Since ONSL recently received its 4 millionth bid, this means they have already received 1 million bids in the first quarter, compared to 728,000 for the whole 4th quarter. More bids means more orders means more revenue. When you consider that 4th quarter is the holiday season, this growth is even more impressive.
Also, their number of registered bidders was recently announced at over 500,000, compared to 418,000 at end of 4th quarter. By the time the current quarter is over, they will likely have added over 100,000 new customers. So, they are on target to continue to grow their registered bidders at a 20-25% rate sequentially quarter to quarter.
This is all good news, and the shorts are conveniently ignoring these figures.
If they keep growing their customer base, they will have a valuable asset that can be leveraged into other forms of revenue. The value of this group purchasing power is enormous (see AOL).
I'm sure the ONSL shorts would also have had negative comments about AOL a few years back, and now look where AOL is: only one of the best performing stocks over the last 4 years.
Paul |
