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*Excellent post*
Yeah, if Hearty Guy can do it, anyone can do it!
WTF, right?
... but the blame really belong squarely on Destiny management's shoulders! Steve has to show that he can deliver in a timely manner — after all time IS money.
It's not about managing shareholder expectations Steve. It's all about managing to meet shareholder expectations! hehe you can quote me on that one.
Stock price and NASDAQ listing will follow naturally.
This doesn't mean that I'm disagreeing with your post. It does mean that Steve has to realize that he's not going to get a pass anymore, certainly not from HTFBSN!
Now you are in favor of a Reverse Split?
What kind of the game are you playing? I know, I know, it's the one where you end up making money. It's called "the only game in town." Anyway, you have every right to place your bets as you see fit...
You can't be talking from the heart though when you seem to encourage Destiny to actually go ahead and do the Reverse Split! In this current investor sentiment environment?
They should keep the RS on the table as a black flag operation as Brooklyn calls it, to be used when it shows the best chance of bearing fruit.
That's what I am thinking. Granted, some hope is factored in so it's not all pure logical thinking.
Did you load up with more stock?
DISCOVER WHO'S USING CLIPSTREAM SURVEYS
http://surveys.clipstream.com/content/surveys
At the bottom of the page is a feed that highlights about fifty Clipstream survey users.
I have the boat loaded, at least my size boat, might be a rowboat but it's loaded. I bought a few shares at $1.25 yesterday. Thanks for your comment earlier but I couldn't respond as I never bothered to subscribe.
The darkest night is just before the dawn. How are things over on the HTFBSN board? People's critical comments still being deleted?
There must be a special place in hell for the BASHING short sellers. Maybe their eternal task will be to have to destroy hell bit by bit in order to make enough money to buy their way out. Good luck with that right! (Not alluding to you… those who are know who they are)
For the Scots out there:
The Wall Street Journal picked up the story too:
http://online.wsj.com/article/PR-CO-20140213-912523.html
The patent office always let a company know when their patent has
been granted before it is official and the paper work has been done.
ABSOLUTELY NOT THE CASE with $DSNY
They usually don't turn out well if the sole purpose of the r/s is to make room in the share structure to issue more shares.
This is ABSOLUTELY NOT THE CASE with $DSNY.
List of Clipstream® server users:
Bovitz
Beehive Research
Burke
C.A Walker
Casro
Child Research
Comscore
Confirmit
Cross Tab
Decipher
DELVINIA
Decision Analysts
E-rewards
Facts International
First Movies
Gazelle
GFK
GMI
Greenfield
Harris Interactive
Harrison Research
Hay Research
Hypothesis
Ipsos
Knowledge Networks
Luth Research
Maritz
Market Solutions Group
Market Strategies
MD Analytics
Morpace
Marketing Research Association
Mrops
Opinion Leader
Orc International
Pivotal Research
Precision Opinion
Purple
Quarks
Research Now
SSI
Strataverve
Synova
Dohring
Toluna
Touchstone Research
Ugam
Valient Solutions
Focus Vancouver
Watermelon Research
Y Pulse
It is BUY time for anyone that has funds and believes this company will grow.
I for one am very, very encouraged that the granting of the European patent is just a matter of time now. That is, if we can put our full faith in Steve's report that it is a done deal, basically only waiting for mere formalities to be published.
Destiny's proprietary watermarking is going to be fully protected and opens up a new market opportunity perhaps equal to the present PlayMPE revenue stream. If you believe in that you are a buyer today!
Post 7852
Supposedly passes on a January 19 HTFBS newsletter update from Van. My oh my, how things have changed over a short three week timeframe!
I don't know what he's saying now but it ain't good!
Here's what he was saying then:
Here Is The Most Recent Weekend HTFBSN Update On DESTINY:
Here Is The Most Recent Weekend HTFBSN Update On DESTINY:
January 19, 2014
Destiny technical update… tick Tick TICK
Last week, HTFBSN gave our fundamental opinion on Destiny and said that we were waiting for Friday’s closing price to give our technical opinion.
It appears as though the “perfect storm” for DSNY may be brewing.
