Yesterday the stock price of FORCE PROTN VIDEO (OTCMKTS:FPVD) closed in green making investors believe that it can recover from the sharp losses it posted in last few weeks. However, it is not going to be easy as the previous attempts had met with failure. Such a turn of events is very much expected on the OTC marketplace. It is natural for a stock with poor fundamentals to plunge every now and then.
The buzz
After all, at the end of 1Q2015, some toxic financiers purchased 100 thousand shares of FORCE PROTN priced at $0.50 a pop, and then additional 500 thousand priced at $0.10 per share. The opportunity to sell FPVD stock that these financiers purchased for a dime for more than 15 times that amount is a real temptation that enterprising traders do not prefer to miss.
It is not possible to identify the facts and know if the rollercoaster ride that FPVD is witnessing in last few trading sessions was caused by noteholders selling large portion of under-priced shares in the open market. However, it cannot be denied that FORCE PROTN has given many people good opportunity to sell underpriced stocks if they had the intentions to do so. In last two months, the company released additional $159,000 worth of convertible notes that can be converted into shares of FPVD common stock at a discount of as much as 40% to the existing market price.
The performance
In addition to the stock dilution, the investors should not forget to consider the financial performance of the company before making the final choice. The numbers in its last financial report are nothing more than depressing at best. As per the latest report, FORCE PROTN VIDEO (OTCMKTS:FPVD) reported cash of $3,000, current assets of $57,000 and current liabilities of $22,000. The revenue in reported quarter was $16,000 and net loss stood at $53,000.
