Bidnow.com (Symbol: BIDN) was Auction TV (ATVW) Message Board

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Technology Stocks : Bidnow.com (Symbol: BIDN) was Auction TV (ATVW)

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To: im a survivor who wrote (46)	3/4/1999 7:17:00 PM
From: Chris Cooper	of 100

KG--I spoke with thier investor relations today (Virtual Financial corp.) and fully realizing I was talking to a pr man, this is what I found: They are really proud of their management team (Mcglaughlin, CEO, was ceo of worthington industries many moons ago an brought them from 6 to 200 a share). Also John Ramsey via Oracle and MIT and Mark Kadesh via Axiom corp. They, like every nonreporting co. I've talked to (only worry when the CEO answers the company phone...) have many positive announcements in the hopper. They are of the nature of "very well known" investors coming aboard and also advertising deals similiar to the SEEK deal announced today, they say. They are currently doing their audit (BDO Seidman) and are pointing all their efforts to an eventual listing on an exchange. Virtual Financial corp bought 6000 additional shares at 15 and change on Wed. (a matter of public record, they said...) They also have technology which differentiates them from EBAY: Apparently Bidn can download a collection from say, Tahiti that a collector wants auctioned. Say it totals 5mm$. Ebay requires an existing website which is compatable with their system in order for downloading for auction. Bidn feels they can get to remote places and collections that Ebay cant. (Who knows?) Also, the cable tv aspect is a while away (I think he said 6 months). I raised the question here about the current float. I heard they retired some shares, which they did, to get it to the current 11.2mm. I'm long at 16.5 and am pretty satisfeid that they want to do what they say they want to do. I'll buy down at 8. Otherwise I'm a hold and hope (and pray)...This company looks like an AON proposition: its either going yard...or striking out looking.

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