Thursday, January 17, 2013 12:47:16 AM
I was thinking tax loss selling. That makes the most sense, in which case the price should plump back up to where it was before the selling began back to an $.80 - $1 range and much higher if the video works as advertised. That should give a really nice short term return for traders.
Based on my email to the company, Play MPE hasn't launched yet. The PR from last May hints at it. They are still building out the smart phone applications and revenues won't increase until they are out. In a way, that release was kind of misleading as the product is still under development.
http://dsny.com/node/1284
The new website (www.plaympe.com) and Mac, PC and 'Direct to Web' versions of the player software were made available beginning on May 15th. iPhone, iPad, Android, Android Tablet and Blackberry versions are under development.
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