A friend told me that this is a great idea.
FrCN and GRSo radar very low o/s and no dilution latley.,...they both look great chart
same boat, you'd think one matter which would catipult a pathogen detection supply firm would be an epic global pandemic,
what 50/1 stock split?
At present, yes, PSID investors cannot trade their shares on any public market so "all shareholders of PSID have totally lost their investment".
If PSID chooses to reregister with a FORM 10 then the PSID shares could trade again on a public market....but only a few of the 2,040 companies with revoked registrations have ever reregistered.
Are you saying that all shareholders of PSID have totally lost their investment?
THEY throwing dirt on this as well, hoping nobody much interested, THANKS FOR THE MONEY SUCKERS attitude imo, terrible...
good info, RIP psid ...
The usual procedures for the SEC when an SEC Registered company is severely delinquent in filing Financials are to first contact the company advising the company of the Financials delinquencies. When the company cannot or will not file the delinquent Financials the SEC then suspends the stock and begins Admin. Proceedings to revoke the company's stock registration(s).
Some time thereafter the Admin. Law Judge revokes the company's stock registration(s).
In a few instances, like PSID today, the company responds to the first contact from the SEC about the Financials delinquencies and rather than have their stock suspended and then waiting for the SEC Admin. Law Judge to revoke their stock registration(s) the company agrees to their stock registration(s) being revoked.
Quite a shock to shareholders when their stock can no longer trade with the stock registration(s) revoked, but essentially the same end result happens if the SEC had first suspended their stock and the Admin. Law Judge quickly thereafter revokes the company's stock registration(s).
PositiveID Corp. was 2 years delinquent in filing their Financials:
PSID registration revoked: No prior SEC Suspension, but "PSID consents to the entry of this Order Instituting Proceedings, Making Findings, and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Order”)"
Learned easier to rip off investors..than put out products...
This company no longer exists...tried calling, no answer
has'nt diluted since may/june/19,, 2.22B
Hard to understand SEC thinks this is OK? ...
HOW IS ceo NOT DEAD OR IN JAIL? LOOK AT ALL THESE REVERSE SPLITS AND EVEN NOW STILL 20B AS......https://www.otcmarkets.com/stock/PSID/security
o/s still around 2B,, have no idea what thier up to,
PSID PHONE DICONNECTED 561 805 8000 AND no referral given. 3 r/s one per year Capital Change=shs decreased by 1 for 50 split Pay date=07/05/2016.
Capital Change=shs decreased by 1 for 3000 split Pay date=05/23/2017.
Capital Change=shs decreased by 1 for 1000 split. Ex-date=04/18/2018. Pay date=04/18/2018.
another due? the are not current so they cannot? r/s?
Right, I am VERY CRITICAL of SEC...they suck. If they do anything, what they will do is wipe out remaining shareholders, and that's about it.
WSJ article wolf of Montreal whistle blower let them know about millions in property here, they do nothing and don't pay the person.
Also because new peeps to trading think, well the SEC allows this to trade so it must be legit, well no. In fact the SEC does allow these lower down white collar thieves to operate with impunity, as long as they put out the Q's and K's, then everything OK.
Even worse of course pink sheet no filings, but these guys were once on NASDAQ so the deception is much deeper imo, as you allude to.
It's a stealing candy from a baby situation here with deliberate malevolence throughout.
I consider PSID my teacher and I thank them for whatever education.
Will not go up. Feel sorry you got in this Ponzi scheme. R/S coming again and will dilute again. Just the way PSID is.
You are so right. I've been burned by this sham more than once. The SEC should close this lie of a Company down and never allow it to emerge. The directors should be in prison for many years.
I fell in the trap.
Bought in and doubled down after the reverse split.
Glad I was able to provide another ATM withdrawal.
Tell the work I'll take their money.... with me they would get a smile, with the company they will get poor.
Did the same thing those 3 times I got in on this one. Guess what happened, R/S, each and every time. Once the R/S happens, guess what, an extreme downturn, each and every time. Companies who conduct extensive Reverse Splits, just like this one, is not a company to get involved with. It follows the model of what Bernard Madoff did with his Ponzi Scheme.
got in while it started it's descent from 7's , kept adding all the way to 2's , down around 4 g's,, having said that 3's i'd be even,, not one to take a hit personal , imo believe we get a run out of this share base,,,
They will RS again and will leave you with zero. Take the loss, no choice here, since you are never going to gain anything, and take a tax write off at end of year. This will free up your portfolio and you can begin fresh. I had to do that 2 years ago. I was foolish, held onto them, and was at zero. Ended up filing "worthless securities' with my brokers. Took a $2500 loss and applied to my taxes, which lowered my taxes.
Delray Beach, FL-based PositiveID has received FDA clearance for its iglucose mobile health system for diabetes management. The system uses mobile technology to help diabetics manage their condition by communicating glucose readings from data-capable glucometers to the iglucose management portal.
Johnson & Johnson Nipro ???
The iglucose system collects and transmits stored data from a variety of blood glucose meters, including Johnson & Johnson's ($JNJ) LifeScan OneTouch and Nipro Diagnostic True monitoring systems, to a secure database by wireless cellular technology.
Over the coming months, the company plans initial roll-outs with several partners. PositiveID already has the wireless infrastructure in place through partnerships with AT&T in the U.S. and Rogers Communications in Canada, and will look to add additional wireless partners.
"iglucose is a safe, flexible, convenient, cost-effective and straightforward solution that we believe will revolutionize the way people with diabetes manage their condition," explains company CEO William Caragol in a statement. "iglucose represents an opportunity to help decrease costs to our healthcare system by helping to improve disease management and patient compliance. This FDA clearance is an important validation of our product offering for PositiveID and we will work diligently to make iglucose available to everyone affected by diabetes in the near future."
PositiveID is focused primarily on diabetes management, rapid medical testing and airborne bio-threat detection. It was formed in November 2009 through the merger of VeriChip Corporation and Steel Vault Corporation, according to the company's website.
The company has worked with a number of big names in the pharma and medical devices industries. Early last month, it announced that its iglucose will be used in a diabetes study sponsored by the American Medical Directors Association Foundation and supported by Sanofi ($SNY).
3. Please revise to clarify the reasons for the increase to your authorized shares, in light of the increases you obtained in November 2014 and April 2015. We note, for example, that your disclosures here regarding the reasons for the increase are substantially similar to the reasons for the increases disclosed in November 2014 and April 2015; however, it is unclear from your current disclosure why the prior increases were insufficient.
On December 20th, 2012, PositiveID Corporation (PSID) announced they have teamed up with The Boeing Company for a licensing agreement that could lead to big profits for both companies. The Boeing Company will manufacture and sell PositiveID’s M-BAND bio-threat detection devices in North America, while PositiveID secures reoccurring revenue streams by retaining the rights to sell the reagents and assays for the devices.
What is Bio Watch 3?
Bio Watch Generation 3, a program being procured by Homeland security and estimated to cost $3 billion, involves the deployment and testing of an estimated 2,500 M-BAND units as part of the Department of Homeland Security’s Bio Watch Generation 3 program, set to roll out over the next five to six years...
...In addition to bio-threat detection technology, PositiveID’s HealthID division is focused on providing health solutions for consumers, businesses and animals, such as blood glucose monitoring, rapid virus detection, and various other products aiding diabetes management. Products announced so far include iglucose, Easy Check and GlucoChip.
1 year chart flatlines, more than that wiped out terrible...
ALL THE PRODUCTS FAIL ..... SO CAN MAKE MORE MONEY .....
REPEATED REVERSE SPLIT PENNY-SCAM