Picked up another large block of shares at .01 a couple of weeks ago.
Finished accumulating a position in the sub-penny to penny level over the last few weeks. Was pretty difficult to purchase any sizable blocks under the .006 level, so decided to pick up some larger blocks around this one-cent area. Looks like the stock could be capable of some explosive swings/moves in the share price under the right situations.
Thought it might be wise to be pre-positioned ahead of a possible reinstatement, OTC profile/filings update, and increased corporate actions (including divesture/acquisition activity). BLLZ also is a bit interesting at this point because it is a lesser-known play in the cyber security area of the market.
The March 30 press release.....
Bullzi Holdings, Inc. 2016 Re-cap
Southport, North Carolina, March 30, 2017 – Bullzi Holdings, Inc. (BLLZ) provides a shareholder re-cap for 2016, as well as its plan for the 2017.
Thomas Welch, President and CEO of Bullzi Holdings, Inc. stated, “I want to first provide a summary for 2016, which includes the revenue and activity for all of our subsidiary’s. We ended the year with $93,577 in profits on $523,639 in revenue. The majority of the revenue and profits were from our core offerings, Cyber Security and on-line education”.
Mr. Welch continued by saying, “Management has spent the last 6 months contemplating the best course of action for Company so that we can bring value to our shareholders. We believed that a diverse portfolio of companies would give us an excellent opportunity for growth and share value, but with the inability to raise capital, we have found this to be unsustainable. As such, management has decided to sell off all subsidiary’s that are, either, not profitable, not producing ample revenue, or are debt laden. This will help us to refocus and build on our core business, both, of which are growth industries. Parallel to this, we will be bringing our filings current.”
Mr. Welch went on to say, “During the first quarter of 2017, we have updated all of our financials, as well as our information statement. We hope that with the release of this information, along with the proposed business changes, that we can obtain some interest in the stock, especially since it is undervalued. We are also going to seek a strategic partner or acquisition candidate, so that we can take what we have built over the past 10 years and leverage this for shareholder value.”
About Bullzi Holding Company Inc.
Bullzi Holdings, Inc. is a publicly based holding company that conducts business in multiple industry sectors. While the Company has its roots in the Information Security and Education sector, it now serves as the parent company of a Bullzi Security LLC, WISE Learning Solutions LLC, Creative Forecast LLC, PostureFit and Point Break Surf & Skate.
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