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.
From MediaCaster
DAILY NEWS Aug 14, 2014 7:56 AM - 0 comments
Canadian Clipstream Developer Changing Address, Building Business
Vancouver-based Destiny Media Technologies wants to change its corporate jurisdiction from Colorado to Nevada.
The digital media software developer offers secure solutions for audio and video online content delivery, known as Clipstream and Play MPE.
Destiny says the change of corporate jurisdiction will give it a greater measure of flexibility and simplicity in corporate governance, and will increase the marketability of its securities. Company CEO Steve Vestergaard noted that Destiny’s business and affairs can be conducted to better advantage if the company is able to operate under Nevada law, where Destiny says corporate law is more flexible and more substantive.
The change of corporate jurisdiction is subject to the approval of the shareholders at a special meeting to be held on September 25, 2014 as well as the TSX Venture Exchange.
Meanwhile, Destiny has appointed a former key Microsoft executive as its new Vice President and Chief Operating Officer for its Clipstreambusiness.
Dale Borland will now be responsible for overseeing all aspects of Clipstream, including the strategic plan, personnel, sales and marketing, and product strategy.
Borland brings more than 25 years of leadership experience in successfully commercializing new technologies in multiple international markets.
He joined Microsoft in 1989 and during his 17-year tenure, he held senior management and executive roles in a number of fast growth divisions, with accomplishments that included a 400 per cent revenue growth in each of the business units he led (including strategy, sales, marketing and channels development for Microsoft's pursuit of the home market during the time of initial commercialization of the MSN Network, Digital Media products and Xbox).
"We are very excited to bring Dale into our senior management team. His global operations, strategic planning and marketing background, combined with a demonstrated ability to lead organizations to meaningful growth are an excellent match for the needs of this position," Vestergaard said in a statement. "His extensive background and leadership will also be instrumental as we build out the sales, marketing and support team for Clipstream."
The likelihood of Sphere having an agreement with the shorts (whoever they may be) is about the same as Benjamin Netanyahu throwing a birthday party for the leader of Hamas.
It is more likely that right now we are in sort of a "dead zone" between the announcement of the merger and when it is actually consummated. Nobody is totally sure exactly what the new company will look like. Add to this that the company has been extremely tight lipped about any new business dealings and you have a climate that is not exactly conducive to new buyers (especially institutions) taking a position. The only buyers seem to be those who have a complete belief in Sphere's management, product and eventual fantastic success. And most of those are already heavily invested.
On the other hand, there are always natural sellers. While there is only ONE reason people BUY a stock; expectation of GAIN, there are ENDLESS reasons why people SELL. Fear of LOSS, money needed for other things, margin calls,taking a short position, etc. So in a period like this it is normal for sellers to outnumber buyers and the price to fall.
Of course believers like us KNOW that it is only a matter of time before the true value of the company becomes apparent to even the most skeptical and the share price takes off like a snake fleeing from a Mongoose.
VERY IMPORTANT NEWS:
PRESS RELEASE
Aug. 13, 2014, 12:01 a.m. EDT
Destiny Media Technologies Names Vice President and Chief Operating Officer for Clipstreamœ Business
VANCOUVER, Aug. 13, 2014 /PRNewswire/ - Destiny Media Technologies CA:DSY -2.53% (otcqx:DSNY) today announced the appointment of Dale Borland as the Vice President and Chief Operating Officer for its Clipstream® business. In this position, Mr. Borland will be responsible for overseeing all aspects of the Clipstream® business, including the strategic plan, personnel, sales and marketing, and product strategy.
Mr. Borland brings more than 25 years of leadership experience in successfully commercializing new technologies in multiple international markets.
Mr. Borland joined Microsoft Corp. in 1989 and during his 17-year tenure, he held senior management and executive roles in a number of fast growth divisions, with accomplishments that included:
Revenue growth in excess of 400% in each of the business units he led
In Global Operations and IT Services across EMEA, he was responsible for supporting 28 countries, over 7,000 clients and $4B in revenue and sales operations
Mr. Borland headed up strategy, sales, marketing and channels development for Microsoft's pursuit of the home market during the time of initial commercialization of the MSN Network, Digital Media products and Xbox, achieving annual revenues of $200 million.
