Bid.com International (BIDS) Message Board

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

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To: Dale Geffrey who wrote (37397)	4/26/2000 7:17:00 PM
From: Robert Dirks	of 37507

Yeech ... Not Good. I used to be a booster of BII but IMO it's not looking good at this point. I have 2 main problems with them. * The competition is much fiercer than it used to be, and BIDS has not capitalized on its early entry, they seem to be stuck in the same model as a year ago. This will no longer cut it, and it shows by their numbers. * The cash burn rate, the loss was $7.8M, but their Cash went down by $8.6M, and they have $12.8M left. At this rate they have enough cash for about 4.5 Months of operations. Lets put it another way, if you privately owned BIDS right now, what would you do??? Myself, I know I would stop operations, run with the $12.8M remaining cash, and try and sell the rest of the company. Anyway, lets see what the markets say tomorrow.. Good Luck

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