Replies to post #32443 on PositiveID Corporation (fka PSID)

[Pisd]

You must be referring to these institutions?: "...The Company has been funded historically with convertible debt instruments with a group of lenders (the “Lenders”). As of March 31, 2018, the balance of short-term convertible debt and accrued interest, net of discounts and premiums, on the Company’s balance sheet was $6,652,000. On or about July 23, 2018, via phone calls with principals from the three largest of the Lenders (who hold approximately 90% of the Company’s outstanding convertible debt) to the Company’s chief executive officer, the Lenders informed the Company that they will no longer fund the Company’s funding requirements. As a result, on July 24, 2018, the Company terminated all eleven (11) of its full-time employees and its one consultant..."

https://ih.advfn.com/p.php?pid=nmona&article=77935496

I follow 50 stocks selling for under $0.001 per share and there's one item PSID has that none of the other 49 publicly traded stocks have. And that is the large percentage of shares held by institutions. They hold 79.47% of PSID common shares. To me, this fact could be important as far as PSID's future stock value. Does anyone else have an opinion on this factor?

gl

[Nighthawk_1]

Anyone who buys any stock now on this one will be holding junk securities, FOREVER!!! Don't know if you read my post, which referenced only a couple items. BUYER BEWARE!!! PSID NO GOOD!!!