$DIRVD RIPPING THIS WEEK PRICE TARGET 0.2 READ THI
Post# of 102241
Posted On: 08/18/2016 1:22:08 PM
$DIRVD RIPPING THIS WEEK PRICE TARGET 0.2 READ THIS:
Adjusting price target to $0.20
We are updating our price target for DirectView to $0.20 to reflect the reverse split and issuances of new shares and convertible securities that exceeded our initial thinking. We continue to see the company as a speculative investment in the rapidly growing market for body-worn cameras in law enforcement. Recent current events clearly highlight the growing need for BWCs such as DirectView's DV-x1 for both law enforcement officials as well as those with whom they interact. We are hopeful that the company's new product line is hitting the market at the right time and that DIRV can begin to show sales leverage from its BWC development efforts over the next 12-18 months. Mitigating this view are the considerable financial and operational challenges faced by the company due to a weak balance sheet and negative cash flows.
Adjusting price target to $0.20
We are updating our price target for DirectView to $0.20 to reflect the reverse split and issuances of new shares and convertible securities that exceeded our initial thinking. We continue to see the company as a speculative investment in the rapidly growing market for body-worn cameras in law enforcement. Recent current events clearly highlight the growing need for BWCs such as DirectView's DV-x1 for both law enforcement officials as well as those with whom they interact. We are hopeful that the company's new product line is hitting the market at the right time and that DIRV can begin to show sales leverage from its BWC development efforts over the next 12-18 months. Mitigating this view are the considerable financial and operational challenges faced by the company due to a weak balance sheet and negative cash flows.
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