{"id":5559,"date":"2015-05-08T13:15:47","date_gmt":"2015-05-08T13:15:47","guid":{"rendered":"\/?p=5559"},"modified":"2015-05-08T13:34:38","modified_gmt":"2015-05-08T13:34:38","slug":"directview-holdings-inc-otcmktsdirv-steps-on-the-brakes","status":"publish","type":"post","link":"\/articles\/directview-holdings-inc-otcmktsdirv-steps-on-the-brakes\/","title":{"rendered":"DirectView Holdings, Inc. (OTCMKTS:DIRV) Steps on the Brakes"},"content":{"rendered":"\n

Should law enforcement people wear cameras? Following recent events in Baltimore, the opinion that policemen should wear cameras to minimize controversy and potentially lethal accidents is gaining the upper hand, it seems. DirectView Holdings, Inc. (OTCMKTS:DIRV<\/a>) is one OTC stock that is trying to make the most of this impending shift.<\/p>\n

Trading relatively thinly at sub-penny levels since late February, DIRV<\/a> started picking up some volume in recent weeks. After announcing an agreement with NASDAQ-traded xG Technology Inc. (NASDAQ:XGTI<\/a>) on April 30, under which the companies will collaborate to make a wearable body camera, DIRV<\/a> shot up to dizzying new highs and went from half a cent per share to an intra-day high of over $0.02. With the stock becoming heavily overbought, yesterday’s retrace was all but inevitable.<\/p>\n

In our previous article on DIRV<\/a>, we looked at the curiously timed spike the ticker logged in early 2014, when it rode the pot stock hype train hard, only to crash disastrously within a month and a half from that spike. How much better will this new surge in interest and increased liquidity pan out?<\/p>\n

The company’s balance sheet as of December 2014 does not inspire a lot of confidence:<\/p>\n