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Payment Data Systems, Inc. (OTCMKTS:PYDS) Investor Investigation Announced

  • If you purchased shares of Payment Data Systems, Inc. (OTCMKTS:PYDS), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Payment Data Systems, Inc.
Security
OTC: PYDS

Summary

June 9, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Payment Data Systems, Inc. (OTCMKTS:PYDS) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Payment Data Systems.

The investigation by a law firm concerns whether certain Payment Data Systems officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Payment Data Systems, Inc. reported that its annual Total Revenue rose from $5.18 million in 2013 to $13.40 million in 2014 and that its Net Loss of $0.79 million in 2013 turned into a Net Income of $3.84 million in 2014. Shares of Payment Data Systems, Inc. (OTCMKTS:PYDS) grew from $0.055 per share in October 2013 to as high as $0.41 per share in March 2015.

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