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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: David Sirk who wrote (31585)	12/3/1998 9:05:00 AM
From: ztect	Read Replies (1) \| Respond to of 34592

Bid.com has 1000% increase in revenues from previous fiscal year B I I sedar.com Dear Shareholder [w.emphasis] 1998 Third Quarter revenue for Bid.Com International Inc., one of North America's leading online auctions, increased 12.5% to $6.3 million from $5.6 million in the second quarter of the year. Revenue for the nine months was $13.7 million, up from $1.2 million in the same period in 1997, an increase of more than 1000%. Gross profit for the quarter increased more than 250% by $0.2 million to 3.2% of sales in the third quarter, up from $51,000, or 0.9% of sales in the second quarter. Gross profit for the nine months was $0.3 million, an increase of more than 200% compared with the 1997 period. The improvement in gross profit resulted from increased site traffic to Top-Bid auctions, the successful launch of Dutch Auctions, as well as the introduction of new products and suppliers, particularly in non-computer related categories. The company fully believes that the trend in margin improvement is sustainable now that it has achieved critical mass and is able to manage balanced growth in revenues and margins. We're beginning to see evidence of our forecasted economic-of-scale, achieving our growth in revenues and gross profits with a reduction in marketing and operating costs. We have been able to reduce our primary operating expense of advertising and promotion, both in gross dollar terms and as a percent of sales, from 61% to 53% of sales. Other operating expenses held constant at 26% of sales. Significant reductions in expenses will occur going forward as we start driving the business to positive cashflow rather than building revenues at the expense of profits. Net losses for the quarter declined marginally from $4.83 million to $4.79 million and were reduced as a percentage of sales from 86.4% to 76.2%. The company's balance sheet reflects the closing of three equity financings in the third quarter, with investors from Canada, the U.S. and Europe. These financings, from new distribution partner, Rogers Media Inc., from Bid.Com's supply chain, and from financial institutions, provided more than $13 million in gross proceeds to Bid.Com. The net effect is an increase in current assets from $2.6 million to $11.4 million, and an improvement in the company's working capital position by $7.7 million from the previous quarter. ====================================== "NEWS" ASSETS CURRENT Cash and short term Investments -1998-$9,090,245-1997 $396,154 Accounts receivable------------------- 283,893--------179,918 Inventory for resale-------------------- 216,100 --------34,800 Deposits and prepaid expenses--------- 1,822,552 -------424,122 ============================================================== --------------------------------'98 11,412,790.. ..'97 .1,034,994 BIG NEWS Ain't no driftin' gonna happen with these numbers!!!! Thousand percent increase in revenues!!! ======================================= Call your broker to place trades on Toronto's Exchange ================= Links: for quote in canadian dollars $3.91 CAN = $2.54 US quote.yahoo.com =============================== for dd see: geocities.com ================================== for bid.com site: bid.com ===================================== for Sedar listing: Segar search (Canadian version of Edgar) PDF. format (requires Adobe Acrobat) sedar.com

To: David Sirk who wrote (31585)	12/3/1998 10:27:00 AM
From: C. McD	Read Replies (1) \| Respond to of 34592

BANY is a soon to be widely discovered Anything Internet IPO backdoor, I couldn't get UBID or TMSC from WIT, but I am playing BANY/Anything Internet. I played TSQD's 19% ownership of the DRIV IPO in August. The important thing is to get in well before everyone else. Another internet IPO relationship to consider is BANY/Anything Internet. I got in at $.51 a few days ago, but there appears to be alot of running room ahead. These were my first impressions on the similarities/differences between TSQD/DRIV and BANY/Anything Internet IPO: I spent an hour or so reading over the recent BANY PRs, and I found that it has alot in common w/ TSQD/MALL/USAI (as a backdoor to an internet IPO), and some differences, both good and bad: BANY bought 33% of the 3,000,000 Anything Internet shares expected to be available in an IPO in the next couple weeks (final papers to be submitted to NASD early next week, should allow IPO to go within a couple weeks after that). BANY obtained the shares through a creative stock swap, unlike TSQD which had inside connections with DRIV. BANY does have a working relationship with AI, who sells BANY's product (Double Shell computer cases) on the internet. AI will be a BB:OTC IPO, which means it will simply begin trading at a MM established price, the only share owners are insiders and BANY dividend holders. BANY business is less flashy than AI (like TSQD), but appears to be turning around, expects to have a great 4Q. Recent deal to sell cases for Dell portables and to sell over Ingram Micro (heavy hitter) seem legit. They are in the process of filing all their SEC statements and making audit records for last two years available. Genuinely seem interested in growing, not just hyping. Apparently they fell victim to an illegal short selling operation awhile back that ran their price down. They won a recent court case related to that matter which may be providing additional momentum right now. BANY has 9,173,199 shares, and they will give 200,000 of their AI shares as a dividend to shareholders on record Nov. 3, ~1 share AI for every 45 shares of BANY - delivered on Dec. 7 (sorry we missed that one). Some who will receive the dividend are already talking about selling their shares prior to the IPO (mostly tongue-in-cheek). The remaining 800,000 shares will stay with BANY. BANY folks are saying their business has a value of $.50, but that is hard to prove. It has traded as low as $.15, and as everyone who follows TSQD knows, when a BB stock is being traded based on another stocks IPO, that IS its whole value. So, the 800K shares distributed over 9M BANY shares is a ratio of 0.0872 to the price AI trades at. TSQD has traded at about half the expected ratio (or less) as a risk-based discount factor, but we'll let BANY determine this on its own. The only thing I've seen on AI revenue is that they are making ~$300,000 per month. If you conservatively say they'll do that next year, with a modest growth factor, they could earn between $3.6M to perhaps $5 million (pure guess). Stocks similar to AI are assumed to be trading at ~12X next years earnings, so AI may price out as high as $14.40, but could start out at about half that ($7.2). BANY is presently .74 X .82 So, BANY could be (.0872*7.2)= $0.63 if the IPO goes flat, or $1.25 if things go as expected (which is an understatement). I kinda get the feeling people are beginning to jump on right now because AI has gotten good PR, and they expect it to take off like other internet IPOs. They story is a good one, lots of people getting interested, but if BANY gets above $1.5, I (personally) would equate that to TSQD = $7 - time to sell! Will any credible media sources pick BANY/AI up? If they do, with this small float, something explosive could happen. BANY has a huge risk/reward factor! Big rewards, big losses, in a heart beat. If TSQD/MALL/USAI weren't enough for you, you may want to check this one out. Apparently BANY has a long time loyal following who has toured the company in Colorado Springs, and interacts almost daily with the management and IR/PR guy (Sitra?). I expect some good analysis and valuating of AI over the next few weeks, check it out.