As of this date you can purchase 1000 shares of Ableauctions Com Inc stock for just $168; but would it be worth it to purchase 1000 shares of Ableauctions com Inc stock? Considering the company has been around since 1996 and a share of their stock is valued at 0.17 cents today, there would not appear to be much to be gained from owning 1000 shares of Ableauctions Com Inc stock. But for the sheer fun of it, imagine if you will the value of a share becoming worth as much as $20.00. For your $168 invested, you would find yourself with shares worth $20,000.

But is there any likelihood however remote that a share of Ableauctions Com Inc stock could ever be worth $20? It seems highly unlikely considering the nature of the business of Ableauctions.com Inc.

Business Summary 

Ableauctions.com Inc. was incorporated under the laws of the state of Florida as J. B. Financial Services, Inc. on September 30, 1996. The Company changed its name to Ableauctions.com, Inc. on July 19, 1999. The Company provides liquidation and merchandizing services to businesses to assist them with managing the sale of their products. Through its subsidiary, Unlimited Closeouts, Inc., the Company provides liquidation services to businesses with overstock. Through its subsidiary iCollector.com Technologies Ltd., it provides auction broadcast technology and facilitator services that allow businesses to take advantage of the on-line auction marketplace. Through its subsidiary, Rapidfusion Technologies, Inc., the Company develops and sells point-of-sale software. The Company manages its cash investments through Ableauctions.com, Inc. and, during 2005 it expanded its business through its subsidiary, Stanford Development Corporation. Stanford Development Corporation manages the Company’s real property and lending investments. The Company now provides technology and related services to auction houses and galleries to enable them to broadcast auctions live over the Internet, either through eBay Live Auctions or through the use of the Company’s proprietary technology.