Stocklemon Reports on Biz Auctions Stocklemon CALLS FRAUD on Biz Auctions (BZCN.pk)
Biz Auctions is COMMITTING FRAUD on the American public and will be stopped soon. Mailboxes throughout the country are being flooded with solicitations urging people to buy BZCN under utterly fraudulent pretense. This fraud is being perpetrated by a career stock promoter who must be stopped by the Federal Government.
Here is a copy of the mailer that is being sent with no return address.
What makes this whole thing absurd is that this was the SAME MAILER sent out for Net 2 Auction (NAUC.pk) now trading at 12 cents.
Besides the whole mailer being one big lie and a complete fraud, notice the disclaimer. A third party has paid nearly $1 million for composition and distribution of this mailer. According to the company’s financials, they have $400 in the bank.
So, the promoters have spent $1 million to send mail that promotes a company with $400 in the bank. This is mail fraud and Stocklemon plans on seeing justice to its conclusion through the US Postal Inspector.
Here is the current state of the “company” as documented in their own filing.
Shares Outstanding- 81 million Market Cap- $200 million Cash in Bank $440 (that’s dollars, not thousands) Total current assets $10,824 (again, dollars, not thousands) Employees: Unstated
For 6 months ending June 30 2006:
Total Revenues $74,958 Cost of Revenues $71,695
So basically, if this was your deadbeat cousin selling garage sale junk on Ebay out of your basement, he would have made $3,300 gross profit in six months, -- assuming you paid all his overhead … maybe it is time the boy got a real job.
Too Crazy To Believe
Now this is going to sound crazy, and most of you will ask, “how can this happen?”, yet it is true.
BZCN is the second pump and dump with the same business, the same business owner and at the same business address. Talk about recycling! (See NAUC.pk)
The promoter behind this is Delmar Janovec. Out of his little office in Las Vegas, he has brought us some of the most notorious companies of the past 18 years.
Look at the following charts, all courtesy of Delmar. NAUC
There is nothing more to know than a FRAUD is being perpetrated on the investing public. It is the opinion of Stocklemon that BZCN will soon “trade with the fishes” as have all of the previous Delmar Janovec stocks.
This report has been forwarded to:
FBI Las Vegas John Lawrence Bailey Building 700 East Charleston Boulevard Las Vegas, Nevada 89104-1545 lasvegas.fbi.gov
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