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Easily to .10-.35 capability by watching this one for some time now. Certain that whom ever it the repetitive .06 seller is not in this for the long term. The co and it's Debt programs are unparalleled>>just a matter of time till this gets into the SpotLight
been nibbling with the vol.... could be .10 in a blink
I think there's lots of green to be seen/had here in the near future!
UPtick! coming off a nice bottom.....
DRSV ASK gettting assulted here>>.059x.06
Hey Mkinhwaw, I just noticed your post as it,s been kinda quiet here latey. Here's what I found on Pinksheets;
Estimated Market Cap
$2,605,804 as of Jul 15, 2010
Outstanding Shares
43,502,575 as of Apr 14, 2010
Authorized Shares
100,000,000 as of Dec 31, 2009
Float(shares)
9,228,765 as of Apr 14, 2010
Number of Shareholders of Record
1,000 as of Apr 16, 2008
Let me know if there's anything else I can dig up for ya...
I'm hoping to see a resurgence of co develpoments and excitment here....hopefully we'll be joined by some more friendlies too!
this is a buy at this level. selling here with pending news makes no sense imo.. i think this is just a little MM inventory - moves on air...
If I'm doing my math right it shouldn't take much more than $10k to blow out any selling here. There's an easy double between the first three asks>>Keep an eye on the .06, and .085 top offers. They seem to be gone every am, then they re appear. If someone's letting go of some here, atleast they;re ready to let it move some/playing nicely!
Looks like your not the only one who thinks so either!
.05 is a steal here....
Ther're starting to stack up
bidding for some now....
How It Works
DebtResolve brings together delinquent borrowers and their lenders over the internet to resolve outstanding debt. DebtResolve's patented, automated, online dispute resolution system allows you to invite customers to resolve, negotiate, settle or pay their debt online, in private using blind bidding, with instant results.
The system works at all stages of collection, from 1 day past due to post-charge-off, and on all kinds of portfolios. And because DebtResolve works on an ASP l, the only involvement needed from your IT department is handing off simple data files.
Connect
At your invitation, your delinquent customer logs into a website - branded in your name - and confirms contacts information.
Resolve
A series of simple-to-use screens is presented to the debtor.
For early-stage delinquencies, DR Prevent™ offers a quick and convenient way for customers to self-cure online.
For late-stage and charged-off accounts, DR Settle™ features a patented bidding process. The debtor gets three chances to submit an offer and settle the account. Based on strategies, the offers are compared to treatments you have set right from your desktop.
Collect
When the debtor makes a successful resolution payment, it's collected using your electronic payment gateways, and deposited directly into your account.
In the event an agreement is not reached online, you can queue up accounts for efficient follow-up using the new information you have received online.
The DR System Modules
DebtResolve has designed a series of modules so you can find a perfect fit for your busines.
DR Prevent ™
DR Settle ™
DR Pay ™
DR Mail ™
DR Control ™
Who Uses Debt Resolve
Gain these advantages when you put the DebtResolve system to work for you.
Credit issuers, collection agencies, debt buyers, telecoms, medical student loan, goverment agencies, and utilities - you all share the problem of efficiently and effectively collecting overdue debt. DebtResolve is flexible and easy to use, both for you and your customers.
Tracking down and negotiating with delinquent debtors costs time and money, and mistakes by live collection agents can leave you vulnerable to litigation. DebtResolve's patented, market-tested tools help to effectively collect your delinquent accounts.
Realize bottom-line savings
Use the internet to reduce labor and overhead
Reduce legal risks, and be FDCPA compliant at all times since your legal team reviews all langauge presented to debtors
Shorten collection cycles
Provide an alternative for debtors
Introduce a new channel to customers who have not responded to other efforts, at any hour of the day night
Give debtors a sense of privacy and control
Speak to debtors in their preferred language
Gain flexibility and control
Track performance of your collections online, in real time
View and assess a variety of reports
Make changes in your treatment models instantly from your desktop
Use online results to fine-tune your collection strategies and models
AND, get higher recoveries
DebtResolve settlements currently run 18% higher than creditors' floors - though of course results will vary with each portfolio and account
Learn more about the DebtResolve System
See how it works
Gain these advantages when you put the DebtResolve system to work for you.
