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

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To: mike machi who wrote (11148)3/10/1999 10:45:00 AM
From: Rich Investor  Read Replies (1) of 37507
 
Mike,

At this point I have to say that BII's best chance at remaining viable in this market is to merge with another E-commerce company. Perhaps EBAY, should it expand into Canada.

I don't really feel that this company is going to be able to stand alone for much longer. It's had so many chances to turn things around to no avail, and I think I said before that no company can continue to "dance" around based on "hype" and the I-net craze without proving that the "numbers" are turning around. Fundamentals will play a role with these operations sooner or later, but then again, everyone should know that by now.

Having thought about it a bit more, I also don't think that BII will make any kind of splashy debut on the NASDAQ given these results. I think any talk of a $20 stock right now is out to left field and somehow I don't think BII will ever see that valuation in its lifetime. It just isn't worth it and I am beginning to lose confidence in management's ability to execute its business plan.
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