{"id":4695,"date":"2014-06-02T15:11:58","date_gmt":"2014-06-02T15:11:58","guid":{"rendered":"\/?p=4695"},"modified":"2014-06-02T15:12:02","modified_gmt":"2014-06-02T15:12:02","slug":"something-is-happening-to-cassidy-ventures-inc-otcbbcsvn","status":"publish","type":"post","link":"\/articles\/something-is-happening-to-cassidy-ventures-inc-otcbbcsvn\/","title":{"rendered":"Something is Happening to Cassidy Ventures Inc (OTCBB:CSVN)"},"content":{"rendered":"

\"CSVN.gif\"According to the company description on the OTC Markets, Cassidy Ventures Inc (OTCBB:CSVN<\/a>) is involved with the acquisition and development of unindustrialized technologies. Some of their SEC filings suggest that their business plan consists of exploring mining properties. In reality, the latest 10-Q tells us that the company has no assets<\/strong>, $252 thousand in liabilities, no revenue<\/strong> since inception, and a quarterly net loss of around $48 thousand. <\/p>\n

There is no website and the company headquarters is located in a UPS store. All in all, there’s very little to lure the regular investor into putting his\/her money in this particular stock. Yet, over the last couple of sessions, we’ve seen an abnormal amount of interest in CSVN<\/a><\/strong>.<\/p>\n

On May 27, the ticker registered no change in the price, but it did log its first active session in a while. Things were a little bit more interesting on May 28 when CSVN<\/a><\/strong> shifted around 114 thousand shares and jumped up by a whopping 41%. Thursday saw no volume whatsoever, but Friday was quite a bit different. <\/p>\n

More than 840 thousand shares changed hands in just six and a half hours of trading bringing a dollar volume of around $1.7 million. CSVN<\/a><\/strong> opened the session at $1.95 (7% below its previous close), made a run to $2.10, and stayed there for the better part of the day. A few minutes before the closing bell, however, it dropped and finished the session back where it started.<\/p>\n

All in all, a bizarre performance put on by a stock that seemed all but dormant less than a week ago. Things seem stranger still when you do some digging around.<\/p>\n

There’s no news that could lure in potential investors, the latest filing was published recently, but as we mentioned, it’s not exactly confidence inspiring, there isn’t a paid pump at the moment, and even the discussion boards seem deserted. In fact, there’s absolutely nothing that could have even hinted an active session for CSVN<\/a><\/strong>.<\/p>\n

Yet, it happened and right now, investors have a lot of room to speculate on what caused it. We’re pretty sure that some of them will probably think that some sort of a deal is in the making and will say that the stock is currently traded only by people who have some leaked information. Others might think that CSVN<\/a><\/strong> is about to be targeted by the paid pumpers and that Friday’s volume spike is caused by frontloading.<\/p>\n

The future will tell us how realistic those scenarios actually are, but in the meantime, we should note that some of the more risk-prone traders might be tempted to put their money on the line and wait for something interesting to happen.<\/p>\n

If you are one of the people who are willing to take the gamble, you should be aware of one thing that could punch the stock to the ground.<\/p>\n

As you can see from this prospectus, back in 2011, some investors paid $175 thousand<\/strong> and in exchange, they acquired 1.75 million shares<\/strong>. In March 2013, CSVN<\/a><\/strong> effectuated a 20 for 1 forward split<\/strong> which means that the aforementioned investors could now be holding 35 million shares<\/strong> of common stock, valued at just $0.005 a piece<\/strong>.<\/p>\n

If these shares are to hit the open market for some reason, the effects on CSVN<\/a><\/strong> could be absolutely devastating. That’s why, \"VHUB.png\"doing your own research and considering all the risks carefully is absolutely essential.<\/p>\n

CSVN<\/a><\/strong> wasn’t the only ticker to end the week with a strong dollar volume. Growblox Sciences Inc (OTCMKTS:GBLX<\/a>) managed to shift more than $1.2 million worth of shares while its price went up by an impressive 47%. Vapor Hub International Inc (OTCMKTS:VHUB<\/a>)’s performance was less exciting. It managed to rack up a dollar volume of around $840 thousand, but it dropped by nearly 12% and finished the day at $0.56 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to the company description on the OTC Markets, Cassidy Ventures Inc (OTCBB:CSVN) is involved with the acquisition and development of unindustrialized technologies. Some of their SEC filings suggest that their business plan consists...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1409,1407,1328],"class_list":["post-4695","post","type-post","status-publish","format-standard","hentry","category-news","tag-csvn","tag-gblx","tag-vhub"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4695"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4695\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}