After a huge gain on Wednesday, yesterday the stock price of Paid, Inc. (OTC:PAYD) froze at $0.26 per share, while its traded 
volume notably decreased. Now everyone wonders what will be the next move of the stock.
Since mid-August, there is no news by Paid and no one is familiar with its current activities. The only data related to the company came up right on Wednesday, when PAYD filed a Form 4 with the SEC.
According to the document, Paid’s President, Mr Gregory Rotman, has been acquiring and disposing shares of the company’s common stock intensively during the week with no particular reason. Most probably, the massive trade of shares made PAYD stock price jump up, though currently it is frozen.
However, what is curious here is that in April and June the same story was told again. As previously reported on hotstocked.com, at that time another Form 4 showed a high trading activity by PAYD’s President, who has disposed a huge amount of the company’s common stock at different prices per share. As a result, the stock price flew up at once, however, the climb was shortly broken.[BANNER]
Looks like high trading activity is turning into the usual PR strategy of Paid, though no one can be certain how long the up move will resist.
In the meantime, the company’s financials look pretty contradictory. As of 30 June this year PAYD has had more assets than liabilities in its balance, though its accumulated deficit exceeded $44 million and the net loss increased.
Although the revenues got a bit higher, the company’s management states that Paid may need an infusion of additional capital to fund its anticipated operating costs over the next 12 months. However, the team claims that some risk factors may impact sales of fan experiences and the availability of financing.
