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DIGITAL UTILS VENT (OTCMKTS:DUTV) On A Bull Run

DIGITAL UTILS VENT (OTCMKTS:DUTV) On A Bull Run
Written by
Jarrod Wesson
Published on
February 12, 2018
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The year to date stock return of DIGITAL UTILS VENT (OTCMKTS:DUTV) is unbelievable. In January, an unexpected momentum pushed the share price from $0.001 to $0.06. Many market participants seemed to participate, as the volume was high. As much as 40 million shares changed hands. The movement looked promising, so we wrote our previous articles.

Photo from the website - DIGITAL UTILS VENT OTCMKTS:DUTVToday, we are writing a new update, since the price did not stop there. After a setback and a lateral movement, the momentum came back. Again enormous volume appeared and the share price spiked up to 52-week record prices. The share price crossed the psychological mark of $0.01 and almost touched the $0.014 mark. Do not get the calculator, only bear in mind that readers could have received double-digit returns.Check the price action in the following stock chart: Two months chart for DUTVWhat's going on?In our new report, we could not understand the stock returns. We established several case scenarios, but none of them could elaborate the reasons behind the positive stock performance.We needed to wait until February 7, 2018, to figure it out. The company has changed the direction of the business. The new industry will not surprise our regular readers. DUTV has identified several opportunities in the legal cannabis marketplace. Thus, it has planned to launch operations in this sector. As per the press release, the company will focus on products derived from Cannabidiol. Additionally, the plan includes offering innovative applications for cannabis usage.The directors were quite optimistic about the new venture. Check, for example, the words of the CEO, Pat Scorzelli:

“It is an exciting time on the development of the legal cannabis sector as more U.S. states open up for legal medical and recreational use, especially when we consider the huge market growth that is occurring” Source

What's our take?We believe that company did one thing very well; choosing the cannabis industry. The legal cannabis sector reported over $10 billion in revenues during 2017, and $24 billion is projected for 2021. In our opinion, if DUTV can find a place in the new sector, the growth of the company could also be very significant.Additionally, the company seems to be already networking to sign new alliances. Check the following words:

"For the past few months, we have been working to put into place several significant relationships in this market sector, which we will be sharing with Digital investors as we move toward closure." Source

We will need to stay tuned. If DUTV can sign new contracts with companies inside the industry, the share price could run. It will be an opportunity for the company for acquiring know-how. Maybe, it may hire new talent. Undoubtedly, it is the next step, what everybody is waiting for.The company updated its financial statementsOn February 2, 2018, the company released its financial situation. We appreciate it. Many more documents will be required by regulators. But, this is a good start. If it helps the company become pink compliant, the share price could run.As noted in our previous article, the accumulated deficit is still large. Thus, the company could pay fewer taxes if the new venture returns profits. Check the following balance sheet: New Financial Statements - DIGITAL UTILS VENT OTCMKTS:DUTVIt is a low float runnerThe number of outstanding shares is 3,409,654,798, while the float is 1,252,975,154. As a result, the order book may be quite empty. This means that market orders could create a lot of price volatility. This information is critical for volatility players. They have a new name to monitor closely.Social Media and ConclusionThe social media continued to amaze our team. There is a large number of players assessing the price action. One clear example is the financial forum iHub. Check the following image and note the number of comments. iHub on DUTV - DIGITAL UTILS VENT OTCMKTS:DUTVCurrently trading with a market cap of $40 million, DUTV is an interesting small cap. The company still has to explain how it will grow its business. In particular, we will be looking closely at how DUTV will recapitalize and obtain financing. In our opinion, it is what the market will want to know, and will determine the future developments.To sum up, stay tuned to this company, it may surprise again!Be sure to check out our coverage on DUTV!We will be updating our subscribers as soon as we know more. For the latest updates on DUTV, sign up below!Disclosure: We have no position in DUTV and have not been compensated for this article.Image courtesy of Luis Mateo Doblado via Flickr

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