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Fortunately word has it that Steve is staying at a nearby local Motel 6 in order to save shareholders money.
Didn't you hear? Everyone who bought at least 5000 shares today gets a free 3 day stay at the place they are holding the conference tomorrow:
http://www.luxehotels.com/sunset
" Only bringing up politics in the context of the release of G2."
Sorry, not a good enough excuse. No politics on the board means NO POLITICS ON THE BOARD. PERIOD.
And to bring up probably the most controversial subject going on right now makes it even worse. Any number of people here could bring up any number of articles refuting what you said because so many of these things are not completely black or white and that is what leads to endless bickering. And in todays devisive atmosphere, NOBODY ever changes their position. So there is no point to it and it just distracts from what this message board is supposed to be for.
From The Vesta Trader Blog
Poised to Triple column:
READERS SHARE THEIR PICKS TO TRIPLE
The following is a great example of the sort of leads we are looking for. Describing a rising trend or compelling investor presentation is a great way to get the research ball rolling. We’ll be looking into this one to see if it’s Poised To Triple material. Thanks for the lead, Jack!
I think you should take a good look at Destiny Media (DSNY), a small media software company (market cap $115M) with a disruptive technology to be launched in October. It has no debt and is already profitable from its MPE software.
However, its breakthrough product, called Clipstream G2, will enable video in any format to be played on any platform. It will eliminate the need for transcoding and storing video content on servers.
At the Midwest Investor Conference, the CEO said they will launch Clipstream in mid-October and direct the first product at web software developers, 150,000 worldwide. At $100 charge per month, it’s a $180M market for DSNY (they all will want it — it’s cheap, convenient to use, secure, and produces high quality images).
Operating margins will be about 30% at first and then 60% when they get their own servers. DSNY has 52M shares. He mentioned several other products to be gradually released, but the elephant will be the Site Licenses. He plans to charge small companies in the 10s of thousands and large ones in the millions of dollars for Site Licenses (per year).
He mentioned $5 million per year for companies like Netflix, CNN, Google, YouTube. He said the operating margins would be “really high” (in an interview previously he said over 90% for site license).
The presentation can be found here: www.wsw.com/webcast/threepa11/
From: Mark Gomes, CEO
Please, no Politics.
There are message boards that are specifically for people who wish to complain about or praise a politician, a political party or specific policies.
If I want to hear about others opinions on these things or express my own, that is where I would go.
Nothing can RUIN a stock message board faster than it becoming a place for people to vent their political views.
I agree Dough.
But nowhere can I find anything where he actually said G2 was going to be released in September. Anyway, more important than the release date is the reception. If within a few weeks of introduction they are rapidly signing up clients, it will not have mattered if the release was in September, October or November. And like Steve has said you only have one chance to make a good first impression so I'd rather they be 110% ready to go when they do go.
It's always scary when a stock has a precipitous drop like DSNY did yesterday. Generally when that happens I try to use every tool at my disposal to try to find out why it is happening. If I can find no reason for it I treat it as an opportunity. Did that yesterday and got another 5000 at $1.74. So far so good.
Hi grubstake,
I did go check the CC again and Steve did say early Q1. By the way, I emailed him an apology and he responded with this:
"I think I might have said "Sept.quarter" which some people heard as "Sept.", but we were expecting to be done at the end of Nov. at the latest. It looks like we should come in mid Oct."
The nice thing is that after I rechecked the CC I brought up my streaming quotes and see that DSNY went from 1.84 to 2.08 while I was doing my research.
Think I'll go back and do some more research.LOL.
Testing what?
They had been testing it with 3 market research firms for the last few months and supposedly had worked out any existing bugs.
WE MIGHT HAVE MISUNDERSTOOD.
I think a possible reason for the drop in share price was disappointment that there was another delay in the launch of G2. It seems everyone here (including myself) thought ClipStream was supposed to have been launched in September. Then at last weeks investor conference Steve said it was coming out in mid-October.
With that in mind, I emailed Steve asking about the delay. He responded (promptly as usual) with this:
"I never thought G2 would be ready in Sept. Where do you get that idea from? There is no delay and everything is still on schedule (actually early). Where are you getting the Sept. date from?"
