Paid, Inc. (OTC:PAYD) has been climbing up at full speed during the past couple of days. Yesterday, the stock soared another 
22.64% on the market, on a traded volume of over 709 thousand shares. However, no one knows the reason for the gain.
Historical records show that Paid has not released any news on its business these days and nobody is familiar with its activities. Though the stock keeps moving up. Most probably, something is about to happen with PAYD and it is yet to be revealed.
Meanwhile, the latest Form 4 which PAYD has filed with the SEC, shows that during the past month its President, Mr Gregory Rotman, has been acquiring and disposing shares of the company’s common stock intensively with no particular reason.
However, what is curious here is that in April and June the same story happened again. Apparently, high trading activity is an often used strategy by Paid for pushing up its stock price. Though, the climb gets easily broken.[BANNER]
At the same time, the company’s financials remain pretty discouraging. As of 30 June, this year PAYD has had more assets than liabilities in its balance, though its accumulated deficit exceeded $44 million and the net loss increased.
Management states that Paid may need an infusion of additional capital to fund its anticipated operating costs over the next 12 months. Though, some risk factors may impact sales of fan experiences and the availability of financing.
