3D Eye Solutions, Inc. (OTCMKTS:TDEY) With a Decent Start of The Week

Even though 3D Eye Solutions, Inc. (OTCMKTS:TDEY) registered 1 trade session in the red last week they are generally headed in an upward direction. However, how long will the hype of the most recent paid promotion for the company last.

TDEY had a very decent close of last week when they gained 36% in value in Friday’s session. The ticker gapped up and opened the session at $0.002 and continued to move up and closed at $0.0026 with trades equally scattered through the session. The total amount of shares that were traded in the end of the day came at 68 million and helped generate an estimated $164 thousand in trade value.

This week started of rather well also, as the ticker gapped up once more and opened with a price of $0.0028 per share. Immediately after the start of the session the stock jumped up in price and the heavy trading that took place didn’t cause damage as it continued to move in an upward direction.

TDEY managed to close yesterday’s session with an impressive gain of 34% at $0.0035 per share and a massive volume that was 5 times their average, estimated at a total 149 million shares that had switched hands in the end of the session. This helped generate a trade value of $469 thousand, the highest in several months.

With these impressive gains one can’t help but wonder if the ticker is going to continue gathering momentum in an upward direction. Judging by the lack of news from the company and their most recent financials we can expect the stock to deflate as the promotional emails stop coming in.

 

• cash: $0
• total current assets: $81 thousand
• total current liabilities: $800 thousand
• total liabilities: $2.2 million
• revenue: $0
• net loss: $169 thousand

 

As you can see, the financial state of the company is not rosy at all and it is evident that the only reason that the stock is gaining value is the paid promotion. It won’t come as a surprise if TDEY start crashing as soon as the promotion comes to an end. A speculative short play is possible, but we wouldn’t advise you to take such actions if you aren’t prepared to take big losses.

Let’s not forget what happened to Media Analytics Corp. (OTCBB:MEDA), whose latest $135 thousand promotion came to a disastrous end yesterday, when they lost $54.88% of their value on heavy volume. On the other hand a paid promotion for Nutranomics, Inc. (OTCBB:NNRX) was initiated yesterday and the ticker registered a healthy 36% gain in price.