Credit issuers, collection agencies, debt buyers, telecoms, medical student loan, goverment agencies, and utilities - you all share the problem of efficiently and effectively collecting overdue debt. DebtResolve is flexible and easy to use, both for you and your customers.
Tracking down and negotiating with delinquent debtors costs time and money, and mistakes by live collection agents can leave you vulnerable to litigation. DebtResolve's patented, market-tested tools help to effectively collect your delinquent accounts.
Realize bottom-line savings
Use the internet to reduce labor and overhead
Reduce legal risks, and be FDCPA compliant at all times since your legal team reviews all langauge presented to debtors
Shorten collection cycles
Provide an alternative for debtors
Introduce a new channel to customers who have not responded to other efforts, at any hour of the day night
Give debtors a sense of privacy and control
Speak to debtors in their preferred language
Gain flexibility and control
Track performance of your collections online, in real time
View and assess a variety of reports
Make changes in your treatment models instantly from your desktop
Use online results to fine-tune your collection strategies and models
AND, get higher recoveries
DebtResolve settlements currently run 18% higher than creditors' floors - though of course results will vary with each portfolio and account
Learn more about the DebtResolve System
See how it works
HUUUUUUUUUUUUUUUUUUUUUGE
That would be huge!
do we know if they are partnering with any new banks or institutions? looking forward to the update...
According to the financials and recent news, DRSV has been chipping away at their debt. With a little more they could be even or positive, at which point the flood gates will bust open with new and expanded clients imo.
Imagine being BofA with thousande of clients in debt to you. Now Debt Resolv and its debt elimination methods can be the perfect shoe in to clean up your debt book, but just how much of that book would you turn over to a smaller co,. that is in debt itself.....
Bottom line I expect all the big boys (debt houses) to either begin using, or increase DRSV's acccess to their in debt clients. Imagine the cash flow spike when they really get cranking away on eliminating debt!
i'm assuming the funding expected to clsoe here is intended to help with the increasing demand to refinance debt?....
I can't wait to see who some of their actual clients are....am thinking Big Names like BofA and other large Financial Houses
this is good stuff! a company with a product that is useful to consumers. i like it!
Who Uses Debt Resolve>> Credit issuers, collection agencies, debt buyers, telecoms, medical student loan, goverment agencies, and utilities
DRSV DD Part 3 How It Works
DebtResolve brings together delinquent borrowers and their lenders over the internet to resolve outstanding debt. DebtResolve's patented, automated, online dispute resolution system allows you to invite customers to resolve, negotiate, settle or pay their debt online, in private using blind bidding, with instant results.
The system works at all stages of collection, from 1 day past due to post-charge-off, and on all kinds of portfolios. And because DebtResolve works on an ASP l, the only involvement needed from your IT department is handing off simple data files.
At your invitation, your delinquent customer logs into a website - branded in your name - and confirms contacts information.
A series of simple-to-use screens is presented to the debtor.
For early-stage delinquencies, DR Prevent™ offers a quick and convenient way for customers to self-cure online.
For late-stage and charged-off accounts, DR Settle™ features a patented bidding process. The debtor gets three chances to submit an offer and settle the account. Based on strategies, the offers are compared to treatments you have set right from your desktop.
When the debtor makes a successful resolution payment, it's collected using your electronic payment gateways, and deposited directly into your account.
In the event an agreement is not reached online, you can queue up accounts for efficient follow-up using the new information you have received online.
DRSV DD Part 2 The Debt Resolve System DR. SYSTEM
DebtResolve introduces your customers to the lowest-cost channel for resolving their delinquent accounts. With the DebtResolve system, your customers have the opportunity to self-cure, negotiate with you, or finalize payment arrangements. This happens online, 24/7/365, in any language, and without using your valuable collections resources. You will realize significant cost savings, collect more, and reach customers who you haven't been able to contact. Put the DebtResolve system to work for you by...
