BZCN - BizAuctions Inc - .00X

nodebased · November 19th, 2009, 01:59 PM

This one has been on my watchlist for a while so might as well add it here.

BZCN

BizAuctions, Inc. is a prime provider of commercial eBay liquidation services for excess inventory, overstock items, and returns. Our clients have included some of the Nation's leading retail names at the forefront of their industries.
BizAuctions addresses the $60 billion excess inventory problem for clients by sending trucks to pick up pallets of excess inventory, selling the inventory on eBay, and collecting payment.
We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up their valuable storage and retail space.
With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory on eBay.

Authorized Shares:
5,000,000,000

Outstanding Shares (Jun 30, 2009) **most likely currently near 1bil**
425,790,342

Estimated Market Cap
$425,790

BZCN highlights:
- Opened their first "Lucky 7's" clothing retail store on May 29, 2009
- recently signed a LOI with Midwest Outlet Centers to sell their merchandise that doesn't sell on eBay.
- new website launching soon

edit - Note:
BZCn has had touble in the past with figuring out what to do with their merchandise that wont sell on ebay or doesnt meet the ebay listing requirements. So far, they have just been writing off this unsold merchandise as a loss. If this joint venture with Midwest Outlet Centers pans out, that should be a bit of a boost to their balance sheet down the road.

nodebased · November 19th, 2009, 02:00 PM

I've seen a lot of talk about this company on various message boards so I decided to take a look and do a bit of DD since their Q3 report is due out any day now.

Last quarter BZCN had a Net Loss of $216,000 and the quarter before a Net Loss of $164,464. BizAuctions has yet to turn a profit in it's lifetime.
Comparing the numbers in some of their latest press releases with proir quarters, it's looking like BZCN could see it's best quarter yet. Most likely still a Net Loss, but they may be getting back on track.

Here is my very rough breakdown:
eBay Listings/Sales
Jun-Aug 2009 - 4,482/1,994
Aug-Oct 2009 - 5,586/2,588

That's a 30% increase in sales in Q3 vs. Q2 for their eBay store alone.

BobShishka · November 19th, 2009, 02:01 PM

Just an FYI, this is one SH was pumping a while back...

tony · November 19th, 2009, 02:04 PM

Yeah I lost my butt on BZCN before when it dropped to .0004, this one is highly manipulated to tread lightly, if it drops back to .0004 again I'll buy and flip.

nodebased · November 19th, 2009, 02:04 PM

Originally Posted by BobShishka

Just an FYI, this is one SH was pumping a while back...

Yes, this one seems to get pumped by everyone and their brother, hence the reason I decided to take a closer look at it. Personally, I don't see why so many are pumping this one... They have a long road ahead to profitability.

ChuckD · November 19th, 2009, 02:11 PM

Originally Posted by nodebased

Yes, this one seems to get pumped by everyone and their brother, hence the reason I decided to take a closer look at it. Personally, I don't see why so many are pumping this one... They have a long road ahead to profitability.

They get pumped by everyone because they (or a third party) pay well for it.

nodebased · November 19th, 2009, 02:22 PM

Originally Posted by ChuckD

They get pumped by everyone because they (or a third party) pay well for it.

Very true, but I still don't understand why. I mean, if a company is a complete scam, I can see the need to pump. But, a real company that has every opportunity to grow and expand, what is the purpose of spending money on stock pumpers? Why not put that money into the actual company and the pps will follow?

The only reason I can see for doing this would be to temporary boost the share price so the company can sell shares at a higher price and raise more cash. The extra cash they generate by the increased pps easily pays for the pumper compensation. Maybe I just answered my own question, or I'm missing something here?

BobShishka · November 19th, 2009, 02:23 PM

I think you just answered your own question...

nodebased · November 20th, 2009, 11:54 AM

BZCN hasn't moved for weeks, but it's up 30% so far today on decent volume.

nodebased · November 22nd, 2009, 05:38 PM

Updated chart for BZCN from iHub:

SK_ · November 23rd, 2009, 03:23 AM

Just received a pump on this from SureFirePennyStocks....

broken196 · November 23rd, 2009, 10:15 AM

Originally Posted by SK_

Just received a pump on this from SureFirePennyStocks....

iHub and yahoo are going nuts over this. I'm seeing it on the IHGP boards and HESG.

It's like a penny stock bread crumb trail.

nodebased · November 23rd, 2009, 12:20 PM

Originally Posted by broken196

iHub and yahoo are going nuts over this. I'm seeing it on the IHGP boards and HESG.

It's like a penny stock bread crumb trail.

Loads of hype around this one, but for all the wrong reasons imho. Seems like everyone is banking on a repeat of last year where BZCN rallied 6,000% during the holiday shopping season.

