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Examples are the best points. PSID did reverse splits until there were no shares left. 5 million common eventually turned into 1 share via R/S's. GOHE is on the same track. The SEC and FTC have a whistle blower link. Posting here with no action "is how crabs survive" buried in the sand. They have a scaphognathite - we don"t. Time to figure out how to pull the rip cord on these groups.
@LUCKY FELLOW @JOE BRONX Your posts are right on target. Global Payout won't file a Form 10 or any other disclosures until forced by the SEC or another regulatory body. If you operated under the same guidelines as these companies, the FEDs would have you covered like a blanket. Now ask yourself how they get by with this thievery. Ditto for "Singlepoint" SING.
SURE YOU CAN AVERAGE DOWN: ZERO DIVIDED BY ZERO = ?
It has been rumored you can play ice hockey on Lake OkeeChobee in August. It is also rumored Positive ID has paying products in the pipeline. Indeed they do: the sewer pipeline.
Positive Id's 1:: 3000 R/S made believers and minnionaires out of long term shareholders.
Similarly, that horse lying down just before the race started, was a sure winner.
Old Story But Still True:
A Fool Went To The Racetrack. I Want To Bet On A Sure Winner. I Really Need The Money. So, After Visiting The Preview Pit, The Somewhat Anxious Fellow Placed A Tidy Sum On A Horse No One Else Would Pick. The Odds Were Great - 5000 to 1 The Horse Would Not Ever Complete The Race. The Owner Reassured Him, It's A Sure Ringer. The Fool Asked - "Why Is The Horse Lying Down Just Before The Race Starts." - The Owner Quipped - "Don't Worry, He's Just Pretending To Be Dead, He'll Get Up When The Gate Opens...!"
THE REAL STORY WITH POSITIVE ID.
It has been rumored you can play ice hockey on Lake OkeeChobee in August. It is also rumored Positive ID has paying products in the pipeline. Indeed they do: the sewer pipeline.
Positive Id's 1:: 3000 R/S made believers and minnionaires out of long term shareholders.
Similarly, that horse lying down, as a trick, just before the race started, was a sure winner!!
Old Story But Still True:
A Fool Went To The Racetrack. I Want To Bet On A Sure Winner. I Really Need The Money. So, After Visiting The Preview Pit, The Somewhat Anxious Fellow Placed A Tidy Sum On A Horse No One Else Would Pick. The Odds Were Great - 5000 to 1 The Horse Would Not Ever Complete The Race. The Owner Reassured Him, It's A Sure Ringer. The Fool Asked - "Why Is The Horse Lying Down Just Before The Race Starts." - The Owner Quipped - "Don't Worry, He's Just Pretending To Be Dead, He'll Get Up When The Gate Opens...!"
RIPLEY'S BELIEVE IT OR NOT.
So, someone talked to management, eh. Where on the Disney Channel. They only post on Twitter, as best I can determine; and they certainly don't take phone calls.
A lot of what's happening in the background with Positive ID is media and SEC attention; and not the "positive kind."
They've continued running a "Ponzi Scheme" and for all intents and purposes the truth is coming into the light.
Check your brokerage account. If you invested $5K in this POS; it's worth $35 in Sep 2017. Maybe they'll see that light I referenced and convert each share into a 1:1 Bitcoin payout?
A Fool Went To The Racetrack. I Want To Bet On A Sure Winner. I Need The Money. After Visiting The Preview Pit, He Placed A Tidy Sum On A Horse No One Else Would Pick. The Odds Were Great - 5000 to 1 THe Horse Would Not Complete The Race. The Owner Reassured Him, It's A Sure Ringer. The Fool Asked - "Why Is The Horse Lying Down Just Before The Race Starts." - The Owner Quipped - "Don't Worry, He's Just Pretending To Be Dead, He'll Get Up When The Gate Opens...!"
Giving all due respect and consideration to your post; who will be left to count their shares after the frigging flapping reverse splits this company authorized?
Glaciers moving southward out of British Columbia, Canada have made more forward progress than Caragol / Probst and Positive I.D.
Their antics make it difficult for other small enterprises to get a foothold or be funded.
Caragol and Probst might just as well be staked out at the corner of Hollywood & Vine with two Tin Cups, and a Circus Monkey dressed in a flashy new Red Hat.
Check the value of PSID and number of shares left in your portfolio.
Unless you believe and are convinced they plan to reward shareholders with Bitcoin or other redeemable fiat currency - what person in their right mind - would spent one more dime on this POS?
Right on target.
I've already wasted a lot of money on this POS, I hate to waste time as well. However, some new investors might be fooled, as I must admit I was, because various sites post different valuations for PSID. Combine those falsehoods and low share price and folks will buy tons of this crap before reality sets in.
http://www.otcmarkets.com/stock/PSID/quote
OTC markets shows a 52 week range of $.01 to $510.00
Now, that said, who wouldn't take $510 / share for what remains after that reverse split? Historically, much higher valuations have been seen on Yahoo and other venues as one attempts their proverbial - "Due Diligence."
