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Paul, I wouldn't attempt the pro poker circuit if I were you.
Thank you - someone's got to do it and, from the looks of it, there are a few of us. Should AAPL investors have been happy when the share price was $40 if they had bought at $19? Of course, but should they have had expectations of greater things? That's the space we're tussling over - the achievement of greater things. There are many paths to enlightenment.
of course not, but the main point is the unclear determination of what upfront costs are remaining, i.e., legal, marketing, hiring, etc. and the allocation of finite funds - when Destiny is a $B company the share price will be fine regardless of the 2% (max) pump you wouldn't have gotten if there had been no repurchase.
just one more thing re: the regional sales offices. I was repeating what Steve said at last years NYC investors conference, it was not my idea.
C.C.I. - brilliant, what can I say when a bigger brain demonstrates its prowess? p.s - the share buyback was wrong then and is still wrong, unless you can tell us what the upcoming expenses will be and assure us that the cash will be there - this ain't Apple with a few extra $B in the bank. And the extra money that's needed for the NASDAQ uplisting? Get the product to market and the share price will take care of itself.
irrelevant, your honor! those other message boards may have different, or no rules. The Yahoo boards go off onto all sorts of tangents, almost none of them worthwhile
then you allow politics and all sorts of other useless stuff in. the fact that you found Van this way hardly justifies codifying it.
I've had off-topic messages deleted, too, it's the convention and I respect it. If you don't like it, you're free to announce your picks elsewhere. Remember how you tell your kids that rules apply to everyone?
could be true, the CEO's promise of updated demos notwithstanding. So, what's the market, then? It will be fine for iPhone & tablet quality, laptop probably pretty good, too, not for the large flat-panel crowd, though. I've always been bothered by the demos in that they cut away from scene to scene so quickly that you can't get a good read on the quality as you would if they held a scene for a bit, they were very jumpy by nature - with the exception of the Guido demo, which was slightly better in this regard. Well, the die has been cast.
come on, this is pretty lame -
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according to my notes, at the recent meeting in NYC, Steve V said the videos were to be updated in about 3 weeks, so that should be soon.
If the Sabby warrants expire in January, maybe the thing is to try to squeeze them, they're going to get increasingly desperate to sell as the deadline approaches, prices might get very interesting.
Bingo, thanks, I was wondering if they had an expiration date.
That is simply not my experience with Sabby - I currently own a few stocks that they have quite large stakes in and I've seen no quick profit taking, they seem to be in it for the long haul. Can you provide a link or other evidence for your assertion? Thanks
Agreed - maybe you can clue me in on something. I believe, although I've been distracted lately and may be misinformed, that the CEO mentioned a 30/60/90 day time frame of an "overhang" to indicate when this bulk selling would end. I'm not sure how he would know that, any ideas?
These are exactly the reasons why it makes no sense for Sabby to be selling now. Do you believe they aren't aware of all this? They would be hard pressed to make this kind of profit elsewhere, so, again, why would they be selling? It's not their standard m.o., if you know them - I can't understand how all of you on the one hand convince yourselves of the profit potential here (with which I agree) and then in the next breath claim that somehow Sabby needs to cash in now while ignoring the big picture, they didn't get rich by being short sighted.
ok, thanks, I get what you're saying, but what't their motivation? they get a free double now, sure, but with all of the good news and profit potential, why would they sell and settle for a double, when expectations are so high? do they need the cash? I'm sorry, it's probably me, but I don't see how this adds up.
So Sabby is trying to hold the price down so that they can sell shares for less than they would otherwise cost? Do I have that right?
I still don't get it - I own shares of biotechs in which Sabby owns millions of shares, cumulatively, and find no other cases of them selling cheap to cash in. Why only XXII, or are there other examples, too, do they have a reputation for doing this sort of thing?
