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News Breaks | | | | June 15, 2012 | | 10:24 EDT |  | PAYD | Paid Inc. responds to stock volatility
PAID addressed the recent volatility in the price of its shares. The company knows of no legitimate reason for the recent decline in its stock price. "We believe that the current stock price does not reflect the true value of PAID's businesses and intellectual property and instead is being impacted by baseless rumors," stated Greg Rotman, PAID Inc. CEO. "As a growing company, PAID is in better shape today financially and as a business than it has ever been." PAID is on target to reduce losses on increased revenue in 2012 and move to profitability in 2013. The Company believes cash from operations will be sufficient to fund the business in 2012. | |
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