593089/Play+MPE+Investor+Sheet-Final2-web.pdf
Yes, they've had the watermark tech for many years and it is obviously in good form and working condition for it to be still highlighted this far down the road.
It would be nice if the watermark was made the standard for new music to use and then a royalty per is paid to Destiny.