Yesterday, BZCN closed the market with no change in the closing price, but there was some action during the day with the share price varying between $0.0007 and $0.0009. BZCN then closed in the middle of that trading range, at $0.0008 and had above the average trading volume of almost 478 million shares.
BizAuction is disclosing only limited information about its business and the facts given on the OTC markets homepage are not encouraging for the future of the company. Unlike the scarce financial data available, the PR activity is remarkable. This month, the company even made a positive announcement out of the closing of one of its stores. CEO Delmar Janovec attempted to convince the public that the Lucky 7’s clothing retail store will be closed due to the “significant progress that has been made in sales at the Outlet Store”.
It is not clear how exactly both issues as related to cause that management decision, since later in the press release it turns out that the Lucky 7’s store would be actually closed only for a while and that it would soon have a new location. But the “Holiday Season” theme is again in place, and the CEO hopes for 50,000 more customers due to the new location.
These days, some promoters got also inspired to hype BZCN shares again, but couldn’t find much of positive things to point out. That’s why an interesting strategy to market the stock was invented, based on the increased PR activity and the subsequently hyped market shortly before Christmas. Traders will now certainly get curious if the pattern from the last two years will repeat, and will maybe let the prophecy actually fulfill itself.
