PositiveID Corporation (fka PSID)

[Pisd]

...On December 22, 2015, in order to finance the acquisition of ENG, the Company closed a financing transaction by entering into a Securities Purchase Agreement dated December 22, 2015 (the “Note III SPA”) for an aggregate principal amount of $901,042 and subscription amount of $865,000, net of OID (the “Purchase Price”). The Company also reimbursed the Purchaser $30,000 for legal fees and expenses from the proceeds of the Note. Pursuant to the Note III SPA, the Company shall issue a 4% Original Issue Discount Senior Secured Convertible Promissory Note (the “Note III”) to Dominion. Note III was issued upon payment and will be amortized beginning six months after issuance...

In other words the tanking share price and recent pump, just under 6 months later, is where the million dollars came from, not from being successful at running a business. Note they did it just before Christmas, was delivered on 12/24. Note they did the split on the Friday of a holiday weekend.

Shareholders get to pay their salaries and acquisitions and there are no profits, see?

The list of failed business efforts is very long, they just go from one to the next.