So I started checking Steve's recent statements from both the last earnings Conference Call and the Ted Ohashi interview. Nowhere did I find that he had stated a G2 launch for September. He said a couple of times that it would be launched in Q1. DSNY's Q1 covers Sept, Oct, & Nov. The only reference to September was that they were expecting to begin G2 PR starting then.
I am going to have to respond to Steve's question about the September launch. I intend to apologize unless someone can point to where he actually said G2 would launch in September. Anyone???
"No one buying at 202?"
Someone has an offer for 25,000 shares at $2.02. That has sort of triggered some buying at higher prices.
" I think I read from Van's other post that he does not usually look at biotechs"
Maybe not, but I know that both he & I were in Genetic Technology" (GENE) early on. I think he found it under $1 and I was more of a late comer at around $3. The sp leaped to $12 before a secondary, some uncertainty regarding court cases dealing with patentability of DNA, and some inner management battles ended up taking the bloom off the Rose. I ended up getting completely out at $4.20. Not sure when Van go out. Price today is about $2.25.
I don't consider it a bad pick, just one that didn't meet expectations because of a bunch of side issues.
"The reason you haven't heard from me is that I've been in Europe"
Yeah, OK, but one of these days that Europe IS going to get connected to the Internets.
" Any serious investor should of carefully listened to the CC and would clearly understand what is happening."
timorr, you are giving brooklyn far too much credit. He has never shown that he has the interest to "carefully listen" to what is actually going on, or even if he does, the ability to "understand what is happening."
Unfortunately he has now found one person who "agrees" with his message about how to promote G2. That must be a new DSNY follower who did not hear brooklyn rant & rave last summer about how Steve should have been spending millions of dollars on promotion and opening up regional sales offices to promote a product that didn't even work properly then. What a disaster that would have been.
NASDAQ INITIAL LISTING GUIDE
https://listingcenter.nasdaqomx.com/assets/initialguide.pdf
In the new interview
Steve explained the problems they had after the first prototype was released. How they got solved. Then the minor problems they had after the second release and how those are now solved.
He said: "We now have a ROCK SOLID engine."
In explaining Destiny's future potential, Steve sounded like the Fox who just got into the hen house.
This is link to latest video:http://www.investmentpitch.com/
You are quite welcome georedbird. I think stock message boards are a great place to share info and ideas including those about other stocks.
I too found DSNY thru the recommendation of another poster Einstock (same person as VanGorilla) on the GENE message board a couple of years ago. So I was able to start accumulating at .46.
So while GENE never panned out to our expectations, learning about DSNY was a terrific side benefit.
P.S. Hope you got out of KIDEQ in the .70's.
Listing Timeline
While it generally takes four to six weeks to process a listing application, this time frame is variable
and may be shortened considerably, if the application raises no issues and the company responds
quickly to Staff comments.
https://listingcenter.nasdaqomx.com/assets/initialguide.pdf
"Plaympe keeping its earnings minimal no matter what happens to G2 would be a real shame."
I totally agree. My only point was that if this is the worst MPE does, what a great foundation it is for DSNY growth in both MPE & G2.
"I've been watching from the sidelines"
The reason you have been watching from the sidelines is because you made a complete ass of yourself bashing the stock at .60, .70 &.80.
Now, someone should give any credibility to your latest opinion???
The only hot air spewing around here is coming from your computer.
BlueSky I think you are misjudging Pistolero.
I've looked back at his messages and he has not been spouting negativity. In fact he says that he went from a short term trader in the stock to a long term investor. You might want to cut him some slack
Anyway, whether or not revenues are up or down a few dollars this quarter is really fairly meaningless to the big picture. It's all about what happens from here on. If MPE continues to produce break-even revenues for the company or better, any significant deals from G2 will lead to whopping earnings and share price. That's what it is really all about.
"The decrease for the nine-month period is attributable to various terms reached in a renewed agreement with Universal Music Group (UMG). Amongst other things, the two-year renewal was restructured to reduce the amount that is considered chargeable usage and provides a global monthly committed usage rather than individual territory commitments. Further, revenue associated with UMG distributions of EMI content is now included under this agreement and also contributes to the reduction. This restructuring was necessary to facilitate the expansion of UMG's usage into new territories and facilitates a broader coverage in existing territories. Revenue associated with this agreement is currently at the monthly committed usage and should only increase in future periods."
