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That's right: No shares were sold on the open market.
We still should be getting the Insiders Share purchase report.
Companies are reporting their new and changes in their positions as a minimum every qtr.
As of now Fidelity listing is:
Fidelity Small Cap Growth Fund 1,620,269 3.11% $3,775,226 Oct 31, 2013
New Institutional Investor: Marathon Capital Management
Purchased 406,450 shares at $1.90 per share for $772,255 on Dec 31, 2013
"Marathon Capital Management was established to provide investment management and financial planning services to individuals, institutions, pension plans and profit sharing programs. The Company is employee-owned and is not affiliated with any other financial organization.
Our core investment philosophy is “Growth at a Reasonable Price,” and as our name implies, we take a long-term view of the markets and the investment process. We concentrate on company fundamentals, avoid market timing and believe that in-depth research is the key to investment success..."
Last year Fidelity Small Cap Growth Fund has purchased 1,620,269 of Destiny stock.
Good sleuthing, Brook! Although the info is a bit confusing and needs some translation for those, who are not familiar with the process.
When Steve and Fred have exercised their options they had to pay $0.50c per share. Steve had to pay $75,000 for his shares and Fred - $37,500 for his shares.
I guess, since neither of them had all that cash on hand, they have sold just enough shares to cover the cost. See the last number in each transaction: Steve bought 150,000 shares for a total of $75,000 and then sold 43,660 shares for the exact amount $75,000.
So, as a result, Steve has increased his holdings by 106,340 shares.
Fred has increased his holdings by 55,159 shares.
Jan 15, 2014 VESTERGAARD STEVE Officer 43,660 Direct Disposition (Non Open Market) at $1.72 per share. 75,095
Jan 15, 2014 VESTERGAARD STEVE Officer 150,000 Direct Option Exercise at $0.50 per share. 75,000
Jan 9, 2014 VANDENBERG FRED Officer 19,841 Direct Disposition (Non Open Market) at $1.89 per share. 37,499
Jan 9, 2014 VANDENBERG FRED Officer 75,000 Direct Option Exercise at $0.50 per share. 37,500
http://finance.yahoo.com/q/it?s=DSNY+Insider+Transactions
We should get the Insiders Transactions report before then. It would be a new positive, as Van indicated in his newsletter.
Great minds think alike! Lol
Sounds about right, star. Unless we would get a good update and/or the news about the European patent.
In the mean time I'll be adding as much as I can. Thank you, shorts, for the cheap shares!
He can't answer that as it is non public.
He will start his introductions to the institutional investors tomorrow.
I'll ask and will see.
Just remember, it's going down a lot slower than it's going up.
I have to admit, Mike was right, they're pushing it down one more time before any new news will take her way up.
Well said and well justified!
I just wonder how many of the posters, who are telling what Steve he must do, had developed a successful co? What expertise and credentials do you have to consult him on what he should do?
Steve started working on a software design when he was in high school. When he was still practically a kid, he's already had been designing games for Electronic Arts (at the time when they had not even been the EA). Than he went on his own and started a gaming co, which he'd sold and than have started Destiny.
After the .com bust, when most of the small companies went belly up and all their investors lost all their $$, Steve took a mortgage on his house, borrowed from family and friends and saved the co.
So please tell us why should we trust you that you know better how to run a company than Steve does?
The company and the CEO are doing exactly what has to be done. I don't pay attention to every day fluctuation. I'm keeping my eye on the enormous short squeeze horizon.
As you say, the proof is in the pudding. And the pudding will be done in 2-6mo. If you held this stock for 1 year, you already have a big green number next to it.
Those, who are buying now, will have a much bigger green number a year from now.
Agree, 100%.
brook, Index funds or ETFs don't select specific stocks, they buy all the stocks in their category.
I know that there is a number of such funds.
If you want specific names, you're a smart guy and can do such research yourself.
You can google small and micro cap aggressive growth tech index and ETF funds.
You're wrong about that, brook.
There are small cap index funds, who would HAVE to Automatically buy Destiny once she will get uplisted.
IHUB (by far) has the best and most knowledgeable people here. I've learned a lot by following some posters here.
