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Microcap & Penny Stocks : Bid.com International (BIDS)

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To: Denise D who wrote (10519)2/25/1999 4:52:00 PM
From: mccowaner  Read Replies (1) of 37507
 
Denise...

Thanks for taking the time to print out the total article. Very enlightening comments about the situation of venture capital in Canada. The article also relates to Crazy's comment a few weeks ago about Canadians not supporting their home grown efforts. Now I understand that without capital its very hard to move into internet types of business.

This tells me that Godin et al really believed in themselves, their plans and potential to put their own money into the business. IMO that gives them great impetus to be successful and we ride their coattails!

I was curious about the fact that Godin said they would be profitable this year. I wasn't sure how they managed that so quickly. If they used their own money to start up, they don't have a mountain of debt to drag down their net earnings. Puts them in a very handsome situation very quickly! Analysts love that stuff!

I'm getting to like this company better every day!
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