PositiveID Corporation (fka PSID)

[B Prot]

There are so many things to be concerned with about this stock. I really want to like it and, several times, I've contemplated taking a position.

The concerns have been too great for me to overcome though.

The concerns are:
1) Contract award date gets bumped back;
2) PositiveID doesn't win the contract due to some confluence of the good ole boy network awarding the contract to Northrop Grumman or someone else vying for it;
3) Too much light gets shed on the shortcomings of the BioWatch program and it gets squashed entirely (remember the 'virtual fence' fiasco?)

DHS's handling of these programs doesn't exactly inspire confidence.

Article written on a Congressional hearing in June 2013 regarding the program: http://beforeitsnews.com/terrorism/2013/06/dhs-wants-to-upgrade-biowatch-but-admits-the-system-addresses-a-receding-threat-2446962.html

Can anyone sell me on this?

If #2 or #3 happen the dilution monster will rear its ugly head, and the only hope will be a buyout.