I agree with your statement. " don't know what will happen here however, I do know BZCN is in a great market for sales if they an get their act together.. take a look at the reason for the loss.. to me this is very high risk and not good if your ticker is weak or you need the money.."
BZCN took a shot at buy-sell, rather than just consignment. Cell phones didn't work so well. New type phones coming out. Probably hard to sell the last generation stuff in a crapped-out economy.
What would be a good set of items for sale and/or auction on the channel web sites like Amazon? Have not seen mass consignments, per se. Sell toasters and blenders that are overstock from GE. Who cares! Doesn't have to be high tech or high price!
BZCN needs a good quarter, upbeat, a turnaround, and the PPS will increase. I doubt its going under. The company can issue another 5 billion shares = $5 million dollars, which is enough operating capital to keep the ship afloat.
I would guess if you sit tight you will break even, maybe even make some money on this one before the year is over. Really, if anybody needs the money back or can't stand to lose it, they would be better off sticking it in a certificate of deposit in grandma's bank than any stock, whether its BZCN or Citibank (which did worse!) or WHATEVER!
Just a couple of miscellaneous notes. Did anybody notice the guy who wrote this last report was Brent Crouch, the same guy who sued the company for some money they owed him for services. Not that is pretty cheap! To have your own accountant sue you!
Also, Green Endeavors (GRNE) is back up, but that stock just fell from .10 to as low as .03. Turns out they own a majority share in BZCN, if I am not mistaken...Richard Surber, Nexia Holdings, Net2Auction, Green Endeavors. Maybe one of these days they might actually screw everything up and actually become successful! HAHAHAHAHAHA!
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