Friday’s closing price with extremely heavy volume triggered two technical indicators we use. Technical analysis is an art, not a science, so it should be used as another tool when investing. In the next few weeks, starting with this past Friday’s close, we could see four types of investors coming into Destiny. It is our opinion that two of the four conditions started to appear on Friday. Regarding these developments, the four kinds of investors are as follows:
1. Technicians. The chart pattern for DSNY had been drifting down for a few weeks and reached extremely oversold conditions. However, Friday’s’ high volume reversal and Bollinger Band close are two patterns many technicians look for. Accordingly, these two powerful technical indicators were triggered on Friday.
2. 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.
3. 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.
4. 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 now 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.
At this point, HTFBSN wants to lay out a hypothetical situation we think is possible:
Destiny‘s chart showed a major reversal on Friday. Previous to that though, it is certainly not uncommon to see immediate selling from a reverse split announcement and any short would know this. Still, we think the knee-jerk reverse split sellers and lackluster conference call sellers are now out. If a short was expecting heavy selling, or capitulation from these two events, they got it in spades. Conversely, the very heavy volume reversal on Friday appeared to put in a short-term trading bottom on a still uptrending stock. Similarly, picture a person walking up a hill using a yo yo. While the yo yo goes up and down, the overall trend is up. That is precisely why we recommend using weekly charts instead of dailys.
What is a “short-squeeze”?
When many investors have sold short a stock on the hope that its price will plunge, sometimes that price may begin to rise. As it does so, more and more of these “shorters” will “cover” their investments. That is, they’ll buy back the shares that they had shorted, and take a loss. The reason for the loss is that they’re having now to buy back the shares at a higher price, and they are trying to minimize this loss by covering. As more and more shorters do this, the price rises (since more people are buying than selling). In a nutshell, this is a short-squeeze.
More importantly, 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.
Let’s paint this scenario… (all based on an alleged naked short position)
We have to assume that any naked short-seller does not want to see Destiny get their coveted NASDAQ listing, and would be highly motivated to cover before this event happens.
Now that DSNY has announced they could implement a reverse split, HTFBSN doesn’t think a short-seller has a reason to keep the share price under $2, or even $3 for that matter. This shouldn’t keep Destiny from getting listed now, because they could do the reverse split, raising the share price up by a factor of five. With this in mind, let’s say DSNY did implement a one for five reverse split on February 25. The shares outstanding would go from 52M to approximately 10.4M. Likewise, theoretically the share price would also go up by a factor of five. So Friday’s close ($1.84 times five) gives us a reflective share price of $9.20. Following this logic based on our understanding of the NASDAQ $3 requirement; in five trading days from the reverse split date, a short would have to drive the price down under this level in order to continue delaying the NASDAQ listing. Based on the NEW shares outstanding, they would have to force Destiny‘s valuation to under$31.2M (10.4M times $2.99). This would be a monumental task and we think highly unlikely.
Still painting here…
Remember those four types of investors? By the same token, we want to introduce a fifth type of investor. He is the “new high” buyer. There are a lot of investors out there that will simply buy ANY new 52-week high. As we know, DSNY‘s 52 week is $2.93. In contrast, now that Destiny could implement a reverse split, that old $2 resistance (or $2.93) should no longer be an issue. As previously alluded to, there would no longer be a reason to keep the share price under $2, or even $3 if DSNY does indeed implement a reverse split.
Time to frame our “what if” picture we have painted.
What IF all five of these investors come into the market driving Destiny’s share price to a new 52 week high? What IF the company announces a big brand as a licensing partner by the annual shareholder’s meeting which would validate the technology? What IF the company does trade at over $3 for five days? What IF the stock does indeed become marginable over $3? What IF the alleged naked short-seller is forced to cover by the AGM?
Heavy questions for sure and here’s another. Would the company even need to implement the reverse stock split? These are just our ponderings. Above all, a wise hypothetical shorting entity should be considering these same ponderings in HTFBSN’s opinion!
Incidentally, we all know what happened to Captain Billy Tyne.
… One thing we have learned in over 25 years of investing, the chart never lies! Hence, many times a chart will reflect good/bad news or fundamental changes before they are publicly announced. In that case, from a technician’s perspective, Friday’s very high volume reversal was very bullish.
