3D Eye Solutions, Inc. (OTCMKTS:TDEY) Triples Price, but Plagued by Scandals
Just when things were headed to rock-bottom levels, 3D Eye Solutions, Inc. (OTCMKTS:TDEY) awakened again, for a day of unusually good volumes and gains. TDEY was threatening to break down to triple-zero levels as the more active campaigns of months past fizzled out. On Thursday, TDEY jumped by more than 263% to $0.004, on dollar volumes of $1.88 million.
TDEY has not seen new promotional efforts, but a fresh PR filled with corporate updates served to stoke buying as prices were reaching bargain levels. Of course, TDEY has always been making those promises, but the timing and mood this time was right and the result for the stock price was positive.
Firstly, TDEY is planning changes in its management, seeking new board members an a change of CEO in the next weeks. Also, TDEY has someone in mind when it comes to the CEO- and the aim is to link the company to the Bitcoin virtual currency. TDEY promises it would create a platform to buy and trade Bitcoin through prepaid phones, thus using the anonymity of those services. Also, there is an idea of creating an RFID payment system to further spread the usage of alternative currencies.
All of the above would be a wonderful idea, if TDEY did not reveal its real purpose- that it would start selling licenses to Luxuriant Holdings, Inc. and PBS Holding, Inc. (OTCMKTS:PBHG). The problem is that PBHG is tied to TDEY tightly, sharing a management team. And the last time TDEY promised it would be launching wondrous 3D technology, the result was that it was only partnering with PBHG.
So, TDEY is again repeating its old story: trying to lift at least two related tickers through common PR messages and promising partnerships. But the only earnings those partnerships will achieve will be on the OTC markets- and those may fizzle out way too soon.
It is no surprise then that PBHG is also rising significantly, doubling in the past two days as the trend reached a temporary bottom. The company is busy with its own promotion, mixing up lines of consumer credit and its own candle-making business. Also, the products and credit lines the company sells are advertised as being on the MLM principle, a strong red flag around the trifecta of companies.
Swordfish Financials, Inc. (OTCMKTS:SWRF), the third in the group of companies, did almost the same- a day of robust buying following the downward spiral in the past months. SWRF also doubled, though at very low levels, from $0.001 to $0.002.
And remember when TDEY promised it would deliver paintings rendered in 3D to mobile platforms? It seems the TDEY CEO Eddie Vakser did much better for himself, appropriating paintings without paying- and receiving a court indictment for the crime in the state of Texas.
As investors are well aware of the past history of TDEY and the related companies, it is hugely unusual to expect a run from TDEY. Still, if the brief cheer attracts newcomers, they are better advised to stay away, as to avoid getting caught in a company that has shown too many red flags and setbacks in the past. While there may be more exuberant days, TDEY has been a money sinkhole in the past, so avoid trusting too much its bright business promises- they are little more than hot air, even garnished with outright indicted crime.