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from what I understand, TT, Steve just doesn't want to spend any money. in the large picture, debt is not a bad thing in companies, esp. if you can leverage it into a higher rate of return than the interest (duh), some make the point that it's necessary for businesses to take on debt. otherwise there would be no bonds issued by large corporations and the textile / garment industry wouldn't turn to factors to help finance their new lines of clothing.
but what I don't understand is that a lack of good news is not bad news, so why the dramatic drop in share price on no bad news. the company is committing marketing malpractice, for sure, but Clipstream has only been "out" for a couple of months.
there seems to be a lively debate about whether a r.s. really does support share price - whether it facilitates uplisting, etc., versus the bad rep that they have and how that actually drives share price down. I'm neutral about that, have seen it work both ways. Steve V was talking publicly about a r.s. over a year ago, I guess they wanted to take a stab at the $2 method for uplisting, but it looks like, for now, that ship has left the dock. What I mean by support is something like a press release or article or publicity about the software's efficacy or about the company. I simply can't understand why there's nothing along those lines.
it's total manipulation. if I had to guess, I would say that some institution of some sort is using their MM to keep share price depressed while they accumulate. on the other hand, if you were a short and knew management of a company was unwilling to support share price, would it look like an attractive opportunity to you?
As I've said before (when you thought I was short), with current MPE revenue, which is all we have, we're lucky to be over $1.00 at this point. A look at the past several quarters of MPE earnings is not a happy experience, I have no idea when this new contract is supposed to kick in and earnings will commence to skyrocket. Hey, as long as management can keep picking up shares at $.50, where is their incentive to support share price at current plummeting levels?
"Tell me how false accusations and exaggerations" - exactly my problems with Steve V, esp. exaggerations that have cost me dearly - believe what you want, I could care less, no need to continue this dialogue.
I remain a shareholder for two reasons. I believe in the software (if it works as touted), if not the management, and, as result of what Steve said to me, personally, I bought a ton of shares in the $2.50 range - if you'd like to buy them from me at, say, only $2.50, you can be rid of me from this board immediately.
I found it remarkable that the company was able to get an article published about so-called bashers / shorts and what they were going to do about "them", but can't to seem to get one published about Clipstream.
Right, how have those timelines described by the CEO in the past been working out for you?
ok, now that's very constructive. I have reason to believe it won't happen, so we'll see, I appreciate your effort, at any rate. my e-mails, in general, come off as too angry, I'm a lousy writer, so I'm refraining.
Day to day? They will put out as they are able? The share price goes from $2.90 to $1.45 in a couple of months and he can't be bothered? What happened to the $15k per month he said they were going to start spending on marketing last November. Why do you lie down for this guy and refuse to ask him any hard questions? I know I could e-mail him, but you're the one with the relationship - what's the point of repeating his talking points, you might as well not bother..
imagine you had developed software that will revolutionize video distribution (to an extent) - why in the world would you then make so little effort to tell the world about it? is the CFO "threatening" to sell 300k shares a way to further depress share price, for the time being? too much time on my hands, clearly.
been hearing variations on this song for over a year - nothing matters any more except contracts. if all we have to hang our hats on is the rs, we're in trouble, no matter what the charts say. first, we were bottoming at $2, then $1.80, then $1.60, now $1.50(?) - what exactly is going to push the price up at this point - you'll notice that the HTFBS people have moved on to greener pastures after an extended period of pumping here, guess they've lost confidence.
hard to understand the complete lack of reported progress on any front. no announcements of new hires or contracts, no publicity surrounding Clipstream, no independent software reviews, nada - what happened to the 15k per month Steve said they were going to start spending on marketing (in November)? unless he's working with institutions to enable them to buy in at a lower price for a quid pro quo down the line? just do not get what's going on here, very frustrating, I mean how sure is anyone here that Clipstream is even commercially viable at this point?
No, I missed WDDD, first I heard of it, I think, was a mention hereabouts a while back, but congrats. Except for DSNY, I'm all in the baby biotechs, so probably wouldn't have jumped in there anyway. TRXC is not a biotech, technically, but is close enough for my purposes.
Timorr, I've been scaling in since about that level, bought some more today, too. It's another patent play with major disruptive potential (I think). Are you in it?
Mercedes, I no longer subscribe to the private messaging here but send me your e-mail via private messaging and I'll respond, would love to talk about it
I'm just curious if you guys here have pretty much given up on DSNY. I used to see a lot of chatter about the Big 3, now it just seems to be Spiffy and Ciggy. Also, TRXC, I nominate that one, check it out.
You make some good points, it's frustrating that the company feels no need to do anything to support share price, whether it be a well-placed article in a mainstream publication, news of a contract, announcement of the new hires we've been hearing about for 2 quarters, an independent review, etc. - it's almost as if they don't yet get the concept of being a "public" company.
Insiders selling shares never bothers me - it's done for a whole host of reasons, i.e., tuition, a wedding, beach house, tax payment, etc. Much more important to me is news of insider buying, because they do that for one reason only.
only someone with a negative opinion about Destiny would believe in the naked shorter scenario - if you think Destiny will be a great success then you would conclude that naked shorting, or just shorting, DSNY, would be investing suicide. why short a small company that's turning a profit and has great potential, when there are so many small companies losing money to short, i.e., the biotech sector, see, for example what happened to PVCT a couple of weeks ago. only those who don't believe in Destiny would validate the idea that shorting DSNY is a viable strategy.
if, however, you believe that Destiny could have a great future, as I do, you would understand that only very stupid people would short an up and coming company like this one, and people who make a living shorting stocks are not stupid people
So you're making this stuff up because it makes sense to you? And then making out that it's, somehow, info from the company, that you have a source on the inside telling you these things? p.s - no VP of any major American company spells as poorly as you do.
