Bid.com International (BIDS) Message Board

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

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To: Sili Investor who wrote (25099)	4/23/1999 8:16:00 PM
From: Ruyi	Read Replies (3) of 37507

Why did it take PAVAN till APR.to see what i<VE been saying since NOV.???????? Mr. Pavan said yesterday "big problems at the company" forced him to change his recommendations. In addition to the increasing stock value, Mr. Pavan started to look at the weakening gross margins. Those margins included what he called the unusual practice of including products sold below costs in its sales and marketing figures. "If you buy a laptop computer for $1,000 and sell it for $980 . . . you would have a negative gross margin. In Bid.Com's case they book that into the sales and marketing line," said Mr. Pavan, adding the full tally for how much is booked into sales and marketing is broken out annually but not quarterly. Bid.Com is set to release annual numbers next month. No one from Bid.Com was available for comment yesterday. Meanwhile, Bid.Com remains part of the TSE 300, with a complicated formula making it almost impossible to remove the stock until the index comes up for revision. This has renewed calls for stronger requirements for inclusion, such as a company's opeRating oneistory. In Bid.Com's case the company has no earnings and has been in business less than two years.

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