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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: crimson who wrote (9867)	11/11/1998 8:59:00 AM
From: Kevin McKenzie	Read Replies (2) of 119973

You are right. OnSale is Yahoo's auction site. Slight correction regarding what I said. I said Yahoo (ie, OnSale, as you pointed out) is the closest auction site to Ebay. I personally don't think it's in the same league, let alone the same ballpark (I'm speaking purely as an auction site, not as an investment) Stats as of today Total ongoing auctions EBAY 907,220 ONSL 49,420 (Note: both of these numbers will fluctuate as auctions close and new ones are opened. Ebay's number dropped by 70,000 in the last two days, however, it will be over a million this Sunday. Revenue Ebay gets a listing fee for every auction and a commission for each completed auction. I'm not sure how OnSale makes any money from its person-to-person auction site, other than banner ads. Registered users Ebay has over 1 million registered users as of a couple weeks ago. I don't know OnSales user base. I know it's well under 1 million. Shares Outstanding/Float/Capitalization EBAY 39.7M / 3.5M / 5.2 Billion ONSL 18.9M / 6.3M / 380 Million Final note I'm not saying Ebay is a better trade than ONSL. I think both have reached absurd levels of capitalization given their sales figures (in particular Ebay ($5.2 billion for a company with around $20 million in sales)) I'm just saying I think Ebay is a better site for person-to-person auctions. Actually, after looking at the numbers, I think Onsale has further to move in the short term -- assuming the nets don't all collapse.

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