Destiny Media Tech Inc (DSNY)

[DSNY_Guy]

Is it time to think about liquidation?

Nobody puts money into a microcap stock with single digit revenue growth and negative income growth. While Steve wasn't the most honest guy, at least he was thinking big. Now instead of Steve siphoning off a bunch of money, Fred and the team of executives are now getting as much if not more. We're getting a line about market penetration being the key to growing revenue, but there is no real plan to get to the 2 or 3 times current revenue that would be needed to make it worth holding this stock, just vague statements about how they are only 5-10% of the current market and the same BS every quarter about sales that somehow don't translate into moving the revenue bar by much. They aren't moving fast enough to bump up that market share, and as evidenced by Fred's spiel in this latest conference call, the market is changing.

If staff was cut back to a skeleton crew for a year or so, there would be $5mil in cash on the books. Paying out the cash as a dividend and selling to a competitor might net shareholders a reasonable profit.