Force Protn Video (OTCMKTS:FPVD) Rising On Significant Volume

[[tagnumber 0]][[tagnumber 1]]Force Protn Video (OTCMKTS:FPVD)’s stock barely saw any trading throughout most of the year. It did manage to climb above $20 per share in July, but the upward run was followed by a pretty steep descent that obliterated well over 90% of the value that the ticker had at its peak.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, the company hasn’t been doing very great and that’s evident in the financial results that [[tagnumber 6]]FPVD[[tagnumber 7]] is posting. The latest report that the company filed covers the period ended July 31 and contained the following numbers of prime interest in its balance sheet.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $3,165[[tagnumber 13]] [[tagnumber 12]]current assets: $57,379[[tagnumber 13]] [[tagnumber 12]]current liabilities: $22,525[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $15,935[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $53,042[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It is a massive surprise that a company that has such numbers in its balance sheet can be traded at $20 per share at some point this year. Furthermore, there has been a lot of dilution going on and, as we previously wrote, the shares that have been issued to satisfy the company’s toxic debt have come at massive discounts.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, this doesn’t seem stop [[tagnumber 6]]FPVD[[tagnumber 7]] from keeping a market cap of just below $30 million after yesterday’s 11.89% climb that left the ticker priced at $1.60. A total of 965 thousand shares changed their owners, generating $1.77 million in daily dollar volume, making [[tagnumber 6]]FPVD[[tagnumber 7]] one of the heaviest traded penny stocks out there.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see a bit of hesitation in today’s trading, but [[tagnumber 6]]FPVD[[tagnumber 7]] will probably close another session in the red. How long can it keep this level, however, is another thing that you should think about before putting any money on the line.[[tagnumber 2]]