Tuesday, January 24, 2017 7:22:14 AM
Well, thank you for describing an alternative perspective to mine. I don't usually invest in tech / software companies and I realize there's a long timeline to bring products to market and that's fine. My problem, as I've stated ad nauseum is that we've never been properly informed, we've actually never been honestly informed. Is it realistic to believe that when Destiny released Clipstream 2 a few years ago they hadn't tested it thoroughly, as is now claimed? How can you be sure that in a year, or so, this version won't be pulled from market, for whatever reasons, and that another version will have to be developed for two more years? We thought we were open for business when Steve and Dale were talking about Clipstream revenue projections during a CC, almost 1 1/2 (2 1/2?) years ago.
Steve has always tried to throw stuff up against the wall to see what sticks, selling to web developers starting at $10 / month, etc. Like I said and of course I can't verify, almost 3 years ago during the course of a private correspondence he wrote that Clipstream is "absolutely ready for prime time". This is beyond disingenuous or enthusiastic, statements like this from a CEO are illegal when not true and cost people real money. He moved the company to Nevada because that state makes it very hard for shareholders to bring suit against companies.
I have a friend who's in charge of small cap restructuring at a major investment bank and he often says that there are an incredible number of not-so-competent CEO's and I believe we have one here, too. Anyway, going forward, I've decided to slowly sell everything except for 500 shares so I can keep track, so, thankfully, you won't have to endure me much longer. GLTA.
Steve has always tried to throw stuff up against the wall to see what sticks, selling to web developers starting at $10 / month, etc. Like I said and of course I can't verify, almost 3 years ago during the course of a private correspondence he wrote that Clipstream is "absolutely ready for prime time". This is beyond disingenuous or enthusiastic, statements like this from a CEO are illegal when not true and cost people real money. He moved the company to Nevada because that state makes it very hard for shareholders to bring suit against companies.
I have a friend who's in charge of small cap restructuring at a major investment bank and he often says that there are an incredible number of not-so-competent CEO's and I believe we have one here, too. Anyway, going forward, I've decided to slowly sell everything except for 500 shares so I can keep track, so, thankfully, you won't have to endure me much longer. GLTA.
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