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The last trading session brought some cheer for Mind Solutions Inc (OTCMKTS:VOIS) stock price as they gained more than 14% to close the day at $0.00200. After a break, it managed to post a strong session. It witnessed Bull Run in February and in the first week of March when it made a high of $0.0055. After that the stock price has been on declining mode. The company is categorized as a progressive technology firm and therefore, the sudden decline posted in past few weeks came as a surprise for many investors. It has been developing the brain-computer-interface solutions and expects to launch them in near term.

The analysis

The key rationale behind the deep decline gets evident after the financial figures of Mind Solutions are analyzed. As per the last financial report recorded few weeks ago, it announced cash of $113,000. It recorded liabilities of $3 million while the company’s annual revenue came at $100,000. It posted an annual loss of $1.4 million. The financial numbers are clearly lacking strength.

Overly optimistic hopes

Considering the financial numbers, the shareholders should not keep extreme high hopes from Mind Solutions. There is no doubt that the company is working on an innovative product that can add to its growth. However, the approach should be cautious keeping in mind the financial position of the company. The customers can place pre-orders for new device starting from April 28, 2015.

The ride

Earlier in the week, Mind Solutions Inc (OTCMKTS:VOIS) stock price plunged over 20% to trade close to $0.0023 per share. The latest movement in fast few trading sessions indicates that the total downfall that VOIS stock price registered since its peak in month of March now stands around 60%. The company successfully posted gains of more than 30% in last few trading sessions. It could be in anticipations of strong pre-orders starting in this month.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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