Penny auction PennyWarriors.com dba Penny Warriors, LLC, is gone and they have just filed for Chapter 7 Bankruptcy in the Middle District of Florida. The meeting of the creditors is set for December 16, 2011.
Penny Warriors started out with giving back to the troops in mind.
Just one year ago bidders were posting their favorable reviews of the penny auction site, one of our members posted the following when asked what their favorite penny auction site was.
¨Hands down it’s Penny warrior…Tons of auctions-great variety-you can set your clock by their shipping-just good honest people¨
Penny Warriors is not the first penny auction to file for bankruptcy. The first site to create the penny auction, entertainment shopping concept, Swoopo also filed for bankruptcy earlier this year and we have heard nothing from the company since.
Many penny auction entrepreneurs think that the entertainment auction industry is an easy one to make a lot of money, but as is evidenced by the many, many shut downs and now another bankruptcy, it´s really not.
Have you bid on PennyWarriors.com and would like to tell us about your experiences with the site? Let us know!
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