PositiveID Corp (OTCMKTS:PSID) Sliding Despite PR

[[tagnumber 0]][[tagnumber 1]]After a surge in June we saw the stock of PositiveID Corp (OTCMKTS:PSID) lose some of the value and then continue to move sideways in the following months. The ticker suddenly began dropping as October started, but quickly turned around and regained almost all of the lost value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, the numbers that are contained in the balance sheet of [[tagnumber 6]]PSID[[tagnumber 7]] aren’t that impressive. Here is what the company had to show in its report for the second quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $672 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $10.8 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $51 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $2.9 million[[tagnumber 13]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]In the same time we see some insane efforts to push the company stock up. Just yesterday OTC Picks sent out emails touting the company stock and they disclosed an $800 thousand compensation that was sweetened up by 500 thousand restricted shares of common stock all given by the company itself.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This certainly doesn’t look good and the results from yesterday were no surprise. Despite the pump email and the positive press release we saw [[tagnumber 6]]PSID[[tagnumber 7]] lose 4.96% of its value and finish the day at $0.0249 while a total of 4.11 thousand traded shares generated $102 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering all this and the dilution which we wrote about in our previous article we consider [[tagnumber 6]]PSID[[tagnumber 7]] to be a highly risky investment choice. You should be sure to do your due diligence and weigh out the risks before attempting any trades.[[tagnumber 2]]