Bitzio, Inc. (fka BTZO)

[nobody12378]

Perhaps, just perhaps folks here should do some reading and take actions to recover some of their losses in BTZO. To start with (and there is much more):

Next, Cantor Colburn LLP ("Cantor") and the Company entered into an amended agreement pursuant to which Cantor agreed to accept 15% of any recoveries from the Company's pending patent litigation in excess of $3.6 million per year in exchange for all services rendered to date and moving forward. The Company recognized an $8,433,388 gain on extinguishment of debt upon the write-off of all accrued legal fees.

http://www.cantorcolburn.com/

After a little reading comes a little arithmetic. What is the minimum that Cantor believes the settlement/appeal will generate? To just break even in this gambit [($8,433,388 + 3,600,000)/0.15] = $80 million and this does not account for all services moving forward.

I think that Cantor is counting on more than breaking even (given the risk they may be exposing themselves to) and they are not doing this out of the goodness of their hearts, taking pity on KK, or haven't a clue what they are doing.

We do not know for certain what the OS count is since there has been no 10K or 10Q filing while the settlement discussions have been going on in earnest. Last figure was 14.2 million (November 2016). Assume 20 million and very conservatively we could see a PR with a settlement figure in excess of $4/share.

Don't start with the KK will probably embezzle all of it, or run to a deserted island with a BTZO babe mantra. You can sit here and think of all the nefarious things that could happen while the market responds to a 2 cent stock with what appears to be more than $4/share in income.