Anastas Gegov

Mind Solutions Inc (OTCMKTS:VOIS) Drops Again

by Anastas Gegov March 31, 2015

Mind Solutions Inc (OTCMKTS:VOIS, VOIS message board) has been going through a rough period lately. After ascending throughout February and the beginning of March the ticker reached a price of $0.0055, but quickly began to descend.

 

And all this is despite the fact that VOIS is a cutting-edge technology company developing and producing brain-computer-interface (BCI) solutions. One of the reasons for the bad performance may be the poor financial sheet that VOIS has. Here is what was contained in the annual financial report that was posted a couple of weeks ago.

 

  • cash: $113 thousand
  • liabilities: $3 million
  • annual revenues: $100 thousand
  • annual loss from operations: $1.4 million

 

Really not impressive, but on the other hand VOIS has great potential. Most recently, the company announced that pre-order of the company’s mobile BCI will begin on April 28, which is great news. Somehow, however, that didn’t work out positively for the ticker.

 

Yesterday the company stock lost 20.69% of its value and closed the session at $0.0023, making the total loss that VOIS has endured since its peak earlier in the month 60%. We saw a total of 103 million shares change their owners that generated $247 thousand in daily dollar volume.

 

Today hasn’t started any better and VOIS is currently 3.91% in the red. In any case, due diligence and caution are highly advised.

 

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