Can website auction off a product they don't have?

[Jake]

Your dealing with a penny auction, which are by nature rater slimy and deceptive. Some poorly managed store sites innocently sell more than they have, some employ drop shippers who warehouse and ship from some remote location. No doubt the penny auction will stretch any rules to extract more money.

If you had searched the name before dealing with them;

Scam claim
http://pennydecisions.com/ibid2save-review/

0% aautomated trust rating
http://www.scamadviser.com/is-ibid2save....-site.html

Complaints in the comments
http://pennyauctionlist.com/ibid2save/

The WORST company I've come across so far
http://www.complaintsboard.com/complaint...76135.html

BBB C-
http://www.bbb.org/charlotte/business-re...-nc-284954