Paid, Inc. (OTC:PAYD) started moving down unexpectedly. Yesterday, the stock lost 10% of its price and provoked traders’ 
questions.
Despite the numerous positive announcements on the company, the market position of PAYD has been quite unstable over the past days. However, PAYD still hopes to get back on track by releasing more fresh news on its business.
The news came up just yesterday, when Paid reported that it has developed VIP ticket packages for the RTF IV 2011 Summer Tour. The tickets were going to be a lifetime experience for the fans and were already on sale.
Being released, the exciting news were meant to pump up PAYD stock price, though the result is yet to be seen.
In fact, that is not the first time when the company relies on the well-known PR strategy. According to historical data, the positive announcements have changed PAYD’s market position quite often, though the gains haven’t lasted long.[BANNER]
The main problem of the company, however, remain its financials. Despite the fact that its assets are higher that its liabilities, the accumulated deficit of Paid has been constantly increasing, exceeding $43 million by end-March. Meanwhile, the company’s net loss got over $1 million and the revenues decreased.
According to the 10-Q, Paid has continued to incur significant losses, though the management believes that its anticipated revenues will be sufficient to meet the company’s working capital requirements through the end of this year. The only problem here is that these revenues are not generated yet.
