Destiny Media Tech Inc (DSNY)

[4starman]

I'm not talking about my personal buying and selling. I am not knocking the stock or the company. My first purchase was in Sept 2011; heavy purchases since the announced commercial prototype for disruptive streaming video technology in 2012. Like most, I invested in this company because of the story. A story stock trades on optimistic expectations. A story stock’s valuations may be out of line with its fundamentals, but that's okay since investors are willing to buy the story and participate in its future prospects. In Destiny's case, a small company in the technology sector with no debt, great core business with big name corporations as clients, develops disruptive technology, launches product and then ...

The point I am making is we are at that crucial point in the story. We had the hype; saw what potential profit there was to make; lost equity but not hope. We are now at the part of the story where everyone is wondering are we getting the dynamic company we thought or not. Is the big news coming?

I don't think I am that much different than most when I say that I am looking for a very near favorable press release or big announcement. The lure of owning this stock was not steady rise in assets and income. People bought for the story - disruptive technology leading to explosive growth and profits.

Some might be looking at the CAGR. Even the company now seems to be trying to attract new investors by describing itself as a growth company with its March Investor Presentation - "forecasted 69% rise in Compound Annual Growth Rate between now and 2018."

Three or four years is too long of a wait time. The future needs to be now.