Thanks for your kind note, star.
Good one, Z!
star, your guess is as good as mine. If you regularly following Van's updates and listen to Destiny's quaterly CC, you know what we can expect.
Here is what Van thinks is going to happen in a very near future
(from his latest Update):
------------------------------------------------------------------
Insider buying followers. Management said they would be executing an employee purchase program. In addition, this combined with the employee options that were exercised/converted should be reflected in S.E.C. filings. There are a lot of investors that will invest in companies just based on insider buying alone.
Likewise, there are two other conditions that could be developing in the next couple weeks.
Uplist investors. As we already know, Destiny has announced they will be trying to get uplisted to the NASDAQ. There are investors that will buy ahead of this event. Savvy investors, knowing that a NASDAQ listing brings in institutional investors, try to buy ahead of this uplisting.
Short-squeeze investors. There are investors (we know some of them) that will specifically target a short-squeeze opportunity. As subscribers know, there may be a very large naked short position (http://en.wikipedia.org/wiki/Naked_short_selling) in DSNY (we have discussed many times before). As previously stated in our first January update, they WOULD NOT want to see Destiny get NASDAQ listed. In a smartly calculated move by the BOD, not stating a specific reverse split ratio prohibits a short-seller from knowing what price to keep the stock trading under to prevent this. Indeed, for the past 4-6 weeks notice how there was serious resistance at $2 the closer DSNY got to receiving NASDAQ approval. We don’t think this was a coincidence. Even more, this shorting entity now knows Destiny could implement an undetermined reverse split by the shareholder’s meeting February 25, 2014. Besides, DSNY would only need the stock to trade at $3 (after or before a split occurs) for five trading days and they determine if/when to reverse split keeping any naked short guessing. With all this being said, there is very much a possible short-squeeze situation setting up here. Rest assured, if HTFBSN sees this starting to develop, we plan to notify our short-busting friends.
In our opinion, the reason this alleged naked short couldn’t be busted before, is that the amount of available shares they could sell previously has been unlimited. At a stock price of $1.99, the company has a market capitalization of roughly$100M. In this case, the shares are still unlimited, but the price and market cap they would have to continue selling short could be down to $31M.
__________________________________________________________________
In addition now we know that Destiny has already started serious advertising and will increase its intensity (per Steve: We expect to start running 10's of thousands of impressions per month of our commercial on streamingmedia.com. We're just dotting the i's on the agreement.)
That's also should be a positive. When more people would learn about Clipstream, it would bring not only the buyers for the product, but also the buyers for the stock.
Again, I like FreedomThinker's prediction in his post #8005: "I think all of you who have stocks in Destiny are going to make out like bandits give it a few more months and all that stuff some of you guys are assuming will turn out to be just that, Assumptions Not Facts."
FT, post #8005
Z and FT, thank you for your intelligent research and summary:
"anyway, I think all of you who have stocks in Destiny are going to make out like bandits give it a few more months and all that stuff some of you guys are assuming will turn out to be just that, Assumptions Not Facts."
FT, Well spelled out Destiny's advantages!
Yes, Z. Here are some additional points.
Per Steve:
"Stories like this are quite bullish for us. The market is fragmenting as Google pushes VP9 and the other consortium pushes H.265, neither of which are supported by any current browsers.
"HTML 5 video is a container, not a format. To reach everyone, you need to transcode and host 3-6 formats.
They are recognizing that the current HTML 5 container format doesn't support interactivity or security. It's a huge problem.
Luckily for us and our investors, we have the solution. We have the right solution at the exact right time and there is no known competition that can go cross platform from a single format. Our patents effectively block anyone else from using Javascript, the secret sauce that allows our magic to happen.
If a new HTML standard came out, it would take a year for browsers to support it and another 3-5 years for most people to adopt the new browsers (12% of the market uses IE browsers from four years ago, for example). We have a huge window of opportunity measured in several years at least."
Tech Chart: We almost touched 200 MA and bounced back up on Friday. The money flow is still in, although we had a sale. These could be all good signs.
This pull back may be a very short one.
Thank you, Z. All good research!