WHISKEY LADY IS RIGHT - IT'S THE OTC AND SECURITIES & EXCHANGE COMMISSION WHO MUST ULTIMATELY DEAL WITH FRAUD. FAR AS WE KNOW, PSID HASN'T FLEECED BAC OR BLACKROCK SHAREHOLDERS YET. IF THAT HAD OCCURRED WE WOULDN'T BE HAVING THIS CONVERSATION.
You're exactly right.
However, the company keeps a positive spin on "Twitter."
At least enough spin to fool the uninitiated.
I stumbled upon this mess because of share price and product.
Everyone wants a winner they can write home about.
But few want to use hard earned money achieving that goal.
If you think about Ponzi schemes, this smells like the real thing.
Not funny, but think about Bernie Maddoff.
He was successful because he "made off" with everyone's money.
Seems there's not a blasted thing you can do but wait.
CORRECTION TO MY EARLIER POST:
IN ALL FAIRNESS::
OTC Markets has salient current news regarding Positive ID Corporation. Thus I correct portions of my previous note regarding the availability of such data.
[http://www.otcmarkets.com/stock/PSID/news]
Other sources list the company's current market cap at $236 Million Dollars. Data you can verify independently.
That being said, perhaps it is also appropriate gathering news from multiple credible venues aside from the present offering.
Adding to that statement - this is the only bulletin board I've located with regular posts on PSID. Validity of those posts, as with any free market opinion, cannot be ascertained.
Yes, any investor with aspirations of striking it rich with PSID might get another opinion about those prospects.
I STAND BEHIND BY ALL PREVIOS STATEMENTS AND COMMENTS: "A DEAD DOG WILL NOT BARK."
PLEASE DON'T TRY TO ELECT MY TO SOME PUBLIC OFFICE, BECAUSE I CAN'T LIE. THUS I'D BE DOOMED FROM THE ONSET.
FOR THOSE CELEBRATING OUR NATION'S INDEPENDENCE DAY - PLEASE ENJOY THE HOLIDAY. MANY HAVE MADE THE ULTIMATE SACRIFICE FOR OUR FREEDOM.
Many investors lost similar amounts. Nonetheless, Caragol, Probst, and another entity representing them post very regularly on Twitter. They're even bold enough to promote themselves via PODCAST or video. According to PSID Twitter news releases their business has a bright future. As most know, anything reported on Twitter can be refuted or denied. You can't find these data points in other publicly available media. Equally puzzling is why anyone would continue flipping this sub-penny pos. Doing so gives the impression there's a real thriving PSID market out there; which from all other indications does not exist. If you have post split shares may as well hold them, in the outside chance a legal dispute arises.
PSID rode the coat tail of another entity conducting research and development work for the U.S. Government via DHS. It is only, and I repeat only, when those departments begin questioning PSID's use of government funds that the lid will be blown off this sewage drain. Then the backwash will force management to float to the surface picking and grinning all the while.
How you accomplish that is your individual choice.
Remember: If you kick a dead dog it will not bark; but secretly behind closed doors the owners might bark louder than you can imagine!!
Many investors lost similar amounts. Nonetheless, Caragol, Probst, and another entity representing them post very regularly on Twitter. They're even bold enough to promote themselves via PODCAST or video. According to PSID Twitter news releases their business has a bright future. As most know, anything reported on Twitter can be refuted or denied. You can't find these data points in other publicly available media. Equally puzzling is why anyone would continue flipping this sub-penny pos. Doing so gives the impression there's a real thriving PSID market out there; which from all other indications does not exist. If you have post split shares may as well hold them, in the outside chance a legal dispute arises.
PSID rode the coat tail of another entity conducting research and development work for the U.S. Government via DHS. It is only, and I repeat only, when those departments begin questioning PSID's use of government funds that the lid will be blown off this sewage drain. Then the backwash will force management to float to the surface picking and grinning all the while.
How you accomplish that is your individual choice.
Remember: If you kick a dead dog it will not bark; but secretly behind closed doors the owners might bark louder than you can imagine!!
GOVERNMENT R& D CONTRACTS (Positive ID Corporation)
R&D contracts require contractors to furnish scientific and technical reports, consistent with the objectives of the effort involved, as a permanent record of the work accomplished under the contract. These are binding agreements whereby all parties are subject to the same rule.
Agencies should make R&D contract results available to other Government activities and the private sector. Contracting officers shall follow agency regulations regarding such matters as national security, protection of data, and new-technology dissemination policy.
The level of effort assigned incorporates payment as appropriate to the prime contractor; subjunctive funding and distribution to other team members will be in accordance with agreements reached between those parties and shall not adumbrate guidelines and transactions clearly established for accountability of said party and their use of government provided, i.e., taxpayer funds.
The level of effort stated in the original agreement does not guarantee follow on funding. All parties, using government, and therefore tax payer funding are strictly bound by GAAP rules and regulations.
It is also generally known and understood the government may at anytime terminate (without advance notice) the effort in its entirety.