Moving your customers online at every stage of collections.
Collecting more dollars at lower cost.
Receiving settlements above your parameters, using our patented bidding system.
Cutting your legal exposure through pre-approved language.
Integrating seamlessly with your current technology.
Contact your delinquent customers by email, letter or phone. They update their own personal information, and we capture their email address for you.
Use our online resolution and patented bidding process to handle thousands of negotiations simultaneously, without involving a live collector.
Allow your customers to pay online through the DebtResolve system immediately. Funds are deposited directly into your account.
DRSV DD Part 1>>Co. Summary:
Debt Resolve, Inc. provides an Internet-based bidding system for the collection of past due consumer debt to banks, lenders, credit card issuers, third party collection agencies, collection law firms, purchasers of charged-off debt and hospitals and large provider groups primarily in the United States. The company offers the DebtResolve™ system, which enables its creditor clients to settle and collect delinquent and defaulted consumer debts via the Internet, as an application service provider. Its DebtResolve™ system consists of a suite of modules that include DR Settle, which allows debtors to make offers or bids for what they can pay against their total overdue balances; DR Pay for online payments; DR Control for system administration; DR Mail, an email methodology; and DR Prevent for the settlement of consumer debt at earlier stages. The Company is headquartered in Tarrytown, New York.
Steadily based here, look at the .51 year high! Day High: 0.06 Day Low: 0.06
Year High: 0.51 Year Low: 0.04
Debt Resolve isn't intimidated by mountains of debt. The company provides a hosted software service that allows credit card companies and collection agencies to collect money from consumers who are past due on their credit card bills. The online service, branded as DebtResolve, uses an Internet-based bidding system that allows debtors and creditors to agree on acceptable repayment schedules. Customers include banks and other credit originators, credit card issuers, and third-party collection agencies, as well as assignees and buyers of consumer debt.
http://moneycentral.hoovers.com/global/msn/factsheet.xhtml?COID=139285
DRSV(.06) 50k took out the .06 She's Ready to Go
OK this is looking cheap mang. !!!! waiting on financing update and nibbling some cheapies!
If they were to get propper recognition as eliminating Debt and mabye increase their client base this could really take off
have to agree. this is a really good company. they provide a real service to people and are set up quite impressively.
Seems stable here, and ready to move. I love it when there's not a single seller here at the bottom
got this on my screen ready for some news!
.085 +13% coming off the bottom....
no doubt. i am looking for that update re: the financing and then pullin the trigger if i like what i see!
Plugged into the scanner, and funds set aside to add pre booooom>
looking forward to an update here bro!
DRSV's been on my radar for a big move for some time now, and here at .07x.0775 she looks like it's tight and ready to run from this base
looks like we are at a bottom over here....
ETMM moved up to top bid .07x.085 IDLM starting to resemble an Ethopian>>>>>>
traded some volume Friday! keepin a close eye on this one...
Their software enabels buyers and sellers of debt to meet and bid in a blind fashion. Huge potential...just like priceline.com.....
i haven't been able to find a company that does what these guys do - at least as simple and seamless as DRSV seems to make it.
DRSV shy of the UBSS seller has +150% between .08 here and the 3rd offer of .20
I've watched it bounce between .07-.19 on air, and it seems to be ready to base and boom. Lets look into what they got specifically!
Yes, correct.
Estimated Market Cap
$5,829,345 as of Jun 11, 2010
Outstanding Shares
43,502,575 as of Apr 14, 2010
Authorized Shares
100,000,000 as of Dec 31, 2009
Float(shares)
9,228,765 as of Apr 14, 2010
Number of Shareholders of Record
1,000 as of Apr 16, 2008
http://www.otcmarkets.com/stock/DRSV/company-info
DRSV offers backed way off this am! .20's are 1st up!
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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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