Destiny Media Tech Inc (DSNY)

[einstock]

This might explain things. This is what I am surmising.


Several weekg ago, (about the same time we saw the selling pressure picked up), The Frankfurt Exchange (Germany) announced that they would be delisting all US Bulletin Board stocks, this includes DSNY. DSNY was never notified that they would be delisted Dec. 15. It was only after the company received emails from their German investors did they discover this.

German investors hold (or did hold) approximately 10% of the shares outstanding (approx 5m shares). Fearing their shares would be delisted, and unable to sell, they have been selling aggressively.

When DSNY contacted the Frankfurt Exchange and explained that DSNY is ALSO traded on the TSX Toronto Exchange (which has higher regulatory filing requirements) they said they would be extending their listing.

As far as I know, the Frankfurt Exchange has not publicly announced that DSNY's listing would be extended.
So if you're a DSNY investor in Germany, you dont expect it to NOT BE DELISTED, and you only have a few days left. Unless the investor was contacted by the Exchange or the company, you would just assume that it would be delisted.

This is the only explanation I can think of why anyone would sell now.