Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
nah, Yangeroo went bankrupt a long time ago and that was the fun time with the war between the two companies. No blame, everyone makes their own bed in the stock market. I made a lot of money when Destiny exploded up and have lost a minor amount on its way down, so I have no regrets. Key for me is with any stock it is the story that has to be a story I want to follow and mgt that I trust. Last post. glta
I sold the last of my shares yesterday and last week, not because I think the stock will go down though it might, but because I don't want to follow the story any more. It has turned sour for me. It was at one time an interesting story with great potential and an open door with the ceo. Now it has turned into the worst possible of situations, closed door and disdain for shareholders as exemplified by the firing of Borland without explanation or reassurance that the business is ok. Part of the problem is that even saying the business is ok is not something the market can rely on. But not even bothering to reassure shareholders is bad news. I hope for everyone still in the stock that it goes up. For my part, if it does, it will be like any other stock that I don't follow, no regrets.
your posts remind me of the days when Yangeroo waged war with Destiny and there were posters from Yangeroo on the Destiny board at RB who predicted Destiny's demise. I just get that feeling there is a connection, not to say some of your critique of Destiny and Steve doesn't have merit, but the whole of it is not accurate. There are assets, there are relationships, there is a business that has a fairly good moat, and there are ways that PlayMPE could be bigger. As for Clipstream, it remains to be seen whether it can achieve the quality necessary to compete with existing formats.
the lack of a PR to reassure the market is hard for me to understand. If you have to so suddenly terminate Borland's employment right after just promoting him to COO and granting him options, you owe the market an explanation or some context. To just dump an 8K with complete disregard for its impact on the market, on the owners of the business who are not insiders, is really a disgrace. What were they thinking or were they thinking of the shareholders at all?
there is no universal contract to lose as it has been month to month on the old one that is advantageous to universal. Destiny has always needed the business of the majors in order to get the independent business and there is no reason that I can see why that formula has changed because Borland has been fired. To relate his firing to the loss of universal is preying on the panic and I would rather be a buyer and take my lumps at the current price than believe that Borland's firing means universal is lost and all is lost.
I am looking forward to being at MSRT's presentations at Marcum and then at LD Micro. Those are two excellent conferences, with the differences between the two exactly what you would expect from where they are held, Marcum shirt and tie in NYC, and LD in an LA hotel with a lot of open space.
Borland presenting is big news. As for time better spent at home working, the day spent at a conference, particularly one near to Vancouver, is one day.
What is often lost sight of is that being at a conference gives investors who are interested in a company a chance to meet 1x1 with mgt without having to travel to the company to do it. Just a really convenient format for getting up to date. The opportunity to meet Borland, at least for me, is critical to being up to date, and without it, I'd rather focus my money and efforts on companies that make themselves available so that I can be up to date.
well I might be around since there is no one to sell to without sending the price back to where I started buying back in
good grief. Steve never liked presenting and it showed. Now Destiny is in new hands with new direction and focus. Isn't that a story you want to get around? It will at least get the story of the turnaround spread wider than it is now where the only ones aware are those who for one reason or another can't let go of the Destiny story/stock. Destiny has big news just by having Borland presenting
There is another side to presentations, particularly at LD Micro. The founder and promoter of LD is Chris Lahiji who has been a supporter of Destiny for at least ten years and has never given up on Destiny. Bringing him up to date is worth the price of admission in and of itself.
I accumulated a position in Destiny and was looking for more. Now that I see it is in reclusive mode despite the takeover by Borland, I just want out.
I was going to attend the IDEAS conference in Boston to catch up on Destiny, but it is no longer on the list of presenting companies. Bummer. Companies that don't want to present at investor conferences is a big negative for me.
back in the day when Destiny was fighting Yangeroo and Raging Bull was the mecca for posting about Destiny it was fun. Then came the over hyped cross platform video to change the world and How To Find Big Stocks and the great pump up and sad descent to where we are today. But I think the opportunity is back and though there are no guaranties, I like Destiny at .40. The stock has already proven it is not going to .15, and there are two big stories going on.
