SI's technical staff have been contacted to request that BIZZ's charts be updated. The $2.25/sh post currently on BIZZ's SI chart is the last post made in November, 2000 with information provided by NASDAQ. On June 19,2001 BIZZ closed with a bid of $.23 and an ask of $.30. With annual revenues at or exceeding $30M BIZZ is not an inactive stock as its SI chart implies. Quite the contrary.
I have followed BIZZ for more than a year. Despite its turndown in share value, the company's management has held rigidly to its business plan and, despite prima facia losses, its senior management has maintained the support of company directors and financial backers. The company's plan, simply put, calls for the consolidation of small, profitable, local ISP's into a single regional ISP. By doing so, duplicate costs can be eliminated, service delivery streamlined and profits increased, beyond previous levels. Simple, text book approach. Hard not to like. Please feel free to comment.. |
