{"id":7046,"date":"2015-10-03T10:12:04","date_gmt":"2015-10-03T10:12:04","guid":{"rendered":"\/?p=7046"},"modified":"2015-10-03T10:14:40","modified_gmt":"2015-10-03T10:14:40","slug":"force-protn-video-otcmktsfpvd-chopped-in-half","status":"publish","type":"post","link":"\/articles\/force-protn-video-otcmktsfpvd-chopped-in-half\/","title":{"rendered":"Force Protn Video (OTCMKTS:FPVD) Chopped in Half"},"content":{"rendered":"\n

Force Protn Video (OTCMKTS:FPVD<\/a>) has got to be one of the worst performing OTC stocks out there. And in Pennyland, where double-digit drops are an everyday occurrence, this is quite an achievement.<\/p>\n

The stock acquired its current ticker symbol in March, but active trading didn’t really start until the second half of July. FPVD<\/a><\/strong> was a wild ride back then. There were peaks of over $20 per share, but there were also dips of less than $10. It did manage to remain in the $12 – $15 range for a little while, but it quickly became apparent that consistently holding these positions will be impossible. After a few heavy blows FPVD<\/a><\/strong> found itself hovering around $2 and the disappearing volumes suggested that it’s about to spend some time there. <\/p>\n

Yesterday, however, we witnessed a difficult-to-explain spike. All of a sudden, investors became extremely active and in a matter of six and a half hours, they traded nearly 100 thousand shares. Unfortunately, FPVD<\/a><\/strong> didn’t like the volume. Instead of going up, it crumbled and it closed the session with a price of just $1.07 per share (51% below Wednesday’s value).<\/p>\n

As we mentioned already, finding the reasons for the sudden trading frenzy is quite difficult. The same goes for the crash. There aren’t any new press releases or filings that could cause the abrupt change in the market sentiment and there isn’t even a paid promotion. The crash did occur, however, and many people are wondering if it has actually created a buying opportunity.<\/p>\n

Some will probably say that FPVD<\/a><\/strong> is headed by a person with plenty of connections and experience in the video surveillance industry. Indeed, Paul Feldman, the company CEO, spent quite a lot of time working for an entity called Law Enforcement Associates (once traded on the OTC under the LAWE symbol). FPVD<\/a><\/strong>‘s filings say that he helped LAWE grow quite a bit, but apparently, the board of directors decided at one point that he is no longer working in the company’s best interest and he was fired. The whole thing was followed by quite a lot of accusations and finger-pointing and it ended with LAWE’s bankruptcy.<\/p>\n

At FPVD<\/a><\/strong> Mr. Feldman has quite a lot of work ahead of him. This point is hammered home by the 10-Q for the period ended July 31. It looks like this:<\/p>\n