At this point, let’s throw in one more little pondering for ALL to consider here. If some of these short-squeeze message boards were alerted to this specific hypothetical situation, the results could be, shall we say… interesting.
http://www.shortsqueezeit.com/search.html
http://investorshub.advfn.com/Short-Squeeze-Cover-Days-14721/
http://investorshub.advfn.com/Mother-Of-All-Short-Squeeze-%28MOASS%29-9525/
His brother or his brother-in-law or my brother or my brother-in-law, how about my cousin or my uncle?...
Anybody could have a business relationship with anybody else, and those other anybody's can act on what you, me, Van or anybody says is going to be published/going to go down.
So nothing can ever be proven about this kind of trading on this kind of privileged information —even if it does exist; very hard to prove collusion.
Look up the stock, CLNE. See how one Seeking Alpha article with an inflammatory/fear mongering title and a one-sided presentation of opinion masquerading as fact took $150 million off of their market cap/share price overnight? the writer of the article was a self declared short, only because SA editorial policy requires that the article writer declare any and all positions in the underlying stock. A mere $20,000 short sale "investment" would have netted you $4000 overnight, as a short seller.
Of course the article and the short-sellers set it all up– the coordinated attack on the company reputation and on the company's stock took place very nicely during the silent period when basically very little news can be released legally by the company.
This case is not all that different. The guy with the newsletter says something that you would not expect him to say, and about 300,000 shares get sold as a result. Makes people wonder..
I'm not making any accusations here whatsoever; however, I only trust my integrity.
The feed at the bottom of that page you linked to shows the following 50+ companies using Clipstream surveys:
Bovitz
Beehive Research
Burke
C.A Walker
Casro
Child Research
Comscore
Confirmit
Cross Tab
Decipher
DELVINIA
Decision Analysts
E-rewards
Facts International
First Movies
Gazelle
GFK
GMI
Greenfield
Harris Interactive
Harrison Research
Hay Research
Hypothesis
Ipsos
Knowledge Networks
Luth Research
Maritz
Market Solutions Group
Market Strategies
MD Analytics
Morpace
Marketing Research Association
Mrops
Opinion Leader
Orc International
Pivotal Research
Precision Opinion
Purple
Quarks
Research Now
SSI
Strataverve
Synova
Dohring
Toluna
Touchstone Research
Ugam
Valient Solutions
Focus Vancouver
Watermelon Research
Y Pulse
Less than 35,000 shares of selling did bring the stock down to a dollar $1.25 by 10:40 AM. That much I'll grant you. Then there was a whale of a transaction, looked like an arranged sale of 300,000+ shares just after mid-day which pushed the price back up to $1.34 – $1.35.
I am looking at up vs. down volume for the entire session. There is no doubt that within minutes of that 2:30 PM alert a rash of heavy selling began that lasted for 45 min. and accounted for 210,000 shares transacted.
The coincidences just a little too much to believe that it wasn't the subs from HTFBS selling directly and triggering other selling as well!
Oh, so that's what provoked most of the selling? Very irresponsible, but mistakes are just that, mistakes. I hope Van clears up the confusion! Damage done however, can't get Pandora back into the box now! People that sold won't be buying back in; they were on the fence already. The alert nudged them off.
Damn irresponsible!
I'm sorry, my post was meant to be a question (?), not use an exclamation point(!). My bad.
Are you saying that that is what Van is saying in his private newsletter NOW!
Most of the "promoting" was done right here on this stock board, mostly by the HTFBS members. I think a look back over the posts of the last 3-6 months will bear me out on that.
I could not resist and bought another 200 shares (big deal- yes I'm just a piker, that's why I throw the term around now and again) so now I am the proud owner of 4000 shares equals $5000 and will be back into profit when a $2.00 share price returns.
A 1 million share volume today certainly does look like capitulation day to me. Luckily I never buy anything on margin and I never buy more than I can honestly afford to lose. I can afford to lose $5000 so I'm not going anywhere, and the stock is certainly not going to zero.
Capitulation = Failure
Agreed! Selling right now would be the worst possible time to sell! This stock should be worth $1.00 just based on PlayMPE alone.
