Global Digital Soltn (OTCMKTS:GDSI) Takes Another Step Back

[[tagnumber 0]][[tagnumber 1]]After moving sideways in the middle of the year we saw the stock of Global Digital Soltn (OTCMKTS:GDSI) begin to steeply descend the charts and reach double zero land. After dropping below 1 cent per share in the end of August we saw [[tagnumber 2]]GDSI[[tagnumber 3]] continued to slide down until it almost fell into the triple zeros.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]After reaching a 52–week low of $0.0013 per share on September 16 we saw the ticker get a bit more stable. That was until the company announced that it will acquire Grupo Rontan Eletro Metalurgica S.A., a specialty vehicle manufacturer that has the capacity to paint around 100 cars per day.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]The announcement launched [[tagnumber 2]]GDSI’s[[tagnumber 3]] stock into the sky and we saw it gain 185.71% in a single session on October 20. Since then, however, the ticker has been having a hard time to keep the value it had gained. Apart from the fact that the company is operating at a profit, the numbers contained in its balance sheet are not that impressive.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 17]] [[tagnumber 18]]cash: $148 thousand[[tagnumber 19]] [[tagnumber 18]]current assets: $769 thousand[[tagnumber 19]] [[tagnumber 18]]current liabilities: $1.6 million[[tagnumber 19]] [[tagnumber 18]]quarterly revenues: $379 thousand[[tagnumber 19]] [[tagnumber 18]]quarterly net income: $672 thousand[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]You should also note that the net income that [[tagnumber 2]]GDSI[[tagnumber 3]] recorded is the result of changes in fair value of derivatives. Still, the numbers aren’t that bad either and the market cap of [[tagnumber 2]]GDSI[[tagnumber 3]] isn’t that big.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]That, however, didn’t stop the ticker from taking another step back in yesterday’s trading. After gaining 10.81% in Monday’s session we saw [[tagnumber 2]]GDSI[[tagnumber 3]] slide 12.20% yesterday, for a close at $0.0036, while a total of 35.4 million traded shares generated $121 thousand in daily dollar volume.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]We see that [[tagnumber 2]]GDSI[[tagnumber 3]] can’t find its direction in today’s trading either. The ticker is 5.56% in the green as of the writing of this article. Looking at the volatility that has been presented in the past several sessions we would advise you to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 4]]