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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Gee-Man who wrote (27843)4/28/1999 9:11:00 AM
From: Alastair McIntosh  Read Replies (2) of 37507
 
Gee-Man, you posted:

BIDS does not carry an inventory and has very low overhead. Like other Auctioneers they get a cut of every sale. Sounds safe and profitable to me.

It may sound profitable but their financials show otherwise. Loss for 1998 of $18.7 million increased 178% over loss for 1997 of $6.7 million. When do think BIDS will show a profit

Al
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