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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.
Of course he cares, his perspective is just different than ours. Where I'm down 10% in one account, he's up 50% at the same price.
He got them at a steep discount, he's already in serious profit.
agreed - you'd like to think he'd be too busy for IR.
Hmm, as in the company is trying to buy its 1M shares as cheaply as possible? This is a highly manipulated stock, and for those who hanker for a near-term NASDQ listing, remember that a reverse split is not out of the question. I wonder if anyone asked about this at the meeting.
Can someone explain this to me (again) - I'm looking at Bid:75, Ask:73, Last .73. How can the Ask be less than the Bid?
I believe he was referring to the end of 2012
i'm not understanding the $6 standard. Please see:
http://finance.yahoo.com/q/mh?s=APPA+Major+Holders
I agree, it is confounding that with the upside potential here, people are willing to pay .753 but not .76 or (much) more, even at this point.
That is the (multi) million dollar question and why I've been yapping so much about marketing.
It's usually based on 3 - 5 years of returns. Very hard to tell exactly how much is being spent on transcoding with privately held companies, etc., plus Clipstream will never get 100% of that business. I'm betting on 40 - 80 per share, ultimately, if all goes well.
thanks
clipstream vs. telestream - I'm not a tech person, so could someone please explain how clipstream is different than this:
http://www.telestream.net (Vantage 4.0)
Honestly, I forget, but it was about .40 then, so whenever that was. I'm always reading about micro-caps, so probably ran across it that way and became increasingly excited about Clipstream's potential, I'm not sure I even knew about MPE until later on.
Hey, I have children so I'm used to being wrong, hope I am here, too.
ok, I would like to already see something out there about Destiny. The MPE story itself is worthy of publicity as a stand alone situation. That's the first thing, to begin building name recognition, that this is a small company with big accomplishments, ideas, etc.. What are they up to next? This would definitely support share price and with the patents in place there's no downside.
Then, the Clipstream situation. As I pointed out, Van is alone doing a great job of building up anticipation and I think the company should be also. That is the disconnect I find troubling, if the launch is coming soon. There's no secret here, if you've tried it on your machines, then you can be sure that the "playahs" on Wall Street and the tech world have, too. So, everyone knows about it, its awesome potential can change the very media landscape, launch is imminent, why the total silence about it from the company? That's what I can't figure - I don't believe that if you build a better mousetrap the world will beat a path to your door, you have to market the heck out of that mousetrap in today's world. And pre-launch buzz could be an integral part of a marketing campaign.
What bothered me about the most recent share buy back is that I don't see enough cash on hand for a major ad campaign and for the litigation that will definitely arise from companies trying to get around the patents or some Malaysian company bootlegging it, etc.
Sons, we clearly got off on the wrong foot. Let's be friends, it's easier that way. I am long - but let's look at it from your point of view for a minute. Clipstream might work as hoped for or might not. If it completely fails, DSNY will still probably never go below .50 per share because of increasing MPE revenues. If it succeeds, it could go to, well I predicted $40.00. So why would I take a position of maximum gain of .25 versus one where I could make 39.25, or whatever?
I'm not a techie by a long shot, don't know that end, all of my doubts about the company have assumed that Clipstream will succeed, but that the marketing end is not being handled expertly so potential may not be maximized. And I did go the the conference and have proof. And I don't particularly like poker, my point being that you completely mis-analyzed my position.
When you can't argue the point, attack the person - I would love to get you in a poker game. Just curious, do people speak slowly when addressing you?
So, the question remains, why are you the only one trying to create a buzz around this launch. Where's the company? We heard for months prior to the roll outs of the iPad Mini, Windows 8, even the new version of Madden NFL, Roku, for a very few examples. I seriously don't get this, especially if launch is imminent.
Maybe, but, you know, if I had 1,000,000 shares I'd probably go short 100,000, just to be on the safe side.
I honestly don't get the short numbers. If you look back to last May, there were about 6000 short, then 6 weeks later about 600,000. No bad news announced, no apparent correlation with share price. Seems like just a hedging thing for large shareholders with puts not available.