Or how about MicrosoftMark or GoogleMark?
one more annoying comment for early on a Saturday morning, then I'll give it a rest - how is it logically consistent for Destiny / Steve to maintain that they were trying to / had to hold down the costs of Clipstream development (which most likely led to delays), while at the same time allocating $1M cash for a stock repurchase plan? Wouldn't that have paid for a couple of crackerjack developers / marketers for a little while? The point is to deliver the product, the share price will take care of itself
one more annoying comment for early on a Saturday morning, then I'll give it a rest - how is it logically consistent for Destiny / Steve to maintain that they were trying to / had to hold down the costs of Clipstream development (which most likely led to delays), while at the same time allocating $1M cash for a stock repurchase plan? Wouldn't that have paid for a couple of crackerjack developers / marketers for a little while? The point is to deliver the product, the share price will take care of itself
so it's ok to hoodwink (maybe too strong a word) investors to maintain internal esprit de corps? I dunno. One other thing about the notion that Destiny has the only "key", that there's only one way to solve the cross-platform problem. The Higgs boson was undiscovered until last year, when it was discovered. This "key" is the only one until there's another - I would be willing to bet that with the stakes involved there is at least one large company throwing big bucks at this problem, searching for another path asap. There's another old adage in the software development business, "penny wise, pound foolish."
I think that the elimination of transcoding will be literally the biggest thing in video distribution since the advent of cable tv, it will democratize the process and change both the video production and consumption worlds. Time to get this baby launched, I hear footsteps.
you provide a (really) good analysis and a reasonable conclusion, the question that comes to mind is why does Steve V seem not to grasp this? Creating expectations that can't be met is not an investor friendly activity
all true, thanks for keeping it in perspective
no, not a lie at all. just a lot of confusion on their end. stock action today may be a reflection
that's my point - Steve goes around announcing a certain date and then it's almost immediately postponed, which makes him look a little disorganized and impresses investors in the wrong way - bad optics. would have been much better to say something like end of the year and then launch early.
I remember the investors conference in NYC last summer when he said Clipstream would launch last fall. It's hard to tell if he's stringing people along to pump share price or if he's not completely connected to the process, or whatever, but at any rate it's not a good strategy.
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so why does the CEO go around to investor conferences telling people it will be launched in mid-October, like he did last week? I simply don't understand his m.o., not that anyone is that concerned about my understanding. but it does sort of make him appear a little disconnected.
I respect the convention and accept your admonishment. Otherwise we'll be subject to ongoing ill-informed political opinions.
Hmm, an odd thing to scrub, maybe someone's afraid of some sort of privacy violation? I asked because I'm (still) interested in understanding the relation of the time frames of various expectations which can partially be explained by age. Also, the frames of reference, if people, in general, have been "around the block" or are relative novices.
there's not much doubt that Steve has trouble delegating responsibility. we'll see how much of a liability this becomes.
and that's the least renumerative part of the whole thing with annual revenue expected to be about 180M, whereas the advertising may generate up to 1B, as might the site licenses, but, again, not for a while
notes from the C-H conference:
application in for NASDAQ listing (from a conversation pre-conference) - closing below $2 for that day or two shouldn't matter
1st product - Clipstream for web developers will be launched by end of November for sure, hopefully in October
2nd product - for site licenses will be about next May
3rd product - for advertising next September
other products will be released over the course of the next year depending on demand.
new website demos up in the next 2 or 3 weeks
patents were applied for in 2011 - usually takes about 5 years for the process
MPE - new market revenues should jump after Christmas
maketing will be ramped up also after Christmas
http://www.cnbc.com/id/42212417
just sayin'
a popular misconception - check out NBS, for example
I own other stocks with Sabby and have no experience with them selling at below maximum profit potential. why does everyone always blame price declines on Sabby? really, just curious why do they need to get out at bargain basement prices?
almost every stock board on iHub has a group of fans of that particular stock who maintain that a deal or partnership will be announced or a product will be launched next month and the stock will zoom up. believe stuff like that at your own peril - nothing is for sure in this territory.
Van, I apologize for this belated response, but yes, I am a subscriber to HTFBS.
I think, as a long, that you gotta love it when the "it's a scam" guys show up.