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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Rich Investor who wrote (8420)2/2/1999 1:59:00 PM
From: Sili Investor  Read Replies (1) of 37507
 
>>>I understand a company needs to get news out. There is a positive side to it that I won't deny. But every two or three days??? Come on! Even more ridiculous when the news is of no consequence. <<<

Who are you to decide what is of consequence. If you look at the last four press releases, all are of consequence to a young, Internet-based company trying to stay ahead/even with the competition, which is primarily US based.

Here are the four releases:

Feb. 02 - Mr. Jordan Sound Cards
Jan. 28 - Jewellery to be sold
Jan. 28 - Announcement of Expansion into Europe
Jan. 26 - Announcement of Strategic Alliance with 24/7

Now, Rule 1 of Press Releases is that you don't put together into one news release subjects which are not directly related. Those four are not related with the exception of notifying investors that BII is still expanding (as it should).

Now, Rule 2 of Press Releases is that different investors are looking at the company in different ways. Some want revenue sooner than later, hence the news release regarding Jewellery and Mr. Jordan. Some want to see BII expand into other markets, hence the press release regarding Europe and 24/7.

Now, Rule 3 is that in a young, Internet-based company, ALL news is important. That's not Bid.com management's rule, that's the MARKET'S rule.

I think all these press releases are important.
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