John,
I'm so excited, don't nobody tell me this is old news, I'll be so disappointed!
Came across this... has anybody heard of Donald Ashley, Editor and CEO of the Ashley Internet Investment Advisor!
Well, he has nice things to say about Bid.Com for his April Ashley Internet Investment Advisor. I love what he has to say: "This could be the pick of the litter."
Denise.
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BID.COM International Inc. (BII 14 at March 31,1999)
Bid.Com is an online auction with a difference. Its uniqueness revolves around it recently patented Dutch Auction. This first, and only of its kind, auction allows visitors to bid on a live basis. Bidding starts on quantities of inventory at indicated prices. As bidding progresses and as the inventory is depleted, prices decline. If you wait and try to get the best price the inventory just might be gone. The excitement generated is unparalleled and spending money has never been more enjoyable. The site is definitely worth a visit (www.bid.com). Here are a few other things you should know. The company is incorporated in Canada and presently trades on the Toronto Stock Exchange in Canadian dollars, which might present difficulty in buying this stock. Good news however, BID.COM applied to the NASDAQ for listing on February 16, 1999. The process generally takes 45 to 60 days for approval and this listing when completed (scheduled for some time in April) should be stimulating for the stock. On March 10, 1999 BID.COM reported earnings for the fourth quarter ended December 31, 1998. Revenues in the fourth quarter climbed 600% to CAN$6.4 million. WOW! The company ranks among the top 6 auction sites and presently they report unique monthly visits of 3/4 million and climbing. This could be the pick of the litter. Best to buy a small stake before it's listed.
Initial recommendation 3-31-99 at 14
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