There are several occasions when the share price of PositiveID Corp (OTCMKTS:PSID) have been pumped through promotional email alerts since March but last week the measures to promote the company stock got stronger. The total funds called as compensations by a number of newsletters were considerably larger.
The promotional emails
Last week, the two pump outfits named as’ BuyPennyStocks’ and ‘SuperSt0ckPlays’ circulated a series of emails for compensation of $25,000. Penny Stock Professor which is again a newsletter first circulated a promotional email at start of the week and then added one more promotional email on Wednesday. Later on, the pump tasks were taken forward by the associates of Damn Good Penny Picks, Penny Stock Newsletters and Beat Penny Stocks. For the pump circulated on Wednesday, they were paid $15,000 as compensation.
The news
PositiveID is taking all the measures it can to keep shareholders excited. It reported a new press release in which they disclosed that they filed for another patent for ‘Firefly Dx’ PCR pathogen detection system. After one day of press release, the Daily Stock Reporter published an interesting press release weighing the bright prospects of the company. There was a disclaimer on the page clearly stating that they were given compensation of $25,000 for disseminating positive information. The same page read that the entity only provides favorable information as they are paid for the same work.
The momentum
Despite a number of pumps and hype created by them, PositiveID Corp (OTCMKTS:PSID) stock performance was disappointing in last week. The PSID stock tried to post some gains on Wednesday’s trading session. In last trading session it erased gains and closed at $0.0255. The company has uninspiring financials and meager liquidity. However, the objectives are big as the company wants to get a big pie of growing PCR market which is expected to touch $27.4 billion in 2015.
