PositiveID Corporation (fka PSID)

[Slacker52]

In my opinion this company is wide open for a massive lawsuit to any lawyers that wanted to take it on.

Why do I say this? Because this is what has been done to us, breach of contract and willful deceit with the intent to defraud shareholders

we were told by the people they hire to promote the stock that they did the original reverse split to preserve shareholder value.

As shareholders we believed in good faith took them at their word and bought

We did not know they had a plan all along to take our money then issue billions of extra shares destroy the value and then reverse split which means everybody ended up with zero

This was done on purpose and after they made their statement of good intent it becomes pretty much straightforward in breach of contract

In a court of law I think this could also be termed deceit with intent to defraud

Go get em lawyers