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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Bill Jackson who wrote (496)7/12/1998 9:11:00 AM
From: fuzman  Read Replies (1) of 37507
 
Bill

I think Yorkton should be held partially responsible for the decline in the share price as they & 1st Marathon were both unloading cheap shares in the past couple of months. Also what happened to their speculative buy recommendation? They also have a member on the board who admitted @ the agm that their had been a change over in BII shareholders.
Funny how the auction concept is out moded as it has only been around for a 3 years or so. So what about profits nobody else has any except yahoo, looked @ the price of amz recently.

Any idea what amount of sales onsl did in the 1st quarter, I believe it was 50 million, they don't have their numbers out yet for the 2nd quarter, but assuming their good they should do 250 million worth of business this year. Analyst figure that they won't make a profit until the middle of next year and their sales will reach a billion dollars by the year 2001 or 2002.
Granted these big numbers will not come from auctions but from advertising, business to business which BII expects to delve into deeper this year. Check out onsl's deal with RCI the largest time share company in the world. This is the kind of business that BII hopefully will be seeing in the next 6 months or so.

Regards fuzman
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