06-14-2013, 02:06 AM
2168 timorr March 11 2013
from stockhouse
user date & time rating
emailed to DSNY
Here is part of the reply: "There is nothing at all negative business wise to justify a decline in price.... expect good news flow over the next few weeks." ..
BestYtTC11
3/10/2013 1:27:49 PM 4
Read more at http://www.stockhouse.com/companies/bullboards/DSNY/Destiny-Media-Technologies-Inc.#4JTqxf0zhDJKDRiw.99
user date & time rating
emailed to DSNY
Here is part of the reply: "There is nothing at all negative business wise to justify a decline in price.... expect good news flow over the next few weeks." ..
BestYtTC11
3/10/2013 1:27:49 PM 4
Read more at http://www.stockhouse.com/companies/bullboards/DSNY/Destiny-Media-Technologies-Inc.#4JTqxf0zhDJKDRiw.99
2206 Vangorilla March 13 2013
What happens when the guy you are suing in a lawsuit dies?
Looks like the guy that was behind the massive short selling campaign, passed away.
(Original story) 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.
This story came out last week: http://markets.hpcwire.com/taborcomm.hpcwire/news/read?GUID=23620317
SASKATOON, SASKATCHEWAN -- (Marketwire) -- 03/06/13 -- GESPEG COPPER RESOURCES INC. (TSX VENTURE: GCR) (the "Company" or "Gespeg"
, announces that Mr. R.A. Bruce McDonald, a director and non-executive Chairman of the Company, has passed away. Mr. McDonald was a valuable member of the Board and he will be greatly missed.
Looks like the guy that was behind the massive short selling campaign, passed away.
(Original story) 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.
This story came out last week: http://markets.hpcwire.com/taborcomm.hpcwire/news/read?GUID=23620317
SASKATOON, SASKATCHEWAN -- (Marketwire) -- 03/06/13 -- GESPEG COPPER RESOURCES INC. (TSX VENTURE: GCR) (the "Company" or "Gespeg"
, announces that Mr. R.A. Bruce McDonald, a director and non-executive Chairman of the Company, has passed away. Mr. McDonald was a valuable member of the Board and he will be greatly missed.From DSNY's 10K
On November 8, 2011, the Company was served with a Notice of Civil Claim in the Supreme Court of British Columbia from Noramco Capital Corporation for $100,000 plus interest. The claim asserts that the Company has repudiated a subscription agreement entered into in, or around, August 2000. Management believes the claim is without merit and that the likelihood that the outcome of this matter will have a material adverse impact on its result of operations, cash flows and financial condition of the Company is remote. The Company has filed a counterclaim for damages arising from a proposed private placement in 2000 which did not close. The Company alleges that the beneficial owner of Noramco was a partner in the firm that was leading the proposed financing
2237 Vangorilla March 14 2013
In this case, it is called "naked"...because it never gets reported.
Get the book "Fleecing the Lamb" and read the chapter about Bruce.
Read this link:
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 private placement was in the neighborhood of $35m
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.
If you have any understanding on how investment firms short shares of companies they intend to do financial offerings with, you will put the pieces together.
Who do you think throws those 150k share offers when the stock gets frisky?
Get the book "Fleecing the Lamb" and read the chapter about Bruce.
Read this link:
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 private placement was in the neighborhood of $35m
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.
If you have any understanding on how investment firms short shares of companies they intend to do financial offerings with, you will put the pieces together.
Who do you think throws those 150k share offers when the stock gets frisky?