InvestorsHub Logo
Followers 16
Posts 8654
Boards Moderated 0
Alias Born 06/26/2003

Re: jjkool_01 post# 360868

Wednesday, 04/02/2014 1:24:51 PM

Wednesday, April 02, 2014 1:24:51 PM

Post# of 376163
LQDT: JJ, so why the dumpage
on being the high bidder
for US DoD surplus?

Edit: oh, it seems they are the auctioneer.

Liquidity Services, Inc. (NASDAQ: LQDT) Wednesday announced it has been determined the apparent high bidder for a contract with the U.S. Defense Logistics Agency (DLA) to purchase, manage and sell non-rolling stock surplus assets of the U.S. Department of Defense (DoD) (Surplus Contract). Liquidity Services, Inc.'s high bid was equal to 4.35% of the DoD's original acquisition value (OAV). The Surplus Contract has a base term of two years with four one-year renewal options.
Bidding for the DoD surplus rolling stock contract will take place in a live auction being held by the DLA on April 2, 2014. Following the conclusion of the auction event and a DLA determined apparent high bidder, Liquidity Services will provide an update on the event results.
Copyright 2014, Street Insider News Provided by Acquire Media Corporation



P.S.: okay or not okay to quote the (copyrighted) news,
with attribution?
Please advise.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.