First, for the first time ever there are marketing minds at work looking for ways to monetize MPE. There must be ways to do that given that MPE is the dominant medium for the distribution of pre-public release music, and it has a worldwide network of radio stations. Second, G2 is much better than it was, still not HD to my eyes, but so much better that it should have some viability as a product, maybe not much but enough not to be a total drain on what MPE generates in revenue.
For some reason that song Be Happy comes to mind and seems to be the one thing lacking.
AS is 200M and OS according to he 10K is 39M
If the Denver rally which has created this run up generates many new subscribers then the stock will continues its run to over $2
no doubt, but PlayMPE should be robust this year with the new marketing emphasis. Years ago that was all it took to send the stock up was positive news about PlayMPE and that is where I think the news will come and the stock will go up.
I thought the stock's reaction to the CC was good given the big jump from .30 just recently. I still believe that the next move will be PlayMPE based and not Clipstream, and that the marketing focus on PlayMPE is going to pay off big time and much more quickly than Clipstream. This is literally a new company, a stodgy tech company is being reshaped and redirected by marketing pros.
The risk is that the capital needs are going to require some financing before the increased income is generated, but weighed against the enhanced prospects for PlayMPE, and Clipstream, it is a risk worth taking.
The whole thing reminds me of those TV make over shows where they re-do a person's appearance and it can be very dramatic and very positive, not just from an appearance point of view, but internally for the person. glta
I think if the stock can hold up in the face of the increasing competition that is a very good sign, and the issue is not intellectual property but how the company works its consumer base and advertisers. It has the advantage of being rifle shot focused on pot,and though its competitors like tinder have the advantage of a much large subscriber base, their base is shotgun dating of which pot is just a subset. Could be a big subset though and I am just not familiar enough with dating sites to evaluate how creating a subset for pot users is going to play out.
I have concern about the capital that may be needed to deal with the competition, more capital than the Company may have expected to need. If you have ever seen the old Ben Hur film there is a naval battle scene in which the rowers go from battle speed to attack speed to ramming speed. MSRT has to get to ramming speed very quickly. If it can, the stock can move with it.
the whole impression was of a reorganized re-energized company that had just had a Silicon Valley transplant. From the back room to the show room. Not to forget Steve from where the toys and Borland comes from, but having Borland front and center is major.
I couldn't listen to the call and am halfway through the transcript but thought I'd post what struck me the most was the imprint of Borland on the call and on the re-structuring of Destiny. That to me is the most important development and harbinger of good things for the future.
why not just point out the truth and previous examples of the other poster not being accurate. I know from first hand experience how frustrating it is not to call a liar a liar, but if you want to see how that works out check the yahoo boards that are unsupervised.
I agree with both of you. It is a question of when you buy in. There are a lot of people holding back thinking the stock will go down and then they can buy with a good chance of making a score.
One wildcard is future need for capital. Does MSRT have enough cash to get to where it needs to go to make money. If it does, then the $1 a share makes more sense. If it doesn't, then the dollar a share makes no sense.
I think the price needs to be cheaper to attract buyers and create a market in the stock. There are a lot of shares overhanging the market and the crowd that is supposed to be buying this kind of stock is hanging back - - check out the posts from guys who play these kinds of stocks. No buyers can become a habit.
I'll be away for awhile.
rough cut about the shares
Mgt has 30M
Dutchess has 20M (I could be wrong about this total, there are all sorts of overlapping ownership possibilities that could reduce this)
What did stick out is that Dutchess and its mgt got a lot of stock cheap, and has 4M warrants exercisable at $.001 and 4,750,000 warrants exercisable at $.40.
Bottom line there are plenty of shares that were acquired for very little money (justifiably given the stage the Company was at the time)that can be sold now. Although there is every incentive for the control group not to sell their shares at this time, the shares can be sold when they want to, and at an initial market pricing of a buck a share, they have already made ten times their money or more.
The number of shares that the control group does not control is in the SEC filings, I haven't figured out how many shares that is, but those shareholders have a different perspective than the control group and are more likely to sell for a quick profit.
