Payment Data Systems Inc (PYDS)

[Hollycoop129]

Not impressed with today's news. Their model is broken and dying. This appears purely a lifestyle company for the CEO who doesn't appear to have shareholders best interest in mind.

All their products are sold through Agent ISO Channels where they probably give away more than 50-80% of revenue. Can't control agent sales, can't forecast agent sales, can't drive agent sales.

Internal, organic growth would be huge for them but the CEO clearly doesn't get it.

There would be no residual payments to inside sales reps, one time spiffs only...unlike ISO/Agent. As long as the Ceo controls the company, shareholders will continue to lose in my opinion.