I repeat: Capitulation = Failure
Those who know the Plaympe story and who tested the technology of Clipstream and believe in it should be buying thousands of shares right now.
I don't know enough about the new technology to commit more money but I am certainly holding.
I do not think I will give my vote in favor of the RS – it might just turn into a further opportunity for shorts to drive the stock down.
Didn't think that after buying dips and holding strong, this investment would still leave me in the red at this point.
I think that today's press release is an attempt to do just that – support the share price. Why? Because normally the company would wait another month to get the actual European patent allowance rather than reporting that they "expect" to get the European patent allowance in 03/2014 (we all know that I could easily run into April or even May— that's just the nature of how patent offices operate). Can you see how this is an attempt to help shareholders? Granted, it would be much more impressive and much more helpful if they were on the open market buying shares with both hands, but that might be expecting too much. Steve already directly owns what 11,444,911 shares? On January 31, Steve purchased 14,494 at $1.5975 under the Employee Stock Purchase Plan.
Today's news release:
VANCOUVER , Feb. 13, 2014 /CNW/ - Destiny Media Technologies (DSY.V) (DSNY), the global standard for the secure distribution of pre-release music to radio and the developer of a new cross-platform playerless video streaming format is pleased to announce that the European patent office expects to issue a notice of allowance for a patent application relating to Destiny's watermarking technology in approximately March 2014. The European patent application claims priority from October 2006 when the original provisional application was filed.
...that Plaympe on it's own is worth quite a bit more than the current share price
If the HTFBS people have moved on to greener pastures as you say, this may well be a good thing because their selling may have moved shares from the relatively weak hands of short-term profiteers (I would love to be in this group, by the way) into the stronger hands of longer-term investors.
As you suggested earlier, Steve 'might be' taking it a bit easy on releases to enable some of the larger investors he has been theoretically in contact with, to accumulate at these prices. Yes, this is just wishful thinking, and yes there could be some basis in fact too.
I salute him too, but it's probably not the same salute that you are talking about.
It must be nice to have that kind of money is all I can say!
I hope that you do get your fill complete at $1.50.
That's nice to know!
Anybody go to Robert Cringely's website and check out some of his articles and read some of the posts that respond, pretty educational...
One post seems to bear on the topic dear to Clipstream G2 followers -'current fact'- that mobile devices aren't supported cross-platform... What we heard in Clipstream presentation: "Adobe announced that Flash would no longer support mobile. And Apple will not support Flash on IOS devices."
http://www.cringely.com/2014/01/10/final-2014-prediction-end-pc-knew/
Peter January 12, 2014 at 9:40 pm - Reply
Bob – you’re exactly right about where the hardware running iOS is going. There’s a major architectural change coming in the 2014 models with the introduction of a PCIe bus internally connecting up the processor, storage, ports, and network hardware. The reason current iOS devices don’t support .11ac, true HDMI, USB3 or ThunderBolt is that the internal bus simply isn’t fast enough, but that’s going to change. The new devices will pipe 4K video around the house, to screens smart and dumb, and Apple will drive a new realm of user experience. And like you said, the profitability on this roadmap is crazy.
Maybe it's coming, maybe not. Maybe it matters, maybe it doesn't.Because I don't understand the technology maybe I am way off base, so far off the fact that what I am posting here is totally irrelevant. But that's part of investing in a company whose business I do not understand well.../i]
The point is… it (The proposed sale of 300,000 shares) doesn't look good at this critical juncture! Unless of course you can positive spin it into the general theory that a huge spike is just around the bend. I'd love that to be so but honestly, I'm skeptical too. Who wouldn't be? I haven't heard or seen any evidence of adoption of this G2 technology, LARGE OR SMALL. I haven't heard any kudos FROM INDEPENDENT THIRD-PARTY TECHNICIANS!
With all the adherents, supporters and investors here you would expect somebody to have dug up a favorable post showing a third-party technical opinion that is worth repeating!
I am Long and expressing these doubts so it is no wonder that people like Giovanni are around talking the stock down... as much as I dislike these tactics, it is what it is and comes with the territory (uncertainty).
