Sollensys Corp. (OTC:SOLS) Corrects on Quarterly Sales Record
Selling suddenly spiked in the chart of Sollensys Corp. (OTC:SOLS), wiping out more than 10% of the stock’s value in a day, as more than a million shares were shed on the market. Trading at 56 cents, this small cap company has a long way to fall and may yet rebound temporarily. 
The relatively high price is held due to low activity, otherwise there is little in the assets of SOLS to warrant its 280-million-dollars market cap: 
- $460 cash
- $149,744 current liabilities
- Zero revenues
- $62,288 net loss
So far, only low volumes are protecting SOLS from deeper crashes, and the stock has fallen more on lower volume, going far from the $1 level in mid-February. The company has little to show in terms of activity, although it promises to seek a place in the touch screen market in the near future. SOLS will try to do this through its newly acquired subsidiary, the Korean Sollensys Corporation, a producer of touch screens. SOLS itself becomes a carrier for the South Korean company to trade on the US OTC markets.
Trying to ride the hype of recent mainstream technologies is often the way for small cap companies to hook investors. Promising a certain marketing success, many tickers rise on promises of patents that would find a good market in established industries. This is the case of currently promoted Terra Inventions, Corp. (OTC:TERX), which plans to offer proprietary technology for electric vehicles. The ticker was picked by Fast Moving Stocks for a budget of $10,000 and the paid pump has activated the volume in the past weeks.
When a new ticker comes to life, it is best to do your own estimation of risks and a company’s true value, as activity may cease at any moment, leaving you with unsellable depressed stocks. The next few days will show if SOLS will become a more active proposition or will sink back to insignificant volumes.
