PositiveID Corp (OTCMKTS:PSID) Gathers Momentum While Being Pumped

[[tagnumber 0]][[tagnumber 1]]PositiveID Corp (OTCMKTS:PSID)’s performance in the first half of the year was far from stellar. The company did manage to regain some of the value it lost in the first two months in March with a lot of effort, but quickly returned to a downward slide.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]PSID[[tagnumber 7]] has often been the target of paid promotions, but the latest tops it off. The company was covered in a piece posted by The Wealthy Biotech Traded [[tagnumber 6]](TWBT)[[tagnumber 7]] that covered “three companies with the ingredients to follow in the footsteps of Advaxis (NASDAQ:ADXS)”. Thing is, [[tagnumber 6]]TWBT[[tagnumber 7]] got paid to pump PSID alongside, TapImmune Inc. (OTCMKTS:TPIV) and Propanc Health Group Corp (OTCMKTS:PPCH).[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And the pump wasn’t even paid by a third party. You can clearly see that [[tagnumber 6]]PSID[[tagnumber 7]] is compensating [[tagnumber 6]]TWBT[[tagnumber 7]] $25 thousand a month for a promotional campaign that will most likely continue. It becomes even uglier when you see that the parent company of [[tagnumber 6]]TWBT[[tagnumber 7]] was compensated with a $62,500 convertible note that they intend to sell as soon as they can convert it into common shares.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering the financial state of [[tagnumber 6]]PSID[[tagnumber 7]] ([[tagnumber 6]]$136 million accumulated deficit, $9.1 million working capital deficit and a $3.8 million quarterly net loss[[tagnumber 7]]) such spending should be out of the question. And while things can’t seem to get any uglier we see that [[tagnumber 6]]PSID[[tagnumber 7]] is actually rising.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker has registered some serious gains since the beginning of the week. In fact, the company stock has gone up by 133% compared to its closing price in Friday last week. Volumes have also picked up and the 42.3 million shares that changed their owners yesterday generated $1.42 million in daily trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today’s session hasn’t started so well and considering the fact that all the ticker relies on is a pump for which it was personally responsible we might see people shedding tears next week.[[tagnumber 2]]