PositiveID Corporation (fka PSID)

[greaseyfingers]

Are-you going to re-post#6952 as a Sticky, again, as it seems like it's, exactly, what's happening with PSID..IMO

Sparky635 Tuesday, March 12, 2013 5:30:59 PM
Re: knownbrave post# 6944 Post #6952 of 7005
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85603182

NO R/S

Wanted to share this with you knownbrave from another BB? Could any of this be true? Maybe? Thoughts?

PSID has had no financing for years.

They make and sell stock daily with the aid of marketers, they have paid hundreds of thousands of dollars to over the years.

Those marketers are the ones that attract more stock buyers to replace those buyers who have lost all of their money.

They have a list of failed partnerships and teaming agreements.

Management has been very silent after a large PR pump that has lasted for quite some time.

PSID currently has very toxic financing from Ironridge and TCA global. (just research Ironridge and TCA for yourself).

Here is how it works; PSID borrows money from TCA and Iron ridge and then they pay for advertising and other business expenses.

Meanwhile TCA and Ironridge are selling PSID stock to make back there money they have lent PSID.

The whole time all of the above mentioned is going on PSID is selling their stock on the open market.

All of the shares created to “finance” operations results in dilution of price per share of PSID stock.

While good people go for a long shot the PPS falls and falls until it becomes necessary to delete the excess stock that exists on the open market.

That’s right, PSID now needs to rid itself of large amounts of stock.

The best way to do this is of course an R/S which will also increase future PPS for financing dilution.

All of the above are my own opinions. Everyone should do their own due diligence. Pay special attention to the source of the information and verify it for yourself.