"Could you clue me in as to why you feel the stock repurchase plan was stupid?"
If there is one thing that is irrefutable, it is that if brooklyn expresses an opinion about something, that opinion is RIGHT when he gives it, and it remains RIGHT no matter how WRONG all the facts show it to be in the future.
When the company announced the buyback, the share price was in free-fall. It had dropped precipitously from .90 to .60. That announcement stopped the drop in it's tracks. I believe that was one of the reasons for the announcement. That part of it surely succeeded. The great majority of the shares repurchased by the company were in the .60 area. Of course they are now worth more than twice that price. So that part of it was also successful. Finally, of the one million shares they announced they would buy back under .80, I think they only needed to buy back about 300,000. So they accomplished their goals with a minimum expenditure and did it profitably.
I guess e brooklyns definition of stupid must be announcing a plan, executing a plan, and having it succeed.
For brooklyns eyes only:
http://www.urbandictionary.com/define.php?term=pompous
"Don't know if this means anything... "
I think it means that Baker Bros., Jane Street, & Calpers just started buying because I just saw brooklyn out on the street trying to sell the "family jewels". Oooops, I mean the family art work.
Based on some of the things you say, sometimes I think that maybe your Lab must get on your computer and post messages under your name.
But then I think that can't be because Lab's are sweet & friendly and your messages often have an angriness or "chip on the shoulder" attitude behind them.
brooklyn,
Vangorilla is in the Hedge Fund industry. He knows a bit more about what is going on than you or I do. Rather than constantly taking a negative view of what he says, why not take advantage of the fact that we have someone on this board who might actually be able to help us make profits. Remember, while you were spouting your negativity and questioning the validity and integrity of DSNY's CEO back at .60, Vangorilla was simply saying have patience because this is a good investment.
Now we are almost double that price. Things might not always happen as fast as we would like, but it's usually wise to follow people who have proven themselves to be right.
" Highlighting one good pick is really meaningless in the scheme of things, everyone's got that."
I agree. However, I mentioned MITK because it is the only stock I had previously recommended on this board. Had you recommended MNKD here?
DD, you missed another big one.
FB with a PE of 522. But I guess there's no institutions in that one.
" Yes, MITK might soon match it's 52 week high, which will put it only down about 30% from 2011, good times!"
I really hate to say this, but another DUMB statement.
I didn't suggest you buy it in 2011, I recommended it in April when it was $5. The truth is that several of my friends (who actually respect my advice) bought MITK 6 months ago at $3 as I did.
"i'm glad you're the one who decides who should be investing in what."
Never said that, did I? However, the only other stock I recommended on this board was MITK. That was on April 29th when it was $5. Today it hit $7.70. You actually might want to listen to someone who recommends a stock that goes up 50% in a month and a half rather than just automatically being so defensive.
" I'm sure you'll be able to provide numerous examples of institutional ownership of stocks with this sort of p/e, so how about one?"
No, I can't provide that kind of information because I really don't care. The kind of funds or institutions that invest in a penny stock like DSNY are very limited and probably quite small. But I am sure there are some and they will be the ones who profit the most. But, that's really not what I was commenting about. I was talking about how meaningless PE is relative to this type of stock at this point whether it be for individuals or the kind of institutions who would take a stake in DSNY now.
"with a p/e currently about 60, I'd look for a large increase in reported earnings before a big jump up in share price"
I know you get very angry with me when I say that sometimes you make really dumb statements, but with this one you just did it again.
Anyone who makes a statement like that should not be investing in stocks like DSNY.
Also played them on IE9. Played great on that too.
Google Chrome.
Intel Pentium Processor G2020 (3M Cache, 2.9 GHz)
Just got a new Dell Desktop. All ClipStream videos play great on it. Previous problem of frequent hesitations for downgrading due to slow CPU are all gone.
"Has far as I’m concerned you will always be a BAGHOLDER"
As far as I'm concerned your hatred of DSNY and Steve has turned you into an absolute IDIOT.
"You’ve been one for so long it's entrenched in your soul!!"
Anyone with a soul could not be consumed by such hatred and should not be talking about other peoples souls.
"Hope you're smart enough to sel."
That's what you have been saying since DSNY was .60.
So I don't think you should be giving anyone buy & sell advice.
p.s. Have a nice weekend.