PositiveID Corporation (fka PSID)

[Snug Harbour]

November 30, 2016, PositiveID closed a Securities Purchase Agreement with ADAR BAYS, LLC providing for the purchase of three Convertible Redeemable Notes totaling $183,750

The Notes may be converted at any time into shares of Company’s common stock at a price equal to 65% of the lowest closing bid price of the common stock for the 15 prior trading days including Nov 30th

.001 was the lowest closing bid on Nov 30th and 15 days prior

.001 x 65% = .00065 conversion price

Total Convertible Notes of $183,750.00 divided by .00065 = 282,692,307 shares, amounts to less then an average days volume.

I don't think they want to sell shares in the trips, they're not making any money.