06-13-2013, 01:47 PM
1958 Vangorilla March 1 2013
I just cant get over how a company with a profitable business (extremely high margins), and has been telegraphing a disruptive enterprise software solution cannot command a market cap greater than $40m.
There is no dilutive financing or cheap warrants (that I know of).
Look at the chart for the past 3 months..on the high volume days, it always closes at the low of the day. If you have watched this stock trade, there is ALWAYS big size when it starts to get frisky.
You know this frustrates any buyer(s) knowing there is an endless amount of stock...in turn they come away with the sense that there is no urgency to buy because there is always supply for sale.
I want to know who the large seller(s) are, and why they are constantly selling if the DSNY story sounds so good.
I have seen companies trade at 10 times this multiple with MUCH LESS potential.
The things that make you go hmmm.
There is no dilutive financing or cheap warrants (that I know of).
Look at the chart for the past 3 months..on the high volume days, it always closes at the low of the day. If you have watched this stock trade, there is ALWAYS big size when it starts to get frisky.
You know this frustrates any buyer(s) knowing there is an endless amount of stock...in turn they come away with the sense that there is no urgency to buy because there is always supply for sale.
I want to know who the large seller(s) are, and why they are constantly selling if the DSNY story sounds so good.
I have seen companies trade at 10 times this multiple with MUCH LESS potential.
The things that make you go hmmm.
1991 sons1
Over 11 years of naked shorting of Destiny's stock and we wonder why trading looks fishy everyday. If Destiny can ever force a short squeeze on these shorts this stock will explode north! These shorts will do whatever it takes to keep this stock down. They were trying to put Destiny out of business without success!
Destiny Media Technologies Inc., in response to a lawsuit it faces from Richard Angus Bruce McDonald's Noramco Capital Corp., blames Noramco for an 11-year campaign to aggressively manipulate its stock downward. According to Destiny, Mr. McDonald took a naked short position in 2000 as he was negotiating a private placement with Destiny, and in the ensuing 11 years has continued to exert downward pressure on the stock. The company says his actions have prevented it from raising money and developing its business.
The accusations come after Noramco sued Destiny in the Supreme Court of British Columbia on Nov. 8, 2011, over an 11-year-old private placement. In the brief suit, Mr. McDonald had asked for the return of $100,000 (U.S.) that he provided the company in August, 2000. He said he had planned to subscribe to a private placement, but the company failed to deliver a share certificate. He asked for the return of the money, with interest and court costs.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:DSY-1911607&symbol=DSY&;..
Destiny Media Technologies Inc., in response to a lawsuit it faces from Richard Angus Bruce McDonald's Noramco Capital Corp., blames Noramco for an 11-year campaign to aggressively manipulate its stock downward. According to Destiny, Mr. McDonald took a naked short position in 2000 as he was negotiating a private placement with Destiny, and in the ensuing 11 years has continued to exert downward pressure on the stock. The company says his actions have prevented it from raising money and developing its business.
The accusations come after Noramco sued Destiny in the Supreme Court of British Columbia on Nov. 8, 2011, over an 11-year-old private placement. In the brief suit, Mr. McDonald had asked for the return of $100,000 (U.S.) that he provided the company in August, 2000. He said he had planned to subscribe to a private placement, but the company failed to deliver a share certificate. He asked for the return of the money, with interest and court costs.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:DSY-1911607&symbol=DSY&;..