Bid.com International (BIDS) Message Board

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

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To: Cameron who wrote (28706)	4/29/1999 4:09:00 PM
From: Alastair McIntosh	Read Replies (2) of 37507

Cameron, thank you for your analysis. However,it appears that you are away off on your marketing/admin. expenses. Last year BIDS had marketing/admin of approx $18 million. If they do $50 mill gross this year that number is not going to decrease to $12 million. It will increase to at least $30 million. This will give them a loss this year of at least $25 million not the $7 million you show. It will be a long term before BIDS shows a profit. BIDS is in a bind. They desperately need to increase sales. However to do this they have to keep selling below their cost. You can't increase your selling prices when you are trying to grow your market. I have printed out and saved your projection and we can discuss it as the numbers come out. As the year goes on we will see each quarter if they stay on track with your projections. While I disagree with your numbers I admire you for posting them. Al

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