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Investors seem to be chasing non-OTC stocks higher on post-cliff news.
Attention will shift to DSNY when the earnings report comes out.
Here is an example of PlayMPE linked to musicians.
http://www.musicrow.com/2012/01/kaleb-mcintire-redneck-in-all-of-us/
DSNY announced that they are going to allow band websites to use PlayMPE to pre-release singles off of a new album early to fans.
This partial song was released free in Jan 2012 without PlayMPE.
I can't predict profits this year since there are too many crazy events going on since last year.
Lawsuits have been settled since last year, so costs have dropped there
PlayMPE development has decreased since v5 was released last May, so costs have dropped there.
Clipstream G2 is currently in development, so costs may have risen on that.
I am hoping for 2 cent profit at the most. For a 61 cent stock that would be great. More likely, 1 cent profit or slightly less due to Clipstream G2 costs.
The year ended August 31st. 1Q is Sept - November.
I can't predict how much their sales increased year-or-year, but this quarter is the strongest quarter of the year. Profits should be decent unless they have spent it all on development costs for Clipstream G2.
Q1 Earnings report should be released Jan 15th or before.
It is good to hear from you.
The decisions to invest in product development, marketing versus investing in buying back stock are complex. I can't make that determination about what is best.
What I do know is that companies should not spend a lot of money marketing products before those products are complete.
Great product development takes time - which can be accelerated to a point with more money, but more money can be wasted too. Companies can't just hire new employees to fix complex software programs. The current experts who already know the issues have to work it out.
So I have to trust the management team to make the right call.
I like the buy back statement that is made. I posted a message before the announcement requesting a 500,000 share buy back. DSNY doubled my suggestion, but they do not have to spend it.
timorr, I think brooklyn13 is trying reply to my comments on the buy back and current stock price without replying directly to me.
He likes what he has to say, but he does not like what I have to say back to him. He may even have put me on ignore.
Your supporting evidence makes zero sense -
'I think the price movement validates my position to some degree.'
The stock prices go up and down all day. The stock price is not an indicator of business value in the near term. In September DSNY was over $1.
The stock price is more an indicator of media news and momentum chasers which DSNY has none of right now.
You can make whatever statements you want. I will comment on that when you ask me to. However, I get to say it like I see it too.
The only times that the stock price is judged by their earnings is around the quarterly reports.
You should consider that the selling is gain related more than loss related. It looks like the capital gains tax rates rise to 20% next year.
Investors who have been invested in Destiny for 3 years have a three fold gain even at 62 cents.
There is little reason to take a 20% loss on a stock that might jump 20% in the near term.
Why do you keep slanting your discussion toward a negative view of Destiny with selective facts about decisions like the share buy back?
There are two reasons for the buy back, not one.
The buy back allows the company to buy shares. It does not mandate the company to buy shares. A large buyer of stock hinders short sellers from playing manipulative games with the stock price. So buy back programs stabilize the stock even if the company buys no shares.
What is confusing is why you accuse the management team of making poor decisions that have not really been made. I think your own poor perception of facts seems to energize your animosity mode into high gear when there is no reason to fret.
Whose authority are you questioning and why?
Two year old children question authority with their temper tantrums which which is why that age group is often referred to as 'the terrible twos'. They earn either spankings or time-out time without their toys and playtime. Teens question authority by finding ways to buy alcohol and drugs and doing crazy destructive things that sometimes hurt themselves and others.
Destiny is a profitable company with a 62 cent price per share with new products and services arriving soon that should expand their revenues and profits 10 fold or more.
Yet, you question why they want to establish a share buy back? I wish I could put you in a time-out vortex that would last 6 months for your lack of respect for other people's work.
ANYDAYNOW, If the cliff is a risk then you have to be high up on the mountain not at the base of the mountain.
You just stated that DSNY shares are at the bottom of a mountain, so I agree with you - there is little risk and lots of elevation gains ahead for the share price.
Thanks for the shares at 63.5 cents if you were selling.
Do you mean physical cliff, like a mountain side?
It is pretty clear you are back because you sold all your shares and you want back in at lower prices.
You should invest in companies that you trust.
If you really do not like the management decisions, then sell your shares. However, I think you like to mix up the important facts to support your own state of confusion.
The Frankfurt exchange issue is moot, i.e. unimportant and lacking reasons to be considered as an issue. Most of your points on that are hearsay, so I can't even comment on which ideas are valid and which aren't. All OTC stocks were leaving the Frankfurt Exchange, but trading is still possible through the OTC. The trading volume was minimal anyway.
The decision to reinstate the buy back was due to the share price drop pressure due to short sellers. Raging bull posters have posted the short seller volumes on DSNY shares. There was heavy shorts right after the showcase prototype was released. The company could either act to support the stock or not. They chose to act with the share buy back.
Is the management team trustworthy? I think so. Otherwise, I would not be here.
FDA Paid $30,135 for 10 GastroPlus 7.0 Licenses in August 2010.
http://www.hhs.gov/grants/fda2010scinventory-c.csv
AJ54,LIFE SCIENCES (ENGINEERING),7524,
FOOD AND DRUG ADMINISTRATION,7500,
"HEALTH AND HUMAN SERVICES, DEPARTMENT OF",7524,
FOOD AND DRUG ADMINISTRATION,LANCASTER,CA,UNITED STATES,
08/31/2010,COMPETED UNDER SAP,,
FIRM FIXED PRICE,
TAS::75 0600::
TAS LICENSING OF GASTROPLUS 7 0 10 LICENSE AGREEMENTS,
"SIMULATIONS PLUS, INC.",HHSF223201011649P,,959691809,
"$30,135.00"
Aston University (UK) launches a Masters Program in Pharmacokinetics starting September 2013.
http://www1.aston.ac.uk/study/postgraduate/taught-programmes/school/life-health-sciences/msc-pharmacokinetics/
GastroPlus and SimCYP software are included in the 12 month program.
