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What Happened? Youtube happened, changing the video player market in 2006.
While Flash is still the dominant player on Youtube, it is not universal.
In the AGM, Steve answered questions about Japan.
The Japan distributor activity has been on hold due to a claim by another company who was seeking music royalties of some kind for any business in Japan. The issue was resolved in December with no royalties to be paid to the third party. The details were vague about the hold up, but the Japan business activity may start moving forward. Steve and another director are going to Japan soon to hopefully move activity along.
I found one on Yahoo. 3 cents per share.
It trades in Canada. Yoo.v
His favorite stock is Jack Daniels, or the like.
IMO - the share count does not matter except that the bigger exchanges require 1 dollar share prices. It is the ownership percentage that matters. If there are 100 shares and I own 5 shares - 5% is as good as 2,500,000 shares of Destiny. However, most companies want at least 2 million shares to enable brokers buy and sell shares in 100 share blocks.
The problem with companies who have large counts of shares is that they do not think that issuing more shares is a problem. If executives think that stock awards are a great solution to conserve cash, they make investing difficult for investors to compute the value of their investment because their ownership percent keeps dropping as more shares are issued.
Destiny does not have that problem. I do not know about APDN.
Maybe so. I only knew about the last one which is mentioned in the December announcement.
'Under the previous plan, which expired June 30th, 2012, the company repurchased and canceled a total of 2,155,895 shares.'
http://finance.yahoo.com/news/destiny-media-renews-share-repurchase-050500047.html
Yes. They bought back 2 million shares when the price was 40 cents or so. The previous plan was limited to 80 cents per share, I believe.
The new plan allows buys up to 1.00 per share.
I think Steve is doing what is thinks is right.
Other people may want him to make alternative decisions which may be better or not. However, he needs to form the plan and oversee that plan.
Were you at the AGM? Probably not. Actions speak louder than words.
I would agree if Clipsteam G2 was perfect right now and the encoding solutions were ready too.
Destiny is being cautious about releasing software to the broad market when they can't handle the work load to deliver on all the potential sales.
Steve said they are working on 5 different business customers types for Clipstream G2 including market reseach, etc. They are starting to deliver on one of those markets right now. The other four solutions will be appearing over the rest of 2013.
There are rules that limit what a CEO can do about the stock price, itself. Otherwise, the CEO is liable for stock price manipulation.
Steve Jobs did not worry about the stock price. He worried about creating great products that many customers wanted. Since he was successful at that, the company was generating lots of cash, profits, and growth.
The AAPL stock price was still manipulated by investors, but the earnings and growing customer base led the stock price up - and the stock shorters learned to go along or lose big money.
The current stock buy-back program is about the only option the board has to directly affect the share price and the board has done that.
No. Nothing on reverse splits. It is not needed.
From the AGM meeting and Destiny Demonstration on 02/28.
(1) Destiny is working with one major marketing research company who has Fortune 500 customers like McDonalds, etc. I can't remember the name. The MR company will be using Clipstream G2 in market research videos on these Fortune 500 accounts. The business activity should start in early March, I believe. They didn't say when we might see Market Research videos online for various companies, but they are coming. Steve said that Market Research videos are perfect for this early use of Clipstream G2 because the Market Research is conducted for a few weeks, then the videos are taken down. The temporary use of videos allows Destiny to keep improving minor issues without any downside risk.
(2) The Daily Play MPE website is a Music rating website that will rate the music tracks played via Play MPE. Steve stated that Google is expected to rank this website high in their Google Search results because of the continually changing music tracks. When a user types a band name into a Google Search, they will see the DailyPlayMPE website in their search results list. These Top 20 rankings will motivate music labels to send their music files through PlayMPE so that their songs will rank on these web-based lists instead of using a secondary distribution method which mean the songs won't rank on PlayMPE.
(3) Destiny is close to releasing their Band website pre-release music solution that they have been working on with Universal (I believe). It should be available later this month. Artists will put pre-release music on their website that fans can sign-in to get. The pre-release music will be delivered to those fans via PlayMPE only until the albums appear in the stores, then the pre-release versions will be deleted from the fans play list. So they have to buy it from itunes to keep playing the songs. I think that is how it goes.
These are the near-term issues that were in the AGM and the office meeting.
As a public company, the stock price is not something that a CEO can control. It is the investing public that determines that value.
There are obviously some investors that want the price to decline further for some reason, while other investors want the price to rise.
It is the investors that need to take hold based on their knowledge of the company. Walk-your-walk, Talk-your-talk, and buy-your-stock if you like what the company is doing.
Today's price drop is a gift from heaven.
It may be related to the US government financial mess that has nothing to do with Destiny's opportunities.
I will shortly after I hear back from BlueSky and think about my post.
In general - all is good.
Did you go to Destiny's offices after the meeting?
Do you want to host a party for the Destiny Investor's celebration in Vegas? I think the target price was 10 per share, then we party in LV.
