HouseHoldDirect.com (BYIT)-The Next SAMS/Walmart Ecommerce Message Board

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Microcap & Penny Stocks : HouseHoldDirect.com (BYIT)-The Next SAMS/Walmart Ecommerce

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To: RG who wrote (1996)	4/9/1999 7:42:00 AM
From: Grant MacMillan	of 2994

Off Topic: That's just it, nobody on BID.COM is intelligently discussing the stock. You and everyone else is being swept up in the euphoria and have made no assessments as to what the company is worth. The bubble will burst. Someone mentioned retail investing yesterday. It was retail investing that took gold to $900/ounce, and we all know where it went from there. I see $37/share in Europe is being posted this morning. Market capitalization now at $1.5 billion. Do you think any institutional investors or companies would buy it out at that price? If Conrad Black would rather start up his own newspaper and risk hundred's of millions of dollars on the venture, rather than buy The Globe and Mail for $1 billion, then I think anyone interested in on-line auctions would start their own, rather than pay the price BID.COM would go for. It can't be too difficult to achieve $20MM in revenue. GM

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