3D Eye Solutions, Inc. (OTCMKTS:TDEY) Finishes The Week On A Positive Note

3D Eye Solutions, Inc. (OTCMKTS:TDEY) put on quite a show between September 13 and September 25. Out of the nine sessions, only one ended in the red and the ticker moved from deep within the triple zero field to $0.0088 which equates to more than 1,300% in gains. The pressure was mounting but despite that, the first hour of September 26’s trading suggested that there are some more gains to be taken. The ticker managed to reach a 52-week high of $0.0117 around 10:40 AM, but then something went horribly wrong and a massive slide started. When the closing bell rang, TDEY‘s share price was a whopping 48% below the previous value and quite a lot of traders were grumpy.

On Friday, the ticker managed to regain some of its dignity by finishing the day around 13% in the green, but we’re quite sure that this is little condolence for the people who bought some stock above the $0.01 per share mark. What is the reason for the turbulent chart movement?

There are no signs of a paid pump currently running which is somewhat odd since the performance of the last couple of weeks is pretty similar to the one displayed by promoted stocks like North American Oil & Gas Corp (OTCBB:NAMG). This means that all the commotion could have only been caused by the two press releases that came out on September 24 and September 26. Truth be told, if you base your investment decision on news alone, you might think that TDEY really are onto something.

The announcements are centered around the App 3DTV – the mobile application that is now available in beta guise for Android and Kindle devices with an iPhone/iPad version coming in October. The press releases also tell us that the increasing demand for 3-D content will open even more opportunities for TDEY‘s products and that’s probably true, but unfortunately, taking advantage of these opportunities will be a tall order. Why?

We already talked about the horrific balance sheet and the dismal income statement and you don’t really need to be an expert to know that the complete lack of financial stability is bound to cause trouble in the future.

Today, we’ll focus on something a little bit different – the management team. The people currently at the helm of TDEY are called Edward Vasker (Acting President and Chairman of the Board) and Clark Ortiz (CEO) and they are two very busy men. Mr. Vasker has been working for small cap publicly traded ventures for quite some time. He was previously at the helm of Artfest International, Inc. (ARTS), a company dealing with the trading of fine arts whose stock got revoked by the SEC due to delinquency in the periodic filings. At the moment, in addition to working for TDEY, he is also the CEO of ProTek Capital Inc (OTCMKTS:PRPM) and PBS Holding, Inc. (OTCMKTS:PBHG).

Clark Ortiz’s schedule is probably quite tight as well since he is the CEO of Swordfish Financial (OTCMKTS:SWRF). These additional tasks mean that time management should be an absolute priority for Mr. Ortiz and Mr. Vasker, but that’s not our biggest worry.

When you check out the aforementioned companies’ financial statements, you’ll see that they are also struggling. All of the ventures are working at a loss and just like TDEY, they are suffering from a severe lack of cash.

Success seems to be nothing but a distant dream and there are few things to suggest that TDEY is different from the rest of the crowd. That’s why, doing a lot of due diligence and weighing the risks carefully is absolutely crucial before making any investment decisions.