Mr. Borland has served in leadership roles in medium size enterprises as well as early stage entrepreneurial ventures. In 2006, he was appointed to the role of President & CEO of Marqui Inc., where he led a strategic change in product, sales and services into a SaaS operating company, which culminated in an acquisition in the fall of 2009. From 2010-2012, Mr. Borland served as Chief Operating Officer at Wantsa Media Inc., an online transaction solution for digital media and social content, focused on OEM licensing for clients such as Yahoo, AT&T, and Chicago Times Media Group. In addition, Mr. Borland was Chief Revenue and Marketing Officer of Colligo Networks and Technical Director at Bytech Limited.
"We are very excited to bring Dale into our senior management team. His global operations, strategic planning and marketing background, combined with a demonstrated ability to lead organizations to meaningful growth are an excellent match for the needs of this position," said Steve Vestergaard, Chief Executive Officer of Destiny Media Technologies. "His extensive background and leadership will also be instrumental as we build out the sales, marketing and support team for Clipstream®."
"With its multiple applications and ability to play across every major browser, Clipstream® offers something unique in today's online video technology landscape. The opportunity for this solution is significant in both size and scale," said Mr. Borland. "I look forward to leading this effort and contributing to the success of Destiny Media Technologies."
News
School system CIOs are sold on Chromebooks
That support is giving Chromebooks a market anchor, with 5.2M expected to be sold this year
By Patrick Thibodeau
August 11, 2014 05:28 PM ET
http://www.computerworld.com/s/article/9250304/School_system_CIOs_are_sold_on_Chromebooks?source=rss_news_analysis&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+computerworld%2Fs%2Ffeed%2Ftype%2Fnewsanalysis+(Computerworld+News+Analysis)
How big will this be for Sphere3D if most of these school systems team up with them for Glassware 2.0 like Chesterfield County Schools did.
"Chesterfield County Schools Turn to Sphere 3D for Windows on Chromebooks
. Taking on the complexity of managing a large Citrix XenApp environment was not something that CCPS wanted to have to address. At the same time, it wanted to ensure that any hosted Windows applications could be easily integrated into its own application portal. To overcome the challenges, CCPS has partnered with Mississauga, Ontario–based Sphere 3D, developers of Glassware 2.0, to provide Windows application hosting services. Sphere 3D provides Glassware 2.0 as an appliance-based hosting platform for installation either within a customer’s data center or as a cloud hosting solution offered by service providers. Sphere 3D company V3 Systems was one of the pioneers of high-performance VDI appliances, so it is to be expected that it knows how to make this approach work."
Could you share exactly what the email said?
Weird!
ANY.V price $7.36. That should equate to an ANY price of $6.77.
But ANY price is $6.36.
OVRL price $3.33. That should equate to an ANY price of $6.66.
Looks like ANY is a real bargain right now.
The manipulation continues.
Not as bad as yesterdays final 10 seconds but today went from $6.60 to $6.36 in the last 15 seconds on total of 500 shares.
The great thing is that WHEN (not if) the buying begins, the share price is going to go up as fast and as easily as it has gone down. Only a matter of time.
Don't see how anyone can derive anything technically from what happened at the end of the trading day. It all took place in the last 11 seconds. Share price went from $6.74 to $6.34. Total of 5500 shares in lots of 100 to 500 shares.
Most likely reason is that someone had to meet a margin call by the end of the day and sold for whatever they could get. That late in the day many traders take their bids off the table so free falls can happen.
Totally agree streamingeagle.
Can't just bring a Press Release to a gun fight.
HELP!!!!!!
I was watching my streaming quotes screen and all of a sudden after the symbol "ANY" a green number appeared.
Since that number is always supposed to be red, I think my computer may have been taken over by aliens.
Is anyone else having this problem?
Sorry Z, don't tweet. If you do maybe you could.
I think any insider buying right now (even small amounts) could have a dramatic effect.
Seems like a great time for the exec's & directors at Sphere to step up and each buy 5 or 10 thousand shares each to get this going back in the right direction and instill some confidence.
