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DRSV registration revoked:
https://www.sec.gov/litigation/opinions/2021/34-92060.pdf
Debt Resolve will be revoked by the SEC on January 29th.
DRSV SEC Suspension for severely delinquent Financials:
https://www.sec.gov/litigation/suspensions/2020/34-87932.pdf
Order:
https://www.sec.gov/litigation/suspensions/2020/34-87932-o.pdf
Admin. Proceeding:
https://www.sec.gov/litigation/admin/2020/34-87931.pdf
I remember the CEO complaining about not being able to keep their tele-marketing staff from not quitting. Do you know anybody in white plains, n.y.? Have them check to see if they are still open. ??
No, They havn't even filed since last year.
https://www.debtresolve.com/finances/
Unlimited do you have any current information in DRSV. TIA
Same here can’t find any Information. blackout
What happened? I thought this was a real company with real revenue. No news, no volume. Can not get in touch with any IR.
HELP !!!!!!!!!!!!!!!!!!!!!!
$DRSV 20 times the daily avg. in volume yesterday.
Something brewing here.......
Sucks that they cannot keep trained employees very long.
Debt Resolve Reports Nine Month Rev of 2017 up 120%,
WHITE PLAINS, NY / ACCESSWIRE / November 13, 2017 / Debt Resolve, Inc. (OTC PINK: DRSV) today announced results for the quarter ending September 30, 2017. Revenue for this quarter was $955,819, as compared to $1,336,870 in the quarter ending September 30, 2016. Operating loss was ($189,762), as compared to an operating loss of ($8,416) in the quarter ending September 30, 2016. There was a Net Loss for the quarter ending September 30, 2017 of ($454,163) and a Net Loss Attributable to Debt Resolve, Inc. in the same quarter of ($381,261), as compared to a Net Loss of ($497,444) and a Net Loss Attributable to Debt Resolve, Inc. of ($558,605) in the quarter ending September 30, 2016. For the nine months ending September 30, 2017, the Company reported revenue of $5,161,735 in 2017, as compared to $2,342,344 in 2016. In the same period, operating income was $394,577 in 2017, as compared to an operating loss of ($943,141) in 2016.
"We are disappointed by Student Loan Care's sales employee turnover during the third quarter of 2017 and its resulting impact on our financial results," said Bruce Bellmare, Debt Resolve's CEO "While employee turnover is common in the call center industry, we were surprised by number of sales employees who elected to leave for short term gains rather than stay for the long term career opportunities at Student Loan Care."
Mr. Bellmare added, "New sales management and sales employees have been hired, trained and deployed to return Student Loan Care to the financial growth path demonstrated over the previous 4 quarters."
About Debt Resolve, Inc.
Debt Resolve's traditional SaaS business provides lenders, debt buyers, collection agencies, collection law firms and hospitals with a patent-protected online bidding system for the resolution and settlement of consumer debt. The company also provides web-based revenue management platforms for the healthcare industries that include cost-effective collection solutions for every stage of collection and recovery. Student Loan Care LLC is a Debt Resolve Inc. majority owned joint venture with Hutton Ventures and provides documentation preparation services for federal student loan modification and consolidation programs. The company is publicly held and trades on the OTC Markets under the symbol DRSV. Debt Resolve is headquartered in Hawthorne, New York.
Forward-Looking Statements
Certain statements in this press release and elsewhere by management of the Company that are neither reported financial results nor other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of the Company's operations varying significantly and materially from anticipated results. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by SEC rules. Investors are advised to consult any further disclosures made on related subjects in the Company's reports filed with the SEC.
