Bid.com International (BIDS) Message Board

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

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To: Mr. Pink who wrote (23142)	4/20/1999 4:18:00 PM
From: WhatsUpWithThat	Read Replies (1) of 37507

>Revenues are overstated. Actual revenues should be only >the fee on the auction item, but bid recognizes the total >sale amount Who bills for and collects the entire sale? BIDS, no? Who ships the items? BIDS again? How is this different from other companies that report full sales $$ as revenue, rather than the gross margin (sale less cost of the item)? In the final analysis, BIDS' revenue treatment meets GAAP and exchange requirements, so I'd say the point is moot. WUWT

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