NEWS
Wed, Jul 30, 2014, 9:24AM EDT - US Markets open in 6 mins
Overland Storage(R) Enters Into Strategic Partnership With BDT and Settles Patent Lawsuit
Marketwired Overland Storage
2 minutes ago
SAN DIEGO, CA--(Marketwired - Jul 30, 2014) - Overland Storage, Inc. (NASDAQ: OVRL), a trusted global provider of unified data management and protection solutions across the data lifecycle, today announced that it has settled all claims in its patent infringement litigation filed against BDT Media Automation GmbH. As part of the settlement agreement, Overland Storage has entered into a patent cross-license agreement with BDT Media Automation GmbH and a strategic investment in Overland Storage by BDT.
The settlement and cross-license agreement effectively concludes Overland Storage's 2012 lawsuit filed in the U.S. District Court for the Southern District of California, and with the United Stated International Trade Commission, against BDT AG; BDT Products, Inc.; BDT-Solutions GmbH & Co. KG; BDT Automation Technology (Zhuhai FTZ) Co., Ltd.; and BDT de Mexico, S. de R.L. de C.V. The litigation pertained to partitioning media elements and the "mail slot" feature in automated media devices. In addition, Overland Storage agreed to dismiss with prejudice Case Number 12-cv-1598-JLS brought by Overland against PivotStor, LLC.
"We are pleased that we are able to settle the litigation and move forward as partners," said Eric Kelly, CEO of Overland. "We can now focus on growing our market position in the tape and automation segment in collaboration with BDT and provide even greater choice for our customers."
Thanks for the info timorr.
Seems to me that just a day ago there were people on this board expecting or at least hoping to get ANY orders filled in the mid 6's. Now, it appears that the bleeding has stopped in the mid 7's.
That is GOOD NEWS as was the Sphere press release. Being dissatisfied with ONLY a $700,000 increase in revenues in just the second quarter of product sales makes no sense. At this phase the main thing is not how much revenue they did but what the prospects are for future revenue. Everything about what was stated in the PR points to HUGE INCREASES in future revenue. More & better products. More parterships. More acceptance of the technology. And of course the merger which immediately creates massive assets to move product.
And maybe even more exciting is the comments coming out of these tech shows. When really smart, well known geeks in the tech industry are making comments about how unique and impressive GlassWare2.0 seems to be and that it fills a big need in the fastest growing segment of tech, what more can you ask for.
All we need now is for a few funds or institutions to begin nibbling. Hope Scott is out there beating the drum for this.
Don't know if anyone actually reads the comments following a Seeking Alpha article, but one of the commentators called bobonspec kept writing negative comments claiming Sphere3d has never had any sales or revenues. This was his last one:
bobonspec
again you completely baffle me. There is no revenue. Therefore no one wants the product. Get it yet? No sales. No revenue. No profits. No value to a sound investor.
Here was my response just in case anyone might have otherwise been fooled:
"This is about the 6th message you have posted claiming Sphere3D has NO sales & NO revenues.
THAT IS AN OUTRIGHT LIE!
Evidently you must have missed my previous response, so I will repeat it:
"Somehow you must have missed all this:
Recognized over $1 million in revenue in Q1 from Glassware 2.0 licenses, V3 Appliances, Professional Services and Desktop Cloud Orchestrator, including the company's first Desktop as a Service ("DaaS") agreement, with an international services company;
Derived revenue from customers in Canada, the United States, Europe and elsewhere; verticals sold to in Q1 2014 include Government, Construction and Financial Services;
Finalized partnership with Dell to integrate the Glassware 2.0 platform and DCO software, with Dell DRIVE;
Signed a collaboration agreement with Novarad Corporation. The Collaboration agreement will allow Sphere 3D and Novarad to offer an on premise appliance for the delivery of Novarad software to healthcare providers without the requirement to refresh workstation hardware. By delivering an Infrastructure as a Service ("IaaS") offering, customers can take advantage of a pre-built solution based on a verified architecture that reduces deployment risk and accelerates time to availability.