I will be at the AGM tomorrow. My report will be posted on Friday.
I really created a stir of discussion with my comments.
My rational with my H-264 comparison is as follows:
H-264 was developed using a lot of patented technology to create a video quality with a compression method that works at that level. The same goes for H-265.
Destiny is using a royalty free technology with the their proprietary methods on top of that. If they have to avoid the patents to achieve the same level of quality, their video file size would likely be larger to achieve the same quality or better. Steve would know about that. I agree with those comments that Destiny can achieve the H-265 quality with a larger file size.
My comparison of Destiny to H-264 was made because up until now H-264 seems to be higher quality than Destiny videos for most people viewing the prototypes so far. If Destiny can match H-264 quality, it will be a huge success.
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I also agree that Destiny has other features that will add value such as secure video files, watermarked videos, etc. I did not raise those points, but they are great assets to Clipstream G2 potential that should not be ignored.
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I am also excited about the upgrades occurring in the Cable Modem space with Comcast Xfinity services that run to the home at up to 1 Gbps. If home networks can run at 100 Mbps or higher, the file size issue is gone so that Clipstream G2 can deliver ultra-high quality videos that run on 68 inch Televisions in the home.
Thanks to all for your additional comments.
The action movies are going to be shown with H-264 and H-265 quality - not anything less.
(1) Netflix and Hulu can afford to pay the license fees.
(2) That technology is going to be better than the royalty free technology no matter who says anything differently.
The consortium of Apple, Intel, Microsoft, et al can encourage hardware vendors to add whatever embedded graphics processing technology into new devices to make new H-265 compatible devices work better than 1 year old devices. The strategy that underlies the H-265 quality is one that encourages everyone to upgrade their technology tools as soon as their is a better quality video standard available. However, how many people are going to retire their iphone 5 for an iphone 6 just for the improvement in speed and quality of graphics from H-264 to H-265 standards?
Right now, Destiny will pursue the second tier market. Small publishers, amateur videographers and educational video companies because they want lower costs and simplicity over extreme quality at higher costs and complexity.
Destiny may develop a version of Clipstream G2 that uses H-265 at some point to reach the high-end customers, but that would be down the road a bit unless Netflix wants to pay the royalty bill through a licensing deal.
Once Destiny commits to running H-265, they will be on the hook for those royalties every year for a long while.
If Destiny can achieve near H-264 quality with their royalty free solution, then they have a killer application.
These vision statistics confound the HD video issue.
With some posters here complaining about a necessity for HD I started to be intrigued about who needs HD when vision is rarely 20/20 to begin with.
So it appears that more than half of adults need corrective eye wear to fix their vision issues. So they are used to seeing some degree of blur whether it is far-sighted issues or near-sighted issues.
HD is better than lower quality, but when it comes down to it many people who see HD may see blurs due to their own vision issues. So what is the big deal about HD vs slightly less than HD?
Statistics:
143 million adults wear prescription eyewear (64% of the adult population).
Over 70% of the work force requires vision correction.
https://www.mesvision.com/includes/pdf_Broker/MESVision%20Facts%20and%20Statistics.pdf
I tried running a financial video at CNBC's website video.cnbc.com, but it fails to display on screen much less run on my 1.3 Mbps connection.
Maybe CNBC will need Clipstream G2.
Clipstream Product Page. Is This New?
I didn't know hardware companies were a target.
http://www.dsny.com/clipstream
Customers will include:
Advertisers who want to run video ads on other sites and in other videos
Market research companies doing video surveys
Web sites featuring video content
Large sites where video is a key part of their offering
Radio stations looking to offer automated internet radio
Hardware, such as internet enabled surveillance cameras
Arris Group will showcase new products next week.
Some of these products have MaxLinear DOCSIS 3.0 chipsets.
http://finance.yahoo.com/news/arris-debut-advanced-broadband-connectivity-204600385.html
Arris was upgraded to outperform on Friday.
http://finance.yahoo.com/news/arris-group-upgraded-outperform-211839974.html
So the upgrade of MaxLinear makes a lot of sense - IMO.
MaxLinear is presenting at the Morgan Stanley conference on Feb 25th.
http://investors.maxlinear.com/phoenix.zhtml?c=233477&p=irol-EventDetails&EventId=4909507#
Video is available through the link.
Is this the sign that you are panicking because you are short or you sold are your shares?
No one wants to pay the royalties for H-264 and H-265 except the billion dollar market cap players who probably get a kick-back because they own a share of the video patents. Thousands of companies will use Clipstream G2 instead to save millions on video servers. Clipstream G2 may eventually get some mega-size customers as hardware and bandwidths improve and they figure out the HD solution.
I love that fact that you sound unhappy now. Clipstream G2 is ANYDAYNOW.
Simple math says you are wrong on many of your statements. So unless you wake up, you stand to lose big although I do not mind that at all.
