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

To: Ruyi who wrote (3913)	12/28/1998 12:26:00 AM
From: Rich Investor	Read Replies (3) \| Respond to of 37507

"it is quite apparent you lack a fundamental grasp of business principals" I don't think so. I have a BComm from the University of Toronto and a LL.B from UBC. What are your credentials? And your right, the author doesn't share my views because he is a US INTERNET ANALYST, who doesn't necessarily understand the way the Canadian market has responded so far to BII and Canadians' acceptance of online shopping. My comments were not meant to attack you personally or the concerns raised by the author, but merely to suggest there is a much bigger picture to look at beyond fundamentals and BUSINESS PRINCIPALS. Try not to take too much offence.

To: Ruyi who wrote (3913)	12/28/1998 10:52:00 AM
From: donkeyman	Read Replies (1) \| Respond to of 37507

Doug: That report that stated "if BID.COM is able to attract more customers to its web site (thereby increasing its margins) and continue to grow its revenues, BID.COM price could skyrocket". I'd say most E-commerce companies find themselves in the same situation. I was just reading Yahoo inc., Amazon.com.inc and E-Bay, three of the hottest internet stocks have a combined market capitalization of about US$53 billion. Amazon.com is the largest with expected sales of approx. US$1/2 billion in 1998. The total E-commerce sales in the U.S. is only US$13 billion in 1998. That figure is still staggering when you consider there was little or no E-Commerce sales 4 years ago. Most Canadians can't seem to grasp the idea that those who are buying those high-priced internet commerce stocks are not buying based on "WHERE WE ARE, BUT WHERE WE ARE GOING--THE FUTURE-". Leading American Internet experts claim by the year 2003 sales will be approx. US$1 TRILLION.!!! Let's hope BID.COM get's a bite of that US$1 Trillion. BID.COM currently has two major disadvantages. They are not on the NASDAQ and they are a Canadian company which most claim is 1 or 2 years behind the USA in this Business. Hopefully, BID.COM will overcome both these problems in the 1st. quarter of 1999. Keep in mind with the speed of the Internet 3 months is considered to be 1 Internet year.