Expanded relationship in Q1 2014 with Corel beyond previously announced VAR and Distribution agreements. Provided Glassware 2.0 as a platform for WordPerfect X7 companion iPad offering. Corel is estimated to have over 100 million active retail users in 75 countries;"
Those are in addition to the previously mentioned Chesterfield County School district deal for Chromebooks which hasn't even been announced by Sphere. It is quite likely that there could be many other unmentioned deals as the company seems to have gone into a quiet period until the Overland merger is complete. And of course Overland by itself will most likely be bringing in $80M or more in revenues for 2014.
So please, do not repeat your no sales no revenues LIE again. Thanks."
"Sort of like assembling a movie cast of Meryl Streep, Brad Pitt, Robert DeNiro, Sandra Bullock, etc., etc. and people during production are complaining that the movie hasn't made any money yet."
Really love that analogy pete. Waiting for SHOWTIME.
Yes, I see that your article has been deleted.
I had filled out a comment criticising the article (but nothing about the writer or her history) and they have not posted it.
Is Seeking Alpha in cahoots with these scammers?
Did you complain about your comment being removed? If you did, did they respond and explain why?
Seems to be something rotten in Denmark here.
What COMPLETE NONSENSE from StreetSweeper.
I guess they have given up on bashing Sphere3d, GlassWare2.0 and Overland. They figured too much good stuff going on with their business, their technology and their partnerships so best not to mention any of that.
This whole new article is just about their opinion of the investing prowess of PineTree Capital, Cyrus Capital and the Midas Letter.
Sounds like they are really jealous that those smart people have made tons on money by being long ANY while StreetSweeper's people are probably out on the corner with a tin cup looking for some way to make up for their losses by being short.
Only takes one word to rate the article: PATHETIC!
Wouldn't say that it is "big time" shorting when there is only a total volume today of 17.8K.
What seems really strange is that now OVRL is selling at a premium to ANY. That makes no sense at all.
westeffer,
Suggest you check into using AmeriTrades Trade Architect. It is working perfectly for all stocks on my Watch List including ANY.
I am using their original version. I tried their "new improved" version and like so many "new improved" versions, it wasn't, so I switched back to the old one. If you click on Trade Architect now it might take you directly to the new one, but I believe there is a link on that page that will take you back to the older one.
Whether you use the old or new, it does take a bit of time and work to get the page set up to your liking. I have mine set up with a watch list of about 50 stocks on one side and quote details on the other. When you click on one of your watch list stocks the Quote detail side will bring up all the info on that stock including charts, Level II quotes, News, Time & sales, and Research. It is worth the time to get it set up.
From Press Release:
"The Transaction requires customary closing conditions, shareholder approval of Overland and receipt of all necessary regulatory approvals. The Transaction is expected to close in the third calendar quarter of 2014. "
I track a watch list on AmeriTrades Trade Architect.
It had been functioning fine for ANY & the rest of my list until today.
Today everything on my list worked properly except ANY. It was stuck all day at yesterdays closing price of $8.35. I did call and complain and they said they would look into it. If it is not functioning by tomorrow, I will call again.
AmeriTrade still the same:
40% Margin Requirement except
50% if over 50% of portfolio and
70% if over 70% of portfolio.
How about YO MAMA?
Old guys like us have to know these things so that we don't sound like complete geezers.
Anyway, thanks for the explanation. I agree that it won't make a difference cash wise but down the road it might make them look a bit smarter if the deal shows that they paid $20M less at the time.
Yo streaming,
Yesterday I posed the question as to whether anybody else thought that management might be cooling their heels regarding any news releases until the merger was completed. The idea was that the lower the share price at the time of closing, the less money it would cost ANY.
The example I gave was if ANY's share price at closing was $8 rather than $10 they would shell out about $20M less to acquire the OVRL shares.
You were the only one to respond to the question and you gave a one word answer that was NO. Could you expand upon that as to why that would not be a good plan? After all, immediately after the merger they could release something like the Chromebook news or some other things they have going and the price could shoot up to $12 in the blink of an eye.
What am I missing here?
"Did you mean heresy as you posted or heresay? LOL. "
I think he actually meant hearsay.
Just wondering.
