PositiveID Corporation (fka PSID)

[B Prot]

I don't know too much about Ironridge, specifically, but I do know that equity firms remain in business for one reason; they make money.

They don't gamble, and PSID is a gamble at this point in the game.

My guesstimate is that, in the coming weeks/ months, the stock price will head south towards .01, maybe sub-penny but probably not.

I think it'll fluctuate between .01 and .08 range (maybe not that high); with "big money" bid-whacking to shakeout shares and, subsequently, absorbing those shares along the way; selling out in the .05-.08 range. That way, by the time news rolls out on who the contract was awarded to, the "big investor(s)" have already made their money back and then some; possibly even still holding a substantial position.

JMHO.

I'm going to wait to see what the support level is and stake out a long position.

Good luck to all and God bless!