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Paid Inc. (OTC:PAYD), a micro-cap company with a market value of $25.16 million, announced that David Ogden resigned from its board of directors on Wednesday. According to InvestingPro data, the company currently maintains a FAIR financial health score despite facing profitability challenges. According to a company statement in a filing with the Securities and Exchange Commission, Ogden stated in his resignation letter that his departure was not the result of any disagreement with the company’s operations, policies, or procedures.
The resignation was disclosed in a Form 8-K filed Thursday. The company attached Ogden’s resignation letter as an exhibit to the filing. No additional information regarding a replacement or further board changes was provided in the statement.
This article is based on a press release statement contained in the company’s SEC filing.
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