What worries me is that BZCN has not had a profitable quarter yet. With the US economy in the dumps and small businesses going under left and right, a business like BZCN should be able to turn a profit or at least have a decent increase in clients. So, far they have had neither.

On the bright side, it does look like BZCN is taking action to change their situation... Opening new retail stores, partnering with other re-sellers, new webpage coming (similar to Overstock.com). Their upcoming Q3 financials should show if this new strategy is starting to pay off or not.

But, like any .00X penny play, I'm not putting too much thought or effort into this one. I'm up 100% in 2 days so I can't complain.

nodebased · November 23rd, 2009, 10:21 PM

You Tube

sree · November 24th, 2009, 09:36 AM

SAN DIEGO, Nov. 24 /PRNewswire-FirstCall/ -- BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay liquidation services for excess inventories, overstocks and returns, announces Cyber Monday, November 30, will kick-off special promotions for its customers during the Holiday season buying.

Delmar Janovec, CEO comments, "BizAuctions, a Titanium Powerseller, on eBay through its eBay store name: BusinessAuctions Inc, Cyber Monday will launch special promotions that will run through the Holiday Season for its customers that are looking for great buys on a wide variety of name brand products that BizAuctions customers have become accustomed to. Also, our Lucky 7's retail store in Chula Vista will be offering some exceptional promotions beginning on Black Friday through the Holiday Season that offers great purchases on brand name clothing and special merchandise."

"BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment for a lucrative commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. BizAuctions consigns, buys inventory, and liquidates through eBay, its recently opened retail store, Lucky 7's, and soon through its recently announced Letter of Intent with Midwest Outlet Centers," continues Janovec.

The Company's clients have included some of the Nation's leading retail names at the forefront of their industries. With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate excess inventory on eBay.

More information is available at http://www.bizauctions.com/. Investors and media can receive a free investor kit for BizAuctions, Inc. by contacting Investor Relations at or (800) 961-3275. A virtual tour of BizAuctions' facilities and flash video presentation can be viewed at http://www.bizauctions.com/

ABOUT BIZAUCTIONS - ADDRESSING THE $60 BILLION PROBLEM

BizAuctions, Inc. (Pink Sheets: BZCN) is a prime provider of commercial eBay liquidation services for excess inventory, overstock items, and returns. Our clients have included some of the Nation's leading retail names at the forefront of their industries.

BizAuctions addresses the $60 billion excess inventory problem for clients by sending trucks to pick up pallets of excess inventory, selling the inventory on eBay, and collecting payment.

We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up their valuable storage and retail space.

With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory on eBay.

The Company encourages the public to read the above information in conjunction with its year-end statement for December 31, 2008, and the quarterly statements filed in calendar year 2009, at http://www.pinksheets.com/.

The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein.

http://www.bizauctions.com/

DATASOURCE: BizAuctions, Inc.

CONTACT: Delmar Janovec, Investor Relations, BizAuctions, Inc.,

1-800-961-3275,

Web Site: http://www.bizauctions.com/

http://ih.advfn.com/p.php?pid=nmona&cb=1259068139&article=40491562&sym bol=NO^BZCN

SK_ · November 24th, 2009, 01:49 PM

I'm riding this from .0026 w/280k. For those of you in this as well, it peaked previously to .005 on June 3rd. We'll see how long this pump lasts...

nodebased · November 24th, 2009, 02:06 PM

And to think I nearly sold yesterday and just kept the fee shares... This baby just hit +400% for me. What a Birthday present!!

SK_ · November 24th, 2009, 05:32 PM

Whew!!! OK, when these pump and dumps drop - THEY REALLLLY DROP! got the heck outta dodge at .003!

broken196 · November 24th, 2009, 05:49 PM

Originally Posted by SK_

Whew!!! OK, when these pump and dumps drop - THEY REALLLLY DROP! got the heck outta dodge at .003!

I agree. I'd rather not chase any of these picks. Yes they could keep going but they seem to drop just as hard soon after.

I think hiding our shares under a rock at a low and wait for the home run might be less painful for a lot of traders.

Navid · November 29th, 2009, 09:37 PM

This stock is doing very well and I am looking forward to the action on it this week. I am in for 5 million shares and my brother is in for 3 M. I have been in since .0009 and am looking for about .01 before selling. So far so good, especially with lots of PR's and increased online buying to occur in the next few weeks. For those not in it, I suggest looking into it. BZCN has opened a few stores such as LUcky 7s and is one of ebay's best sellers. Especially this year, with increased focus on online shopping, bzcn should do well hopefully.

No guarantees obviously as this is a pink stock but the rewards are high along with the risk.