Destiny Media Tech Inc (DSNY)

[dsny2014]

star, your guess is as good as mine. If you regularly following Van's updates and listen to Destiny's quaterly CC, you know what we can expect.

Here is what Van thinks is going to happen in a very near future
(from his latest Update):
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Insider buying followers. Management said they would be executing an employee purchase program. In addition, this combined with the employee options that were exercised/converted should be reflected in S.E.C. filings. There are a lot of investors that will invest in companies just based on insider buying alone.

Likewise, there are two other conditions that could be developing in the next couple weeks.

Uplist investors. As we already know, Destiny has announced they will be trying to get uplisted to the NASDAQ. There are investors that will buy ahead of this event. Savvy investors, knowing that a NASDAQ listing brings in institutional investors, try to buy ahead of this uplisting.

Short-squeeze investors. There are investors (we know some of them) that will specifically target a short-squeeze opportunity. As subscribers know, there may be a very large naked short position (http://en.wikipedia.org/wiki/Naked_short_selling) in DSNY (we have discussed many times before). As previously stated in our first January update, they WOULD NOT want to see Destiny get NASDAQ listed. In a smartly calculated move by the BOD, not stating a specific reverse split ratio prohibits a short-seller from knowing what price to keep the stock trading under to prevent this. Indeed, for the past 4-6 weeks notice how there was serious resistance at $2 the closer DSNY got to receiving NASDAQ approval. We don’t think this was a coincidence. Even more, this shorting entity now knows Destiny could implement an undetermined reverse split by the shareholder’s meeting February 25, 2014. Besides, DSNY would only need the stock to trade at $3 (after or before a split occurs) for five trading days and they determine if/when to reverse split keeping any naked short guessing. With all this being said, there is very much a possible short-squeeze situation setting up here. Rest assured, if HTFBSN sees this starting to develop, we plan to notify our short-busting friends.

In our opinion, the reason this alleged naked short couldn’t be busted before, is that the amount of available shares they could sell previously has been unlimited. At a stock price of $1.99, the company has a market capitalization of roughly$100M. In this case, the shares are still unlimited, but the price and market cap they would have to continue selling short could be down to $31M.
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In addition now we know that Destiny has already started serious advertising and will increase its intensity (per Steve: We expect to start running 10's of thousands of impressions per month of our commercial on streamingmedia.com. We're just dotting the i's on the agreement.)

That's also should be a positive. When more people would learn about Clipstream, it would bring not only the buyers for the product, but also the buyers for the stock.

Again, I like FreedomThinker's prediction in his post #8005: "I think all of you who have stocks in Destiny are going to make out like bandits give it a few more months and all that stuff some of you guys are assuming will turn out to be just that, Assumptions Not Facts."