"Under the terms of the Merger Agreement, Sphere 3D will issue a total of 9,443,882 common shares (“Common Shares”) on closing, subject to adjustment, for all of the outstanding share capital of Overland (“Overland Shares”) on the basis of one Overland Share for 0.510594 Common Shares of Sphere 3D (the “Exchange Ratio”)."
At the time of the closing, if ANY's share price is $10, then the cost of the deal (exclusive of warrants & options) would be about $95M. However, if ANY's price is $8, then the cost of the deal would be about $75M.
Is there any advantage in showing (at least on paper) that the deal is costing $20M less? If so, could that be a reason for the seeming blackout on ANY news recently even though there seems to be plenty going on behind the scenes?
Just a suggestion to speed up progress.
I think we all realize that a big obstacle to a quick surge in the price of ANY stock is the fact that it is very little known to the investment community. Scott has done a wonderful job of introducing it to quite a few people, but it is still a very limited audience as is this message board. Eventually this will change and this little gem will become very well known and those of us here early on will reap the rewards that will follow. BUT, I don't see anything wrong with helping the process along a bit.
I think just about everyone here is familiar with Seeking Alpha, if only because of the many horrible articles they have published by the very desperate short contingent. Well, besides that they do offer some really good articles about stocks written by some legitimately knowledgeable investors. I came across one a while back by the name of Mark Gomes mainly because he published some articles about a stock I already owned, PixelWorks (PXLW). Today I read another of his articles called Become A Millionaire for Free. In it he was basically informing readers of the stock picking service he provides. Anyway, I noticed at the beginning of the article that he has over 7,000 followers and I thought what a nice way of maybe reaching some of these folks by making a comment at the end of the article and mentioning ANY. So here's what I wrote:
Commoncentsinvestorguy
, contributor
Comments (5)| Following | Send Message
"Although I just started following your messages about a month ago, I had found both GLUU & PXLW on my own and have enjoyed the profits and love your investing philosophy and techniques. For the sake of your followers, you might want to do some research on Sphere3D (ANY) which just graduated from the OTC to the NASDAQ Global. They have a Cloud Virtualization technology called Glassware 2.0 which appears to be truly disruptive. They are in the process of merging with OVRL and are getting attention from some very big players like Dell, VMWare, Novarad and even Google. There is also a large and very desperate short position in the stock and they are attempting to discredit the company with constant phony negative articles. So far this has not worked as the current shareholders are really well versed on both the company & the technology and are not subject to scare tactics. ANY is a minimum of a 5 bagger from current price and could be much, much more."
Every day there are many, many articles on S.A. Perhaps some of you who are interested in promoting ANY could do the same as I did and mention it in a comment at the end of the articles. Just a thought.
The only way these goofy, fraudulent short attack articles would work is if they inspired longs to sell so that the shorts could cover at a reduced price. THAT ISN'T HAPPENING because ANY shareholders KNOW what they own & KNOW that the articles are full of SxxT.
The only thing they do is scare potential NEW retail investors from buying. However, that is a very short lived thing as anyone who does any kind of research of Sphere 3d finds out quickly the power of the technology they possess, the partnerships they have developed, and the potential disruptiveness of Glassware 2.0.
And of course, institutional buyers (which is what we need now) are certainly too sophisticated to believe anything coming out of the mouths of the StreetSweeper criminal gang.
So all this does is again slightly delay the inevitable HUGE profits all longs will make and HUGE losses the shorts are helpless to prevent. I consider myself a compassionate person but for some reason I am finding myself unable to feel sorry for them.
"well, so much for the squeeze"
If you expected a short squeeze to happen the first day on NASDAQ or not at all, then you are correct.
But that basically is just a silly assumption. We haven't even gotten past the point where brokerage houses seem to know if they want to give credit for having this stock in your portfolio and whether or not to margin it. These are temporary bugs that need to be worked out. I even had to email Seeking Alpha to tell them that the symbol had been changed from SPIHF to ANY. They corrected that immediately. Anyway, short squeezes only happen when there is a big demand for a stock and a large short interest. I believe the short interest is there but the demand might take just a bit of time to inure. I actually was impressed by the lack of selling pressure on the shares today. I wouldn't want to be short, would you?
I think what today revealed was how UNKNOWN this stock really is. As Martha Stewart would say: "That's a good thing". Every stock that I have made big money with all had the same thing in common; excellent potential and early entry.