Investor Relations:
Debt Resolve:
Wayne Travis
wtravis@debtresolve.com
Debt Resolve Reports Q2 Revenue of $2.044 million, a 588% Increase Over Q2 of 2016
WHITE PLAINS, NY / ACCESSWIRE / August 15, 2017 / Debt Resolve, Inc. (OTC PINK: DRSV) yesterday announced results for the quarter ending June 30, 2017. Revenue for this quarter was $2,044,542, as compared to $347,830 in the quarter ending June 30, 2016, a 588% increase year over year. Operating income was $234,785 as compared to an operating loss of ($411,667) in the quarter ending March 31, 2016. There was a Net Loss for the quarter ending June 30, 2017 of ($214,403) and a Net Loss Attributable to Debt Resolve, Inc. in the same quarter of ($279,614) as compared to a Net Loss of ($504,220) and a Net Loss Attributable to Debt Resolve, Inc. of ($405,631) in the quarter ending June 30, 2016.
For the six months ending June 30, the Company reported revenue of $4,205,916 in 2017 as compared to $1,005,474 in 2016. In the same period, operating income was $584,339 in 2017 as compared to an operating loss of ($934,725) in 2016.
"We are excited by the continued performance of our majority owned joint venture, Student Loan Care LLC," said Bruce Bellmare, Debt Resolve's CEO "in addition to the substantial increase in revenue, this represents the fourth consecutive quarter of operating income at Student Loan Care. In the last four quarters, we have reported cumulative revenues over $7M and operating income over $1M, after adding another $1M to A/R bad debt reserves."
Mr. Bellmare added, "The successful performance of Student Loan Care validates the strength of our joint venture strategy, previously delineated in our public filings. We anticipate introducing additional new joint ventures over the course of the next year."
About Debt Resolve, Inc.
Debt Resolve's traditional SaaS business provides lenders, debt buyers, collection agencies, collection law firms and hospitals with a patent-protected online bidding system for the resolution and settlement of consumer debt. The company also provides web-based revenue management platforms for the healthcare industries that include cost-effective collection solutions for every stage of collection and recovery. Student Loan Care LLC is a Debt Resolve Inc. majority owned joint venture with Hutton Ventures and provides documentation preparation services for federal student loan modification and consolidation programs. The company is publicly held and trades on the OTC Markets under the symbol DRSV. Debt Resolve is headquartered in White Plains, New York.
Forward-Looking Statements
Certain statements in this press release and elsewhere by management of the Company that are neither reported financial results nor other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of the Company's operations varying significantly and materially from anticipated results. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by SEC rules. Investors are advised to consult any further disclosures made on related subjects in the Company's reports filed with the SEC.
DRSV getting a lot of attention on Twitter !
Nickle here very sonic quite certain.
Rev 4.5 Milly ,great management team,student loans surpassed CC dept.This stock has great potential.This is very under valued.Stay long here peeps and GLTYUA.
GREAT DRSV RESEARCH REPORT HERE
https://www.insiderfinancial.com/microcap-profile/
DRSV NEWS OUT
Debt Resolve Reports Over $2.1 Million Revenue in Q1, a 329% Increase Over Q1 of 2016
WHITE PLAINS, NY / ACCESSWIRE / May 16, 2017 / Debt Resolve, Inc. (OTC PINK: DRSV) yesterday announced results for the quarter ending March 31, 2017. Revenue for this quarter was $2,161,374, as compared to $657,644 in the quarter ending March 31, 2016, a 329% increase year over year. Operating income was $349,554, as compared to an operating loss of ($523,058) in the quarter ending March 31, 2016. There was a Net Loss for the quarter ending March 31, 2017 of ($155,173) and a Net Loss Attributable to Debt Resolve, Inc. in the same quarter of ($305,922), as compared to a Net Loss of ($809,246) and a Net Loss Attributable to Debt Resolve, Inc. of ($623,717) in the quarter ending March 31, 2016.
Included in the Operating Income and Net losses for the quarter ending March 31, 2017 was a one-time charge of $345,823 as a provision for future A/R bad debt.
"We are excited by the continued performance of our majority owned joint venture, Student Loan Care LLC," said Bruce Bellmare, Debt Resolve's CEO. "In addition to the substantial increase in revenue, this represents the third consecutive quarter of operating income at Student Loan Care."
