{"id":7309,"date":"2015-10-28T16:02:05","date_gmt":"2015-10-28T16:02:05","guid":{"rendered":"\/?p=7309"},"modified":"2015-10-28T16:14:42","modified_gmt":"2015-10-28T16:14:42","slug":"positiveid-corp-otcmktspsid-gets-another-boost","status":"publish","type":"post","link":"\/articles\/positiveid-corp-otcmktspsid-gets-another-boost\/","title":{"rendered":"PositiveID Corp. (OTCMKTS:PSID) Gets Another Boost"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91794\/vzxcvzx.png\" border=\"0\" width=\"420\" height=\"187\" \/>PositiveID Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PSID\">PSID<\/a>) added another 21.31% to its market value after its CEO got interviewed by SmallCapVoice.com, in spite of the fact that he told the same old story all over again. <\/p>\n<p>As is the norm with <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PSID\">PSID<\/a><\/strong>, William J. Caragol, Chairman and CEO of PositiveID kept heaping praise on the company&#8217;s product and kept referring to it as a unique and indispensable necessity, in spite of the fact that in reality, it is neither innovative nor essential.<\/p>\n<p>It&#8217;s somewhat odd that investors seem to jump every time the company starts spewing unsubstantiated claims about the Caregiver, in spite of the fact that it, like <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PSID\">PSID<\/a><\/strong>, is obviously overhyped.<\/p>\n<p>Experience teaches, hype never lasts, and when it loses its potency, the ticker in question falls, unless it has something serious to support it.<\/p>\n<p>Unfortunately for <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PSID\">PSID<\/a> <\/strong>enthusiasts and supporters, there doesn&#8217;t seem to be anything else going for <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PSID\">PSID<\/a> <\/strong>now. As we&#8217;ve mentioned on occasion in our previous articles covering the company, its financial sheets present a pretty bleak picture:<\/p>\n<ul>\n<li>cash &#8211; $672 thousand<\/li>\n<li>total current assets &#8211; $767 thousand<\/li>\n<li>total current liabilities &#8211; $10.8 million<\/li>\n<li>quarterly revenues &#8211; $51 thousand<\/li>\n<li>quarterly net loss &#8211; $2.9 million<\/li>\n<\/ul>\n<p>Sure, some people are hoping that the company&#8217;s most recent acquisition brought in some good value &ndash; but until <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PSID\">PSID<\/a> <\/strong>actually makes a filing on the matter, there&#8217;s no real way to know. All we know is that it added another $750 thousand worth of debt to the already overburdened company, $500 thousand of which are convertible into shares of <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PSID\">PSID<\/a> <\/strong>preferred stock.<\/p>\n<p>That&#8217;s $500 thousand worth of potential shares threatening investor value &ndash; and, just to be on the clear side &#8211; this is not the first time dilution has taken its toll. Suffice it to say that as of November 10, 2014 <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PSID\">PSID<\/a> <\/strong>had 159 million shares outstanding. As of August 7, 2015 the company had as many as 350 MILLION shares outstanding. Who knows how many shares there are currently?<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91794\/fsadfasvxzzcvxzv.png\" border=\"0\" width=\"168\" height=\"56\" \/>This tendency towards heavy dilution, as well as <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PSID\">PSID<\/a>&#8216;s <\/strong>various other dubious activities, is the reason why investors should be wary when dealing with it, as there is no telling when one of the company&#8217;s multitude of faults will drag the ticker to the bottom of the charts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PositiveID Corp. (OTCMKTS:PSID) added another 21.31% to its market value after its CEO got interviewed by SmallCapVoice.com, in spite of the fact that he told the same old story all over again. As is&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[101],"class_list":["post-7309","post","type-post","status-publish","format-standard","hentry","category-news","tag-psid"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=7309"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7309\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=7309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=7309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=7309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}