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.

me too, I was at the one last year in NYC, also - very interested in what's going to be said. I don't think it can move share price at this point, but am listening for his plans about NASDAQ and launch, especially.

Have you registered, yet? It's a bit tricky - see you there

you both make good points, thanks for the clarifications.

of course, good points, I didn't realize the brokerages gave the personal info to the companies.

ok, thanks for the post, it's a minor point, for sure, just can't see how he could know - idle curiosity

Timorr, although this is not allowed, I have a question about something else for you, anyway. I noticed you wrote that XXII has only 800 shareholders and am wondering how they could determine that. Thanks in advance.

which I am, also. registered to attend the conference in NYC next week, I can report on anything significant that I hear, as long as everyone promises to believe me.

then, let 'er fill, I can use the excitement.

well, you could be right (except for the anhedonic part), I'm curious, therefore, what you see moving the price in the interim. volume has been so anemic lately just doesn't seem like the big boys, ( my son has been successfully swing trading it) - but, as they say around my house, what do I know?

buying interest does seem to be weak. I think there are a lot of day traders on board now - almost everyday, lately, it goes up early, then retreats. if Clipstream is launched on time, there's still probably 4 or 6 weeks minimum until contracts are announced, so there's no real catalyst for upward movement at this time.

right, but on second look it was, unfortunately from about 2009-2011

sorry, outdated link

not market the product, Clipstream, specifically, build the company's brand, market the company