Thursday was a controversial day for Polar Wireless Corp.(OTC:BCDI) on the stock market. On one hand, the company enjoyed trading activity never seen before in its short history. The volume of traded shares reached 674 thousand. On the other hand, this had no effect on the price whatsoever. What is more, there is no immediate reason for such a sudden interest from investors in the company. There were no announcements issued this week, nor was there any promotional activity. There were even no discussions on any major stock market forum. The
volume of traded shares aside, it was another ordinary day for Polar Wireless, no different than the rest of the week.The first two weeks of the year brought by contrast some very positive updates on the current projects of the company. On Jan. 5th, Polar announced that it has entered into an agreement to acquire the outstanding shares of Ontario Inc. The implications of this deal are that Polar would acquire a patent-pending technology, developed by the other company. The technology is claimed to be a solution to the current high global roaming fees for all telecom providers.
The announcement on the 11th was similar. This time the statement was that by combining Polar`s know-how and experience with the newly-acquired patent-pending technology, the company has finally reached its goal to be able to offer a product that eliminates current roaming fees.[BANNER]
Yet, the above announcements received little attention as no significant movement on the stock market took place. Truth be told, controversial issues can be associated with most of the features of the company. Polar Wireless is a development-stage company, yet a person is able to order online the slim sim-like card that should relieve anyone from paying roaming fees in the future. Another matter that should go overlooked is the total assets of the company, which amount to $86 according to the last 10-Q report.
It is with high caution that any trader should look at this stock. On one hand, it is an investment in a revolutionary technology. On the other, an investment in an enterprise with odd balance sheets and controversial facts in every aspect of its development.
