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New Patent Approved Today.
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=Entropic.ASNM.&OS=AN/Entropic&RS=AN/Entropic
16 new patents approved since January 1, 2013
MXL releases news on Tuner Product Shipping Now.
http://finance.yahoo.com/news/maxlinear-technology-enables-hybrid-satellite-090000413.html
First post on iHub, eh? Welcome aboard.
Rather than ask those questions here, Steve will answer some of them if he can.
Do you follow any other stocks?
I have already disclosed my location - so good sleuthing.
I am trying to find the trigger for your senseless behavior - maybe a vendetta or merely lunacy. The more you disclose here, the closer I get. If you want to disclose your location, feel free.
I have no hang-up with Yangaroo. That is a 3 cent stock of no consequence.
So you might be paying Destiny the settlement?
If you are, thank you so much for any one of those.
I still lean toward the Yangaroo ties. You post too much during the day to be Australian.
Are you desperate to keep the share price down?
Posting on Saturday night to blast another poster says a lot about you.
Why are you angry at Destiny Management to spend your time here?
Do you have relationships with any Yangaroo employee?
Why else would you care?
I started buying Destiny shares in July.
However, I researched every lawsuit case going back 10 years including the multiple Yangaroo cases. The fact that Destiny has settled in their favor or dismissed every significant court case says a lot.
From the articles, I understand the history.
Music distribution is a small industry - especially in Canada. If you hire an existing competitor (Promo Only), you eliminate a competitor while you strengthen your own position.
Maybe they didn't do enough due-diligence on the candidate, but they did define the relationship into a contract that he ultimately violated - thereby giving them cause for termination and allowing them to escape some big commissions and stock awards.
Why he decided to move to Mexico is a puzzle. He knew that Destiny wouldn't like it, so he didn't tell them the plan until 30 days after the event? And he moved near Cabo San Lucas? How do you work from there as VP of Operations? That is crazy.
You learn it by reading the financial statement.
Is this accounting lesson number 2?
10-K 2012.
On August 12, 2009 the Company received a statement of claim for wrongful dismissal for approximately $181,000 ($180,000 CDN) plus an award of stock options and unspecified damages. On April 16, 2012, the Supreme Court of British Columbia dismissed the claim in its entirety and awarded costs to the Company. The Company recovered approximately CDN$30,000 in costs from the plaintiff and recorded this amount as a recovery to general and administrative expenditures during the year ended August 31, 2012.
This guy had to pay 30,000 to Destiny for their attorney fees on this lawsuit.
The AGM session lasted less than an hour then Destiny provided software demonstrations at their offices for another hour.
Who is going to fly to Vancouver or miss a workday around a meeting that is mostly geared to formal proxy voting to confirm the director voting?
Another of your wasteful attempts to find fault using misappropriated information to slander something about Destiny to drive the stock price down for your personal profit.
ANYDAYNOW needed a brief lesson in accounting.
He might realize that Destiny is cheap at 62 cents, not expensive. He certainly wants the stock to fall further so that he can steal shares from other investors.
Sorry anydaynow. I am not Fred. I am not even Canadian.
The gain from the Australia settlement does not show up very well in the whole year numbers because the other R&D expense investments for both Clipstream G2 and Play MPE v5.
Therefore, many investors will look at the financials for last year and conclude that there is zero growth even with the settlement. The combination of R&D on-going for two major products and the legal costs make the Financials difficult to read and compare to other companies.
The key factors are that Destiny has ZERO debt, two major software products in growth phases, and very few legal expenses remaining while they have the settlement amount of 13,000 per month arriving every month for 4 more years.
The Australia Settlement shows up in 3Q report covering Mar-May 2012.
The settlement amount is bundled into the Gen and Admin expenses. This quarter the expense is shown as a negative because the gain is greater than the normal quarterly expense.
Note 3 should explain the gain amount.
Q3 Revenue [note 10] 1,022,921
Operating expenses
General and administrative [ note 3 ] ( 469,548 )
Sales and marketing 162,146
Research and development 492,041
Amortization 24,248
----------
Net Operating Expenses 208,887
----------
Income from operations 814,034
***************************************************************
In the Balance Sheet a long-term receivable is listed:
Long term receivable [note 3] 617,310
The 617,310 is the amount due 12 months out and further. The remainder of the 858,887 is to be received in the next 12 months.