"TH, my impression is that they have enough new business at this time and Steve's main concern is to take care of the new customers and make sure everything is running well and they're very satisfied. "
How do you know this if the rest of us don't? An official statement along these lines would put a lot of people at ease.
TT, I met the IR guy, when he was in NYC with Steve last fall - so I know there is one, even if he seemed pretty young - why isn't he answering questions from, well, investors?
I don't think I"ve created any unrealistic timeline expectations. I believe your "jeez" could be better directed elsewhere.
maybe you missed me posting repeatedly that the launch of Clipstream was possibly the most important event in the history of video distribution since cable tv? Or my repeated projections of DSNY as a possible $40 per share stock? Sorry, I'm not responsible for your distorted perspective. My points stand unless factually refuted and if they are, I'm happy to concede, as I have numerous times in the past.
Showing a photo from a booth in Atlanta in 2012? It appears that Destiny has identified investor boards like iHub to be important interfaces between the company and retail investors. There is some cheerleading going on here that's just doesn't hold up to scrutiny - plus a more or less constant repeating of what Steve has said in the past, almost completely uncritically and verbatim. Let's see a third party review of Clipstream in a mainstream publication instead.
I'm not so sure about that - there are plenty of micro-caps that have institutional ownership in only the 10's of thousands of shares. Little tastes, waiting to see how the main course looks.
fair enough - I would like to think that announcements of contracts with them will be forthcoming.
so, you can provide proof of the quality of Clipstream performance, cross platform? maybe a third party review in a mainstream publication? that's the kind of good news we need to hear from the company
it's a plausible scenario, I'll give you that, plus many clever people believe something like it to be so (maybe not the concrete shoes thing). let's say they shorted at 1.75 (1.50?), it never rose to above .92 until last year - wouldn't 13 years have been enough time to cover their shares and get out with a profit? what would they be hoping to accomplish now, indefinite delay of covering? sorry, but I find this fascinating.
Ah, a random check, thanks
Thanks (?)
Right, but as far as we know, unfortunately, there is no business reason for it to go up, either. Some news would be nice....
Curious how you came across this info - is it a service you subscribe to?
New insider filings for DSNY: DESTINY MEDIA TECHNOLOGIES INC
Senior Officer (Chief Financial Officer): Vandenberg Fred
Acquired 75,000 Common (Non-Derivative security at $0.500) on Jan 9, 14. Direct holding 620,708 shares/units after transaction. Holdings increased 13.74%.
Sold 19,841 Common (Non-Derivative security at $1.890) on Jan 9, 14. Direct holding 600,867 shares/units after transaction. Holdings decreased -3.20%.
Sold 75,000 Stock Options (Right to Buy) (Derivative security at conversion or exercise price: $0.500) on Jan 9, 14. Direct holding 75,000 shares/units after transaction. Stock Options (Right to Buy) expires on Jan 14, 14. Holdings decreased -50.00%.
Sold 75,000 Stock Options (Right to Buy) (Derivative security at conversion or exercise price: $0.500) on Jan 9, 14. Direct holding 0 shares/units after transaction. Stock Options (Right to Buy) expires on Jan 14, 14. Holdings decreased -100.00%.
Of course I know about Noramco, but let's look at some history: Noramco's involvement is believed to have begun in about 2000 - on May 1, 2000, DSNY closed at $1.87. That was really priced much too high based on the fundamentals, i.e., revenue, and was actually a good candidate to short, on that basis. By 10/1/2001, the closing price was .09, so if Noramco went short millions of shares in 2000, as is rumored, they would have made a nice profit, a really nice profit. What I don't understand is why they would continue or increase a short or naked short position at that point and to hold it for 10 years or more- MPE revenues were picking up, Clipstream eventually made it onto the horizon, and the company was not going to go broke. Even if it did, that's a lot of money to commit for a max .09 profit per share. So, I've concluded that I don't believe that there is some monstrous amount of naked short shares outstanding that dates back to whenever.
Justfacts - thanks, but I'm not worried, what would I be charged with, "freedom of speech"? These folks who seem to want to see me get sued, I'd be interested in how much of Destiny's $1.6M cash on hand they'd like to see allocated for it, and as a result have to wonder if they're actually working for the shorts.
"There are a lot of investors that will invest in companies just based on insider buying alone".
ok, I dispute this - I have a sub to a newsletter I get every morning that lists insider buying and selling and think it would be silly to invest on just that basis, it's a starting point for DD.
"Savvy investors, knowing that a NASDAQ listing brings in institutional investors, try to buy ahead of this uplisting".
I didn't know about these requirements and admitted as much
"In our opinion, the reason this alleged naked short couldn’t be busted before",
I have doubts about a large naked short position out there and neither side of the discussion has any proof, so we can agree to disagree about that
I still don't understand how these opinions have gotten you so upset. If you think I've never said positive things about Destiny or Clipstream you're wrong and I think you know it. I think management dropped the ball over the launch and mislead investors- which cost me a bundle- but I'm paying to play so will say what I want.
ok, my bad, can you explain how that works? I know that Fidelity has something like 1.6M shares, but I don't understand the why of the "have" to part or which index funds would have to. If this is the case, and we go down to 10M shares with a 1:5, it will truly be good times.
And what, exactly, was the the b.s? You think that institutions will buy just based on an uplisting? Or that investors buy just because insiders are? I don't see what your problem is, actually. Maybe instead of a schoolyard response you'll deal with some substance, but I doubt it.