Replies to post #5408 on Destiny Media Tech Inc (DSNY)

[Dagshah]

If funds are needed in the future, wouldn't that be the time to do a capital raise? In fact, Dsny could issue fewer shares and take in more cash, as the pps is much higher now. I'm not saying your criticism about the buy back is per se wrong, but I can't find merit in this particular argument.

[commoncentsinvestor]

"How many times will Destiny be challenged, what will that cost, how big is the war chest? There's a chance this could get ugly, esp. if Clipstream is all that -it's the way the world works when huge money is at stake - good to have some cash on hand, that's all I ever meant."

No, that's not all you ever meant. Back at the time of the repurchase announcement you thought it was stupid and that the money would have been better spent on marketing.

Besides, if Destiny's patents are challenged,the little bit of money they spent on the repurchase would be just a drop in the bucket as far as legal expenses are concerned. I currently own a stock (MITK) who is in a patent lawsuit and their quarterly attornies fees are about $1M.

Why don't you just admit that you were WRONG about the repurchase and we will all forget about it.