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A hedge isn't a 1:1 situation, usually more like 10:1. Many shareholders buy puts in the same stock to protect on the downside - a similar scenario can be effected with shorting. Agree completely with your last paragraph.
I still think it could be hedging by large shareholders because puts aren't available.
A few of you have sent me private messages, which, for the most part I appreciate, except for the insulting ones. I've tried to respond to almost all of them, but, for some reason, my outgoing private message thing doesn't work, so my messages aren't reaching you. So, if you want to correspond privately, send me a private message with your e-mail and we can do that - don't worry, I'm not too much of a scary freak in real life.
thank you, too
ah - ha, thanks
ok, I'm not trying to be adversarial, just trying to understand. The private placement didn't close, so how does that demonstrate proof for the current counterclaim, esp. the 11 year manipulation campaign, which occurred subsequently - the paper trail would seem to have ended at its outset, in 2000 or thereabouts. Sorry, I seem to be missing something and it's bugging me.
How are they going to prove intent? Unless one of his cronies will testify against him or there's a recording - both of which are doubtful - it's almost impossible, sort of like proving libel of a public figure here. The trial issue is a bit of a red herring, whether he launched an attack or just thought it's a bad company , the effect has been the same, a waste of Destiny's money chasing this one.
thanks for the info
Thanks for the background on this - what happened to the counterclaim? I can't find anything to show how this was adjudicated. What I've read so far is that an indisputably bad person, McDonald, denied all charges; I don't see anything to indicate that he was found guilty.
So, what happened to the counterclaim? I can't find anything to show how this was adjudicated. What I've read so far is that an indisputably bad person, McDonald, denied all charges; I don't see anything to indicate that he was found guilty.
I'm trying to understand this, too. I believe you've previously said that naked short sales aren't reported. If this is the case, how do you determine this guy had some massive short position?
In general, I don't have a high regard for the efficient market theory, but it seems to be in place with DSNY. It seems that the market is telling us that it's not sure Destiny can pull this off - they have the G2 and the MPE and all they have received is a collective shrug from the at-large investment community.
I'm not sure I've ever seen a place with so many rationalizations for poor performance. Sorry, but i'm very frustrated here.
Actually, it is. I don't believe in going by technicals alone, but they're worth consideration.
The way I chart this, at .67 or esp. .68, DSNY is a definite buy, at least for the short term. It's interesting to note, however, that every sharp downturn in the last 6 months has been accompanied by a marked increase in volume.
Thanks, much, I didn't realize that.
Folks, there is just no data to support the theory that there's been some sort of long-lasting short attack on DSNY. The charts show no substantial short positions whatsoever until June 2012. Additionally, these sort of attacks are almost always accompanied by well-placed, false rumors and journalistic hit pieces in publications like Seeking Alpha - of which we've seen none. The situation with Clipstream reminds me more and more of "The Gods Must Be Crazy". If you Google "simultaneous scientific discoveries" you'll see a whole literature that explains why I'm sweating Destiny's laid-back approach.
??? complete misread, my friend. I never said that the re-purchase was being done to hold share price down, I said that would be the effect (and it has been) You can disagree with me all day long, but don't try to censor, ok? (And tone the anger down a notch, too)
Thanks for the compliment (?), but I don't like banging my head against the wall. No marketing until re-purchase plan is complete, for sure, would love to know the progress on that. CEO is also the Marketing Dept, Investor Relations Dept and head of Tech, it's a little unsettling that he does, in fact, respond to e-mails so quickly.
Right, we don't want to question what Steve says, do we? It's clear you don't actually read the postings, just sort of skim them and make another response to justify your selections. So, you can't fault what I say, you just don't like my tone? That's a dubious way to avoid a serious discussion.
"Life is too short to be spending it bitching about a stock." Really? It strikes me as a harmless diversion.
Although people are resistant to change, I'm not sure we want to go down that path - people instantly bought telephones, iPhones, etc., electricity, sliced bread, indoor plumbing.... At any rate, this is not a consumer item, you only need a couple of hundred people in the world to sign on and we're all set. This whole experience of owning this stock is unsettling, I can't put my finger on it, exactly, but there seems to be some smell test here we're not passing.
Although people are resistant to change, I'm not sure we want to go down that path - people instantly bought telephones, iPhones, etc., electricity, sliced bread, indoor plumbing.... At any rate, this is not a consumer item, you only need a couple of hundred people in the world to sign on and we're all set. This whole experience of owning this stock is unsettling, I can't put my finger on it, exactly, but there seems to be some smell test here we're not passing.
I plead guilty, then, as accused. This is one of the biggest stories in video broadcast history (maybe), or, at least, very big. If I'm media, I'm breaking down the door to get the story, to be the first to get the story. Unless it doesn't work? It's been released, I can't understand what the issues are, I thought they weren't going to release it until everything was good.
I believe I predicted a while ago that the share price action would be disturbing during the buyback program, that the company wants to pay as little as possible for these shares, and I believe that's what's happening now. It's dawned on me that Destiny is not promoting the heck out of Clipstream exactly for this reason, while they accumulate. For example, see:
http://www.wired.com/playbook/2013/02/ff-grand-master-susan-polgar-chess/
This from a recent Wired Magazine. Does anyone think that an invention that will revolutionize the way video is delivered is less important than this and that Clipstream can't rate a mention here?
The company is clearly not doing the share holders any favors, despite the rhetoric.
I thought Clipstream was better too - more saturated colors
I thought Clipstream was better too - more saturated colors
I thought Clipstream was better too - more saturated colors
"Jump" is a terrible demo - no scene lasts more than a second or two so it's impossible to tell if there's any choppiness. "Guido" however has longer scenes and works fine on my MacPro. I can't understand why posters are writing that the quality is not good - granted, I watched on a 23" screen, but still, looks good to me.
This company's reticence to publicize Clipstream is marketing malpractice. I cannot see this as a workable strategy, very disappointing.
smart of you, but I didn't / don't want to trade it, just sitting back (and complaining) and waiting for eventual escalation, but I"m old and don't want too eventual of an escalation.
no, as it was going up I actually increased my buying because I thought DSNY had finally "arrived" and we were going up more and fast.
Well put, and what ever happened to the whole "buy the rumor, sell the news" thing, I was expecting a big run-up sometime in the past 6 months or so.
Except that the entire net this year is going to buy back shares, so where does that leave us without additional contracts.
I hope you are right, I'm (obviously) frustrated. Any other stock that performs like this I would sell, it's Clipstream's potential that keeps me on board, DSNY seems so manipulated at this point.
Reality check, here - Clipstream might be a great product, and Destiny a great company and Steve a great guy, but, for whatever reason, DSNY seems to be a crap stock. I'm not selling (yet), but, seriously, this is dead money.
sorry, my mistake on that one
I think there was another buy about a year before the 2M you refer to. The new total will be 4M
This is partially what I've been complaining about re: the stock buyback. Destiny could have used a big time marketing firm and an Investor Relations Dept and decided to spend the money elsewhere. The whole CEO taking investors calls thing is a little too mom and pop-ish for me.
True on the earnings, I just can't shake my belief that some pre-release marketing would have made a difference. Well, that ship's sailed.