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From 10Q quarterly Report 01/16/2018
Clipstream®
The Company also has a legacy business, Clipstream®, in the online video industry for which it is pursuing strategic alternatives. The Clipstream® Online Video Platform (OVP) is a self-service system, for encoding, hosting and reporting on video playback which can be embedded in third party websites or emails. Playback is currently through the Company’s proprietary JavaScript codec engine, which is only available on the internet through the Company. The unique software based approach to rendering video, is protected by over two dozen patents claiming initial priority to 2011 [ NTD: Does this need to be updated? ]. This product is marketed in a limited way and has incidental revenues.
In November 2017, after completing a detailed review of the resources required to progress Clipstream® further, the Company transitioned the product to maintenance only and stopped development of new major features. Business development will focus on identifying strategic alternatives for the product, business, and intellectual property outside the Company.
https://ih.advfn.com/p.php?pid=nmona&article=76484584
It’s a fund or investor which bought not a director!
You are right I don’t know the value of if Clipstream has value, pretty sure we will find out someday.
If you have the financial and technical resources you might see the value to do the last mile....or not.
If you get a sandwich with salami and cheese ore one with lobster depends on the value of Clipstream
Again, what I the fair value of Clipstream ???
Is always just one statement....correct...but if you act in this described way it tells you a lot about the motivation or better what this person wants to do in the future and what not
Not sure but I think somewhen they said that th two biggest independent shareholders are now in the board...with the election of the new directors. I don’t think/hope they trade on insider information but it is quite common as a big shareholder to put somebody into board to drive YOUR strategy in the company and the most interest are having the fund of Cho who is in the board and Gräber who invested quite some money.
I mean their interest is to increase the value of their shares and if they recognize that selling Clipstream is the fastest way then they will try to do so and move on.
Again all IMHO
I think he didn`t want to get kicked out of his founded company....but it`s a fact that he is kicked out.
His claim about his dismissal is about "how much Money he will get". as a package.
If they sell Clipstream for 30 mio and pay this Money back to shareholders as a dividend then he will get a nice package.
For what reason did he start another Business and opend a bar/Cafe/Restaurant...whatever ??
I agree with actual Management that 100% of your concentration in business as a CEO should be on the Company you are leading, and not on the new opned bar.
All IMHO
I did not forget as I am a long term investor and believed into Clipstream, however it is Management which put Clipstream on hold, no more developments, if so value for Clipstream will go down week by week.
If you can`t market the product because it`s not ready and you are not willing to invest more or not capable due to human or Money resources to do the last mile then better to sell to somebody who can see the value (IF their is value).
Me too do not want to see anything stolen but what is the value of Clipstream ??
1 mio ?
10 mio ?
100mio ?
Just put it on hold is detroying OUR value, value will go down week by week.
As a shareholder I have to acknowledge that the stock market values Clipstream more or less with Zero. This is dead Money for all sharholders.
The nine Million market cap is coming more or less ONLY from PlayMPE where the do roughly 3.5 mio in Revenue.
I don`t think he is buying on hope springs eternal.
I think but don`t know that Jay Graber is a relative to Mark A Graber, together both funds try to capture the value of DSNY, the only way for both funds to get out without losses.
VANCOUVER, March 1, 2017 - Destiny Media Technologies Inc. (the “Company”) (TSXV: DSY) (OTCQX: DSNY) announces that at its annual general meeting (the “Meeting”) the shareholders re-elected Steve Vestergaard and elected nominees Hyonmyong Cho and S. Jay Graber to the board of directors of the Company. Both Mr. Cho and Mr. Graber are expected to be named to the Company’s audit committee.
Mr. Cho is currently a managing member of Greenlaw International Management Company LLC which manages Greenlaw International LP, a fund which invests in microcap stocks. From 2002 to 2008, Mr. Cho was a Managing Director of Forum Partners which managed several real estate private equity funds in Europe and Asia. At Forum Partners, Mr. Cho managed a worldwide team tasked with private equity deal structuring, analysis and negotiation. Prior to Forum Partners, Mr. Cho was a senior associate at Nassau Capital, whose only limited partner was Princeton University, and he was responsible for the due diligence, negotiation, documentation and monitoring of private equity transactions. Prior to that, Mr. Cho was a partner in Novalis Ventures, a venture capital fund focused on early stage investments in the real estate industry. Before that, Mr. Cho was a Vice President at Cahill, Warnock & Company, a private equity firm focused on making direct investments in micro-cap public companies. Mr. Cho began his career as a financial analyst for Alex Brown & Sons, Inc. in the mergers and acquisitions, real estate and health care groups. Mr. Cho was a Morehead Scholar at the University of North Carolina, graduating with a B.A. in English Literature.
