{"id":7999,"date":"2016-06-02T14:02:04","date_gmt":"2016-06-02T14:02:04","guid":{"rendered":"\/?p=7999"},"modified":"2016-06-02T14:14:39","modified_gmt":"2016-06-02T14:14:39","slug":"positiveid-corp-otcmktspsid-takes-a-step-back","status":"publish","type":"post","link":"\/articles\/positiveid-corp-otcmktspsid-takes-a-step-back\/","title":{"rendered":"PositiveID Corp. (OTCMKTS:PSID) Takes A Step Back"},"content":{"rendered":"\n

PositiveID Corp. (OTCMKTS:PSID<\/a>) got knocked down 12.12% in yesterday’s session, once more falling to $0.0116 before it could halt its descent. <\/p>\n

As can be seen on the charts, the session was a turbulent one for PSID<\/a><\/strong>, with it struggling to maintain its chart position and mostly failing by the time the final bell rang. Interestingly enough, the news that PSID<\/a> <\/strong>has added “international healthcare and business development executive” Benedikt von Braunmühl to its Board of Advisors failed to push the ticker upward.<\/p>\n

The news that PSID<\/a> <\/strong>will be presenting at the Marcum MicroCap Conference, which is taking place today and tomorrow at the Grand Hyatt New York, did not impress investors either. Nothing could halt PSID<\/a>‘s <\/strong>“healthy pullback”. Or at least that’s one of the possible reasons for the ticker’s crash yesterday.<\/p>\n

It is equally if not even more likely that what we saw then could be the result of the company’s past stock-related shenanigans coming back to haunt investor value. The possibility of that is not exactly remote because, as we have mentioned before, PSID<\/a> <\/strong>has a lot of toxic debt to its name. Most of its notes convert at discounts such as “62.5% of the lowest VWAP during the 15 Trading Days immediately prior to the applicable amortization date<\/em>”, or even as low as “55% of the lowest VWAP during the thirty (30) Trading Days immediately prior to the applicable Conversion Date<\/em>”.<\/p>\n

While PSID<\/a> <\/strong>definitely has an edge over other companies in the branch, details such the fact that its shares outstanding have increased 225% YoY reveal that committing to its stock a risky endeavor nonetheless. Naturally, it is up to each individual investor to decide whether or not the risk is worth the potential rewards.<\/p>\n

As usual, we advise opportunistic traders and dedicated investors alike to do some serious due diligence and be extra careful when dealing with volatile penny stock tickers such as PSID<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

PositiveID Corp. (OTCMKTS:PSID) got knocked down 12.12% in yesterday’s session, once more falling to $0.0116 before it could halt its descent. As can be seen on the charts, the session was a turbulent one...<\/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-7999","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\/7999","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=7999"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7999\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=7999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=7999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=7999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}