Force Protn Video (OTCMKTS:FPVD) Gets Smashed Again

For a while there, Force Protn Video (OTCMKTS:FPVD) looked like it may yet recover from the crash it suffered three weeks ago – but it seems that it is not to be. Yesterday saw the ticker plunge 17.83% down the charts once more.

But such a turn of events isn’t all that surprising. It is only natural that the ticker would fall right back down every time it manages a serious climb, now that it is liquid. After all, at the end of Q1 2015, some toxic financiers bought 100 thousand shares at $0.50 per share, and then another 500 thousand at $0.10 a pop. The opportunity to sell stock you bought for a dime for more than fifteen times that amount is a very real temptation that most enterprising traders are not likely to miss.

True enough, it’s next to impossible to know whether the turbulence that FPVD is experiencing right now was caused by noteholders dumping large amounts of under-priced shares on the market. However, the simple fact remains that FPVD has given a lot of people ample opportunity to do just that if they had the inclination to do so. Just this August and September, it issued another $159 thousand worth of convertible notes that can be transformed into shares of its common stock at a discount of 40% to the current market price.

Need we say more on the matter?

Investors need to really watch themselves when dealing with FPVD. Sure, the company may talk big, but at the end of the day, there are a lot more factors dragging it down than there are lifting it up. The numbers in its latest financial report could be called depressing at best:

• Cash – $3 thousand
• Current assets – $57 thousand
• Current liabilities – $22 thousand
• Quarterly revenues – $16 thousand
• Quarterly net loss – $53 thousand

Investors should take these facts into account and act accordingly.