Cassidy Ventures Inc (OTCBB:CSVN) is making a huge move up on massive volume off its base at a $1. The stock has transformed itself from illiquid to one of the top traded stocks on the entire exchange in recent days and speculators are wondering what is going on here.
There is no mention of CSVN anywhere as of yet with nobody talking about it on the boards but one cannot ignore this type of accumulation and dollar volume in the millions. There looks to be a significant promotion underway here.
Cassidy Ventures Inc (OTCBB:CSVN) says they are focused on identifying, locating and nurturing unindustrialized technologies. To that end the Company plans to purchase technology IP and, while keeping the existing infrastructure and key personnel, move the Company towards a sustainable business model.
The Company is deeply involved in the 3D Stereoscopic field with multiple patents and truly creative thinkers working on among other things, Web based viewing systems, tablets and Auto-Stereoscopic screens. Cassidy is also presently reviewing patented technical specifications on a revolutionary alternative energy generation system sure to be game changing technology. As an innovations company Cassidy is always on the lookout for new and emerging technologies to benefit or shareholders and the world as a whole.
Cassidy Ventures, Inc. was incorporated in the State of Nevada on September 14, 2009. Since inception the Company planned to acquire mineral properties located in the Thunder Bay mining district, Province of Ontario, Canada but has not yet determined whether these properties contain reserves that are economically recoverable.
Back in June 17, 2011, CSVN purchased a 100% undivided interest in a mineral claim known as the Mobert property for a price of $5,888. The claim is registered in the name of Kelvin Michael Ladoucour, who is a prospector retained by the Company to stake the Company’s claim. Mr. Ladoucour holds the claim in trust for the Company.
The Mobert property is located in the south central part of the Black River Area Township within the Thunder Bay Mining Division of Northwestern Ontario, Canada (Figure 1). The nearest towns are Manitouwadge 26 km to the north, Marathon 45 km to the southwest and White River 42 km to the southeast. The Hemlo Gold Camp is 23 km to the south-southwest along the TransCanada Highway.
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The Company engaged Fladgate Exploration Consulting to prepare a geological evaluation report on the Mobert Property. Caitlin L Jeffs, P.Geo., is the professional geologist at Fladgate who conduct the evaluation.
The work completed by Mr. Jeffs in preparing the geological report consisted of a review of geological data from previous exploration within the region. The acquisition of this data involved the research and investigation of historical files to locate and retrieve data information acquired by previous exploration companies in the area of the mineral claim.
According to their filings there is a chance CSVN mineral claim contain little or no economic mineralization or reserves of gold, zinc and other minerals. Exploration is required before a final determination can be made as to whether our mineral claims possess commercially exploitable mineral deposits. If our claim does not contain any reserves all funds that we spend on exploration will be lost.
CSVN has very little on the books according to the 10Q from November 14 the Company has $0 cash and $0 assets with $352,000 in payables. The Company has also done $0 revenues to date during its limited operating history.
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Currently trading at a staggering $336 million market valuation CSVN has basically no operations and nothing on the books and certainly not anything that would suggest anything even close to this type of valuation. While nobody is talking about this stock and the Company has not yet issued a press release CSVN traded over $3 million in dollar volume on Friday. Something major is in the works here and we are all over it; we will update on CVSN as soon as more information comes to light. For now, CSVN is a stock to watch.
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Disclosure: we hold no position in CSVN either long or short and we have not been compensated for this article.