"We are extremely excited and proud of the fast and successful start we have made," said Jeffrey Da Pra, COO of Student Loan Care LLC, "and we are very happy with our relationship with Debt Resolve. Their support has enhanced our ability to move forward quickly and to assist in the development of future enhancements to our business model as well as additional joint ventures in the future."
Mr. Bellmare added, "The successful performance of Student Loan Care validates the strength of our joint venture strategy, previously delineated in our public filings. We anticipate introducing additional new joint ventures over the course of the next year."
About Debt Resolve, Inc.
Debt Resolve's traditional SaaS business provides lenders, debt buyers, collection agencies, collection law firms and hospitals with a patent-protected online bidding system for the resolution and settlement of consumer debt. The company also provides web-based revenue management platforms for the healthcare industries that include cost-effective collection solutions for every stage of collection and recovery. Progress Advocates LLC is a Debt Resolve Inc. majority owned joint venture with LSH, LLC and provides documentation preparation submission services for loan modification and consolidation of federal student loans. The company is publicly held and trades on the OTC Markets under the symbol DRSV. Debt Resolve is headquartered in White Plains, New York.
Forward-Looking Statements
Certain statements in this press release and elsewhere by management of the Company that are neither reported financial results nor other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of the Company's operations varying significantly and materially from anticipated results. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by SEC rules. Investors are advised to consult any further disclosures made on related subjects in the Company's reports filed with the SEC.
Investor Relations:
Wayne Travis
Debt Resolve, Inc.
wtravis@debtresolve.com
(914) 949-5500 x238
SOURCE: Debt Resolve, Inc
For sure, Balance sheet looks great here!
If you got in around .01 you'll be a happy camper at market open tomorrow
Pump and dump alert just went out
DRSV 10Q OUT...GREAT NUMBERS
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12068705
Today's P&D:
http://www.theotc.today/
DRSV 10K shows over $4.5 mil in revenue
Debt Resolve Files 2016 Form 10-K
WHITE PLAINS, NY / ACCESSWIRE / April 19, 2017 / Debt Resolve, Inc. (OTC PINK: DRSV) filed Form 10-K on April 17, 2017 for the period ending December 31, 2016. Revenues for the period ending December 31, 2016 were $4,530,184, as compared to $5,713,905 for the period ending December 31, 2015. The reduced revenue in the current period reflects the loss of sales due to the suspension of sales in February 2016 of its Majority-owned subsidiary, Progress Advocates LLC. These losses were mitigated in part by the start-up of a new majority-owned subsidiary, Student Loan Care LLC, on June 1, 2016. Both of these companies operate in the document preparation industry for Federal Student Loan consolidation and eventual modification.
Operating loss for the period ending December 31, 2016 was ($382,821), as compared to an operating loss of ($413,646) for the period ending December 31, 2015. The change in subsidiaries, noted above, resulted in an operating income of $560,320 for the quarter ending December 31, 2016, as compared to an operating loss of ($595,266) for the quarter ending December 31, 2015.
In the period ending December 31, 2016, the Company, on a consolidated cash flow basis, had an increase in cash and cash equivalents of $562,621 from December 31, 2015. In addition to a reduction in Debt financing of $374,612 in the period ending December 31, 2016 as compared to the period ending December 31, 2015.
"After a year of operations in 2015, we realized the business model for Progress Advocates was flawed and our partners, operators of Progress Advocates, were unwilling to change. Our new partners, Hutton Ventures LLC, share our vision for developing a profitable growth business in this space," said Bruce Bellmare, CEO of Debt Resolve. "Our 2016 second half performance of accelerating growth in revenue and operating income, is a testament to our new business model for this industry and our future," Mr. Bellmare added.
"We are extremely excited and proud of the fast and successful start we have made," said Jeffrey Da Pra, COO of Student Loan Care LLC. "And we are very happy with the first six months of our relationship with Debt Resolve. Their financial and managerial support has enhanced our ability to move forward quickly and to assist in the development of future enhancements to our business model."
