Replies to post #14593 on Buzz Technologies (BZTG)

[lowe6er]

Here is a perfect example.

http://venturebeat.com/2008/06/26/microsoft-to-buy-semantic-search-engine-powerset-for-100m-plus/

Here is a blurb on how all they did was burn cash. also said worth of 42 million dollars with zero revenue ever. the product was never out of Beta IMO.

The Microsoft purchase appears to validate Powerset’s technology, though the amount of the purchase is clearly less than Powerset’s investors had originally hoped for. Powerset was valued at a whopping $42.5 million after the first round of financing two years ago. At the time, investors expected that new technology it was acquiring from PARC would help it make significant breakthroughs. However, the technology has taken longer to develop than expected. Powerset was also burning cash at a fast rate, and so a purchase at $100 million is considered a safe result for an area that is also seeing increasing competition (players such as Hakia, Twine and TextDigger are all using similar approaches).

And they were happy to pay it.

BZTG doesn't fund operations on market.

Lowe6er

[Our-Street]

Gee lowe6er, I understand that you think, hope and believe that BZTG is generating significant revenues but, sadly, you have absolutely no way of proving it.

I, on the other hand can prove that Shayne and the company lies like a rug, including on financial statements from which a reasonable person can conclude that any representations about revenues are also lies. Hence, how is it you still believe that BZTG is actually generating enough revenues to justify a market cap of say... $500k?

As to buyouts, given who is running this company, anyone considering buying it would necessarily demand an audit from a very reputable auditor and be both know that ain't gonna happen so, where exactly do you come up with the conclusion that the market cap is too low. I still contend it is at least an additional zero between the relevant digit and the dot.

Having a degree in IT does nothing to help a person value a company plus.. you, more than most know that alexa figures are easily gamed so... tell us.. exactly why do you think BZTG is worth anything, let alone $1.8 million?