Although yesterday Bitzio, Inc. (OTC:BTZO) had one of its most intensive session this month, the share price could still not break out the established trading range, even with the three recently announced acquisitions of the company. A break out may happen today, however. 
BTZO closed the last session again at $0.39 for a share and the trading volume for the day amounted 66,280 – a relatively high value for that unpopular stock. BTZO started trading with a gap down and it fell to the $0.30 support shortly, though half an hour before market close the share price jumped up again. It looks like the reason was the latest 10-Q of BTZO, filed a few minuted before that.
As Bitzio does not have any operating business currently, the new financial report does not reveal any interesting news, it focuses more on the recent three acquisitions that BTZO has already announced. Thus, it seems like the more important news today would be the first promotional e-mails on BTZO, received in our newsletters database last night.
Of course, they advise traders to start accumulating BTZO shares because a big run is coming. For its $297,000 in total assets and $25,800 in liabilities, the company’s market cap is now at $12.87 million. Maybe the latest companies that BTZO acquired hold such future value and it is yet to unfold. In any case, the promoting company received $10,000 for the advertising service and it, or its affiliates, most probably have shares to dump on the market, as suggested by their newsletter disclaimer.
At the beginning of August, BTZO signed an agreement to acquire Digispace Solutions, LLC., an online advertising company. At the end of July, a subsidiary of BTZO purchased all the shares of Bitzio Corp., a company engaged in the development of mobile applications. The company also has an agreement to acquire The Empire Group LLC., but the acquisition did not close on the anticipated data and it is now expected to be completed by the end of September 2011.