About Debt Resolve, Inc.
Debt Resolve's traditional SaaS business provides lenders, debt buyers, collection agencies, collection law firms and hospitals with a patent-protected online bidding system for the resolution and settlement of consumer debt. The company also provides web-based revenue management platforms for the healthcare industries that include cost-effective collection solutions for every stage of collection and recovery. Student Loan Care LLC is a Debt Resolve Inc. majority owned joint venture and provides documentation preparation submission services for loan modification and consolidation of federal student loans. The company is publicly held and trades on the OTC Markets under the symbol DRSV. Debt Resolve is headquartered in White Plains, New York.
Forward-Looking Statements
Certain statements in this press release and elsewhere by management of the Company that are neither reported financial results nor other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of the Company's operations varying significantly and materially from anticipated results. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by SEC rules. Investors are advised to consult any further disclosures made on related subjects in the Company's reports filed with the SEC.
Company Contact:
Wayne Travis
Debt Resolve, Inc.
wtravis@debtresolve.com
(914) 949-5500 x238
For Investor Relations: Synergy 1-888-259-9173
SOURCE: Debt Resolve, Inc.
Debt Resolve Subsidiary Engages Three Sales Affiliate Companies
WHITE PLAINS, NY / ACCESSWIRE / April 21, 2017 / Debt Resolve, Inc. (OTC PINK: DRSV) announced today that its majority owned subsidiary, Student Loan Care LLC (SLC), has signed contracts with three non-related companies to provide an effective nationwide outsourced sales function for SLC. S.P.Q.R. Enterprises, LLC of Irvine, CA, Jet Tech, LLC of Overland, KS, and California Society Services, Inc. of Fullerton, CA have each signed agreements to act as sales affiliates for SLC. As part of these agreements, the affiliate's sales team will receive qualified leads from SLC and, while integrated into the SLC technology infrastructure, attempt to complete these sales on behalf of SLC. In consideration of these efforts, the affiliate will be compensated with a fee-based commission each sale.
"After testing this concept at the end of 2016, we are excited to add these new affiliates to the Student Loan Care team," said Bruce Bellmare, Debt Resolve's CEO. "While very happy with the performance of our internal SLC sales team, these initial affiliate sales teams, trained by SLC, will allow us to expand our sales coverage by 50%," he added.
"Our new affiliates have eagerly embraced our brand, our culture and our commitment to compliance," said Jeffrey Da Pra, COO of Student Loan Care LLC. "This new strategy allows us to support their, and consequently our, growth cost-effectively."
"Having watched Student Loan Care's successful launch in 2016, we're excited to be a part of its continued growth," said Brandi Roberts, Jet Tech's CEO. "With our experienced sales team and SLC's training of their proven sales process, we should have a very successful business relationship."
About Debt Resolve, Inc.
Debt Resolve's traditional SaaS business provides lenders, debt buyers, collection agencies, collection law firms and hospitals with a patent-protected online bidding system for the resolution and settlement of consumer debt. The company also provides web-based revenue management platforms for the healthcare industries that include cost-effective collection solutions for every stage of collection and recovery. Student Loan Care LLC is a Debt Resolve Inc. majority owned joint venture with Hutton Ventures, LLC and provides documentation preparation submission services for loan consolidation and eventual modification of Federal Direct student loans. The company is publicly held and trades on the OTC Markets under the symbol DRSV. Debt Resolve is headquartered in White Plains, New York.
Forward-Looking Statements
Certain statements in this press release and elsewhere by management of the Company that are neither reported financial results nor other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of the Company's operations varying significantly and materially from anticipated results. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by SEC rules. Investors are advised to consult any further disclosures made on related subjects in the Company's reports filed with the SEC.
