3D Eye Solutions, Inc. (OTCMKTS:TDEY) Recovers
3D Eye Solutions (OTCMKTS:TDEY) is going through a tough period lately. The general direction in which the ticker is headed is down, but yesterday’s session was a stream of light for people who have invested in the company stock.
After all, the company is trying hard to promote its stock and we see regular optimistic press releases. The latest one annoounced that TDEY are still receiving movies and shows for 2D to 3D conversion from content providers, which we think isn’t that big of a news. After all, that’s their job.
Nonetheless, TDEY gained a good 28% in yesterday’s session and trading was intense. By the end of the day more than 60 million shares had switched hands, mainly in the beginning of the session, and the company stock registered $360 thousand in dollar volume.
What bothers us the most is probably their financials. Recently they filed their quarterly report under the alternative reporting standard with the OTC Markets and here are the numbers of prime interest contained in it.
- cash: $21 thousand
- current assets: $101 thousand
- current liabilities: $220 thousand
- total liabilities: $1.2 million
- revenues: $0
- net loss: $159 thousand
As you can see, they are not in good shape and their cash reserves are small. Also, their main product, App3DTV seems to be lacking consumer interest as there are still only between 10-50 downloads, which when compared to other similar applications is very little.
In any case, be sure to do a lot of due diligence and weigh out the risks if you are thinking of betting on TDEY, as they still have to prove themselves as a profitable company.
Nutranomics, Inc. (OTCBB:NNRX) also did well yesterday and the company stock gained a decent 12% in value. Endeavor IP, Inc. (OTCBB:ENIP) on the other hand dropped and lost some 17% of its price.
