Destiny Media Tech Inc (DSNY)

[stpioc]

["I don't understand why anyone would buy shares, though. It's not a knock on the company but the earning potential here seems to be both limited and impossible to determine."]

LOL.

Under 20 cents it was a complete no-brainer, basically free money:
- Revenues were actually growing despite the company being greatly hampered by their PC version
- Now that the web version is out revenue growth should (and will) accelerate
- $10M market cap of which $2M in cash
- Free cash flow rapidly increasing in the past quarters due to the fact that PlayMPE is completely automated, gross margins are probably like 90% or so.

And to top it off, management committed buying up to $2M in shares under 20 cents...

Even now at 24 cents I think it's a pretty good buy. Yes, Steve might sell some from time to time depending on his cash needs, but that is actually providing some needed liquidity, it was very hard to buy a week ago.

Understandable you let your past experience color your view, but my advice is to change your glasses. It isn't actually so difficult to see what's happening, the cash flow graph in the recent SA article is a pretty good place to start..