Wialan Technologies (OTCMKTS:ACYD)’s Unstable Situation

43ACYD_chart.pngThe stock of Wialan Technologies (OTCMKTS:ACYD) was climbing pretty good over the course of a month before crashing hard in the first sessions of November. By the middle of the month the price started to stabilize, but is still moving approximately 50% below the November 1 peak.

The company has been trying hard to provide some security to its investors and had announced its plans of a buyback strategy from current shareholders, with which they wanted to tighten the share structure and increase the price per share.

ACYD announced this back on September 20, when they closed the previous session with a price of $0.0032 per share, so by now, their plan has worked out well. The total increase in price since then is estimated at a whopping 868%, even after yesterday’s drop.

Yesterday, ACYD droped some 18.42% and the ticker closed the session with a price of $0.031 per share. The volume of traded stock was the the biggest in a month of trading as a total of 11.7 million shares switched hands, generating $381 thousand in dollar volume.

996LOGO.pngOne of the biggest problems of the company is the lack of concrete financial information, not to mention the not so promising report covering the quarterly period ending June 30. Also, ACYD know very well that their stock has a very high market cap, to which they refer as “bloated” in the latest investor conference call.

It is clear that there are a lot of issues that need to be addressed and the stock is one of the most volatile out there. ACYD can sway in both directions, regardless of the press releases, because we simply can’t see what the company has as far as it goes to financials.

They also mentioned in their conference call that they plan their worldwide expansion with a manufacturing facility in Brasil, which is already on the way and will be covering South America. They also plan on expanding in Europe with a facility in Bulgaria, which will not be that easy, considering the current political and financial crisis and the pro-left government, which isn’t very keen on attracting western investitions, so we guess that this is just a future plan that is not yet developed.

0GOVX_chart.pngUntil we get some concrete news on the situation inside the company, however, it’s all just words. In any case, be sure to do a lot of due diligence and weigh out the risks if you have any ideas of betting on ACYD.

The big news from today. After a long wait and a 29% loss in yesterday’s session Makism 3D Corp. (OTCBB:MDDD) has finally been halted. GeoVax Labs, Inc. (OTCMKTS:GOVX) also had it bad yesterday, with a 33% drop.

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