Bitzio, Inc. (fka BTZO)

[russb1]

Not sure..I think this is all a part of the puzzle..is tca owned at all by the new ceo also? It cost btzo 2.9 million to get the loan on top of having to pay back the 2.5 million and this is all due by the end of the year..If the loan does not get paid back by then, tca basically then would own ALL of bitzio assets..which would be everything since all these companies appear to be merging into btzo. Btzo used ALL its assets as collateral. I can't imagine, at this point, the loan being paid back in full in cash...this story just keeps getting wierder and wierder by the minute.

At this point, it doesn't really seem like btzo shareholders have any more value than they did a week ago, hence the no bid and share price. It HAS to reverse split or major shares would need to be retired. It seems like this was a forced move as an only option, not a deal by choice that creates value. Will be interesting what happens next!