Company Contact:
Wayne Travis
Debt Resolve, Inc.
wtravis@debtresolve.com
(914) 949-5500 x238
For Investor Relations: Synergy 1-888-259-9173
SOURCE: Debt Resolve, Inc.
Low market awareness is a problem. I like that they have more joint ventures planned. If the revenue and profits keep going the stock price should go up.
Earth to DRSV! You had 64% revenue growth, operating income over $500k, and a gain on derivative value! Where is your brain at? DRSV Baby!
Am I the only one surprised by an Stinky Pinky having an operating profit? Is this not the unicorn out of the bunch? Wow.
DRSV robbers out there. MMs shaking out some weak hands IMO.. Looked like BMIC was shorting yesterday, jumped off the ask and hasn't been anywhere all day.
What is the reason for this lack of enthusiasm? Can you think of anything here? This is just odd, it isn't normal.
I don't think they released their earnings news right. This doesn't seem normal for such positive growth.
You still alive in this one? What is going on with the action here. That news is quite awesome.
Wow. Revenue growth and earnings like that, I've never the market shrug off and ignore such good news before. 50%+ revenue growth, operating profits over $500k... no diluting MM on the ask.. What in the world is going on here?
Massive $36,000 trade at $.018 yesterday at the close. 2,000,000 shares. This is one to watch today.
Nice move today this should open up out the gates tomorrow running IMO. Something tells me the financials are about to filed... ?
From the 8-K..
Debt Resolve Reports Q4 Revenue of over $2.1 million and Operating Income in Fourth Quarter
White Plains, NY. March 16, 2017
Debt Resolve, Inc. (OTC Markets: DRSV) today announced preliminary, unaudited results for the quarter ending December 31, 2016. Revenue for this
quarter was $2,187,840, a 64% increase over the quarter ending September 30, 2016, and a 40% increase over the quarter ending December 31, 2015. Operating
income was $560,320 as compared to an operating loss of ($8,416) in the preceding quarter and an operating loss of ($595,266) in the quarter ending December 31,
2015. There was a Net Loss in the quarter ending December 31, 2016 of ($141,564) as compared to a Net Loss of ($558,605) in the preceding quarter and Net
Income of $122,748, including a one-time gain of $1,279,616 on the change in fair value of derivative liabilities, for the quarter ended December 31, 2015.
Included in the Operating Income and Net loss for the quarter ending December 31, 2016 was a one-time charge of $544,917 as a provision for future A/R
bad debt.
“We are excited by the continued performance of our majority owned joint venture, Student Loan Care LLC” said Bruce Bellmare, Debt Resolve’s CEO
“in addition to the substantial increase in revenue, there was a strong growth in operating income quarter over quarter.
“We are extremely excited and proud of the fast and successful start we have made” said Jeffrey Da Pra, COO of Student Loan Care LLC “and we are
very happy with the first six months of our relationship with Debt Resolve. Their financial and managerial support has enhanced our ability to move forward
quickly and to assist in the development of future enhancements to our business model.”
Mr. Bellmare added “the successful performance of Student Loan Care validates the strength of our joint venture strategy, previously delineated in our
public filings. We anticipate introducing additional new joint ventures over the course of the next year. “
I-Hub is showing the 8-K but that is not a press release. Someone wanted out pretty bad there and just whacked out all the bidders.
News is on OTCMarkets.com
https://www.otcmarkets.com/stock/DRSV/news
Wait til the news drops on the brokerage wires.. This thing looks pretty all the way to $.035.
This press release has yet to hit any of the wires I think so I'm not sure why. The 8-K states they released it yesterday, and it is in the 8-k, but it is nowhere to be found elsewhere. It may be the reason things are kind of quiet. That is stellar news, with 60% revenue growth and $560,000 in operating income.
