Citron Adds Some Color and Clarity to Bidz.com. - Citron Research

Citron Research has released a report on Bidz.com which focuses on the following:

  • Citron likens Bidz.com to that Medifast stock
  • Bidz is generating high inventory loads, as opposed to cash
  • Bidz CEO has generated 1.1 million in cash by selling off 30,000 shares per month
  • Bidz largest supplier and shareholder is Saied Aframian who is a convicted felon
  • Bidz products carry over inflated values
  • Shill bidding complaints

Bidz.com stock has taken quite a tumble since the release of the Citron Report. To view the Citron Report in its entirety Click Here.

Posted by Posted by Jewelry News at Wednesday, November 28, 2007 9:00 AM
Categories: BIDZ.COM, Shill Bidding, BIDZ, SEC
 

What did you think of this article?




Trackbacks
Trackback specific URL for this post
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Name (required)

 Email (will not be published) (required)

 Website

Your comment is 0 characters limited to 3000 characters.