After a few days of price hesitations, on Friday Paid, Inc. (OTC:PAYD) started to climb again. The stock gained approximately 6% on 
the market and now traders are curious to know what its next move will be.
Apparently, the current up move was a result of some positive news about the company’s activities which encouraged investors. Over the past days, the optimistic announcements continue, trying to push PAYD even higher up.
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. Last month, the stock hit a phenomenal gain, however, this time on no news released.
At that time, the only thing known about Paid was the high trading activity by its President Mr. Rotman Richard, who has disposed a huge amount of the company’s common stock at different prices per share. Still, apart from the disposal of common stock, the website stockreads.com featured PAYD among the worth-attention stocks, which gave a reasonable explanation on the price movement after all.[BANNER]
In the meantime, in end-April the company’s directors kept disposing PAYD common stock intensively with no particular reason. Most probably, the leaders got advantage of the price jump, which however, was cut off a bit later.
Unfortunately, the financials of Paid haven’t changed so far. The annual report of the company states that it has experienced significant operating losses and mentioned the risk factors PAYD depends upon. Apart from these factors, the management claimed their capital was limited and they might need additional financing to continue operations. However, any third-party financing cannot be guaranteed.
