PositiveID Corp (OTCBB:PSID) Trying Hard With Pumps

The last trading session went good for PositiveID Corp (OTCBB:PSID) who registered a 10% uprise on Friday, May 24 as their stock got to $0.32.

In the latest news from May 24 we can also see that PSID have filed a registration withdrawal request concerning the 4.5 million shares they offered for sale. The reasons for this are unknown, but we suspect that PSID have decided to give more confidence to investors with that action.

As we can see this made a good impact on their stock price as it rose from $0.27 to $0.32. However, this filing and the press releases weren’t the only things that the upwards movement in PSID‘s stock prices can be attributed to.

PSID were also touted by some paid promoters that issued their usual emails filled with optimistic visions that are based upon…..nothing. Let’s put that aside for a moment and take a look at the real picture portrayed in PSID‘s latest quarterly report covering the period ended March 31, 2013 and the numbers of prime interest in it.

cash: $225
current assets: $2.3 thousand
current liabilities: $6 thousand
revenue since inception: $0
net loss: $1.9 thousand

The numbers don’t look so bad due to the fact that losses and liabilities of a few thousand dollars are not unbearable. However, will PSID be able to carry out the tasks that they have put their eyes on and which have attracted investors.

It’s all for the future to say. For now they are a risky investment choice and with their mood changes (referring to the offered stock that was withdrawn afterwards) they start to look like that bipolar girlfriend that everyone has had. Be sure to do your due diligence, before taking an investment decision.