As such, it is incumbent upon on all participants to separate Government R&D efforts; from unfunded private marketing activities.
OPINION: Positive ID Corporation. Saturday, 03Jun2017
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PSID, hired former government official (from the Obama administration)to work as a contractor. Presumably Dr. Smith's prior assignment(s) might facilitate, said corporations, effort to implement SenseNet. [end extract]
Given the original statement of work's stringent guidelines, failure to perform will result in a DHS recommendation to cancel all or part of the effort. There would not be any follow on proposal. Leaving PSID with only the very competitive public health sector in which to market products.
If collectively or in part the product(s) were viable, as described by PSID management, efforts to compensate / return shareholder equity would have resulted in the sale of the company.
Noting, as well, the U.S. government may deploy a prototype for testing; however, there must be a declaration, said product is compliant and fully operational. Further, no declaration presently exists outlining PSID's strategic relationship with any prime contractor. Neither has PSID disclosed whether their portion of the agreement was awarded as a "sole source" / "no-compete" option granting them specific remedies if SenseNet or Firefly was not accepted by the government, or Boeing, or any partner.
Circumstantially absent are references to any pending license agreement(s) supporting PSID's claim and intent to export said product for private or commercial use.
Department of Defense contracts have oversight; with said authority residing within OMB and congress; inclusively [U.S. Department of the Interior via DHS Science & Technology Directorate.]
Attempts to defraud entities, public or private, regardless the place of incorporation, carry a burden of proof, the company was not complicit in such activities.
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May 30, 2017
PositiveID Subsidiary ExcitePCR Names Chief Science Officer
Dr. Kimothy Smith served as Senior Advisor for International Biodefense at Department of Homeland Security's Office of Health Affairs
DELRAY BEACH, Fla., May 30, 2017 (GLOBE NEWSWIRE) -- PositiveID Corporation (OTC:PSIDD), a Life Sciences company focused on detection and diagnostics, announced today its wholly owned subsidiary, ExcitePCR Corporation, has named Dr. Kimothy Smith its Chief Science Officer.
Dr. Smith, a recognized biodefense expert, will join Lyle Probst, the CEO of ExcitePCR, to manage the development of Firefly Dx to completion and commercialization, and execute the company's mission under the U.S. Department of Homeland Security ("DHS") SenseNet program to provide faster, less expensive bio-threat detection systems while providing an added level of security.
Dr. Smith served as Senior Advisor for International Biodefense at DHS' Office of Health Affairs and as Acting Director of the National Biosurveillance Integration Center, where he set the vision and strategy of a U.S. government-wide effort to acquire, aggregate, integrate, analyze, interpret and disseminate all-source biosurveillance information from governmental and private sectors for epidemiological analyses and health protection.
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[One proven method that prevents maggots from becoming flies is public awareness.]
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TO: POSITIVE ID CORPORATION Friday, 02Jun2017
Once in a while, you stroll through, what appears to be a beautiful meadow. Unaware, since it's hidden from view in the tall grass is something curious, then plop, you've got this s*it on both shoes.
You thought you knew the trail, then plunk, you fall head first into an even bigger pile of stuff called a "reverse s'it."
Soon discovering that William Caragol and Lyle Probst are in that grass producing manure; shoveling it out faster than you can say "quick turn and stop," all the while tweeting to investors about future prospects of something that keeps being marketed to invisible partners.
But what are you going to do? Your clothes and shoes are covered in this crap. You should have smelled the mess, especially after seeing something being put in large plastic bags.
However, you couldn't because these folks were not supposed to be in that meadow producing copious amounts of this product.
Their job was to bring whatever it is to a point of sale. After all, that's what their loan agreement specified. That's why all those shares were issued in the first place.
Now look at them, their financiers, and shareholders - who smells worse?
TWO MYSTERY COMPANIES
In 2009 this (mystery) company had a very similar starting point. Trading off the grid because no one understood the potential. Impossible to quantify PSID's potential under the current circumstances. However, the other mystery company is BITCOIN. What value would your 333 shares have in that venue now?
Granted, the reverse split was on the same scale as "Shock The Monkey." However, if you survived that 3000 volt shock and didn't part with your shares - hold them.
Hindsight is always 20/20.
I Prefer Bourbon Please.
In 2009 this (mystery) company had a very similar starting point. Trading off the grid because no one understood the potential. Impossible to quantify PSID's potential under the current circumstances. However, the other mystery company is BITCOIN. What value would your 333 shares have in that venue now?
Granted, the reverse split was on the same scale as "Shock The Monkey." However, if you survived that 3000 volt shock and didn't part with your shares - hold them.
Hindsight is always 20/20.
Your observation is astute. As news surfaces about PSID it won't require much effort buying the company lock stock and barrel. Regardless the CEO's effort maintaining control by issuing billions of shares, in the short run / long run, the company will be bought out. Speculation about a R/S seems purely that; reducing the number of shares is equivalent to chewing off your own leg to escape the evasive maneuver you set for others. Notice if you will "the current tendency to "buy and simply hold."