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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: GoNorth who wrote (35243)9/14/1999 2:04:00 PM
From: Silvio  Read Replies (2) of 37507
 
Hi, GoNorth. I think the calculations are a little off.

Let's stay with the $70,000 figure from the commissions of the auction. Remember that $1M of inventory had to be sold to generate the $70K.

If you are talking about $2000 computers, how much commission does BII make on each? Let's say 10% (which I think is on the high side). Anyway, that's $200 a computer. To generate $70,000 in commissions, 3500 PC's would have to be sold. That's $700K of inventory.

Also, PC's are one of the big ticket items on auction. You'd have to sell a lot more watches, collectables, scanners, etc. to generate that level of commission.
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