***************************************************************
The legal section states the following:
On March 5, 2012, the Company reached a settlement with the respondents whereby the Company will receive from the respondents $825,000 Australian dollars (US $858,887) over the course of 72 months. The unpaid balance will attract interest of 10.25% per annum compounded monthly for total payments of approximately $1,083,000 Australian dollars (US $1,058,000). The respondents are mutually and severally liable and the payments are secured by a lien against real property located in Australia. Additionally, the respondents have agreed to not to approach various clients of the Company. The settlement amount receivable has been accrued in the financial statements as at May 31, 2012.
The quarter ended Feb 28th. Financials have to be complete by April 15th.
They can announce earlier than that. Last year the financials were filed on April 15th.
Which year? Which Settlement?
The settlement proceeds are gains, but not sales revenue.
Usually lawsuit cash proceeds show up as exceptional gains / or losses in the Operations Expense section of the Income Statement.
In Destiny's case, the gains are reversing the expense of the legal fees paid over the last 2+ years.
When the Australian distributor's payments arrive as cash received against a long-term debt due from the former distributor. When the loan is fully paid, the Destiny will release the lien on the distributor's property.
So the competitors stole sales from Destiny in Australia and elsewhere but the cash settlements can't show up as revenues because the settlement is not a sale item with a cost of goods sold. Therefore, the lawsuits caused Destiny to bury earnings in their operations without showing the income as sales revenues. Therefore, it makes Destiny's financial condition difficult to figure out if you only look at revenue growth.
You implied that Destiny's stock price would be half without the [fortunate] lawsuit settlements. [fortunate] is my addition that I think you implied in your statement.
It was the dubious business practices in those three years that hurt Destiny's business. The lawsuits against Yangaroo, the Australia distributor, and others that cost them a lot of money that hurt earnings during those years.
The settlement cash awards were compensation due Destiny for legal fees incurred in prior years. The Australia settlement over the next 5 years was the best that Destiny could get from the distributor.
Destiny handled their business with appropriate diligence given the circumstances. How can you make statements that review three years of performance and exclude the legal cases and settlements.
Very Funny - 'if it wasn't for the law suit moneys'.
Destiny won the lawsuits because distributors and competitors were ripping them off with business tactics that violated competition agreements and intellectual property rights.
The opponents had to pay up for their ill-gotten gains and agree to refrain from similar conduct.
Neither party wins in most lawsuits. Destiny just did not lose much because the settlements favored Destiny's position.
I believe Apple is working on a music streaming too. They have been negotiating with the Music Labels on pricing. They want lower royalty costs compared to Spotify or Pandora.
Destiny does not compete in that market. They specialize in secure pre-release music to the radio stations. They intend to start offering pre-release songs to fans via band websites.
On Feb 28th - Short Shares were 620,495 as published on OTC Markets.
Since Feb 28th, 634,600 shares have exchanged hands.
I have to assume that there is still a large short position outstanding unless all the buyers in March were shorts. We will have new numbers in a few days for March.
Based on ANYDAYNOW's comments, he seems to be short on Destiny until Destiny hits 30 cents. If you have the faith ANYDAYNOW, please double down on your short position.
The Buy Orders at 60 cents are piling up.
Almost 50,000 shares in five buy orders.
You need to rephase your statement.
BM was suing Destiny for 100,000. Destiny was counter-suing back over the stock manipulation.
I think the suits may still proceed since it is against the company, not the individual. The suits may also settle quickly in Destiny's favor.
MXL sales are ramping up in Q1. TV tuner chips for the European Market.
http://finance.yahoo.com/news/flat-panel-tv-supplier-cvt-120500347.html
H.265 isn't rolling yet. It is H.264 now, then H.265.
There won't be a standard so long as MPEGLA continues to bully the rest of the world into video royalties.
The MPEGLA - Google agreement only covers one more revision beyond the current release. So MPEGLA has built into the agreement the condition where WebM will have to stop improvements going forward unless they make another agreement.
University of Iowa list GastroPlus on list of evaluated software on February 18, 2013.
http://cs.its.uiowa.edu/software/evaluatedlicenseagreements.shtml
GastroPlus Trial Version (2 Weeks)
Vendor: Simulations Plus Inc.
