Something is Happening to Cassidy Ventures Inc (OTCBB:CSVN)

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 of exploring mining properties. In reality, the latest 10-Q tells us that the company has no assets, $252 thousand in liabilities, no revenue since inception, and a quarterly net loss of around $48 thousand.

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.

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 shifted around 114 thousand shares and jumped up by a whopping 41%. Thursday saw no volume whatsoever, but Friday was quite a bit different.

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 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.

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.

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.

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 is about to be targeted by the paid pumpers and that Friday’s volume spike is caused by frontloading.

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.

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.

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

If these shares are to hit the open market for some reason, the effects on CSVN could be absolutely devastating. That’s why, doing your own research and considering all the risks carefully is absolutely essential.

CSVN wasn’t the only ticker to end the week with a strong dollar volume. Growblox Sciences Inc (OTCMKTS:GBLX) 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)’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.