Saturday, May 28, 2016

PSID 05.28.16

Positive ID has successfully detected the Zika virus on their handheld diagnostic device called Firefly.

The projection for commercial distribution of the device is sceduled for Q4 16 or Q1 17.

The stock is heavily diluted with over 400million shares outstanding.

Management has released a news report that they are planning to do a reverse split sometime in the next 12 months between 1 for 10 and 1 for 50.

1 for 10 would be enough to see an increase in share value on earnings, news, etc.

No comments:

Post a Comment