$40 per share, if it's all that and handled well. minimum
obviously, you didn't understand, an assumption is not a rule. some do succeed from the bottom up, some don't, again, you can't assume one will, and to put your faith into that assumption is sketchy. p.s. - bought KERX at 1.50, sold at 9, ARNA at 2, sold at 8, so good thinking, bud, drop the snotty act, why doncha.
you completely missed the point. again.
One more try, then I give up. It's true that Destiny makes a profit currently in the music business. But put it in perspective - Taylor Swift made more last year. So to assume that the management of a miniscule player in the music industry has the necessities to manage a revolutionary media landscape changer is a huge leap of faith. I haven't seen proof of it yet - I say, bring in an experienced big media manager and let's get this party started.
And read up some time on the difficulties that AG Bell had in "launching" the telephone. The telephone! And he had rock solid patents, too, and was challenged in court 60 times by people / groups that claimed that they had invented it.
Well, I'm not selling, in too deep, but here's an imperfect analogy. Anyone who follows sports knows that every year there's someone coming out of high school / college / the minor leagues who is the complete package, a can't miss stud. Then they get to the big leagues, and for whatever reason, crap out, i.e., Tebow, Brien Taylor, Anna K, Ryan Leaf, etc, etc. That's what I'm afraid of with Destiny.
I would provide a link if there was one. He said it at the NYC investors conference of a few months ago. If you don't believe me, there were about 25 others there who heard it as well. I disagree about the number of Wall Streeters who are aware of Clipstream - it seems like there are many making significant dollars whose job is to know about this stuff.
With all respect, Main Street doesn't need to know about this, it's not a retail product. And Wall Street already knows about it. The product is revolutionary, no doubt about it, a game changer, but the company is really raising doubts, I think, in its handling. The CEO, for example, said six months ago that they were going to open regional sales offices to deal with ad agencies (which, I think, will be Clipstream's biggest impact) and I don't think any have opened. They just can't launch G2 with no support and expect it to start raining money. And that one ad, with the amateurish looking logo, come on.
who is the "we" who believes? I see it's in quotes but can't identify the source.
In retrospect (hindsight), it seems that the timing of the share buyback announcement was telling us two things: that the quarterly report wouldn't be great, so shares could be had less expensively and that the launch of Clipstream was being delayed and so that cash wouldn't be needed right away.
If you disagree with me, spare the insulting language, you only make yourselves look bad (and resemble paid posters).
Sorry, but you should read their last annual financials re: USD, EUR & CAD. Plus, CAD has weakened.
"Quarterly total revenue for the three months ended November 30, 2012 declined by approximately 6% over the same period in the prior year to $1,017,713 (November 30, 2011 - $1,087,459). This decrease was largely attributable to unfavorable foreign exchange rate fluctuations between the US dollar and the Euro."
EUR and USD income is converted back into CAD by Destiny. CAD has weakened over the last quarter in relation to both EUR and USD so I don't understand this. Why would they be converting EUR into USD or vice versa?
Do adults use the term "LOL"? Just curious.
Actually, I said it would improve the share price in the long run, but would be ugly in the short run, which is exactly what is happening. I've been against the buyback because the CEO said that he wanted to open regional sales offices to deal with ad agencies and spend a lot more on public relations / advertising and I also think that's important and don't see where the cash is coming from.
Honestly, I believe you've missed the point of almost everything I've posted. First, we know that with the Euro getting stronger, even with no increase in sales in anything, profits will go up. Second, the share buyback apparently equals the approximate number of warrants exercised last year, which is why I asked if anyone could tell what quantity of warrants is outstanding. Few on this board are as happy as I am with movement upward.
I'm wondering if anyone can answer these two questions:
What percentage of Destiny's Euro & American dollar income is re-patrioted as Canadian dollars?
and:
Are there still warrants outstanding on how much DSNY stock?
Thanks
They will be suing other companies that attempt copycat products or try a run around their patents, doesn't that happen all of the time? Just an example of not having money set aside for possibly unforeseen contingencies. What about the 3 stock buyback portion of my "statement?" Does that not make any sense, too?