Replies to post #2633 on Destiny Media Tech Inc (DSNY)

[einstock]

You are obviously new at nanocap investing, let me explain.

99% of these tiny companies have some kind of toxic financing on the books. With DSNY, they aren't in the 1%, they are more like the .1% in that they have no toxic financing, they are buying back shares (retiring them) AND funding new products with their cash flow...AND are still very profitable.

I am sure DSNY could have done some financing deals in the last couple years but instead chose to buy back their own shares. They are saying we think our shares are undervalued here.

What you must also realize is that when DSNY does buy back stock it gets retired...YOUR STAKE in the company becomes more valuable because there are fewer shares outstanding.

Oh yeah I almost forgot. The fewer shares that are available to be purchased makes it even harder for a short to cover.