$DIRVD DIRV CEO Roger Ralston announced that Dire
Post# of 53545
Posted On: 08/16/2016 10:10:04 AM
$DIRVD DIRV CEO Roger Ralston announced that DirectView completed a 1:35 reverse stock split on August 2, 2016. The announcement estimated new basic shares outstanding at 23mn. In our view the reverse split is the prudent course of action given the rise in shares outstanding after capital raising activities by the company over the last year to fund operations and develop / promote the new body worn camera product line caused significant dilution. DirectView shares will trade under the ticker DIRVD temporarily to reflect this action.
https://finance.yahoo.com/news/seethruequity-...00699.html
https://finance.yahoo.com/news/seethruequity-...00699.html
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