PSID's mobile labs, loses money every quarter.
PSID acquired this money losing business for one thing. To hype that they had a revenue stream. Of course this was predictably used as PSID's hype PR's on increased revenues by hundreds of percents. Which worked for the "investors" that only read the hype headlines and did not bother to see that PSID was still deep in the red losing millions every Q. Look back at the PSID headlines when the quarter results were released. They ONLY PR'd fantastic revenue increases and new business activity, NEVER mentioning the huge losses they continued to take and the obvious need to continue to get TOXIC LOANS going forward with no end. And just as predictably (because this is what PSID does, and is the only thing they do) they insanely dilute the shares, they regularly do a Reverse Split and they consistently pay themselves huge compensation for gouging stockholders stuck with worthless shares.
This is what they did in just the first quarter:
How utterly brazen is that.....
Common stock, 19,995,000,000 shares authorized, $0.0001 par value; 5,333,246 and 359,075 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively
I have stated before that accounting for PSID's many reverse split that they have created the equivalent of 80,0000 Trillion shares. More shares than stars in the galaxy, and that is not accounting for the last psid reverse split.
And it WILL continue.
It takes five minutes to get into any of PSID's quarterly filings to see that this is a share selling business and nothing more.
