i think it is kinda like scam
1 bid will cost money and in the auction, it only raise RM0.01
it is not like lelong where u can bid infinitely up to a ceiling price..

i've did some simple calculation;
1 bid cost RM1.5 (cheapest! higher if u buy less)
the most hot item on the auction is the HP mini laptop which retail cost RM1499 and they promised 50% price from retail or they will refund the extra.. for example, if the auction raises to rm800 with winner, the winner will get rm50 money back excluding the fund used to buy bids..

so 1 bid raises rm0.01, to reach rm750 (example), they need 75,000 bids
since 1 bid cost rm1.5 hence 75,000 x 1.5 = RM112,500 is the profit they made on a sub thousand laptop

or do i understand the auction wrongly?

dont u have the prove which state that u actually won the bid?

yeah, there is a posibility that they will disguise as normal bidder to bid the price 9 9

That's the magic. they will ensure we won't know.

I'm in IT line. such "AI" not hard to develop. Just continious monitor the auction intervals and calculate whether its time to "activate" a drone aka robot to auto-bid or not. Frustrated real bidder might continue to play along. And in the last minute when the minimum-value-that-ensure-they-profit is met, the system will just play nice and let the "lucky" user make final bid and win.

What if Penny Auction is owned by se7en.. will you get a permanent ban for reporting?