Bid.com International (BIDS) Message Board

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Microcap & Penny Stocks : Bid.com International (BIDS)

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To: GoNorth who wrote (34468)	8/19/1999 2:17:00 AM
From: twentyfirstcenturyfox	Read Replies (2) of 37507

I'm a bit of a stickler for detail', you say? Sorry old bean - you must have brown eyes, you are so full of it... The auditing profession calls all financial reports of operating results either " Report of Earnings" or " Statement of Earnings". These form part of the SEC filing requirements. The rules governing when you should identify your report as "Statement of Loss" are strict( read conservative)...you MUST use this Report reference where there are existing current period losses and no indication or expectation of earnings. That's the way it is written in the CPA bible - called GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. The SEC obliges listed corporations to follow these rules of financial statement or reporting. So, thank you for providing theopportunity to clarify that, it arrears that those who report for BIDS to the SEC filing authorities are willing to accept responsibility for implying that earnings are expected. You must be getting desperate to get your name in print. Don.

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