Destiny Media Tech Inc (DSNY)

[DSNY_Guy]

Well none of us should be surprised. The reverse split was first approved years ago and has been there on the SEC filings. The original reason for the split way back when was to get the share price above $5 (it was a buck something at the time) so DSNY could get listed on the NASDAQ. Doesn't sound like that's the idea here obviously.

Reverse split is usually bad for price, buy back is usually good. Both usually mean they're out of ideas and are resorting to manipulating stock price with financial engineering instead of, you know, actually growing the business.

I figured they were going to buy back a bunch of Steve's shares as a way to kill the lawsuit, but doesn't sound like that's what's happening either.

I'm reserving judgement until I hear more about the strategy here from Fred. Might be some reason for wanting to get it over a buck, and it will make revenue and income more obvious. Anyone else have thoughts?