Great article on DRSV here
http://investorshub.advfn.com/Debt-Resolve-Inc-DRSV-13914/
HUGE EARNINGS NEWS OUT OB DRSV
Debt Resolve Reports Q4 Revenue of Over $2.1 million and Operating Income in Fourth Quarter
WHITE PLAINS, NY / ACCESSWIRE / March 16, 2017 / Debt Resolve, Inc. (OTC PINK: DRSV) today announced preliminary, unaudited results for the quarter ending December 31, 2016. Revenue for this quarter was $2,187,840, a 64% increase over the quarter ending September 30, 2016, and a 40% increase over the quarter ending December 31, 2015. Operating income was $560,320, as compared to an operating loss of ($8,416) in the preceding quarter and an operating loss of ($595,266) in the quarter ending December 31, 2015. There was a Net Loss in the quarter ending December 31, 2016 of ($141,564), as compared to a Net Loss of ($558,605) in the preceding quarter and Net Income of $122,748, including a one-time gain of $1,279,616 on the change in fair value of derivative liabilities, for the quarter ended December 31, 2015.
Included in the Operating Income and Net loss for the quarter ending December 31, 2016 was a one-time charge of $544,917 as a provision for future A/R bad debt.
"We are excited by the continued performance of our majority owned joint venture, Student Loan Care LLC," said Bruce Bellmare, Debt Resolve's CEO. "In addition to the substantial increase in revenue, there was a strong growth in operating income quarter over quarter."
"We are extremely excited and proud of the fast and successful start we have made," said Jeffrey Da Pra, COO of Student Loan Care LLC, "and we are very happy with the first six months of our relationship with Debt Resolve. Their financial and managerial support has enhanced our ability to move forward quickly and to assist in the development of future enhancements to our business model."
Mr. Bellmare added, "The successful performance of Student Loan Care validates the strength of our joint venture strategy, previously delineated in our public filings. We anticipate introducing additional new joint ventures over the course of the next year."
About Debt Resolve, Inc.
Debt Resolve's traditional SaaS business provides lenders, debt buyers, collection agencies, collection law firms, and hospitals with a patent-protected online bidding system for the resolution and settlement of consumer debt. The company also provides web-based revenue management platforms for the healthcare industries that include cost-effective collection solutions for every stage of collection and recovery. Progress Advocates LLC is a Debt Resolve Inc. majority owned joint venture with LSH, LLC and provides documentation preparation submission services for loan modification and consolidation of federal student loans. The company is publicly held and trades on the OTC Markets under the symbol DRSV. Debt Resolve is headquartered in White Plains, New York.
Forward-Looking Statements
Certain statements in this press release and elsewhere by management of the Company that are neither reported financial results nor other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors which may cause or contribute to actual results of the Company's operations varying significantly and materially from anticipated results. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by SEC rules. Investors are advised to consult any further disclosures made on related subjects in the Company's reports filed with the SEC.
Company Contact
Wayne Travis
Debt Resolve, Inc.
wtravis@debtresolve.com
(914) 949-5500 x238
For Investor Relations: Synergy 1-888-259-9173
SOURCE: Debt Resolve, Inc
I kick myself in the Arse for buying this on a stock promo at .05, Dumb.
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Debt Resolve, Inc. is both a technology services company and a leader and innovator in the asset receivables management industry. We develop and market our patent-based web collection technology under the brand name DebtResolve®.
We are headquartered in Tarrytown, NY and trade on the OTC under the symbol DRSV.PK.
Our flagship product is our DebtResolve® software system – an online collections tool, delivered in an ASP environment and private-labeled for use across multiple segments of the collections industry. It allows any stage of debtor to self-cure online and features our patented online bidding system that maximizes the settlement process. It is licensed to banks and other credit originators, credit card issuers and third-party collection agencies, as well as assignees and buyers of charged-off consumer debt.
DebtResolve incorporates certain of the same patented bidding technology used by Cybersettle and has an exclusive license to use the systems and methods covered by the associated patents (U.S. Patent Nos. 6,330,551, 6,850,918, 6,954,741, and 7,249,114 and foreign patents) for the collection of consumer debt in the US and internationally.
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