ESCC-logo.jpg2011 has not been the most successful year on the stock market for Evans & Sutherland Computer Corporation (PINK:ESCC) so far. Low trading volumes and decreasing share price are a common sight on the daily charts. This week, however, something different happened. Something, never seen before in the trading history of ESCC. ESCC-271011.png

There were no press releases from Evans & Sutherland yesterday, no news, no promotions, no rumours discussed on the Internet. The fact of the matter is, there is nothing of the above this month. Unlike the other sessions in October, however, the one on Wednesday was a real trading frenzy. Most sessions in 2011 had trading volumes way below 50k shares. Monday session had a trading volume below 2k shares, Tuesday one saw no trading activity at all. Yesterday, almost 1.6 million shares exchanged hands. There is not a single session in the whole trading history of ESCC that even gets close to such numbers.

On the other hand, the hype was not of much benefit to the stock price. Another day of decrease has come to pass, with a closing price of $0.38 per share. In the meantime, one additional source for this increased trading activity could have been an SEC filing released recently. Yet, there is also not one. There is a 10-Q statement with an end-date July1st, which includes the following: [BANNER]

  • $2.6 million in cash;
  • $28.8 million in total assets;
  • $41.9 million in total liabilities;
  • $46.3 million in accumulated deficit;
  • $6.5 million in sales;
  • $549k in net loss;

Not exactly optimistic, but neither too bad for a pink sheet. Yet, figures that just add a level of uncertainty that is already related to the stock performance. In terms, despite yesterday’s explosion, it is caution that should be applied when making an informed investment decision.