The Company is an online auction marketplace for wholesale, surplus and salvage assets. It enable buyers and sellers to transact in an efficient, automated online auction environment offering over 500 product categories.
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If they lose the government contract, they are out of business. Government may cut items being sold dramatically. Liquidity services it currently begging its customers to contact DOD personnel not to destoy thousands of items that can be sold in the open market. This company is "NO" Ebay as they have an interest in what is being sold, E bay has transparancy, Liquidity Services has none.
Many complaints on Items lost, misdescribed, heavily damaged or not even in the lots being sold, bid deposits not refunded timely, false or misleading photos, wrong weights on scrap sales.