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Has anyone else tested the quality? I plan to later tonight and will report back.
I am happy to see so much activity lately after the forum had gone quiet before earnings, even though its mostly bickering the conversation has been interesting to read. For me i have extremely high conviction that launch happens next week - smoking gun is the trip to Japan. No way we travel without a launched product to showcase while there.
Obvious guess is that we have prospective clients in
Japan, but what about this - could we be looking to sell a minority stake of the biz to a renowned company to raise capital? Ala Google/Himax. Rumor has been that cash on hand is another Nasdaq requirement that we may be slightly short on. Yoshi traveling could be a sign. Longshot but time will tell...
"Coming weeks" re G2. Hopefully Steve has just chosen a funny time to start under promising and over delivering.
Lame quarter as expected. Hope the call has some positive updates.
Earnings tomorrow.
What are everyones predictions? MPE revs likely flat. Patent updates perhaps? The last ER really moved the share price but i dont know if anything other than the G2 launch will move it like that again.
The way I understand it, the warrants are converted into shares. Then the shares are sold in the open market. So the question still remains how many shares do Sabby still own and need to offload. That answer should be in their next filing.
The SEC site has the full 37 page report.
Here are my quick and dirty observations,
. Revenue is ramping nicely (7M from BAT, 700k in orders for spectrum/VLN sales to FDA)
. BAT deal has 4 total milestones for up to 7M more (1.5-2M per milestone)
. More on BAT, 22nd will also hold rights to any new applications discovered within their patents by BAT
. NASCO acquisition will be paid for by issuing $800k in new shares
. Benelux revenue creeping up slowly, 50k last quarter
. Those warrants are ugly. Necessary at the time but so ugly
. 22nd bid 3M in bankruptcy court for a production facility
Nothing found on Sabby.
Dont forget playMPE friend, revenues are there but growth not yet.
This slow motion wind down of the share price on low volume is not fun to watch unfold. Every day 7-8 cents exactly. No change to my positive outlook and we have never been closer to the big day though.
I do wish there was more reported from the Seattle conference.
I agree on the video quality being only average. My question is are these the new and improved versions Steve mentioned would be uploaded on the site soon during a recent conference?
I'm new to the newsletter, joined right after the Sphere3D alert, how often are new stocks typically added? And do they always run up after the newsletter is published?
Does cashless mean XXII would issue more shares if the price is below 1.31 on the specified date? And are we assuming that date is January 2014 - the expiration of the warrants? Note, i dont see that date in What Van posted. TIA.
I'm sure the major labels some if which are or will be our clients will really appreciate hiring a guy they have been litigating for almost a decade :)
Although they would never market publicly towards porn sites, they dont want that to be their public image, the owners of those sites are likely to sniff around the product.. Plus they can signup self serve so DSNY needs not interact directly with them.
New PR is out.
VANCOUVER , Oct. 15, 2013 /CNW/ - Destiny Media Technologies (DSY.V) (DSNY) is pleased to announce that it will market its new disruptive, playerless, cross-platform streaming video technology to web developers at the Seattle Interactive Conference from October 28 through October 30, 2013 (http://2013.seattleinteractive.com). As a sponsor, Destiny's sales staff will be exhibiting the new Clipstream® video technology and will be marketing the upcoming Clipstream® Video Cloud service to web developers and corporate customers. As previously announced, a full commercial launch of the soon to be released Clipstream® Video Cloud service is expected before the end of the company's first fiscal quarter, which ends November 30 th.
The Clipstream® Video Cloud service will enable any non-technical corporate user to easily create videos that play on devices ranging from TV's, tablets and mobile smart phones, to computers and e-book readers. In the past, corporations had the choice of using complicated transcoding and content delivery network services to reach an audience that spanned devices, using an advertising-supported video sharing service, or just restricting video playback to computers and leaving an empty "black rectangle" for viewers trying to access videos on other types of devices.
"We are excited to begin marketing our new Clipstream® Video Cloud Service during this pre-launch phase. This will be the first in a series of offerings that will use our Clipstream® technology and represents our first steps into a large multi-billion dollar market opportunity," said Destiny Chief Executive Officer, Steve Vestergaard . "In addition to ensuring videos play on HTML5-compliant devices, Clipstream® technology offers several other very compelling value propositions. Clipstream® will reach up to 50% more users than HTML5 video, there is no transcoding required, and there are no players or servers to install. In addition, Clipstream® offers watermarking and extensive security options and videos will play well into the future without re-encoding. Unlike plug-in solutions, Clipstream® doesn't expose viewers to the risks of viruses, hackers and privacy intrusions."
The Clipstream® Video Cloud service will be sold on an automated basis via the www.clipstream.com internet website. Publishers will use free cloud uploader software to drag and drop videos in a wide variety of formats including Flash, Quicktime, WMV, MPEG, and others into the cloud. In return, users will receive a link that can be embedded into websites, forums, emails, etc. Even though the video content appears to be part of the web page, it is actually streamed from Destiny's cloud rather than the web server displaying the web page. Users of the service will purchase a monthly package, similar to a cell phone plan, where they provide their credit card and are charged monthly. Packages include a number of transfer minutes and usage above that is billed as overage.
Or is that a 20 bagger. I think its time for a coffee.
Nice interview Van.
For those keeping track, a 1 billion dollar valuation would make this just about a 200 bagger!
Disclaimer, i am long ANY.V as well as the 2 other HTFBS picks, however VMWare has 100 such partners in Canada alone. We are #101 (give or take). So im not going to say this isnt a positive step thats good for our little co, but i dont think its as big a deal as it is being made out to be.
So if i am reading correctly, Sabby has approx 5.5 mil shares and over the last 3 months, XXII has traded approx 24 mil. I cant see Sabby accounting for 25% of shares traded or the price would be more severely depressed.
