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Talk of uplisting to NASDAQ and big sales need to come through urgently for Rochester, NY based Vuzix Corporation (VUZI: OTCBB). When we last reported on the company shares were trading at $3.95. Today and over the last month, news has slowed down and the promotion seems to have too. We somewhat predicted that this would happen and of course the stock has slid as a consequence. In todays trading shares are changing hands up 6.92% at $3.40. Their product seems to be on track but the difference will be made up by whether or not sales take off.
Shares in the health information provider e Care Solutions, Inc. (OTC: ECSL) could be attracting the bottom feeders as after a big drop in the price of the stock from more than $3.00 to $1.16 in a short period of time. It now looks like we have a classic short cover underway in the OTCBB after an aggressive move off the bottom today.
When we last reported on Adaptive Medias, Inc (ADTM: OTC) the stock was over $5.00. We had discovered that the company was running some king of stock promotion, the effects of which at that time were weakening. Today shares in ADTM are changing hands at $2.81 way off their 52 week high and trading volume is light.
With the current volatility in the markets and no sign of it slowing down, to wake up and find your stock up almost 25% would no doubt put a smile on your face. And that’s exactly what is happening today for investors in Accelerize, Inc (ACLZ: OTCBB).
Imagaeware Systems (OTC: IWSY) sprung back into action towards the end of November and this once high flyer that we were behind in the summer looks to be back on track.
The problem with a lot of marijuana companies is that they are almost setting up to fail. While the some states have accepted the business, the fed doesn’t condone the business yet and if you want to set up marijuana or related business the chances are no bank will give you funding. Those looking to set up grow houses are an accident waiting to happen and we aren’t big advocates of companies engaged in reverse mergers or name changes simply looking to take advantage of the potential change in the law.