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.0004 = buying time again.
Liking these 200-300% shorts.
Sounds like its in the works down the road but not in the immediate future.
At the very least I'd help drawing up and designing the concept and we could take it from there.
I've had enough of the tired web site they have presented over the last couple years. Sent an email to John about redesigning the thing and lending my services. Its all static so not a huge undertaking and would more then likely grow investor confidence.
That was me. Ads definitely would help but they would cost additional revenue and they need everything they have to pay down debt. Setting up shop on facebook, however, is free. There is somewhat of a trust thing when people "Like" or "Share" things on the network that would have your friends more likely to check the online store out. As opposed to some random ad that pops up online.
Everyone gets all bent out of shape about positive PRs when the company is clearly sinking but EVERY company does that. From the feedback I see, the business is very trust worthy and something I'd recommend to friends, its the investor relations that are a load of BS.
I've got no agenda with the comments above. I dumped my shares 2 weeks ago prior to the dive from .0008. Take my opinion for what its worth.
Am I missing something or has BZCN not discovered the power of the social network? Its original business model was to be solely an online market place and yet I really see no online marketing for it.
It has hundreds if not thousands of share holders that could promote its cause on facebook, myspace, blogs, etc. I do believe they have a solid core idea but are failing to get the word out effectively and in turn the business is failing. Which leaves the owner with no choice but to dilute to keep the company afloat. Yea, he is being deceitful with fluff PR when the company is in a death spiral but thats just business.
If every share holder "liked" or "became a fan" of BZCN on facebook and half those people had a friend or family member that purchases something from them this holiday season it would generate some serious profit.
This stuff is not complicated.
Thats sales not profit. I'd imagine _maybe_ 30% of that is profit, with their debt level that is like using a sand bag to stop a tsunami.
Did a double take when I saw this in my Inbox. The ticker is not
matching what the Alert is saying but curious if anyone got anything similar from their online brokerage?
BIZAUCTIONS INC - Sale price rose to 0.0025 Last Sale: 0.004 at
09:33:58 Price when alert was set: 0.0013 on 12/29/09 13:30:45 EST
Current Quote for BZCN
Last: 0.004
Change: 0.0036 (900.00 %)
High: 0.004
Low: 0.0004
Annual High: 0.12
Annual Low: 0.0001
Previous Close: 0.0004
Volume: 7407857
100-Day Avg. Volume: 94016866
200-Day Moving Avg: 0.00
DJIA: 10981.73 (-70.76)
NASDAQ: 2498.19 (-27.03)
S&P500: 1178.39 (-9.37)
Tough to do when you aren't turning a profit. When the cost of doing business puts you in the red by a half million the stock is going to continue to choke. Depends on what the next quarterly shows.
Tried catching this thing off a bounce at .0001 and am unfortunately stuck with it. Hopefully we can all see some uptick and forget this ever existed :)
I think the major point people are missing is that this stock is not going to be soaring up to .005 or .01, those days of the company are well behind it. The business continues to death spiral and is using the people that don't short this stock to stay afloat.
The people that can find the trends in the .0001 to .001 range are the ones that make money on this stock. Stay realistic and stop hoping the pump will generate a lottery ticket. This isn't directed at you but the general board.
Yea, I told myself I'd dump last week if it hit .0007 and just watch the fireworks but I didn't think it had the potential to dive this quickly. I know there will be some people at .0003 holding on so the price won't go past that. After that I wouldn't rule out a potential bounce back up to .0005-.0006 would be pretty.
Tough one....
Best thing that can happen from this is a quick slide back to .0003 or even .0002. That would be a tough short for me to pass up.
Hate to put on my "I told you so face". I shall be enjoying my 133% gain and just be a spectator.
http://finance.google.com/group/google.finance.710592/browse_thread/thread/057d1131c4420287?hl=en#
If this scrapes .0007 again, for those that got in during the .0003-.0004 area, I'd advise selling.
Doubtful - it'll require a string of solid news for back to back weeks and some encouraging financial news to actually get noticed.
Probably the moment any kind of short term run will be when they are documented in those publications. Maybe hit .0004-.0005 and all of the long holders who got in at .0001-.0002 (myself included) sell off.
They are in "discussions", this is another soft PR. Granted a potential positive step forward but still nothing to get them out of the hole their in.
When they release a "customer signed off" PR then I'll be interested. This MAY hit .0007 but I see it staying put.
IMO You'll see a bunch of peaks and dives before this would come close to .001. I'll dump at .0004 buy back at .0001/.0002 and ride that wave again. The company is trash but the stock is still relevant to traders. This time next year, probably dead in the water.
Ha - not quite sure why everyone is in panic mode. This is almost an identical trend to 2009. Pps stuck at .0001-.0002 for months and on March 5th rocketed up to .001 and then .004 on March 6th. This movement was cause by no PR and no massive volume spike.
