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Please note that the current outstanding number of shares is 181,844,981 and float is 111,423,576....as per TA at market close
Tomorrow it will be more.
With over 600K in revenue last QTR and over 300K in gross profit, I just don't understand why this company is screwing things up for itself by diluting (or letting note holders dilute) to the point that they will have to increase A/S or R/S!!?? The management is digging a grave for it's own company...
I guess the perpetual O/S increase and today's price action shut up all the pointless pumping! Lets pump when the company proves worthwhile....for now, its just a POS just like any other OTC stock! I've tried to contact the company several times and every time I get a really vague reply.
I don't think they give a sh@# about you and me frankly! They are going to either R/S or increase A/S! So much for increasing shareholder value...Like I said POS! I'll get out of here as soon as I can!
What am over this stock is!
that was a planned trade imo
30mil volume and almost 20% down? WTF? Things not looking good here!
All those 6mil & 3mil bidders from friday...where did they go? LOL
LOL..A/S increase to 2 BILL?! What is everyone so excited about??? LOL
A merger? Where did you get that idea from? A/s increase speculation I can understand because of maxing out the current a/s. But a merger?
And a company with 3 board members including the CEO is not going to mention a/s increase before hand, they are simply going to announce the increase is happening. Simple.
Monday would a great day for the company to release some news, unless more conversions need to happen.
HAHAHA THIS IS CRAZY!
SQUEEZEEE HAS BEGUN!!!
Holy smokes!
May see filling at the end of the day or Monday. Let's see...I just hope they have good news.
And r/s would not be good news obviously!
Like I said, I'll be ok if they raise the a/s to a respectable amount. To me that number is somewhere between 300mil and 500 mil. If they go over that, it's not good, unless they have good news to go along with it! PERIOD!
Current O/S: 175,771,648, Float: 105,769,254
NEWS OUT! Bitzio Inc. Announces Acquisition of SkipJack Dive & Dancewear Inc.
LOS ANGELES, CA / ACCESSWIRE / February 27, 2015 / Bitzio Inc. (OTC:BTZO) announces that its wholly owned subsidiary, Lexi-Luu Designs Inc. (www.lexiluu.com) closed today on its acquisition of SkipJack Dive & Dancewear Inc. (www.skipjackdnd.com)
H. Blanchette, CEO of Bitzio and its subsidiaries, said that, "We are excited to have completed this transaction. Skipjack adds an innovative niche apparel brand our portfolio, and is an important step in our plan to develop emerging fashion brands and markets." SkipJack is for both men and women seeking comfort and functionality in high-quality, swimwear. Additionally, SkipJack also offers modest and plus size swimwear styles, a consumer market that represents a gap in the industry.
Skipjack also owns a cut & sew factory. The manufacturing facility acquisition now enables Bitzio to centralize production of all of its brands while reducing production costs by leveraging operational synergies and economies of scale. The transaction also creates valuable opportunities for additional revenue by subcontracting cut & sews services for private labels and external brands.
About Bitzio, Inc.
Bitzio, Inc. (OTC:BTZO) develops and supports emerging fashion brands.
Forward Looking Statements
This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws. The terms and phrases "expects," "would," "will," "believes," and similar terms and phrases are intended to identify these forward-looking statements. Many factors could cause Bitzio's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Copies of filings can be obtained at (www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on Bitzio's forward-looking statements. Bitzio has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Investor and Media Inquiries
Investor Relations
Bitzio, Inc.
Email: infobitzio@gmail.com
SOURCE: Bitzio Inc.
Source: Accesswire (February 27, 2015 - 12:01 PM EST)
News by QuoteMedia
www.quotemedia.com
IMO if they had good news they wouldn't be sitting around waiting for pps to decline like this. That is, if they have the best interest of shareholders in mind. No OTC company deserves that credit though unless they prove it otherwise.
They will have to increase the a/s. I just hope it's a respectable amount. Say to 500 mil at the most! If they go to 1 billion, then IMO this company is done.
If I wasn't stupid enough to buy earlier in the low .005s and high .004s, I would be sitting with over 3 mil shares....well I learnt from much mistake.
stop appologizing...you make me sick with those .0025's LOL
I believe the dilution is done....
Real Slappers won't come unless we have something to chew on from the company itself.
That may never happen. This management doesn't seem to give fu$& about it's shareholders. Typical OTC scan....I'm extremely frustrated sorry
True and logical.
NEWS after hours anybody??!
Almost 64% of the Float traded today, so far!!!
You know besides the fact that the new CEO is an IP lawyer and is an
experienced trial attorney, having litigated numerous patent, trademark and copyright cases
I think that WILL happen...
who wants a slap??
I hear you loud and clear. But please stop writing in ALL CAPS. It's annoying! And makes you look like a typical OTC fool.
With news of good financials there will be no stopping this from going over a penny, easy! And we should have good financials....past quarter should be at least 500k in revenue.
Yeah I hope they don't vote to increase the A/S. I would personally kick David Waldman, even though he may not have anything to do with it...who am i kidding??
I have a sneaky feeling they are going to increase the A/S though...but just to fulfill the requirement for note holders...oh well, who the hell knows here in OTC. Anything is possible.
So when are fins supposed to be due? Anyone know?
REALLLLY???
LOL
Outstanding & Float #s after close:
Current outstanding is 149,162,204 and float 80,981,332
This morning, outstanding was 145,962,204 and float 80,981,332.
Float unchanged, O/S increased...
I know that...but it's all games IMHO
so what?
the price action is discouraging to say the least...company needs to let us know what they are doing IMO
Current O/S & Float:
As per email from T/A
Current outstanding is 145,962,204 and float 80,981,332.
Yesterday, the numbers were Outstanding 142,477,204 and float 80,981,332.
So float unchanged, but O/S increased slightly today....