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I'm not sure it's fear so much as resource allocation. Why put money into a stock that still has significant downside and doesn't expect to show much revenue for at least 3 months, and more likely 6, when there's a bunch of things to invest in that will possibly produce profits sooner. DSNY can always be revisited when it gets its legs under it, really no big deal if you get in at 1.50 or 1.25 or 2.
Keep in mind that in September he said they would start spending 15k a month on marketing in November - these timelines he offers have lost touch with reality.
yes, there is a sameness about it all. couldn't listen to the whole cc, so I have a question that might already have been answered. in addition to the salaries of the two senior people they're looking to hire, where is the money going to come from for advertising, marketing, and a sales force?
he / she is a troll
Until recently, I've held a fairly big position in DSNY, but over the past month or so I've sold a bunch to realize some (decreasing) profits - I'll continue to hold a core position. Why sell? MPE earnings are stagnant, at best, while we stumble along the path towards Clipstream. Plus the uncertainty of the massive short position and the upcoming possible reverse split - I've concluded that we're lucky for DSNY to be selling for more than $1, at this point in time.
What do I expect from the CC? There will be reasons for a lackluster performance this past quarter and predictions for a better quarter upcoming. I don't think any deals have been signed yet - if they had, I'm sure they would have been publicized to help support the stock price. So, if the market research firms have like Clipstream so much, why haven't they signed contracts?
Is anybody here buying at these levels?
Ok, so they don't have a PR company in place which might be the answer to almost all of your questions. Another interesting question is what percentage of web developers use Macs vs. PCs and, if it's large with Macs, as I suspect it might be, why target them first with software that's not Mac compatible?
TT - the cc on Tuesday will be the whole enchilada for me. What people aren't talking about - maybe for good reason - is that the day the r.s. was announced the share price dipped to 1.69, which is just about exactly a 50% retracement from the year's high. At that point buyers will often come in and we did see volume of over 300k. It's hard to determine what was driving the movement, the announcement or the technical benchmark.
TT, I"ve also been in since the .40s and have been selling a little lately, but for purely technical reasons. What do you see as a good buyback price - or maybe you're not interested ? It's just impossible to tell what's going on here, an opaque situation.
Well, I'm having a few problems with it. This will be the 3rd p.r. firm in 4 months, so there's something amiss there. Also, he says they're about to ramp up the public relations / marketing, but they don't have a firm in place, so wtf?. Steve has developed an unfortunate reputation for telling investors what they want to hear and then having ensuing reality paint a different picture. The CC on Tues will be crucial, I cannot understand their complete aversion to publicity - it's like they're great at developing software, then don't know what to do (although I do think the threat of a reverse split is a nice move).
I'm curious if you're satisfied with this response
you know that PR = fluff, right? Public Relations, it's just what the name means. We're not talking about fudging results for a peer reviewed article in a technical journal. Public relations is to tell the public what a company is up to - unless you've seen the many stories about the release of Clipstream that I've missed, we're in desperate need of "fluff", because the investing public hasn't heard of our signature product.
I've been a long time critic of Destiny management, but am eating crow now, I think this was a brilliant move, I only wish they'd done it sooner. Unless, of course, the timing was designed to mask another mediocre quarterly report on earnings next Tues. But I think not, I'm seeing a two track approach to NASDAQ and think, overall, it's been well played.
exactly, very quickly moved up a lot (and has since floundered, but that's another topic)
Perfect is good. I voted against a r.v. in another stock today because I thought it had the whiff of desperation, then sold out of it anyway. Definitely not the case with DSNY, market is viewing it as a positive - if this can be joined with a good cc on Tuesday, hello?
I concur, I was in NBS last year when it reverse split and the price shot up almost immediately thereafter.
Thanks to you guys, I am shamed by my lack of confidence in the scruples of my fellow posters. Now the naked shorts will squirm, the fun begins in earnest.
Sons, I hope you remember that over a year ago I posted that Steve said he would consider a reverse split to get listed on NASDAQ. I hope you also remember that I was absolutely trashed by many here, publicly called out as a basher, a liar, a short, and worse in private messages. I'll now wait for those "people" to make an apology to me as public as was their name calling and accusations. But I won't hold my breath.
Retracements are attacking Van's picks, they can't keep going up without interruption. Look at the past one year chart for XXII and you will see three of them. Unless there is positive news, which will override natural movements and reconfigure the situation.
ok, thanks, hope to read about Clipstream soon in a major publication.
I hope you are right, but that's a lot of assumptions... What does that mean "the word is that the glitches...", where does one get info like that, just asking.
Others think this will be quicker because Steve cited, "an avalanche of demand" and "hockey-stick revenues".
pull up a six month chart of DSNY and look to the left. 1.76 / 1.77 is an absolutely important line of support, it will be interesting to see if it can bounce off of it. otherwise, it could then be down to 1.66 / 1.67, the 50% retracement betw. 52 week high and low.
I don't know enough about the technology to understand if he's accurately describing the situation on that end. Sort of illustrates what I've been ranting about, though - if he's wrong, if he works for a competitor, if he's a short, whatever, as Clipstream matures guys like this are going to be coming out of the woodwork for one reason or another - this is why it's critical to put positive spin / news out there on an ongoing basis, to counter stuff like this, to be continuously making the case for Clipstream, there is no other choice, public relations is part of your sales force.
I appreciate your viewpoint, and really, who doesn't enjoy being called a whiner? This stock is acting peculiarly , going down dramatically after the release of its signature product. While you can't manage a company with press releases, you can help manage its share price with same.
