Accelerize Inc (OTCBB:ACLZ) Tries To Recover

[[tagnumber 0]][[tagnumber 1]]The first half of the year was rather uneventful when it comes to the stock of Accelerize Inc (OTCBB:ACLZ). The ticker barely moved, hovering around the $1.50 per share mark most of the time before slowly climbing a bit higher in the final days of June and most of July.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]That’s when the price began to slip, slowly at first, and then more rapidly. [[tagnumber 6]]ACLZ[[tagnumber 7]] took its first big blow in the middle of August after the company announced a public offering. They sold 2.14 million new shares of common stock at a price of $1 each, as well as a total of 1.28 million warrants with a price of $0.00001 that have an exercise price of $1.32. The discounts were not that big, but still, the ticker came crashing down.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It did manage to stabilize below the $1 per share mark for some time before it began to slide down again. This is happening despite the fact that the company’s financials for the second quarter were not that terrible.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 15]] [[tagnumber 16]]cash: $403 thousand[[tagnumber 17]] [[tagnumber 16]]current assets: $3.09 million[[tagnumber 17]] [[tagnumber 16]]current liabilities: $1.7 million[[tagnumber 17]] [[tagnumber 16]]quarterly revenues: $5.46 million[[tagnumber 17]] [[tagnumber 16]]quarterly net loss: $1.75 million[[tagnumber 17]] [[tagnumber 26]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Decent numbers for an OTC company, especially looking at the revenues. The cash positions, however, have been drastically lowered compared to the end of last year. On the good note we see an increase in revenues, but the net loss has also gone up, mainly due to an increase in R&D and G&A costs.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, [[tagnumber 6]]ACLZ[[tagnumber 7]] managed to slide to a 52–week low of $0.39 per share in Wednesday’s session. It appears, however, that this was as low as the ticker can go. Despite yesterday’s lack of news we saw the company stock climb 17.95% to close at $0.46 while a total of 209 thousand shares were traded and generated $86 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today, however, we see that [[tagnumber 6]]ACLZ[[tagnumber 7]] is hesitating and has moved nowhere since the beginning of the session. In any case, you should be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]