3D Eye Solutions, Inc. (OTCMKTS:TDEY) Fails to Recover
The past month was an exciting time for 3D Eye Solutions, Inc. (OTCMKTS:TDEY) shareholders. The company’s stock went on a green spree in mid-September that dragged the ticker out of triple-zero land and nearly took it to one cent per share. Sadly, it was not meant to be.
After getting a little too far ahead of itself, TDEY crashed from $0.008 per share and went 48% down in a single session last Thursday on its biggest volume in the last two calendar years. With little other than a couple of press releases about an Android app beta launch and estimations and plans to capitalize on projected growth in the 3DTV market, the September run seems to have been fueled by one other factor.
An article posted by Penny Stock Whispers calling the ticker ‘the next major tech stock’ appeared online while TDEY was still running up. In addition to the piece which is formatted and titled very much like a stock pump, there are accompanying videos with technical analysis of the stock posted on the website’s Youtube channel, explaining why the company should reap huge gains.
The overenthusiastic tone of what we can assume is a pumper outfit (after all they do have a disclaimer worded almost verbatim like those of other stock promoters, with the exception of mentioning they receive no compensation, but have a $9.99 monthly fee for subscribers), and the fact that the Twitter account of the website has around 23 thousand followers and keeps coming up with hyped-up posts about TDEY, the sudden September ascent of the ticker may look a little easier to explain.
Whether the climb was warranted based on anything outside the positive stance taken by the party celebrating TDEY as the next big thing in tech stocks is another matter. To keep things simple, here is how TDEY looked as of their latest financial report for the quarter ended June 2013:
- ZERO in cash
- $268 thousand in current liabilities
- ZERO in revenues
- $30 thousand in quarterly expenses, comprising net loss
Those numbers hardly warrant any further comments. TDEY is currently another 2% down in early trading. We urge investors to conduct their own research and do their own due diligence before making any and all investment decisions, regardless of what ticker they are looking at.
Other big movers in Monday’s market include Pacific Clean Water Technology, Inc., f/k/a Unseen Solar, Inc. (OTCMKTS:PCWT) – the new Awesome Penny Stocks pump job, who logged an underwhelming red day, closing 1.5% down. North American Oil & Gas Corp. (OTCBB:NAMG) remained in a free fall and closed another 13% down, stopping at $1.07 per share.
