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 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.
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.