$DIRVD BIDS ALL STACKED ABOVE 0.01 UP 40% ONLY 23M
Post# of 23611
Posted On: 08/18/2016 9:49:11 AM
$DIRVD BIDS ALL STACKED ABOVE 0.01 UP 40% ONLY 23MIL OS:
Reverse split completed August 2, 2016
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.
Reverse split completed August 2, 2016
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.
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