>>>Todays release shows 32,848,450 Bid.Com issued , SEC shows 45mill. shares issued ??? Losses reported on 23 mill. shares .
I don't know where you get 23M shares from?
From the press release:
>>>Revenue in the fourth quarter of 1998 was $6.4-million compared with 1.5-million in the fourth quarter of 1997 and $6.3-million in the third quarter of 1998. The net loss for the fourth quarter of 1998 was $5.8-million, or 18 cents per share, compared with a net loss of $3.1-million, or 22 cents per share, in the comparable period of 1997 and a net loss of $4.8-million, or 22 cents per share, in the third quarter of 1998.<<<
So, if they lost $.18 per share on $5.8M loss, that makes 32M shares. To me, I would read that to mean that there are still alot of outstanding warrants that have not been converted. If this is true, the real float on BII is probably less than 20M shares meaning that when it hits the NASDAQ, the float will not be an issue, this stock will fly. |
