{"id":6919,"date":"2015-09-19T11:14:11","date_gmt":"2015-09-19T11:14:11","guid":{"rendered":"\/?p=6919"},"modified":"2015-09-19T11:39:22","modified_gmt":"2015-09-19T11:39:22","slug":"paid-inc-otcmktspayd-loses-patent-case-and-crashes","status":"publish","type":"post","link":"\/articles\/paid-inc-otcmktspayd-loses-patent-case-and-crashes\/","title":{"rendered":"Paid Inc.(OTCMKTS:PAYD) Loses Patent Case And Crashes"},"content":{"rendered":"\n

Yesterday’s news pushed Paid Inc. (OTCMKTS:PAYD<\/a>)’s prices per share 81.36% down the charts, as panicked and disappointed investors ducked and ran for the hills. <\/p>\n

One does not simply sue eBay Inc. (NASDAQ:EBAY<\/a>) – that much should be obvious to anyone. The e-trade mega-corporation is a dominating presence in much more than its niche – and its influence is only growing. Which is why PAYD<\/a>‘s <\/strong>boastful claims that it can take it on were more than a little ridiculous. Apparently, the army of lawyers that EBAY<\/a> undoubtedly has on retainer has done its job, much to the disappointment to investors that were rooting for the underdog.<\/p>\n

Well, this particular story does not end like the one of David and Goliath. The USPTO Patent Trial and Appeal Board has entered a final ruling and has determined that PAID has failed to claim patent eligible subject matter.<\/p>\n

The news had a devastating effect on the company’s price per share, and it seems like the drop may have been justified. Why?<\/p>\n

Because PAYD<\/a> <\/strong>doesn’t really seem to have much going for it, aside from the claims that it could use those patents in the future. And that’s not an exaggeration – its latest financial report looked like so:<\/p>\n