This is going to be like those 4th of July fireworks you might have seen. Begin with silence. Then a few small flares. And eventually the sky is filled with brilliant bursts and booming noises.
Might need a couple of small institutions to light the spark, but it's surely going to come.
AmeriTrade requires 40% equity unless ANY becomes 50% of your account. Then the requirement is 50%. If it becomes 70% of the account the requirement becomes 70%.
Their requirements for most small caps is 30% - 40% - 50% so I imagine ANY will be changed to that once it has been trading for a while.
I feel like a part of history. Got the first 1000 ANY shares.
Overland Storage(R) SnapServer(TM) Delivers Integrated, Secure Private Cloud Mobility Solution
Last update: 07/07/2014 6:00:00 am
Overland Storage(R) SnapServer(TM) Delivers Integrated, Secure Private Cloud Mobility Solution
SnapServer DX With Embedded BitTorrent Sync Provides Encrypted File Sharing and Distributed Anywhere Access -- Faster Than Traditional Cloud Services
SAN DIEGO, CA--(Marketwired - Jul 8, 2014) - Overland Storage, Inc. (NASDAQ: OVRL), a trusted global provider of unified data management and protection solutions across the data lifecycle, today announced a collaboration with BitTorrent, Inc. to embed BitTorrent Sync(TM) within Overland's award-winning SnapServer DX Network Attached Storage (NAS) product line. The SnapServer DX with BitTorrent Sync solution effortlessly synchronizes files between geographically-dispersed mobile devices, tablets, desktop clients and networked storage systems with no transfer limits or subscription fees.
BitTorrent, Inc. pioneered the world's fastest P2P sharing protocol that is used by more than 170 million people per month, and moves up to approximately 40% of the world's Internet traffic each day. With its peer-to-peer architecture, BitTorrent Sync does not require a third party cloud provider and is able to achieve inherently faster speeds by sending files directly between devices.
The SnapServer DX with BitTorrent Sync solution allows users to create their own secure private cloud for accessing data globally or syncing data between systems for file sharing, mobile access or disaster recovery by simply exchanging secret keys.
"We are excited to offer new classes of software and hardware combinations to the public, private and hybrid cloud sector," said Jeremy Zuber, product manager for Overland Storage. "Teaming with BitTorrent allows our customers to securely synchronize, manage, access and share information across an organization and around the globe."
With the SnapServer and BitTorrent Sync solution, data is encrypted and then transferred directly between devices via a peer-to-peer (P2P) file sharing protocol. The data can only be decrypted on a device equipped with a shared decryption key. In addition to the SnapServer DX NAS, BitTorrent Sync is available for Windows, OSX, Linux and FreeBSD, and provides applications for use on iOS, Android, Windows Phone and Kindle devices.
"As a technological pioneer of file sharing and distribution on the Internet, we believe it is highly appropriate that we partner with one of the key innovators of data storage and management," said Lou Hong, product marketing manager of BitTorrent, Inc.
The SnapServer DX NAS Series is a data storage solution that allows users to manage their storage infrastructure without manual intervention. It is the simplest NAS and iSCSI SAN storage for today's business applications, including virtualized server and database environments, and backup and storage consolidation.
Product Availability
Current Overland Storage SnapServer DX customers can now download BitTorrent Sync at http://support.overlandstorage.com/support/snapserver-nas.htm.
Thanks.
Just became marginable in my Ameritrade account but still cannot place orders for either ANY or SPIHF.
Is it fully marginable or have special requirement?
"will be interesting to see what the first day of trading on NASDAQ brings in pps and volume..."
Might not be very representative. I called Ameritrade and even though the shares are now in the account as ANY, they show the stock will not actually trade until tomorrow.
"Who's buying more and how much and under what circumstances??"
My intentions have been to at least double my SPIHF holdings once it hit NASDAQ. Will be anxious to see what happens with the volume before deciding whether to add on drops or increases. I have no problem doing it either way depending upon what the buying/selling numbers present. Once I hit my goal number of shares, I will hold 80% as a core position (until at least a triple), and trade the other 20%.