Payment Data Systems Inc (PYDS)

[Mermelstein]

My cost basis is slightly below $0.10. Many, many, many shares at that level. In fact, I guarantee you Hoch sold me some of those shares. And if it wasn't for his automatic selling, I probably couldn't have accumulated anywhere close to the number of shares I have at that price.

Same thing is happening with the stock now. I'd say based on what we know now as to the financial performance, there is less risk at $0.27 than there was at $0.10. When the stock was below $0.10, nobody had a clue that they would turn the company around to what it is today.

I'm rather shocked the stock is trading below $0.40, but dumb money is what makes markets.