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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?


To: F. Evans who wrote (34456)7/29/1999 8:52:00 PM
From: GoNorth  Read Replies (1) | Respond to of 37507
 
Frank, I guess you don't consider another $3.5M loss material. Add this to the previous to date losses and we're now at $30M in the red and counting. Hummm Not material eh!? LOL!!!!!!!!!!!!!!!! You're quite a guy Frank - a real piece of work! LOL!!!!!!!!!!!!
PS: could you perhaps stay over at the minor league site RB.

By: FEvans
Reply To: 39623 by LITTLEGREEK Thursday, 29 Jul 1999 at 8:07 PM EDT
Post # of 39629

LITTLEGREEK...

My reaction to BIDS earnings was that they were interesting numbers...the key finding is GROWTH...no-one said this would be easy or done overnight..however, gross margins increasing, revenue increasing and the lisencing revenues won't even really be a factor until Q3. Let the sellers sell....it was a horrible market today in general, not just for Bid.com. Personally, I was buying aggressively today..I'll gladly take these cheap shares...Why oh why would people sell something with so much potential? Patience is a virtue...My source maintains there is great news coming and went so far as to say that there was a deal on the table on or about the shareholders meeting however it got bigger than expected and as a result, it has been delayed so all parties can do due diligence and the lawyers can draw up the paperwork...remember, insiders will be able to sell again in September and the summer is usually slow.

I'm back in strong now because I couldn't resist these prices...I just ask myself.."Has anything material transpired that makes this company worse today than it was last week/month/year?" If the answer is no, then at these levels, I personally think it's a steal.

Later.
Frank