PSID's-management has always been a cash-burner money pit..
PSID's management is responsible for letting a $9.00 stock go all the way down to 2 cents, reflecting it's current value, by lacking to earn any income revenue off any of their many products being developed and promoted..
PSID's top management has always paid themselves outrageous salaries, bonuses, and rewarded themselves with many millions of stock shares..
There are 475 million authorized shares of PSID stock, of which 244 million shares are outstancing..
PSID management knows they can't keep diluting a nearly rock bottomed, 2 cent stock without making it look to obvious to everyone..
PSID likes to go through money, like it's going out of style toilet paper..
What better way to do this, than do a reverse stock split, that will raise the price proportionately to the split ratio..
Then PSID's management can raise more money, for themselves, by selling more shares and keep diluting that money, too, until it's nearly gone, and back at the 2 cent level, again..
If PSID's BioWatch Generation-3, M-Band, receives the DHS Contract and starts earning revenue income, as I hope happens..
Then PSID won't have to resort to their diluting tactics and eroding share holder's value..
