3D Eye Solutions, Inc. (OTCMKTS:TDEY): E-cigarettes Are Hot Now

If we were giving away awards for resilience, 3D Eye Solutions, Inc. (OTCMKTS:TDEY) would grab the price. After betraying the trust of investors so many times with its over-the-top promotions and PR promises, TDEY has jumped the shark once more. Now, the company has managed to style itself one of the latest marijuana stocks. And some investors took the bait, as TDEY added a net of 14% on Wednesday, growing to $0.0016 on dollar volumes of $1.07 million.

More than 600 million shares were grabbed on the news that TDEY would unroll an e-cigarette business. Of course, this business model is a synonym for offering electronic vaporizers for legal marijuana use. And for most OTC companies, a ready-made product is not needed, just a promise and a project. So now TDEY is switched from a 3D technology company to yet another addition to the MMJ hype.

At this price range, anything is possible, so there is little worry about the dark past and many red flags surrounding the price movement of TDEY. The ticker has had amazing daily price gains of more than 100%, and rapid rising series, especially last fall with a paid promotion. But almost always, TDEY has slid to the original levels. So the ticker is often taken for short-term trading, with the profit-taking happening rather fast after the gains.

The new MMJ direction may for a while hide the fact that TDEY‘s CEO and founder Edward Vaksers was recently accused of failing to pay a batch of paintings at an art show. Also, the new bout of enthusiasm obscures the previous attempt to ride a fashionable trend. For a while, TDEY promised it would unroll a payment system for the Bitcoin virtual currency. This happened a couple of months ago, when Bitcoin was a craze in mainstream news.

So you can easily see how TDEY is not serious even according to the rather lax standards of marijuana companies. At this price range, there are other options to build up a risky portfolio, but in the case of TDEY, losses could pile up fast, and easily reach up to 50% of the stock price.

A similar thing happened to USA Real Estate Holding, Co. (OTCMKTS:USTC), a ticker that crashed despite the promotional efforts. USTC played around with its real estate business model to present it as possibly a solution to the demands of the legal marijuana sector. The difference is that USTC only arrived to the sub-penny levels after starting with a price of a few cents.

Not even the relatively respectable idea of selling e-cigarettes would help TDEY. Even larger, better-established companies have difficulties. The leader in the sector, mCig, Inc. (OTCBB:MCIG) has entered a period of sideways drifting, with growth and drops every few days. Now, MCIG has slid a bit to $0.56.

Others, like Vapor Brands International, Inc. (OTCMKTS:VAPR) made quick gains in a few days, only to sink back again as the dust settled. VAPR peaked at $0.40, and since then slowly slid to $0.13, with some robust daily gains and corrections in the past month.

In the case of TDEY, we would strongly suggest finding an alternative, or adjusting the timing accordingly, to make the best of the fast gains. Otherwise, the ticker has too many drawbacks to be reliable.