I am still holding my stock... unfortunately.
The price per share right now reflects only the value of MPE and really most people are completely discounting Clipstream to zero value right now.
Overall revenues were basically flat year-over-year in 2014 unless you think $100,000 up or down is a significant amount – I don't. I don't quite understand why revenues in '11 and '12 were 4M and then revenues for '13 and '14 were both @ $.4 million less. I wasn't a stockholder in 2011 or 2012, so maybe somebody can clue me in as to what has changed. Destiny also had better operating income and a positive net income back then which started disappearing in 2013 and then did go negative in 2014. Who wouldn't be worried about that trend?
I too am wondering if there is some fatal flaw to Steve's Clipstream technology. At the moment, it looks like there is because he's been unable to show us differently and they have had at least 12 months to do so. I'm not optimistic now I'm merely hopeful.
I don't have much to lose by holding and if we get (extremely) lucky maybe they can pull a rabbit out of the hat. As it stands now Destiny Media is my worst investment ever, lifetime.
As much as I despise that kind of poster, it would have been better if I had taken Keibuko's bash to heart.
Brooklyn's point questioning why anybody would want to sell at these prices/at this level when the company has a real business with recurring revenues is well-taken however. Only a fool or someone who desperately, desperately needs the money would sell now at almost historic lows. Stocks fluctuate. It won't stay here forever and it is not likely that will go down significantly from here.
