Please Read it Yourself: When We don't Know Yet
This was posted in:
Filed 02/13/17 for the Period Ending 02/13/17
Address 21218 SAINT ANDREWS BLVD.
SUITE 323
BOCA RATON, FL 33433
Telephone 561-750-9777
CIK 0001441769
Symbol DIRV
SIC Code 4899 - Communications Services, Not Elsewhere Classified
Industry Communications & Networking
Sector Technology
Fiscal Year 12/31
Following the Reverse Stock split, there will be approximately 900,220,562 additional shares in the event of a 1-for-10 reverse stock split and 995,011,029 in the
event of a 1-for-200 reverse stock split (depending on the number of fractional shares that are issued) additional shares of Common Stock available for issuance by
the Board, without further shareholder approval, for stock dividends, acquisitions, raising additional capital, stock options or other corporate purposes. The
additional shares of Common Stock could be used for potential strategic transactions, including, among other things, acquisitions, strategic partnerships, joint
ventures, restructurings, business combinations and investments, although there are no immediate plans to do so. Assurances cannot be provided that any such
transactions will be consummated on favorable terms or at all, that they will enhance stockholder value or that they will not adversely affect the Company’s
business or the trading price of the Common Stock. Any such issuance of additional shares of Common Stock could have the effect of diluting the earnings per
share and book value per share of outstanding shares of Common Stock, and such additional shares could be used to dilute the stock ownership or voting rights of a
person seeking to obtain control of the Company. The Board is not aware of any attempt to take control of the Company and has not presented this proposal with
the intention that the increase in the number of available authorized shares of Common Stock be used as a type of antitakeover device. Any additional Common
Stock, when issued, would have the same rights and preferences as the shares of Common Stock presently outstanding. Other than convertible notes and other
agreements previously disclosed by the Company in its public filings, there is currently no plan, agreement or other understanding that could require the Company
to issue shares of Common Stock