'The volume they're trading, then, would hold the price down.'
There are two ways to hold prices down.
(1) Sell shares to meet or exceed the short-term buying pattens.
(2) Scare off buyers to reduce the buying volume below the selling volume.
The company is doing neither. Choosing not to buy - is not holding the price down. The company is not 'trading' either - just buying.
The fiscal cliff news is doing all the 'holding the price down' by scaring off buyers. Although, Destiny is in a good business to perform well in any economy.
The company is not holding the price down!
There are few buyers right now because there is no immediate news expected. IMO - there is no hurry for the company to buy shares this week with the fiscal cliff news pending.
That is the Book value that Yahoo calculates.
However, book value reflects only the value of tangible goods of the company.
Technology companies have intellectual properties that have value but are not part of book value calculations; such things as software copyrights, trademarks, and patents.
Gates Foundation Awards $10 mil for TB drug improvements.
http://www.fiercevaccines.com/story/idri-fetches-10m-gates-foundation-adjuvant-research/2012-12-12
Next up, Simulations Plus for Malaria drug improvements.
PS, IDRI needs Simulations Plus software and has the money to pay for it.
What you are complaining about now is your lack of options to buy back shares at low low prices.
Tough luck sailor. The ship has left port and the only option is to row or swim your way to the boat.
IMO - 1 Million shares is a lot to shares. If they can buy all the shares at 65 cents that is great for share holders.
DSNY can always change the buy back program to increase the funds and targets.
DSNY has over $2 million in cash and receivables as of August.
Their most profitable quarter is Sept-Nov, so they have more cash and receivables now than in August. They are receiving 13,000 per month from the Australian settlement for the next 5.5 years.
While I do not think spending $1 million dollars on share buy backs is wise, I think they can even with the G2 developments.
Day Chart shows 58,000 shares right before close.
http://ih.advfn.com/p.php?pid=webchart&symbol=DSNY&period=0&size=19&volume=1
I can't tell if this is one trade or several, but I like the signal it sends.
Who is selling DSNY shares at 61 cents?
Is that you, ANYDAYNOW?
The $1 estimate was probably copied from the Destiny Repurchase Plan.
It would be risky to an analyst's reputation to propose a higher value since there is no other data to reference. The analyst would have to follow Destiny very closing to propose $2.
I see it. However, I am not convinced it is a long-term run.
Craig-Hallum earns money promoting companies like NEON so their buy recommendation is biased.
I missed the run on UNXL. UNXL and NEON have some agreements with TXN - so maybe the NEON run is related to something good.
Merry Christmas to all SLP shareholders.
I was hoping to get some low priced shares before that message was posted.
There are two reasons to be on a message board.
To learn something new from others and to share something with others.
What are you sharing when you post?
Since you have been routinely negative or making false statements about Destiny, you are not sharing something valuable for others to learn.
You seem to have traded Destiny long enough to accurately judge some buying and selling patterns of large shareholders who trade DSNY.
You did correctly forecast this recent drop in the stock price, so I will give you credit on your analysis of the buyers and sellers of Destiny shares and your prediction. That is all.
Your (won't buy) statement was after the buy back announcement.
Face the facts - you made your statements to soften the price so that you could buy your shares back at low - low prices.
While it is wise investing, it is also manipulative to state incorrect facts to drive the buyers away.
IMO - I think that is what you like to do.
Unfortunately, the market rewards the liars too often.
'I won’t get back in until the G2 issues are solved and they can prove that they can monetize it.
Until then I’ll put my two cents in and wait.'
I had to buy myself 12k Destiny shares for Christmas early since the sale may not last. Ho Ho Ho. If I can get the share certificates, I could use them to fill the stockings that hang on the mantel.
Phil2010, Can you post Frankfurt DSNY trading volumes on this board for everyone to see. I would like to prove that the last two weeks is not related to Frankfurt trading.
Only if it is easy to do - like the Yahoo historical prices data.
Isn't the Frankfurt market discussion pointless.
'It is simply true that all OTC Bulletin board shares get delistet in Frankfurt, but we easily are able to sell/buy via OTC market from Germany.......no need to sell except some weak hands. '
Why people badger on over nothing - I do not understand.
'They won't be able to survive on the declining MPE revs alone.'
Change that to - 'RISING MPE revs'.
Didn't you listen to the last conference call? Play MPE has potential to grow over 5 times its current revenue level. I believe Steve stated they have less than 10 percent of the market revenue potential.
'The market never lies' Very funny.
The market is full of liars and thieves. I just read the article on the lawsuit by the founders for Dragon Software vs. Goldman Sachs. Do you really think Goldman Sachs earned their 5 million dollar merger adviser fees in that case?
You must want back into Destiny really bad now since you are hanging around here slamming the company for no apparent reason.
You said you liked Brightcove. Please go share your wisdom on that board.
If it makes no sense to you, move on.
b13, you would be correct if the goal was to swindle shares from panicking sellers.
However, share repurchase programs have to be disclosed to share holders. The goal is not to manipulate share holders to sell shares cheaply to the company. The goal is to reward all share holders fairly.
If share holders want to sell, they have a higher price to sell their shares than if the buy back was not in place. For the share holders, the buy back sets a price floor with the prospect of the company buying shares.
With this agreement, the company does not have to buy shares - but they can now.
CCI, I agree but please let anydaynow go bye bye.
It is also a way to screw sellers who manipulate the share price down with overly large sell blocks to scare investors out.
It rewards share holders by increasing the future profits per share.