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It's not a renewal. I read it that many existing agreements in various countries with emi and universal are being replaced by a single global agreement that includes new business in countries where there currently is no agreement.
Previously, Destiny had contracts and understandings with both UMG and EMI at both the parent and sub label level in North America and Internationally across a number of currencies.
“It was important for us to standardize on a single agreement with Destiny across all of our territories”, says Mark Moroney, VP Production Universal Music Group International. “This new deal provides consistent pricing and terms worldwide, allowing expansion to new countries and recipient types without the need for further negotiation.”
What do you mean volume down? Almost all of today's trading has been on the offer which is still really bullish. There's just been a big seller with a huge amount for sale on the ask. When that's gone, it will probably move up further.
Anther 41,000 was shorted yesterday.
The shares Destiny bought were cancelled. They don't exist any more.
The cash cow just announced she's going to generate more earnings, but I'm focused on the ten bagger or more with g2. Good news and more good news. Life is good, lol.
It was in the Clipstream press release announcement.
http://www.apple.com/hotnews/thoughts-on-flash/
They work great for me on my sister's ipad. The quality is great. What's your connection speed?
Another 51,700 was shorted today according to the filings.
It traded 1000 shares on the Frankfurt this morning but no where else. Canada has three bids at 70, the bulletin board has two and there are 6000 bid at the equivalent of 69.3 cents on the Frankfurt. All of those bids are higher than yesterday's close and no one is selling in any of those countries.
http://www.boerse-frankfurt.de/en/equities/destiny+media+dl+001+ag+US25063G2049
http://web.tmxmoney.com/quote.php?qm_symbol=dsy
http://www.otcmarkets.com/stock/DSNY/quote
Whoever did all the shorting yesterday has a problem.
The bid is rising and is above yesterday's close, but no one is willing to sell at the bid, including whoever shorted half of yesterday's volume. I see that as a really bullish sign.
Finra shows 120,010 shares were sold short today.
It does mean the trade happened after market, but there is no after hours trading on the bulletin board. It can just be a late filing because a market maker forgot to report it when the trade happened, but most often it is a negotiated trade or an aggregated trade. A negotiated trade might be when a Canadian or Frankfurt market maker buys stock from a market maker here to sell in Germany. An aggregated trade might occur when a hedge fund uses software to automatically buy a position at the lowest possible price. The software might offer stock for sale at the ask while mostly purchasing at the bid. The net purchase would be declared after hours.
It happens when you give your broker instructions to buy or sell stock at the best price through the day. The house will do the trades without reporting them, then report it all at once when the order is filled after market.
Say your broker bought 20,000 at 66, 20,000 at 67 and 10,000 at 68. They'd report the trade at 50,000 at 668 after the market closed.
It's called short and distort, the opposite of pump and dump. The higher the price goes, the more money he loses. Don't you feel badly for him?
Destiny is only allowed to buy on a down tick when it trades on the bid. Companies aren't allowed to hit the offer on a buy back.
What makes you think the quarter will be bad? I'm expecting it would be good based on all that's been happening.
Normally, institutional ownership is only reported above 5% and many institutions will intentionally own just under 5% to avoid filing requirements. I think Proximity has to file because they were above 5% in the past.
I don't know how Ameritrade would even be aware of a fund that owned 30,000 shares as it is not reportable anywhere.
You can't hedge with a short. Let's say you owned one share and shorted one share.
If it went up, each dollar it went up would lose you a dollar on your short and make a dollar on your long. It cancels out.
If it went down, each dollar it went down would lose you a dollar on your long and make you a dollar on your short. It cancels out.
Shorting when you have a short position is equivalent to selling.
My instinct is this has nothing to do with noramco as noramco was suspected of having a naked short position. There are so many stocks that rally on hype, then retreat that a lot of the pros will just short anything that doubles in price over a short period of time. They probably picked up destiny in a screener and are probably trapped this time and are probably trying to figure out how to minimize their loss and cover as gracefully as possible. They might actually make money as it is trading below the levels most of the shorting happened at.
I've seen this story play out on other stocks. The shorts run the stock down on low volume, the posts dry up except for posts by the bears and it seems like there is capitulation, but there hasn't been because the longs are holding tight.
Hardly anyone is selling at these crazy levels. The short position is 620,000 shares and all they could shake out today was 44,000. The shorts are really nervous. There's not much for sale below a dollar.
Mark this post, with the g2 launch in progress, not only is this the bottom, but we'll be trading much higher a month from now and investors will be kicking themselves for missing the opportunity.
Almost every rally is proceeded by a rapid push down in price as the tree is shaken to get rid of weak hands before the move up.
I think we are about ready for a big rally. There's only 21,000 shares for sale below 95 cents and only 32,000 for sale below $1000.
