PositiveID Corporation (NASDAQ:PSID) has been stuck into the zero price changes for a couple of days. Yesterday, the stock 
price remained $0.20 per share, while its traded volume started rising up. However, today things may look a bit different.
After a number of news and reminders on PositiveID over the past days, the company decided to make a decisive step towards the gain. PSID was promoted by a few promoters yesterday in order to pump up its price. And while the result is about to be seen, PositiveID filed to register 6.000.000 shares of common stock underlying awards which may be granted pursuant to the PositiveID Corporation 2011 Stock Incentive Plan.
Whether this will encourage traders, or not, will be seen in a while. However, it seems that promotions are the usual PR strategy for PSID.
As already mentioned on hotstocked.com, the stock was recently promoted again. At that time, the campaign was accompanied by positive news either, though it hardly influenced PSID stock price.
Meanwhile, at the beginning of this month there was a high trading activity with huge amounts of shares of PSID common stock, acquired by some of the company’s directors. Most probably, trading activity resulted from the NASDAQ notification received on the same day. According to it, the Panel has determined to delist the company’s shares from The Nasdaq Stock Market, and that trading of the company’s common stock will be suspended from The Nasdaq Capital Market effective at the open of trading on September 2, 2011, in connection with a bid price deficiency.
Judging by all the above-mentioned, apparently the situation with PositiveID doesn’t look bright at all. Moreover, when it comes to its quarterly results, which remain discouraging.[BANNER]
As of June 30, PSID has had working capital of approximately $0.3 million and an accumulated deficit of approximately $75.4 million due to operating losses for the period, offset in part by capital raised through the preferred stock financings. Still, the management believes that its current working capital and expected access to capital under the new financing agreement will provide sufficient funds to meet its working capital requirements through at least next June.
However, as already claimed in the company’s 10-Q, a delisting by the NASDAQ Stock Market could adversely affect the market liquidity of PSID common stock and harm its businesses.