The more I learn about MSRT, the more I like the Company and the less I like the stock.
the Company derives no revenue from the S1 stock
first thing I need to check out is who are MSRT's business partners. Any info or suggestions where to look please post.
timing is everything, and MSRT has to show progress with the advertising to keep the stock price up when evaluation time comes from the private placement investors, Also important is what the competition will be at that time, and whether the Company has the money in hand to get where it wants to go.
Clipstream gets all the attention, but the money maker present and near future is PlayMPE, and I like what I see so far with what marketing is doing with PlayMPE. Once G2 stops being a drain, Destiny is back to profitability and the future is bright.
the recent pop though large as a percentage is not large in terms of dollars traded because the price and volume were so low before.
Part of the reason the pps and volume were so low was there was a lid on PRs, the approach being not to announce anything until it actually happened. Now that the news is out, the stock is where it might have been before, or close to it, if there had been progress PRs.
I think the new floor is 50 cents and the upside is back.
the price of the stock is controlled by the insiders because they own the vast majority of stock that can currently be sold. They will lose some of that control when the private placement investors become free to sell their shares. That is the day of reckoning for the stock. The SEC filings are clear about when the investors become free to sell, and I have not done dd when those dates are.
If they don't like what they see when they are free to sell, or if there is a disconnect then between market cap and reality, they will sell their shares. There is a disconnect now, but it doesn't matter now.
Short term, buying the stock is not risky. The risk comes down the road when the progress of the Company will be measured by the private placement investors and the public. I don't see the upside now either, because the business has so much growing to do. But I've also done no dd on this.
I think this is a worthwhile company to follow. It looks like it has a smart business plan, and the right ceo.
I met the mgt at the December LDMicro and think their follow through since then has been excellent. Everything is on the come here, but my gut tells me it will be successful. A lot of different views possible on the pps, but got to start somewhere so I've bought some. glta
I think it is much improved, enough to have value for any video communication that does not require the highest quality like movies.
70k shares is not much, but it does appear that there is something brewing in the relationship of the two companies. Whatever it is, the ceo of PSTX is not buying much Dsny.
Bought 7500 at .29
It is very low right now for all the reasons you cite. If it is a no hope CC then it goes to fifteen cents, if it is a here is our progress and Universal be damned we are doing well with PlayMPE, then the stock is worth considerably more that thirty cents.
I think that DSNY & IR have been so burnt by over promising in the past that they now want to wait until there is an accomplishment to publicize, rather than risk a PR about something they expect to happen.
There is a middle ground: report what they are doing. By not doing that they are not fulfilling their responsibility to shareholders. The current state of affairs is good only for those who want to accumulate the stock
Ryan can't keep the Company or the stock going. The stock is already DOA. The business is either going to founder or be sold. It will founder because it can't make enough money to deal with its debt. It could be sold piecemeal but doing that only prolongs the agony. I don't think this is any picnic for Ryan, and if I were him I would be looking for a way out so I could land on my feet and start over.
one thing to keep an eye on with Universal K is what currency Universal will pay Dsny. The Euro's decline has hurt and will continue to hurt Dsny unless the method of payment is changed.
1 Euro equals
1.05 US Dollar
yo, I never said sell more. only see how you felt after doing selling some. Second, everything always takes longer than expected and I don' view the next Q as an either or, make or break, boom or bust, just steady progress. If no steady progress I'll bail once again.
If you want to sell some I'll buy some, and I am not the only one hovering around .30 looking for shares. glty
Why would the April CC be a blockbuster, and if it isn't, why would all hope be lost? I expect progress that will take the pps up but nothing dramatic. I have been through the same roller coaster you are on, and it helps to realize you are on a ride that is so colored by your past experience with Dsny that it is hard to see straight. I truly believe the stock goes up from here, but in steps not in swoop up. glty
I think you will do OK with what you have, and if you don't feel that way, sell more
no conversation with steve, just think PlayMPE is not a push over for Universal and the new players, Karen and Borland know how to market. That's all. Very little risk on the downside. You should sell a few shares and see how you feel.