Destiny Media Tech Inc (DSNY)

[DoughDiligence]

The problem with Destiny is only in its appearance - like a skinny kid who turns out to be a top producing model years later.

Destiny's earnings have not been on a huge uptrend yet. Their legal battles with trademark violators, patent infringing companies, and a disgruntled former employee have eaten into their profits. Destiny has won every battle they have fought in court, but they did not get any big lump sum payments. Instead, they have 13,000 per month receivables from a 800,000 award in Australia. They also received 600,000 from Yangaroo in 2011 which covered most of their legal fees for court costs. They also spent a lot of money on R&D for Clipstream G2 and Play MPE upgrades.

In May, Play MPE v5 was released after two years of upgrades. New versions will be released in multiple languages to accommodate growth into new international markets. Clipstream G2 will be released in January (the plan).

While the in-depth researchers see what is coming, the financial benefits of Play MPE v5 will not show up until November and January. Clipstream G2 revenues will start to kick in after that. I chose the destinydough identity out of respect for what Destiny will generate for my bank account.