Paid, Inc. (OTC:PAYD) has been on the progressive mode since the end of last week. In fact, on Friday the stock hit a 
tremendous gain by soaring 21% and trading over 1 million shares on the market. The sudden jump of PAYD provoked traders’ attention and now everyone is curious how far the up move may go.
According to the records, Paid, Inc. has not released any announcements on its business for a month, so no one is familiar with its current activities. The only news about the company was the Forms 4 filed with the SEC over the past days. These documents show a high trading activity by PAYD’s President Mr. Rotman Richard, who has disposed a huge amount of the company’s common stock at different prices per share. In other words, this action shows changes in the beneficial membership of securities being made during the past week.
Apart from the disposing of PAYD common stock, no other news on the company appeared online, excluding the website stockreads.com that featured Paid among the worth-attention stocks this week. Does it mean the gain will continue and the company will finally publish an update on its activities? It is just a matter of time to be seen.[BANNER]
Paid, Inc. is engaged in providing brand-related services to businesses and celebrity clients with brand management, brand marketing, website design, and services for the entertainment, sports and collectible industries. Over the past few months, there’s been huge hesitation of PAYD stock price, though presently it is moving up.
In February, Paid filed its annual results, stating that it has experienced significant operating losses and mentioning the rick factors the company depends upon. Besides, the management claimed their capital was limited and they may need additional financing to continue operations.
Despite the fact that the company’s revenues for 2010 have increased, its net loss remained huge and the accumulated deficit exceeded $42 million. Thus, the team keeps relying on a third-party financing to fund its business, which however, cannot be guaranteed.
