Might want to read this on DIRVD. Split creates an extremely low float and convention could bring in a lot of new orders.
DIRVD Revenue Run Rate In Excess Of $6 million!
As a result of the reverse stock split. the number of outstanding common shares have been reduced to approximately 4.9 million shares. The reverse stock split also applies to common stock issuable upon the conversion of outstanding notes payable and convertible preferred stock, and upon the exercise of outstanding warrants and stock options.
DIRVD is also coming in hot off the heels of multiple acquisitions that could present HUGE POTENTIAL for the company. In a statement from the company's CEO and Chairman Roger Ralston:
"2017 has already been an exciting and transformative year for DirectView with our recent acquisition of Virtual Surveillance, LLC and ApexCCTV, LLC placing our Company on a revenue run rate in excess of $6 million...We believe the completion of this reverse split is another important step in the implementation of our roll-up strategy of security and surveillance-related companies that will be accretive to both revenue and profitability. We are already seeing increased business activity at our newly acquired subsidiaries as well as with other potential acquisition targets."
You can read through these two key announcements here:
DIRVD Completes Acquisition of Two Privately Held Texas-Based Security and Surveillance Companies With Combined Fiscal 2016 Revenue of Approximately $5.3 Million
DIRVD completed the acquisition of Video Surveillance, LLC and ApexCCTV, LLC (the 'Acquisition Companies'), two Texas-based video security and surveillance companies, operated and solely owned by Mark D. Harris. Based on the unaudited financial statements for fiscal 2016, the combined revenue of the Acquisition Companies is approximately $5.3 million.
DIRVD's Newly Acquired ApexCCTV Chosen for Exclusive Marketing of a Select Group of Samsung Surveillance Products Valued at Over $1Million
ApexCCTV, LLC has been chosen and is today beginning a exclusive marketing campaign specific to four Samsung surveillance products.
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