The market growth of video is huge. Youtube dominates the market because video streaming is impractical for small customers to set up their own video servers until Clipstream G2 is out. Brightcove is trying to steal some of Youtube's business, so we know the need is there.
Real media companies can't use Youtube since it disrupts their brand identity. So they have to work out the video streaming solution on their own or contract with the likes of Brightcove. Everyone with a smart phone is a cinematographer now. Videos are exploding now and Clipstream G2 will be supporting that growth.
The competition among Mozilla, Google, and Apple will be great for Destiny. The topic of videos on smart phones will be going on worldwide for years as these competitors try win over market share.
Q3 starts in March.
Mozilla intends to release a Mobile phone OS soon to compete with Android and iOS.
http://finance.yahoo.com/news/firefox-takes-smartphone-powers-apple-170938478.html
They have gathered the support of many large phone developers who want to market lower priced phones into the developing countries in Eastern Europe, Asia, South America and Africa. They are standardizing on the HTML 5 platform as its foundation. Mozilla will be showcasing the OS in Barcelona this week.
Clipstream G2 should run natively on all these new phones.
With three major phone OS's on the market, the Windows OS phone market share will dwindle to zip.
There are two problems with your comparable.
(1)
If you click on this video, you will see that it probably is an Adobe Flash image on your computers.
Adobe Flash is not compatible with all devices so this video type isn't comparable to Clipstream G2 since most Apple devices won't run Flash.
(2)
In the short-term, Clipstream G2 may match the H-264 image quality when they chose to use a royalty free platform. Youtube videos skirt around the royalty cost because Google can pay the maximum yearly fee which equates to fractions of pennies per video. Smaller video publishers can't do that.
If you have a computer model with a low end CPU, you may not be seeing the best quality image despite your high-end speed.
Clipstream G2 prototypes improved a lot this week.
A week ago, the software did not work will on older, slower computers. Now, a lot of users are watching videos on even slow connections and slow computers.
This week might be the release week with the AGM meeting on Thursday.
Sorry Van. You are correct. It is the Vancouver exchange.
I thought the Frankfurt Exchange delisted the existing OTC stocks late last year although you can still trade them.
The reason they won't delist from the Toronto exchange is likely due to their Employee stock plan that is handled through the Toronto exchange to keep all the transactions in Canadian dollars or other legal reasons.
Price drop to .735 cents. Who is selling?
I loved buying at 75 cents.
No more problems here. I run great on my 1.3 Mbps connection.
I even ran videos on an old 2002 Dell laptop with 512 Mb RAM. After I upgraded the Firefox to the HTML 5 version for XP the videos ran fine with a few spinning pauses to let the processor catch up. The CPU was pinned at 100% usage during the videos while my current Toshiba laptop runs at 5% usage.
Here is a Brightcove discussion about H-265 with the following statement in it.
'Although there will be a lot of talk about H.265 this year along with some awe-inducing demos at trade shows, it is more likely to become mainstream in roughly three to four years.'
http://blog.brightcove.com/en/2013/02/h-265-moving-industry-forward-not-quite-yet
If Clipstream G2 incorporates H-265 capabilities Destiny will be on the hook for the royalty payments of up to 6.5 Million per year.
Initially, Clipstream G2 will not include H-265 features since it hasn't been out long enough yet to be widely adopted. It really comes down to a decision by Destiny customers whether they also want to pay the royalty.
Destiny might offer two different versions of Clipstream G2. One version with H-265 for the big players who can pay 6.5 million because they have multi-millions of videos to broadcast and one version without H-265 for the small companies who do not need the highest quality or can not afford to pay the 20 cents fee per video broadcast.
There are some new challenges to work through to incorporate H-265. H-265 is designed to off-load graphic processing to graphic processing chips on new devices. All the old devices will not have that capability. So whether Destiny can use H-265 and make their claim for one video for all devices is a decision that needs to be made after Clipstream G2 is released and successful.
There is plenty of business for Clipstream G2 without H-265 if they get all the current design features working.
Contact Steve about your issues. Destiny is working to improve how the videos run on slower CPUs.
What model of computer / year / OS are you using? They have fixed most of my low bandwidth issues - so the videos run great now.
The Intel Media solution won't be available in the US until late 2013 or 2014. I guess Intel is starting the service in Europe first.
cci, it sounds like some bugs that I found yesterday. Today I do not have that problem.
It might be browser specific issues that they have not fixed yet. I am using Firefox. The short videos work fine today.
FYI - the new downgrade message says - Downgrading - slow internet connection. If you are getting the slow CPU message, either you are running a video that has not been updated yet or you are running a video that is cached at your ISP instead of the new version - if that is possible.
cci, The videos were updated last night. I tested the short videos this morning.
They are still improving the downgrade adjustment issues today, but they ran well on my 1.3 Mbps connection.