PositiveID Corporation (fka PSID)

[greaseyfingers]

Will-the-outcome of the Share-Holders meeting lower PSID share-holder-value, if they are going to increase the amount of PSID shares from 180 million shares to 475 million shares, as they are intending to do..

What's everyone's view point on this proposal, on how you think that it is going to be affecting the current PSID share holder's value..

And how do you think that the viewing public will perceive the integrity of Positve Id company, by doing this to it's current share holder investors..





I12B007 Share Thursday, May 24, 2012 2:43:08 PM
Re: makingbiigdough post# 758 Post # of 777

"l12B007... ...If i am correct i was told the ASM will commence on 29th of this month. "

Unless I'm reading wrong, the meeting has already happened, on May 21st. Three days ago.

page 4, paragraph 1 -

http://files.shareholder.com/downloads/ABEA-3Y7P8E/0x0xS1398432-12-310/1347022/filing.pdf

"The 2012 Annual Meeting of Stockholders of PositiveID Corporation, a Delaware corporation, or the Company, whose
headquarters are located in Delray Beach, Florida, will be held at our principal executive offices located at 1690 South Congress
Avenue, Suite 200, Delray Beach, Florida 33445, on May 21, 2012, at 8:00 a.m., Eastern Standard Time"

"for the following purposes:
1. To elect five directors to hold office until the 2013 Annual Meeting of Stockholders and until their successors have been
duly elected and qualified;
2. To approve an amendment to the PositiveID Corporation 2011 Stock Incentive Plan to increase the number of authorized
shares of common stock issuable under the plan from 6,000,000 to 25,000,000 shares;
3. To approve and adopt an amendment to our certificate of incorporation to increase the total number of authorized shares
of our capital stock from 180 million shares, of which 175 million shares are common stock, to 475 million shares, of which
470 million shares will be common stock; and
4. To transact such other business as may properly come before the meeting and at any adjournment thereof.
The Board of Directors has fixed the close of business on April 9, 2012 as the record date for the determination of
stockholders entitled to receive notice of the meeting and vote, or exercise voting rights through a voting trust, as the case may be, at
the meeting and any adjournments or postponements of the meeting. The Company will make available a list of holders of record of
the Company’s common stock as of the close of business on April 9, 2012 for inspection during normal business hours at the offices
of the Company, 1690 South Congress Avenue, Suite 200, Delray Beach, Florida 33445 for ten business days prior to the meeting.
This list will also be available at the meeting.
By Order of the Board of Directors,
WILLIAM J. CARAGOL
Chief Executive Officer
Delray Beach, Florida
April [ ? ], 2012"