Edgewater Wireless Systems Inc. (CVE:YFI) Stock Pumped to an Extreme This Month

[[tagnumber 0]] [[tagnumber 1]] [[tagnumber 2]]Edgewater Wireless Systems Inc. (CVE:YFI) shares are getting extreme trading interest in May which pumped the market value of the company far beyond what would sound reasonable. The company reported zero product sales recently, and the rally started around the time YFI was mentione[[tagnumber 3]]d in a press release.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]Yesterday, YFI closed the market at $0.59 for a share, which represents another 7.27% gain from the previous close. Trading volume and daily volatility weakened over three session yet as the stock price is moving just along the upper Bollinger band it would be no surprise if more upside potential is realized later this week.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]In the middle of this month, a supplier of wideband DAS technology named Zinwave (not a public company) announced in a press release that it is going to partner with YFI in its new range of wireless products. According to the press release, the strategic alliance will consist of Zinwave integrating YFI patented WiFi3 technology into its own service. Potential benefits for YFI from the deal weren‘t mentioned at all, but the end of the PR sounds like dilution.[[tagnumber 1]] [[tagnumber 13]] [[tagnumber 1]] [[tagnumber 2]]YFI has received approval to grant options to its Directors, Officers, Employees and Consultants to purchase up to 4.5 million common shares of the company at a share price of $0.05. That only means huge losses of value and payments for services received through the issuance of new stock.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 18]][[tagnumber 1]] [[tagnumber 2]]Market cap already looks massively inflated with P/B and P/S ratios of over 50 and 400, respectively, leaving a lot of downside potential for YFI in the coming months.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]For the three months ended January 2015 the company reported no product sales and service revenue of $1,274, while for the nine–month–period total revenue was $25,030 compared to $171,030 for the same period of last year. YFI has no cash to cover its current liabilities and all of its intellectual and material property has been written down to $2 million.[[tagnumber 1]] [[tagnumber 0]] [[tagnumber 1]]