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some interesting movement recently, whats going on?? something coming
float here looks great to me! this is gonna be a runner soon for sure mang!
A/S incr to 200 mill ?
thx
MK
Major float if she is involved for sure
float is tiny - unless your siggy is involved which means plenty of float! looooooooooooooooooool
DRSV is brewingggggggg
DRSV yet another New Hod .134!! now + 48%!!!
DRSV!!! .125 +38% on nothing! wow this thing is thinnnnnnn
That financing was big, but they're still a bit in debt, so I expect another fresh funding will be what they're after right about now....
looking forward to updates on the financing here...
I Box and Chart looking much better imo. Really starting to like this one too>>
DRSV financing, oh damn thats what I'm talking about!! Can't wait to hear more about that....she sure looks thin from here imho
i am really liking this one. they just closed on a nice financing last week as well....
DRSV utilized the same technology used by Priceline.com to bring togerther buyers and sellers of debt. This could be the biggest thing since BAC was under $4.00
still doing some DD here, but i must say, from what i have read so far, this is a VERY interesting company....
thanks for the update
iBOX **UPDATED** i am finishing some DD on this one. i REALLY like it. BLUeeeeeeee
i like this news: Debt Resolve, Inc. Completes Financing Round and Announces First Quarter 2010 Results
May 27, 2010 1:14:00 PM
2010 GlobeNewswire, Inc.
TARRYTOWN, N.Y., May 27, 2010 (GLOBE NEWSWIRE) -- Debt Resolve, Inc. (OTCBB:DRSV) (the "Company") announced the completion of a major financing round and its First Quarter 2010 results of operations.
Financing
Debt Resolve has completed a major financing round. From June 1, 2009 to April 30, 2010, the Company completed financing from individual accredited investors and a private placement for total gross proceeds of $1,462,459. The proceeds were used to fund the cash portion of the Company's balance sheet restructuring and for general working capital. Preliminary numbers were released in a press release on October 20, 2009. This round of private financing is now complete.
First Quarter 2010
On May 24, 2010, Debt Resolve filed its form 10-Q with its results for the three months ended March 31, 2010.
Since the start of the Company's restructuring on July 1, 2009, current balance sheet liabilities have been reduced from $9,220,719 as of June 30, 2009 to $4,202,112 as of March 31, 2010, a 54% reduction in these liabilities over the 9 month period. Subsequent to March 31, the Company has removed another $634,756 of these liabilities from the balance sheet, resulting in a total reduction of $5,653,363, or 61%. These improvements leave a pro-forma balance of $3,567,356 of current liabilities, excluding current period transactions other than the settlements. The remaining balance of these old liabilities will be discharged by continuing to negotiate settlements at substantial discounts, by conversions to stock or by payments made over 1-2 years at low payment rates. Agreements are already in place for some of these items.
Cash used in operations was $387,695 for the period. The remainder of the net loss of $3,299,116 was non-cash accounting charges and options, warrants and notes issued for the provision of services to the Company by consultants in the amount of $2,911,421.
For the three months ended March 31, 2010, revenue was $29,826, up from $17,528 for the three months ended December 31, 2009 and $24,495 for the three months ended March 31, 2009.
Mr. James Brakke, Co-Chairman and CEO stated, "We continue to make consistent progress toward transforming Debt Resolve into a strong, successful company. I have been working to augment our sales effort for the balance of 2010 and to secure the long-term funding required to position Debt Resolve to dominate its markets."
Mr. Rainey, President and CFO stated, "To date, we have achieved our stated goals from our September 29, 2009 press release with regard to restructuring the Company and securing the interim funding required to rebuild it, including raising $469,000 during the first quarter of 2010. The Company is focused on rapidly building sales through an augmented sales team and with completing the recapitalization of the Company. In addition, we are on track to deliver major system upgrades this year."
