DirectView Holdings, Inc. (OTCMKTS:DIRV) Bursts Up
DirectView Holdings, Inc. (OTCMKTS:DIRV) has been seeing some investor interest lately, as the company announced that it has entered into a provider agreement with Legacy Construction Company of Colorado, LLC last month, to provide security services for medical marijuana facility projects.
Despite all the red flags about the company that we discussed in our previous article, including its CEO, Roger Ralstons, being found guilty for his involvement in a data equipment scam in 2001, the stream of optimistic news manages to provide some lift for the price of DIRV‘s stock as well as increased volumes.
On March 19, the company announced that they will be starting construction to provide an alarm monitoring system, video surveilance and temperature monitoring equipment for a 15 thousand square foot facility in Colorado and work is expected to begin by the end of the month.
This provided for a 24% gain the same day, but the stock began to slide after having no percentile movements in the following session. Yesterday, the company announced that they are expecting to establish an office in Colorado to ease their operations.
This brought more interest in DIRV‘s stock and the company exploded with a 147% gain, closing at $0.042 on a massive volume. The total amount of shares that changed their owners came to a whopping 73 million and generated $2.09 million in trade value.
Today’s session, however, started on a bad foot and DIRV is already 28% down the charts with almost $1 million in dollar volume. The recent movements of the stock show it’s volatility and put it besides the riskiest tickers in the OTC markets.
This is the exact reason for which we would advise you to do your due diligence and weigh out the risks before making an investment decision.
HyperSolar, Inc. (OTCMKTS:HYSR) also had a great session yesterday, gaining 78% on high volumes, but is sliding down today. American Heritage International, Inc. (OTCMKTS:AHII) lost a hefty 50% of its value in yesterday’s trading.