Evaluated 18-Feb-13
Simulations Plus Software License
Please quit stating false facts and making false claims.
You like to twist a discussion into something derogative against the company to serve your own twisted view.
If Brooklyn starts to e-mail Steve instead of post here, I predict Destiny will hire a new IR person sooner than later.
Most CEOs won't want to read that any more than we do.
I am not endorsing that industry at all. It is a sad life for those in it and those that watch it.
However, if businesses set policy that they do not sell to specific people based on their choice of lifestyle it opens the business up for discrimination lawsuits in some cases, and in other cases the competition just takes up the slack in the market.
There are ways to hinder the growth and use of pornography, but I do not think that Destiny's decision to deny a customer use of Clipstream G2 based on some questions that they have to answer before they can buy it is the way to go.
You have every right to sell your shares if Destiny wants to sell to that market, just as you have the right to not shop at a grocery store who chooses to sell Playboy magazines or cigarettes or hard liquor or anything else that you do not like - although you may find it hard to find a store that only sells good things to good people.
If you are in the camera selling business, you sell cameras to everyone who wants to buy one. You should not care what they use it for especially if you are a public company trying to make a profit.
If you are in the video encoding business, you should sell to anyone who publishes videos. As long as your customers are not breaking laws with your products and services, every business transaction pays the bills and grows revenues.
Definitely a Double-D opportunity or bigger.
Well put, CCI.
While some internet bandwidth and low CPU issues may influence the full-screen Clipstream G2 high-end HD quality compared to the best Adobe Flash or H-265 solutions, those issues will disappear over time as everyone who uses pre-2005 PCs replace them with new models and network bandwidth standards increase to 100 Mbps as costs drop and broadband networks increase capacity.
Destiny will be able to adjust Clipstream G2 to improve the full-screen HD using improved techniques, more bandwidth (or less compression), and more CPU power.
The current US standard broadband speed is 4 Mbps now although I am still running 1.5 Mbps on my connection.
As I recall from the fall conference call, Steve stated that the Official release was going to be when the Encoders were available. The early releases were slated to be going on until that event. Those early releases were going to involve Marketing firms using G2 in January.
I think the schedule is 6 weeks behind the fall plan due to time spent solving the bandwidth and quality issues.
The original schedule for the encoders was March-April. I think they may release the encoders in Q3, but maybe it will be April or May.
Destiny gave Mr. Cringely access to IP under development.
Destiny may not be willing to grant more access to less technical media writers who could grade Clipstream G2 with ANYDAYNOW's viewpoint before all the issues are fixed.
Destiny has not kept the proto-type secret, but it is under the radar. Until the recent improvements in February, we all agreed that the software was not ready. Now - a few weeks later - some posters want the media world to race to Destiny's doorstep, even break the door down to cover G2.
Steve said that they are delivering G2 to some customers in March. I am not complaining about the chance to accumulate more shares at these prices.
Destiny can't fully promote Clipstream G2 until they complete the various pieces that allow them to deliver G2 to every customer.
I believe they need to complete the off-site encoder software as well as the pay-per video web-based solution.
Patience will be rewarded.
You may be right that they are buying shares and refraining from releasing early promotion right now. However, that is good for all long-term shareholders, but not good for swing traders.
ANYDAYNOW wants to compare apples to oranges.
My view of the Youtube clip is clearer than Clipstream G2, but the Youtube video also says Adobe Flash 11.xxx version when I click the right mouse button. Adobe Flash does not work on many Apple platforms. Comparing Adobe Flash to Clipstream G2 is pointless.
My Adobe Flash player videos also crash often when I see ads on Yahoo so all I get is an Unhappy face that says - sorry Adobe Flash has crashed.
Clipstream G2 is providing a different solution that does not crash and plays everywhere. The video quality is great on most devices.
MaxLinear is resilient.
The stock price drops 20 cents early on a short-term correction, but it climbs back into positive gains when the Nasdaq is down for the day. I should have bought more on the dip.
I love SLP with Gross Margins over 80% and growing revenues at 12%.
The future is very bright. We haven't heard anything about the Malaria project or the NCE project yet.
Too late. TSYS drops below 2.20.