With the level of O/S I don't foresee as strong a move but a move none the less. I have my sell in at .0004 but I wouldn't be shocked if this jumped to .001 in the coming weeks.
Let everyone complain all they want because they have money tied up for a few months. You can make money on bad stocks, just need to be patient and pick your positions. If you got in at .0001 or .0002, sit back and watch the fireworks.
I am also really bearish on this company right now but this isn't a re-PR. It actually did have new and updated financial news instead of just being a recycle.
Just checked in on OPGX and saw the volume for today at 330 mil. Not
sure if its people trying to get position or if something is on the
horizon. Seems like a situation where people know something we don't, which is why I play OPGX.
Ha, might scrape .0003 or just sit tight at .0002. Just waiting around for .0004 and hopping out.
Ditto.
There is one silver lining to this cloud, as well. While I won't be one to gamble on it, Delmar is driving to expand the business and _possibly_ turn it around. Unfortunately he is doing it at the expense of the share holders in 2009 & 2010.
For those that are long BZCN shareholders, I hope you see some profits if BZCN turns around and all of these added locations result in the company coming out of the red and stand on its own two feet. Something like that probably wouldn't happen until 2011 though, at the earliest.
Estimated Market Cap
$1,200,000 as of Jan 21, 2010
Outstanding Shares
6,000,000,000 as of Dec 24, 2009
Authorized Shares
20,000,000,000 as of Oct 31, 2009
If you just bought in then yes there is a reason to sell. Unload now, break even or a little less and buy in when this slips to .0004-.0005. Twice a many shares and higher probability of profit.
Ha, Wow ... Didn't see this coming. ;)
See you all at .0005
This is not good news. This is news that Delmar will be using your money to fund the possible opening of another store instead of paying down BZCN's debts. This stock worthless until it hits .0003-.0005.
Not my problem though, I need blind investors to make this thing run when I do jump back in when it truly bottoms out.
Hilarious.
P.S. This is all my opinion. Do with it what you will.
.0011-.0012 and the dive back towards .0005 begins tomorrow.
Hahaha, shareholders paying for another store.
This company is spiraling out of control in debt and sinking deeper by the day. While hundreds of thousands of dollars of loans are still going unpaid, Delmar decides to stretch BZCN even thinner and open a second retail store.
What a joke, Q4 is F'd. This might get enough suckers to push it back to .0012ish but than the steam will run out and we will sink right back. I'm not buying it, good luck to those that jump in this morning.
.0009 after PR?!?!! I told you all.
I was hoping BZCN investors smartened up a little but I guess not. They are recycling PR from last week and you take this as the catalyst back to .005? Anyone who is looking into getting BZCN shares, hold your $ and wait until we get through January. We have not seen BZCN's low yet. This PR _may_ keep us from seeing .0009 at close today but it won't begin any kind of run.
This is all IMO so buy if you will, for those holding shares I hope I am wrong.
Zwiren gave me an open invitation to give him a call and was very prompt about responding to my email. I am trying to get a better understanding of what direction OPGX is going in 2010. I will post a summary of the discussion at some point next week.
Low operating costs and low enough O/S that give it the ability of jumping 300-400% at the current PPS in one trading day.
Agreed but the operating costs and O/S are low enough to give this the possibility of jumping to .0004-.0005.
Unlike companies like BZCN that have to front cash in order to _possibly_ turn a profit.
Ha, and so it begins. See you all at .0005.
I'm sitting this one out and I'll be back around the .0005-.0006 level. Threw my funds into OPGX as the volume on that has calmed and you can't get in much lower than you can right now. The 50-100% I'll make on that will hopefully be available by the time BZCN hits that range and I'll ride the load up for the Q4 and sell shortly before the results when I _anticipate_ there will be a sell off similar to the Q3.
Thats my plan, will it probably execute that way? Probably not but that is how it goes in the pinks.
Pretty much a gamble on trending for this one. OPGX has hit >.0005 at least once over the last couple months prior to December. Volume is sleeping now, once interest is generated again for whatever reason we are in business.
If I am ever in Jersey over the next few months I might stop by their office and see how the place operates.
Ha, so much forum activity on a price hasn't budged in days.
Yea, I understand this is a sit and wait. May take a couple weeks but history shows eventually this trends to .0004-.0005, we'll make money one way or another. The stock might be dilluted but it is at a level where quick profits can still be had.
Once that Bid hits .0004, I'm out.
Unfortunately you guys probably won't ever see that again until at least November. Probably the best you will see is .0015-.0018 range within the next 6 months after a mini run when this hits around .0006.
This is all IMO of course but this is what BZCN's financials are saying to me. They need money and the only way to get it is to issue more shares.
Ha, threw a grand at this @ .0002. Company is weak but this thing spikes for any PR. Got my sell order locked in @ .0004 as I have no long term confidence in this company.
Considering a buy order when this thing dives to .0009....