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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Rich Investor who wrote (5364)1/11/1999 10:21:00 PM
From: Ruyi  Read Replies (3) of 37507
 
"Your reading of the situation is highly premature and your analysis of the financial statements is way out of wack" do THE MATH , I think it is your view of their finances that is out of wack. THE only way the loss per share will go down is because they have more shares issued, when they lost 30c a share they had 10 mill. shares issued when they lost 65c share they had 20 mill. shares issued($1.20 loss per share before dilution) ,I will venture a guess that they will report losses of about $20- $22 mill. for the yr. ending 98. With 32 mill. shares(assuming no more issued) that's a loss of 69c a share, care to venture an opinion on losses. Every one seems to be overlooking the constant dilution( not splitting) of company assets, now 50 mill. shares plus fully diluted. With increase in price and dilution (not splitting) this stock has appreciated 20 x since SEPT 98, pure shell game.

PS : these are optimistic projections by the way. .
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