Going to guess they are a little over half done - the rest should move quicker with the high volume lately.
Yesterday's presentation had some serious spoilers. We should expect the Google PR tomorrow or Monday heading into earnings, and there was also mention of being cash flow break even before end of year. CEO said "maybe even sooner" , alluding that there would be more revealed with earnings.
What's not to love here? I overbought in anticipation and will lighten up closer to a dollar.
Tremor is already trading publicly. TRMR
Thanks Jorlev
Tim, nice call with BAT! Great news today, looking forward to the markets reaction to tomorrow.
Is a webcast of today's event available anywhere yet? TIA
New sub. When is the next idea? :)
Hi, new subscriber as of today. Its good to be on board.
I bought dsny before joining, now scoping the rest.
I have never seen much discussed on financials, though i completely appreciate that these stocks are recommended and bought based on potential not balance sheets. That being said, is it not a concern that new co is offering 15-20% more shares in the form of options? And for XXII, it has some pretty nasty financing in its not too distant past as well. Again the disruptive potential may outweigh those red flags but curious about whether it weighs on anyone elses mind.
Hope this isnt seen as negative. Just genuinely interested in the perspective of some investors who are more experienced or savvy on these co's than i am.
Poutre was a dud, I have been saying that for months since the shareholder call, goodbye. Seeing him continue to take 15k per month as a consultant makes me ill though. Please tske all these so called industry experts like Padnos and co with you on the way out. As for Kasian, perhaps he was well intentioned (being kind) but he over promised and under delivered every time he opened his mouth. Lastly, i hope Rice stays. Ive always felt he was the only ethical and hard working guy in that shop. Genuinely feel like he wants to build a success, not get rich quick.
And can we finally agree Alexa and G+ were falsely propped up by shady tactics? Yeah, thanks Poutre. They probably stopped click fraud when the reverse merger possibility came to life. Ad please tell me Joe has no connections to the new leadership - heard enough of that false hope. Enough with the sillyness.
Whats next? I expect we will see this become a whole new company. Standalone search will be scrapped, most if not all projects will be scrapped not that they would have happened anyways. Now we will see mimvi's technology integrated into real products with real mass appeal.
suspect i am not alone having lost such a large percent of this investment that i will hold on. Luckily i can count on a pair of fingers the % impact on my portfolio - sadly others may not have been so fortunate. This may be a hail mary for investors but its better than what we had going. We may have gotten lucky, time will tell.
So what are the positives in this 10Q? Expenses skyrocketed, but i can understand that given we are launching new products. Still creates a going concern. More concerning is that there is no mention of a material go forward agreement for a certain 6 figure contract which had been expected by some posters here.
With this new mimvi apps, am i correct in thinking that Mimvi has basically prebuilt an app template with customizable bells and whistles? So the customer picks and chooses the features they want as if it were a chinese buffet and Imvi has it up and running in a few days.
If I've got that right, very nice! At 59.99 recurring this will create a nice revenue stream with minimal overhead/ongoing effort required.
I couldn't disagree more. Most of the private investors asking questions were more polished than Mike in his opening remarks and most of the responses. He did seem to get more comfortable towards the end but i wasn't impressed. Kasian speaks well. Linda though, was a train wreck. Good comedic relief.
At the end of the day, they had a call and spoke to investors. And it wasn't paltalk. That alone is worthy of a positive mention. Joe, did you ask a question? Which one?
Btw, i asked the question regarding User adoption and measures of success. I didnt get much of an answer.
Am i the only one who was trying to guess which poster from this board each person who asked a question was? The passive aggressive lady from Ellis sure reminded me of 236 - her refusal to acknowledge Mike by name was too funny. Kasian and associates, LOL.
Anyways, my impressions of the call. the biggest one, is that these guys are amateurs. Im not saying thats a bad thing, not that its good, but they clearly lack major polish in their ability to speak with clarity and confidence. The awkward pauses before each answer were painful. So it just reminds me of what we are dealing with here, a super speculative play. A longshot. The guys on the call are all longshots too. About as polished as Rocky the first time he stepped in the ring. Can they make it big? Maybe.
Im no closer to an answer after the call. No material information provided, and some responses were pretty vague, big things to come they say. The best part quite frankly was that we WILL see mention of their 6 figure deal in the next Q. Either as revenue or special mention for disclosure of a material agreement. This would be the first time a substantial promise of revenue actually came true.
I will stay invested. The potential is there. I feel like i am hunting for treasure though.
It will be interesting to monitor the number of app downloads on the google play site. We are currently between 100-500.
Chalk me up as one who is long Mimvi but doesnt completely buy the Alexa rankings. It is a red herring. Do i believe traffic is increasing? Yes. That quickly? No.
Look at utilization in the LA area. Why is it so high? Are we advertising locally? Do folks in LA like their apps more than people elsewhere? I dont buy it. Do we have Mimvi staff working in the LA area? We do.
I did some research on Alexa. Anybody have a comment?
Might explain why usage in LA is so disproportionately high.
"Alexa ranking is not accurate, and can be manipulated. Alexa data is based on a statistical sample consisting of website users who have downloaded the Alexa Toolbar. Alexa provides reach rank data for the day, previous week, and previous three months.
Alexa does not provide information about their total population of toolbar users, but an analysis of Alexa data reveals this information by other means. Many Alexa users are webmasters and marketing junkies. They install it on their own systems, and their own heavy use of their own pages causes their Alexa page rank to rise."
Is it ironic that Joe is doing exactly what frustrates us about Mimvi's management? Why the radio silence dude, lets get an update out of you before you lose all credibility.
Millions? Can you provide some much needed context for that comment or is this pure conjecture..