PositiveID Corporation (OTC:PSID) has had its fair share of paid pumps, and although recent ones haven’t been very successful there is another one coming today.
One of the claims of the promoter is that PSID is near its all time bottom. On Friday, at the close a share was worth $0.1177, up 0.26%. The volume was significantly lower than the levels throughout February.
The lower volume, and the two closes in the green the previous two sessions may be some of the reasons for someone to decide to pay $10 thousand for “increased public awareness” of PSID.[BANNER]
On Feb. 28 Vista Partners announced updated coverage on PSID. The twelve month target price Vista gave PSID was $0.38. This would be a significant increase, but there is plenty of time and a whole lot of uncertainties around PSID.
For now, the company is still not generating revenue and will likely need additional financing. Unless PSID squeezes in some news before the open today, it will have only the $10 thousand promotion to rely on.