43,500 is bid at 64.
Last news releases.
http://dsny.com/node/1342
http://dsny.com/node/1343
http://dsny.com/node/1341
http://dsny.com/node/1340
I found some more links on ernst. He works for one of destiny's competitors for plaympe now.
http://www.faqs.org/sec-filings/120417/DESTINY-MEDIA-TECHNOLOGIES-INC_8-K/exhibit99-1.htm
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=atWeH8grWYZk
Most staff are shareholders through a subsidized payroll plan where they can buy shares out of the market for half price because the company pays the difference, so that would mean they had every reason to be at the meeting.
Is this the book? Can you recount what's in the chapter? I can't find any excerpts.
http://www.amazon.com/Fleecing-Lamb-Inside-Vancouver-Exchange/dp/0888945582
Did someone p** in your cornflakes? You aren't in the know and none of your posts have shown any real ability in stock picking. You seem to have some bone to pick and your emotional investment in your short position is going to cost you a fortune. You've been posting here for a long time and your predictions are wrong much more often than they are right.
I'm going to wait one more day to see if the market makers try to manipulate it any lower, then I'm going to be buying again. It works great on my computer full hd and full screen and also on my iphone. The last announcement was that g2 would be making money and the price has fallen on that release. It's silly really that the market makers can panic everyone so easily.
That huge offer is gone. It looks like he blew it out at the bid this morning.
I can't find a quote for Yoo.
Ubs is bidding to buy at 7999 and offering to sell 125000 at eighty cents. How much profit can they make off of a hundredth of a penny while firewalling the trading?
For each thousand dollars traded, they would expect a ten cent profit.
It is so manipulative it is disgusting.
The other really important thing is that you can pirate movies in webm, h.264 or h.265. Clipstream movies only work for the person that rented it.
http://huntall.com/html5-allow-anti-piracy-system-video
Security for these formats is years away.
h.264 and h.265 have low penetration.
http://dsny.com/clipstream
Even if a Netflix encoded in those formats, they would also want to do a clipstream version to reach everyone that doesn't have one of those players installed.
Google is fighting those two formats with webm.
http://en.wikipedia.org/wiki/WebM
There are so many formats and it costs a fortune to put a movie into so many formats.
g2 opens it up that movies like Guido could be sold straight from any page so netflix type offerings are unnecessary.
They already announced hd support in December.
Demo videos at www.clipstream.com showcase support for full screen HD on broadband, feature length movies, instant access to any point chosen from thumbnail scenes displayed above the seek bar and automatic adjustment of quality to support a wide variety of environments.
From what I understand, you get really high quality if your computer and internet connection is fast and it automatically downgrades the quality if it isn't. The important point is everyone sees something, even if their device and connection are primitive.
Steve said that they can match h.265 quality, but they require more bandwidth than h.265 to get to the same quality. The reason is h.265 is done in hardware with a chip. Not one browser supports h.265 yet, so it could take years for it to get any adoption.
He said the g2 quality is almost identical to flash at the same bandwidth.
They are hd for me, too. The way the company explained it was that if your isp or computer is slow, the videos automatically go to a lower quality and it looks worse for you then everyone else. For the same computer speed, chrome and firefox will give you a higher quality than internet explorer. Steve said clipstream is capable of much higher qualities, but then some older phones will have trouble playing it and right now they are trying to play perfectly for as many people as possible.
This stock is under obvious accumulation. The price is up 25% from sixty cents in the last seven weeks, but the price increase is slow and steady and the buyers are careful not to let it run just yet.
Patience is the name of this game. That's how fortunes are made.
The vwap volume weighted average price is .751. The exchange is the tsx venture, the venture side of the exchange Blackberry is listed on. The Vancouver stock exchange went out of business years ago.
You really don't know what you're talking about.
It's 75-78 in Canada and trading at 75.
http://tmx.quotemedia.com/quote.php?qm_symbol=dsy
Half price implies you think it is trading at $1.50 here.
Facebook's been having a lot of problems monetizing mobile. They could be a perfect customer as they've found it difficult to reach so many different platforms.
http://www.businessinsider.com/video-ads-on-facebook-news-feed-2013-2
A single Clipstream G2 ad would play for all Facebook users.
Your own link says the Vancouver stock exchange has been dead for years. Destiny is listed on the tsx venture, not the Vancouver.
http://tmx.quotemedia.com/quote.php?qm_symbol=dsy
It's the junior board for the tsx, the same board that lists Blackberry. Many great tech companies have come from this exchange.
It is trading at eighty cents in Canada and there is no short position up there at all. The short is on the otcqx.
http://otcqx.com/qx/market/quote?symbol=dsny
(Click on the short tab.)