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


To: GoNorth who wrote (35243)9/14/1999 2:04:00 PM
From: Silvio  Read Replies (2) | Respond to of 37507
 
Hi, GoNorth. I think the calculations are a little off.

Let's stay with the $70,000 figure from the commissions of the auction. Remember that $1M of inventory had to be sold to generate the $70K.

If you are talking about $2000 computers, how much commission does BII make on each? Let's say 10% (which I think is on the high side). Anyway, that's $200 a computer. To generate $70,000 in commissions, 3500 PC's would have to be sold. That's $700K of inventory.

Also, PC's are one of the big ticket items on auction. You'd have to sell a lot more watches, collectables, scanners, etc. to generate that level of commission.



To: GoNorth who wrote (35243)9/14/1999 7:29:00 PM
From: F. Evans  Read Replies (1) | Respond to of 37507
 
your "ass"umptions don't mean anything to me gonorth. the fact remains they are generating bids and it appears to be lucrative...why don't you just admit that....you are so naive.

Frank



To: GoNorth who wrote (35243)9/14/1999 9:14:00 PM
From: zwing_88  Read Replies (1) | Respond to of 37507
 
As BIDS owns 51% of Point2, they will get the whole $2 million in sales if they choose to account for the sales in that manner. Z



To: GoNorth who wrote (35243)9/14/1999 9:26:00 PM
From: Dave Kiernan  Read Replies (3) | Respond to of 37507
 
Jerry, we know you really love numbers, accountants etc....but please pump your new baby and cover this one...ain't goin' down!