Don't underestimate Steve. I've been in the business for all of my career and had been dealing with a lot of business managers and CEOs. I'll tell you one thing: Steve is not just a genius software designer. He's as solid and as intelligent as they come.
I also know how tough it is to come up with the most effective message and the right key words for any advertising. Companies are paying huge $$ for the top talent to create small ads. Steve has wrote Google's ad himself (with a good input from his team, I'm sure) and came up with the perfect solution.
He's stated in one of his earlier CCs that he would do a financing when it will be the most beneficial for the shareholders.
I think eagle hit the nail on the head. When we'll move to NASDAQ we'll get the multiple times $$ amount financing with much less dilution.
And to say that Destiny's 7 pending Clipstream patents do not count is also nuisance.
Z, I hope that this page is current. Nevertheless it's great find. I've emailed it to Steve.
Welcome! I've also asked Steve, if he can share with us, what is the focus of his meetings with the institutional investors.
Here is his reply:
"I'm meeting new potential institutional investors on the west coast to introduce them to our company."
Update from Steve:
Re: Advertising. We expect to start running 10's of thousands of impressions per month of our commercial on streamingmedia.com. We're just dotting the i's on the agreement.
Re: Google ad: We'll experiment with a few variations to see what gets the most clicks, but we find people are looking for "easy" over "cheap".
Putting ... at the end of an ad seems to increase clickthrough. I saw that tip on a google ad optimization site.
We were able to usually get Google to put our phone number, etc. in the ad as we applied through their local business program to have our address registered. They do that for free.
Yes, this what Steve said in his email.
When I asked him before why are they starting to advertise in Yahoo and Bing and not in Google. He's explained that Google is 100 times more expansive than the other two.
I was surprise that only in short time after that he has placed an add in Google. I guess he things that the timing is right.
No, I don't think so. It's too early for a spin off. Of course, my guess is as good as yours.
Steve will be meeting with a number of institutional investors in Oregon next week. There is no conference. These will be the individual meetings.
Sorry, it was my mistake, when I have said before it is this week.
They will re-do the SM ad and place the one full page new ad on it.
It's nice to see the new logo on the directory page.
http://www.streamingmedia.com/Sourcebook/
We have an ad on Google!
You can search it, for example, try something like "video hosting solution".
It costs us $2 per click, so please don't click on it.
We already know, if one clicks on it, it would re-direct to the Clipstream's webpage (https://my.clipstream.com/)
In my search we were #4. See the right side of the Google's page.
The position of our ad should rise over time as Google learns it is relevant to the search.
IMO the ad is absolutely PERFECT! In a VERY FEW words it catches the attention and describes the special solution.
It stands out against the other ads in this column (at least those that I've seen), because it has such key words as:
Streaming, HD, Cloud, plays Everywhere
Drag and Drop
Here it is (the first two lines are in color:
Streaming Video Hosting
www.clipstream.com/
(800) 909 3173
Drag and Drop HD Streaming Video
to the Cloud. Plays Everywhere...
I even like the ... at the end (there is more!) Very simple, but none of the other ads had it!
James, Van has wrote the Update and has done more DD on Destiny than any of us. I trust his research, but you may want to ask him any questions you have.
Tom, from "The Most Recent Weekend HTFBSN Update On DESTINY."
see post# 7852, from wvumountaineer78.
The ultimate short-squeeze will soon light up a huge bonfire to say goodbye to all manipulators.
"the ultimate short-squeeze occurs when some savvy investors manage to corner the market in that security, making it impossible to cover the short position. As a consequence, short-sellers can take unlimited losses, because theoretically the market value of the stock becomes infinite!
We do not know with certainty if there is a naked short position or how large it could even be. There is speculation out there, which based on the attempted $35M Noramco financing that was cancelled; there could be a naked short position as large as 5M shares. Again, this is supposition, but we do know that there was an entity or entities that did their best to keep DSNY’s share price under the required $2 for NASDAQ listing. "
The 'shorty' has posted a trade at 15:06:00 Q 1.86 -0.08 for 50 shares volume! Talking about manipulation!
Yes, it is. Interesting, someone just bought 20,000 shares at 1.91 ignoring low bid and ask.