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

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To: RG who wrote (22402)4/19/1999 5:08:00 PM
From: GoNorth  Read Replies (2) of 37507
 
RG, I guess we could say every company has 'potential' but it's not only potential that determines value. If I remember correctly there are 100's of auction companies on the net and could we not say they also have 'potential'?
BII's problem is as I've previously stated. So so sales, so so growth and puny gross margins. (I could add so so selection, limited advertising and marketing, unknow ability for their system to scale up)
When US investors do their DD and ask what potential BII has, I'm saying they are going to find 5-8 other auction companies that have more potential and in the short term there are not going to be more than a handful of high flying auction companies.
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