LBC

Is BIDZ.com Reporting Inventory in Compliance with GAAP?

Several independent auditors have examined BIDZ's inventory over the last few months and OK'ed their valuation. Bank of America nearly doubled BIDZ's credit line based on the value of their inventory -- do you think they just took BIDZ's word for it? You are a convicted felon -- why would we ever take your word over that of BofA or these other independent auditors? You are also quite obviously on the shorts' payroll. They have maxed out on borrowable shares and are getting so desperate that they are throwing the kitchen sink at this stock.