The Debt Resolve patented double-blind bidding technology provides the Company with the exclusive right to negotiate online debt settlements. Company clients invite their customers to settle outstanding accounts by making real time offers from their computer or PDA 24 hours a day, 7 days a week, in any language and any currency in the world. Debt Resolve provides to its clients a low-cost, functionally simple collection option while simultaneously eliminating the substantial legal exposure that exists with live debt collectors. Consumers have the opportunity to resolve their outstanding accounts with dignity on their own terms, delivering valuable customer satisfaction and loyalty to Company clients.
About Debt Resolve, Inc.
Debt Resolve provides lenders, collection agencies, debt buyers and hospitals with a patent-based online bidding system for the resolution and settlement of consumer debt and a collections and skip tracing solution that is effective at every stage of collection and recovery. The company is publicly held and trades on the OTC Bulletin Board under the symbol DRSV. Debt Resolve is headquartered in Tarrytown, New York. For more information, visit http://www.b2i.us/irpass.asp?BzID=1976&to=ea&s=0.
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. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Investors are advised to consult any further disclosures made on related subjects in the Company's reports filed with the SEC. For more information, visit http://www.b2i.us/irpass.asp?BzID=1976&to=ea&s=0.
CONTACT: Debt Resolve, Inc.
David Rainey
914.949.5500 Ext 238
chart looks interesting here as well - has lots of room to go higher: http://stockcharts.com/h-sc/ui?s=DRSV&p=D&yr=0&mn=6&dy=0&id=p86578273637&listNum=1&a=202109698
I'd say it will "Shape UP" indeed....(up as in ^)
Your guess is as good as mine, but I'll bet it's real soon>>>>>>>>>>>>if you look through the recent news you may catch a whiff of potential funding....that would be sweet
We shall see how this one shapes up then over the weeks to come
Here we go, the run starting up???
A warm breath of air today has it at the hod, and ready to see an all new hod.
once the eyes fall upon this hidden gem things could truly take off ... the question is, what will it take?
Feels like a winner to me, the suppourt flucuates a bit, but it still seems like there's not any real amount of eyes on it...yet>
seemss like DRSV is dropping a bit too much lately, whats up?
hey teaks! its been a while, hope all is well ... you still holding DRSV??
DRSV .25's are uppppppppp OMG>>>>>>>>>>>>>>>>>>>>>>>>>Damn this boatch is thinnnnnnn
Coming alive now ....
the comeback is on!!
DRSV .20 new high!!!+11.11 Stepping up indeed
moving up, slowly but surely, things are stepping right up
I actually hold a portion of this company and was getting worried over the past few weeks, things are looking better though
DRSV thinnn from .25's till $1.05>>>>>>
We are truly up and running now!!
DRSV New HOD .17 +41.67%
DRSV +33.33% on 20k vol> Bids stable, and offers moved up from yesterdays high!
slight dipping today, wheres the comeback??
DRSV .15x.16 ready to roll
plenty of momo on Friday's session, nice
DRSV(.08) .101x.14 bid ans ask way up fropm last trade! Great signal
DRSV +11.02% on minimal vol here!
Another big hit today, headed downhill
Recent DRSV News Looks Good Here, just needs a nudge in ther right direction imho.
James G. Brakke Appointed CEO and Co-Chairman of Debt Resolve
MarketWatch - Apr 12, 2010
Debt Resolve, Inc. Appoints CEO And Co-Chairman
Reuters Key Development - Apr 12, 2010
Debt Resolve Launches in the Hispanic Market With Top Retailer
MarketWatch - Apr 6, 2010
Debt Resolve Announces Signing of Top 5 Global Bank Client
MarketWatch - Mar 9, 2010
stupid is the optimal word here, the trading isn't too great really
DRSV whoever's selling through UBSS is stupid imho
needs to wake up, its been in a bit of slumber lately, seems to be prepping for what is to come
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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.
[chart]stockcharts.com/c-sc/sc?s=DRSV&p=D&yr=0&mn=6&dy=0&i=p86578273637&a=202109698&r=7989[/chart]
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