Of course you're right. What I meant was, how about a press release stating that some companies - no names - have an interest? Or something? After over a year of investor conferences, with Fidelity owning over 1M shares, companies have certainly had time to look into Destiny and its products. I'm just worried that there's not enough good to report, so far.
Yes, but so what. We're not looking backward, we're looking forward. In my opinion their continued insistence on doing absolutely everything without any help, without delegating any responsibilities, without spending any money is virtually hubristic. There's no shame in hiring people who have been there before, if corporate debt is so onerous, major companies wouldn't issue bonds, factors (in the textile / garment industries) wouldn't exist. If you are correct, however, and I'm wrong, maybe you can explain where all the buyers are.
In the face of an over 30% decline in share price, in a relatively short amount of time, the unwillingness / inability of management to release any good news whatsoever is telling. The mystery to me is why so many are willing to defend / make excuses for them, they need help.
Honestly, I was in DSNY before I heard of HTFBS, I have some XXII because of him, and kudos to him for it - and because it's a biotech - not really interested in SPIHF, it's out of my field. I'm constantly feeding my winners and starving the losers so when DSNY resumes its steady upward climb, I will cut bait on some underperformers and increase my holdings in it, and vice versa. Can't fall in love with any stock, I try to go by the numbers and maintain my discipline.
I don't doubt you, but if all the people here who say they are buying were actually buying, demand would outstrip supply and the price would rise. The fact is, in the larger sense, there aren't any buyers and that's the problem. There aren't going to be large profits reported this quarter, so next quarter will be the earliest, about 4 months out, no rush to buy as I see it, big boys are taking a wait and see approach.
My concern is that we've recently had the release of Clipstream and a S.A. article predicting DSNY will double in 2014 and the stock is not gaining any traction, whatsoever. Weird, huh? Honestly, I can't figure it and now we've been presented with another time line prediction about marketing, testing, etc. and the market doesn't seem to be buying it. Back in Sept, Steve said that as of Nov. they were going to start spending 15k a month on marketing and just now they decide the marketing firm isn't going to work out? I'm not short or a basher, very long, but color me frustrated. The Fib 50% retracement would be about 1.67, can't figure where the support is above that, I mean literally can't figure it.
TTommy, give it a break, Timorr is a relentlessly positive person. It's his opinion, he's entitled to it, nothing constructive is going to come from going down that road.
Well, technically speaking there can be no "wrong facts", amiright? This whole day of back and forth has been entertaining and informative, but I believe we are seeing a two track approach by Destiny to squelch any negative postings and that's both sad and well, sad. We have the one group vaguely threatening some sort of bogus legal action against those who express negative opinions, and then we have the goon squad out in full force calling people names and being personally insulting. It's a shame that Destiny has to stoop to this in lieu of a positive marketing campaign or release of some news of a positive development - there's little doubt that some of these trolls are pros.
MPE revenues have been in steady decline, that's undeniable, I suppose everyone's hoping that ship has been righted - again, Clipstream doesn't have to work on every individual's personal devices, it will be enough for commercial activity to commence and unfortunately there's no way to judge how that's going. I still think it can go either way, everyone has to find their own comfort level, there's no right and wrong.
Still at it with the name calling and complete lack of substance in your posts. Your anger is professional, your job is to discourage people from posting who have contrarian ideas. And you're a bore. When you get out into the real world, after college, you'll find that it's not such a binary place.
This is a very interesting post, there are two facets of the current situation that I would like to mention. First, I think Destiny should scuttle the retail version of Clipstream, asap. They're simply never going to get it to work on everyones' computers, taking into consideration age, condition, speed, etc., it might work for someone in Anywhere, USA and not for their friend who lives across town and it's probably futile to make that attempt. That being said, we don't need them - if it currently works for ad agencies, etc., who are using top of the line equipment and connections, who can process video and deliver to commercial clients, it might be of YouTube quality for them, now, and ready for immediate profits. If.... Also nervous about time-frame predictions of NASDAQ uplisting.
I would like if someone could explain how to reconcile the 200+% rise in DSNY this year with the Naked Short / Evil Entity theory of something trying desperately to hold the share price down. It would seem that they must be the Inspector Clouseau of that strategy, it's hard to image how they could have done a poorer job.
Hah! civility rules up North - which is why, no doubt, that clubbing people with sticks in ice hockey is the national pastime, eh?
ok, yes I have talked to Steve, both via e-mail and in person at 2 investor conferences (not in a formal private investors' meeting) - he's pretty open to talking about things and much less defensive than some of his supporters who post here. Why don't I sell? As I've mentioned, if Clipstream works as predicted, it can, to a large degree, democratize the video production / distribution industry and I'd like to be an owner of that process. In general, I'm talking mechanics, not theory, I can wait, I have basically a 3 year window, but there's no reason not to point out things that don't fit into a fantasy narrative.
I don't believe I've ever personally insulted you in a similar fashion as you've done to me, on more than one occasion and with very unpleasant PM's. Maybe you should re-think who's behaving childishly - if you ever want to dialogue on the issues, let me know, otherwise you might as well stay in your room and off the computer until your school vacation is over.
CCI, this is obviously a joke, right? First, everyone's e-mail gets hacked and is used for scam sales things, no way to prove who sent what using whatever e-mail. Second, are you kidding me? Third, Destiny gets me into court, I'm going to make them prove that the CEO didn't WILFULLY mislead investors as to Clipstream launch date, inducing them to make purchases which have subsequently lost almost 1/3 of their value. Fourth, seriously, this is what they're going to spend money on? Going after share holders who don't like management? Hah, Hah!