Force Protection Video Corp (OTCMKTS:FPVD) Making A Comeback

Force Protection Video Corp (OTCMKTS:FPVD) has been one of the most beaten up names on the OTC Markets. It's a name that we at Insider Financial have been following for quite some time. We said back in April that the company needed to deliver some contracts to turn things around. It took 4 months, but the company finally delivered with an order from the U.S. Forest Service. This was the spark the stock needed and got the shorts covering and the dip buyers coming back in. After being in triple zeros for quite some time, stockholders are hoping the comeback continues for FPVD.The new order from the U.S. Forest Service is for multiple LE50 cameras. The key design features of the LE50 are industry leading record time (10 hours @1080, 12 hours @720), 50 hours of standby time, 32GB of internal tamperproof storage, white LED illumination, audio announcements, GPS recording, 30 second pre and post record, and integration with VeriPic© Evidence Management Software. VeriPic® is a leading supplier of enterprise photo and evidence management software to law enforcement agencies, military, medical institutions and corporate customers. VeriPic© products handle evidence in thousands of criminal cases throughout the country and is the holder of multiple patents for their evidence management solution software.The LE50 also uses white diode lighting in its design. The reason mainly relies on a safety issue. Cameras that utilize IR lighting can be harmful due the brightness of the IR light and the fact that the human eye does not react to this source of light. There is a high probability that whomever looks at these lights can possibly damage or injure their sight.A main reason for the U.S. Forest Service choosing the LE50 is that the LE50 was developed using current guidelines that Law Enforcement Agencies nationwide have written into their requirements for purchase of Bodycams for their officers. FPVD is also the first company to build into a Body Camera an audio announcement feature. When the camera first starts to record an announcement clearly states "ATTENTION AUDIO AND VIDEO RECORDING HAS STARTED" - when the cameras recording mode is stopped it clearly states "ATTENTION AUDIO AND VIDEO RECORDING HAS STOPPED."Last month, FPVD released the LE100 and LE101 1080 HD in car video recording dashcam systems. The LE100 and 101 are both state-of-the-art designed in-car dash camera systems strategically built around Ambarella A7 chip sets. These cameras are used to record and provide evidence for not only law enforcement but government owned vehicles. These cameras will provide video evidence to protect federal, state or local governments from frivolous lawsuits brought against them as well as providing fleet accountability for municipalities.The key for FPVD's comeback is if the company is done issuing stock. According to the latest filing, that doesn't look to be the case. FPVD approved an amendment to Article IV of its Articles of Incorporation to increase its authorized common stock to 750,000,000 shares and to increase the authorized Series A preferred stock to 5,000,000 shares. As of August 4, FPVD had (i) 250,000,000 shares of Common Stock authorized and (ii) 92,635,499 shares of Common Stock issued and outstanding and entitled to one vote per share. In addition, the company had 1,000,000 shares of Series A preferred stock issued and outstanding and each of the outstanding shares of preferred stock is entitled to 200 votes per share.In the latest 10-K, FPVD said that company was due to issue 37 million shares upon conversion of the Black Forest Note and the RDW Notes based upon a price of $.015 per share. With the share price drop, we're afraid this number is now substantially higher especially with the increase in authorized share count. The last agreement with RDW has the note being due November 13, 2016 convertible at 60% of the lowest traded price of the Common Stock in the twenty (20) Trading Days prior to the Conversion Date.We suspect that these noteholders have been shorting the stock to drive down the price to increase the number of shares in the conversion. The good news for shareholders is that the selling looks to be over in the short term. If it wasn't, shares would not been able to bounce as hard as they did. The key going forward is for FPVD to announce more orders like the one from the U.S. Forest Service. We believe shareholders can expect a lot more orders, especially after what the company said in announcing the U.S. Forest Service order.

This order is a direct result of our recent attendance at a National Security Conference Expo. We have received tremendous interest from several U S Government agencies and expect to announce additional orders in the coming weeks.

We will be updating our subscribers as soon as we know more. Sign up below for the latest updates on FPVD!Disclosure: We have no position in FPVD and have not been compensated for this article.