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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!
I respect your experience, I even respect your presumption of teaching me something, but much more importantly it all has nothing to do with market cap currently below 100M, possibly endangering NASDAQ experience.
1) you're splitting hairs, call a drop from 2.90 to 1.90, about 1/3, in a few weeks whatever you'd like, the important thing is that market cap is below 100M which endangers the uplist
2) agree
3) agree
4)agree
I'll stick up for Mercedes, she's true blue. Just because Destiny applied for uplisting already doesn't, in fact, mean they actually will be uplisted first. Especially considering the recent free-fall of stock price.
Right, both the Lord and Steve V work in mysterious ways. At the investors' conference last Sept, he said Destiny was going to start spending 15k per month on marketing beginning in November and at the conference the year before he said that one of his highest priorities was making NASDAQ. I don't see either goal as having been achieved, I just hope he has a plan up his sleeve - from the outside it's very difficult to determine what's going on, I wonder why there's been no attempt to support share price.
I have to disagree about generic p.r., it wouldn't hurt to get some brand recognition even based on the MPE business and get at least the retail investors wanting to buy.
Also, I have plenty of shares, not trying to scare anyone into selling me theirs, cheaply.
CCI, this is a time of frayed nerves, rendered by the mysteriously sharp decline in DSNY share price, and people are saying things that maybe would be better left unsaid. For the most part, everyone who posts here has good intentions - even ANYDAYNOW is more of a caricature of a basher, more of comic relief than anything else, pro bashers are much more subtle
People have to understand that in the U.S., largely because of the First Amendment, slander and libel have been very narrowly defined. Criticism of a company's management team is neither, lies about someone's personal behavior or motivation may be.
go back and read the post cited from 11/14. I said the promo video was tantamount to a pump job versus a real news report, in response to someone who thought it was a real news story. If Steve comes after me for that you should be worried about how Destiny's resources are being used. why don't you demonstrate a correlation between anything I've posted and share price movement? you can't, stick with pumping.
on the one hand, hah! on the other hand, I challenge you to source one bad thing I ever said about Clipstream Destiny management, yes, Clipstream, never. on the third hand, don't you have anything better to do?
I doubt that anyone who's made even close to a fortune in the stock market bothers to post on iHub. Anyway, glad you can get some happiness out of the misfortune of others.
Three quick points:
1) congrats to all share holders - I've said before that Clipstream might be the most important development in video broadcast history since the advent of cable tv, and I stand by that.
2) I think the announcement yesterday of launch and attendant spike in share price should finally and thankfully put the last nail in the coffin of the evil entity / boogeyman / death spiral financing theory. It was a bet on the credibility of the time line and once that was established there was no holding the price down.
3) Lastly, thanks to all of my fellow good cop / bad cop participants and you know who you are. We'll never know what role we played in the timing and style of the rollout, but I like to think it was worth facing the public opprobrium, someone had to do it.
Well, one obvious problem is an over-promising, under-delivering CEO. You have to ask yourself why you should believe him when he says the launch will be next week, when, at the end of September he was on record saying the launch would be mid-October. I think the market may be displaying skepticism about this latest timeline. On the other hand, supposedly there's another web-site ready to go as soon as the launch is official, when Amazon takes over the serving.
I think you've missed the point, the shorts are already out of the woodwork, by that theory. Personally, I don't find myself smart enough to determine another's motives or goals, so my hat's off to you that you believe you are.
Well, Timorr, you might be seeing the result of steadily over-promising and under-delivering, maybe not. Do whatever's comfortable for you and have a good Holiday.
That's about my strategy at this point, if it goes down to 1.80 I'm going to take profits and wait for a bottom. If that is the bottom, I'll start buying back in around 2, when I can be sure there's some good momentum upwards. I'm afraid some people here would be making excuses all the way back down to a dollar. At this point, only the Good Lord might know the reason for these price moves and even He might be out of the loop. I don't understand the people who are saying that the technicals look good - it's way below the 50% retracement, it's way below 61%.
I appreciate the effort you made to explain naked short selling to me earlier. That being said, is there any proof whatsoever of your points #2-4? It seems like you're almost trying to fit the facts into a pre-determined scenario
I agree with you - this is a massive bet, in the form of profit taking, against the credibility of the timeline laid out by the CEO. The supposedly naked shorts would be down maybe 1.50 a share at most, they could cover, take their losses, go long and make a lot more, if Clipstream is all that. Even if they can deny Destiny's uplisting at this point the company can try again in the near future.
It's also troubling that the MPE revenues have been in steady decline for three years, someone seems to be negotiating poorly with the major labels or there's just not that much money in the digital watermarking of musical files. The company, at this point, has to prove itself to investors at the next level, which it really hasn't done.
ok, thank you, too, just one last question. If Destiny did a reverse split, would all of the parties have to reveal all of their holdings, short and long, naked or not? Could that be a solution as, say, a minimum deal, 1:1.25 if that's possible?