Fidelity SPDR Advertisement
Home > Boards > US OTC > Electronics and components > PositiveID Corporation (PSID)

PSID owned 871.754k shares of DIGAD per 10.08

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
healey Member Profile
Member Level 
Followed By 5
Posts 392
Boards Moderated 0
Alias Born 12/14/09
160x600 placeholder
Current Report Filing (8-k) "Edgar (US Regulatory)" - 8/22/2014 4:31:17 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 8/14/2014 4:04:26 PM
Amended Statement of Ownership (sc 13g/a) "Edgar (US Regulatory)" - 8/14/2014 2:56:15 PM
PositiveID Analyst Inspection: Emerging Contender in BioThreat Detection - First Ever Revenue Guidance and Backlog Position C... "PR Newswire (US)" - 7/23/2014 9:30:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 7/3/2014 4:30:39 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 6/6/2014 9:01:06 AM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 5/20/2014 8:31:46 AM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) "Edgar (US Regulatory)" - 5/15/2014 4:13:49 PM
Initial Statement of Beneficial Ownership (3) "Edgar (US Regulatory)" - 4/21/2014 4:30:56 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/21/2014 9:07:55 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 4/18/2014 2:12:15 PM
Mutual Fund Summary Prospectus (497k) "Edgar (US Regulatory)" - 4/11/2014 4:03:53 PM
Annual Report (10-k) "Edgar (US Regulatory)" - 4/11/2014 4:02:50 PM
Designate a New Effective Date for a Post-effective Amendment Previously Filed Pursuant to Rule 485(a) (485bxt) "Edgar (US Regulatory)" - 3/31/2014 4:27:36 PM
Notification That Annual Report Will Be Submitted Late (nt 10-k) "Edgar (US Regulatory)" - 3/31/2014 4:27:11 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 3/31/2014 8:15:55 AM
Investorideas.com Security Conference Adds Viscount Systems (OTCQB: VSYS) to Presenters; Speakers Discuss Key Security Issues... "Marketwired" - 2/20/2014 2:05:06 PM
Investorideas.com Security & Defense Conference Adds Biodefense Company PositiveID (OTCQB: PSID) to Presenters: Themes Includ... "Marketwired" - 2/11/2014 2:59:03 PM
Designate a New Effective Date for a Post-effective Amendment Previously Filed Pursuant to Rule 485(a) (485bxt) "Edgar (US Regulatory)" - 2/7/2014 4:49:30 PM
Designate a New Effective Date for a Post-effective Amendment Previously Filed Pursuant to Rule 485(a) (485bxt) "Edgar (US Regulatory)" - 2/7/2014 4:48:15 PM
Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) "Edgar (US Regulatory)" - 2/7/2014 4:47:47 PM
Amended Certified Annual Shareholder Report for Management Investment Companies (n-csr/a) "Edgar (US Regulatory)" - 2/7/2014 6:02:03 AM
Amended Certified Annual Shareholder Report for Management Investment Companies (n-csr/a) "Edgar (US Regulatory)" - 2/7/2014 6:02:02 AM
Notice of Effectiveness (effect) "Edgar (US Regulatory)" - 2/7/2014 6:01:30 AM
healey Member Level  Thursday, 11/14/13 03:42:25 PM
Re: None
Post # of 15145 
PSID owned 871.754k shares of DIGAD per 10.08 filing: http://www.sec.gov/Archives/edgar/data/924642/000139843213000680/psid20131007c_sc13ga.htm.


DIGAD is trading around 2.00$ today. IF (mite not be enough buying interest their) they could have sold those shares for 2.00*871.754 = 1.742m$. Instead as today's p/r shows, they only sold it for $750k. I guess that's the reason they got the warrants for 300k shares of DIGAD at 2.84$ (ie. to not crash the stock of DIGAD by dumping these shares in the open market).


update: PSID also owned, per today's p/r a convertible note that was convertible into 135.793k of DIGAD stock. It was also included in the sale for total proceeds of $750k.

My take: this was a horrible deal for PSID. Seems to me like some corruption going on. Even if PSID crashed DIGAD's stock and sold all the shares at an avg price of $1.00 (ie. 50% of Digad's current trading price), they'd still get $1.007547m!

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist