BANY: Core business growth, exciting affiliations! Message Board

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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!

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To: brad greene who wrote (2933)	9/24/1998 6:28:00 PM
From: Mike Sawyer	Read Replies (2) of 5847

Wow Brad! That is a very nice IPO! I would love to see Anything Internet come out like that. eBay sold about 3.5 million shares on the IPO so that's their public float. Read this about their revenues... "eBay, which helps users buy and sell goods with each other in an auction format, is actually profitable, a rarity in the Internet space. For the six months ended June 30, the company earned $215,000 on $14.9 million in revenue. Free for use until last September, the company now charges sellers a small placement fee to list an item to auction off and then tiered commissions ranging from 1.25 percent to 5 percent depending on the value of transaction." That's about 30 million a year with profits of less than $500,000. So what if Anything Internet does 3 million with $50,000 profits. If the share count was equal Anything could IPO at $5 a share. But if Anything Internet has fewer shares...which I think they will...they would have a higher value than $5. Am I thinking right? Notice that eBay Traded just under 9 million shares today and they only sold about 3.5 in the IPO. Anything Internet may only have 3 million total outstanding from what I understand. The more I think about it...the more it makes me want to buy more BANY. I've got another $1,000 that I had ready to go in at the gap if it showed up...but I just might go ahead and put it in now. Hmmm... Mike

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