Mr. Graber [/b]recently retired as VP of Business Development from Apex Software LLC., a privately-owned developer of building drawing and area calculation software for jurisdictional mass appraisal at the municipal, county, province and statewide level as well as for the real estate mortgage appraisal industry. Mr. Graber continues to serve on various committees for the International Association of Assessing Officers (IAAO) as he remains a business partner in Apex. Prior to 20 years in the software/technology arena, Mr. Graber worked in direct sales / sales management for various manufacturing entities including automotive and decorative lighting, plastic extrusion, art glass and architectural flooring. Mr. Graber earned a BS degree in both Business Management and in Psychology from Eastern Mennonite College (now EMU).
The Company also reports that Haig Bagerdjian, decided not to stand for re-election at the Meeting for personal reasons. The Company thanks Mr. Bagerdjian for the services he provided as a director and wish him all the best in his future endeavors.
All IMHO
Mark A. Graber added 450.000 Shares in the past several weeks
He owns now 9.1%
"Effective immediately, Clipstream® business and technical development will be transitioned to maintenance and support only. At this time, the company believes Clipstream® requires a substantial investment to continue to develop as a technology and as a business. [b]Consequently, the company is reviewing strategic alternatives to capture the value of Clipstream®, its surrounding intellectual property and business, for its shareholders. "
To make it clear I am not very optimistic about this strategy shift as for my understanding still I don`t see a big market for PlayMPE, market as it is today seems to be to small tough it`s pofitable.
The only short term solution for us shareholders to raise value in short/medium time is selling the Clipstream Technology and patents IF it has any value.
If they are able to sell Clipsream for 25 mio $ then it`s roughly 50 Cent a share.
If not so I can`t see at this Point any more value as existing market cap which is around 2.5 times of their Revenue.
So the question is why is Mark A. Graber adding Shares ???
And I would not wonder if the fund of our other independent director is buying Shares at the moment as well.
At the beginning Anthfarm even called it Clipstream, they used the analytics graphics from Clipstream.
Do now it’s a different technology.....believe whatever you want.
Is DSNY wants to pull out the value of Clipstream tand don’t go on developing because they can’t do it, so there are two ways
1. Stip everything, shut it down.
2. sell Clipstream technology and patents, value I don’t know but a big tech company with resources might be able and recognize the value
Hi much is the fish ?
That’s the question, means how much do they get for selling Clipstream technology and PATENTS!
Hmmmm
The highest volume of the year is happening ont the slowest time for trading in a year.
And no pricemovement.
If they find somebody who will buy Clipstream, then they will sell and we will know the value.
As said from my point of view it’s a mistake to stop Clipstream and disappointing, somwhen it will pop And Iwill be gone
The problem is that there is no rara....nothing, what I can see is only cutting cost make organization lean....that’s nice but this is a company which is doing less then 4 mio revenue yearly.
They need to show HOW they wan to increase the revenue „rapidly“
And without Clipstream I don’t see this, in my opinion and to my knowledge they might do 10 mio somewhen IF they are successful.
They claim to be dominant in US market and do how much revenue in th US ????
One analyst raised questions I doubt there is still any analyst in the next CC in January
He raised the right questions about a public company.
Only one positive thing IF they sell Clipstream and how much they will get for it 1, 10, 100 mio???
Or simply nothing because their is no proof for business in Clipstream
That’s it for me so far.
I look here and see one announcement and therefore 5 posts ...repeating... we
3 percent revenue growth...we
Seems to be enthusiastic news
That’s what I call disappointing
For me this is disapointing !!!
You come to Anthfarm, search for the product Antennae, video - streaming and hosting platform
You're should google
Clipstream South Africa
Clipstream Germany
When I use IPHONE It's crystal clear, no difference to other streaming offer.
When I use Notebook with Edge or Firefox or Chrome also crystal clear and no difference to other streaming offer even better also sound better.
When I use Notebook with Internet Explorer IE it offers a worser quality then competition.
