Destiny Media Tech Inc (DSNY)

[brooklyn13]

Of course I know about Noramco, but let's look at some history: Noramco's involvement is believed to have begun in about 2000 - on May 1, 2000, DSNY closed at $1.87. That was really priced much too high based on the fundamentals, i.e., revenue, and was actually a good candidate to short, on that basis. By 10/1/2001, the closing price was .09, so if Noramco went short millions of shares in 2000, as is rumored, they would have made a nice profit, a really nice profit. What I don't understand is why they would continue or increase a short or naked short position at that point and to hold it for 10 years or more- MPE revenues were picking up, Clipstream eventually made it onto the horizon, and the company was not going to go broke. Even if it did, that's a lot of money to commit for a max .09 profit per share. So, I've concluded that I don't believe that there is some monstrous amount of naked short shares outstanding that dates back to whenever.