It was long – winded but I tend to agree with the general ideas expressed.
Anybody/everybody could hold a short position. The more they pump – the more they dump kind of people can be found (hiding) anywhere in the stock market where there is ample opportunity to make money. Truth is not a guiding principle in the life and times of a short seller.
Steve ought to be looking for the kind of executive talent needed to effectively sell Clipstream G2, while meeting all time targets.
I "hope" so too because of the untimely nature of his proposed sale of 300,000 shares! It did not do wonders for the stock price today, did it?
I saw really want to hear the answer to the question about Fred proposing to sell 300,000 shares.
It would be so much better if it were done as a private sale to accredited investors. Otherwise it will be 300,000 shares to be dumped onto the open market pretty much, won't it? Especially at this crucial juncture, when we are all looking for validation of the thesis regarding institutional investors taking positions in Destiny Media, this type of announcement without an explanation of intention is not helpful at all.
I think he was asking what is the name of the company you alluded to that could theoretically jump into destiny media's space "if they chose to."
You said:
Biggest threat to DSNY...someone beats them to the punch...time delays are a killer...and there are more ways to get resolves the problem G2 is trying to address without patent infringement...and IMHO...we all know one of them (if they "chose" to focus on some of the same issues).
how much longer will companies put up with these well planned and executed attacks? There is good reason to suspect folks at Sneeking are trading, possibly illegally, On the knowledge that articles like this one are about to be published, causing panic selling and the opportunity to make big money overnight?
Twe et your questions over to @boonepickens and @A_Littlefair.
I think this is the new business model for SA.
They definitely are not following their own editorial policy!
WHAT THEY SAY:
The stocks covered on Seeking Alpha, and whether articles are bullish or bearish, are determined by our contributing authors (~having satisfied quality and integrity criteria~), and not by our editors. Editorial changes to articles are intended to clarify the author's viewpoint and may not interfere with the substance of the author's argument or viewpoint. Our strict adherence to these editorial guidelines means that Seeking Alpha authors are genuinely independent.
Authors are required to disclose personal positions in stocks they write about. Since ~Seeking Alpha's editors have no input into which stocks are covered or the nature of the commentary on them, they are not required to disclose positions in articles they edit~.
WHAT THEY DO: (publishing the following headline and right under it the Editor's note)
Sharks Are Closing-In On Clean Energy Fuels
Editor's notes: The dynamics of the liquefied natural gas business have shifted since CLNE bet big. Shares may have more than 50% downside
I think they can be nailed in a suit based on that Editor's note!
The rubber has to hit the road, agreed!
How encouraged were you to see insiders like Steve and Fred buying shares with cash?
I doubt one poster in ten is excited about the RS being the catalyst to a huge short squeeze. 9/10 of us will be pleased (and very optimistic) to get up listed to the NASDAQ.
There have been too, too many reports independently from different posters here who watch level II action to slough off the idea that certain MMs have been making concerted efforts to drive the price down which is pretty much the same as keeping "a lid" on the upper price level. If you could give us a better explanation of this price action without referencing pots and pans, I for one would like to hear it because your posts always make a lot of sense.
And what about the short-selling MM? Always driving down the ask as usual?
I am pretty sure that lots of people have seen this video before and visited this link. Thank you J Dan for this link: http://video.clipstream.com/content/
If you right click on the video screen and click on Inspect Element, you get about 1 billion choices and menu permutations about which I know nothing at all. Just wondering however if somebody here knows whether you can determine from that inspection, things like:
when the video was created
when it was first clicked on
how many times it's been clicked on
Anything else that might be of interest to an investor in the company
thank you
I am surprised
that no one has positively identified yet where the 657,000 shares of buying power came from exactly on January 17! I don't believe that the dates corresponded to the date range implied by the report of the new institutional investor. I don't believe the dates corresponded to any buy signal promulgated by the $300 How To Find newsletter. I don't believe that the dates corresponded to the reported insider transactions – those were cashless transactions anyway, so no connection whatsoever.
The way the stock flew up that day was something everybody commented on. It definitely looked like concerted buying, almost program trading.
But who was it?
No, nothing wrong with mul-tit-tasking at all lol