IE is more or less outdated ... shouldn't be a issue any more.
Now where is the "go to market " strategy??
That's my question!
Well apart from this discussion here I would say it's positive that one of the new Directors bought 60k shares on the open market, so I guess he will buy more to reach 100k.
My expectation would be that Director 2 ...Mr.Graber...also will buy 100k on the open market as well a our new CEO...this would give your Investors much more confidence then as of today.
I don't think we are toast.
They won't answer, it has been new Clipstream you could see that it was same wording as well as their uploading graphics was exactly same DSNY is using.
For whatever reason it appears that a few hours later this site Is now password protected. So I guess it was somehow an internal trial and somebody from DSNY contacted them after they read on this board to remove it.
Exactly the same happend last year with Wurl also after a few hours it was password protected.
UPS what coincidence.
So I mailed Fred two days ago and asked why it was removed but up to now no reply as I guess that THEY read this board I still expect any reply on this from Destiny Media.
@rollup, I am astonished about exactly the same.
99% it is Clipstream, if you compare thi clipstream site the upoading graphic you can recognice same graphics.
http://clipstream.com/
http://www.antfarm.co.za/products/video-streaming/clipstream
I mean the white arrow in the blue cloud
Not sure yet, but IF so then it`s really a promising development.
Incredible volume the past several days again, maybe mgt should consider to buy some shares in the open market before they get too expensive. The window should be open now and after granting options they could send a signal as well as the fund of one of our directors and the Gräber financing could buy some shares on the open market.
Partnering with any social media Network (i.e. Whatsapp but smaller) for uploading private Video (security of privacy)could work, and in this cases HD Quality is not really needed plus social media could ask for a premium to build in the security for privacy (mark up.
This Company could safe bandwith and transcoding cost while earning Money with the security.
something in this direction I would like to see because this could be a door opener for getting technical support too.
Most likely they will start with anyting in music imho.
Anyway still on my IPhone it is HD Quality here I am realy impressed and doesn`t matter with wifi or LTE.
Brock, UMG contract is NOT unsolved, they have a contract till end of 2017 that's my understanding. That means that DSNY will have time till the end of this year to negotiate again a 2 years contract, which is imho the most likely scenario apart from if they can increase price per send or not.
Also I don't understand that anybody just writes they might lose UMG contract, quite the opposite is more likely as PlayMpe is integrated into UMG reporting but also DSNY built together a worldwide network whit the Radio stations and if you watch The send statistics you will recognize that more and more countries getting online especially from Universal.
From outside company view this thinking about loosing UMG contract is completely misleading.
Thanks
why, for what reason ?
I think it`s the best to wait till Monday CC and we might get the reason and more important the Business update.
Everything else is simply guessing...negative or positive either way.
I am hoping that Clipstream is now on a competitive market stage if so then there are three possibilities
1. They start to develop a reasonable Business....might most likely take more time.
2. They aproach a big tech Company (Cisco, Google, Apple, Facebook) to take a share on DSNY and get additional Support from them in terms of development and channel Access.
3. They demonstrate the technology and patents to interested parties and sell Clipstream to them and PlayMpe to Universal.
After so long time of waiting and disapointments I prefer option 2 and 3 even for a lower price.
Bottom line....you are right... and will be interesting CC
One last thing...as said when the new Directors came on board this changed a lot and I feel it was already clear that their will be big changes, that time I already pointed out that this is the big move for DSNY, good or not we will learn.
Before it was a Family/Owner driven stocklisted company, now it's a financial driven company controlled by funds and financial investors, they won't take to much time to develop a big business they simply want to see quick returns on their investment, that's why I believe theiy will be sold sooner than later.
Every Modell as usually has it's advantages and disadvantages, so let's see what turns out...butt we could see quickly a run up of pps to whichever price.
As I said I think he is empty and whatever people say he was the one who started the company and had the idea with Clipstream, he might not be a perfect sales or marketing guy but without him we would not be where we are now...,yes it took long tooooo long.
Well I don't know how goo you guys are one reading people's face...but after watching the last interview with Steve I think he was burned and tired of his own work and company so I believe he was happy not to have any more this responsibility for this development and company..,just my guess.
Just checked quality again on IPHONE, without wifi only LTE connection...quality was perfect.
I guess sooner or later their will be a takeover and if the now search actively for a company with much more resources then I believe it could go quickly.