Will Careview Communications, Inc. (PINK:CRVW) Actually Become a Fully Reporting Company?
02 Sep 2010

After the long lasting silent period with no news around Careview Communications, Inc. (PINK:CRVW), this month the management decided they are not satisfied with the undetermined sideways activity of their stock, which seemed in a deep sleep over the last months.

However, the aggregate effect of the two press releases issued at the beginning of the month was not as favorable as expected. Instead of surging straight up on massive volume, like a true pink sheets stock would do, CRVW went down. More precisely, up to date the share price has lost nearly 18%.

Yesterday, it seems like shorters have entered the market and 46% of the total 1.1 million shares traded have been short sales. That reveals to some extend what could be behind some previous jumps of the stock. Pausing the started downtrend, CRVW surged thus 8.7% on now “news” during yesterday’s trading session and closed the market at $1.75 for a share.

Until last Monday, Careview Communications has never filed with the SEC any results of its activities or any other information about the current financial condition of the company. Only a quarterly report was submitted to the OTC Disclosure & News Service in May. According to it, by the end of March CRVW had a working capital deficit, but has for the first quarter of the year four times more revenues than the same period last year. Which was though still not enough to make the business profitable and the net loss almost tripled to $3.1 million.

The two above mentioned press releases, announcing that CRVW has filed a new patent to cover an innovative medical monitoring system and that CRVW intents to enter a joint venture with a Chinese medical device manufacturer, did not sound much like they could be actually true.

A slight hope that the company’s future announcements will be easier to verify arises from the filed with the SEC registration form for CRVW’s securities last Monday. It updates investors on the current state of CRVW’s operations and as soon as the registration statement is deemed effective, the company will be required to file duly its current financial report.

1 Comment
  1. I think the ideas they have as a company as well as their insight is superb. I hope it makes it to the plateau if deserves to be at.

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