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To: Sojourner Smith who wrote (42)1/5/1999 6:46:00 PM
From: Pluvia  Respond to of 126
 
<<<My beef is I hate people who trash talk a stock to make money.>>>

Trash talk? Huh???

I guess looking at the company's past via their own SEC filing is now considered "trash talk"? I think what happened to this stock today is someone actually read the 10Q and puked...

The talk was of trash - and the trash was the company's business plan and historical financial performance. That and the fact that they included "barter" as revenue. Barter Revenue ROFL!!! What a con job IMO. Without that "hocus pocus" 'barter revenue' last Q, BIGE sales were way down from the previous year.

This company has been a loser from day one. The ONLY people making money are the husband and wife team running this show, paying themselves HUGE salaries... It's really disgusting if you want to know how I feel about it.

They screw up, lose all the shareholders money with their hokey amateurish business plan - and then pay themselves like they're doing a great job. Sickening - they should be ashamed of themselves...

The products they sell are not selling well enough for them to become profitable - and I don't think they ever will. Their original plan was to sell via kiosks and inline malls. FLOP. Complete failure.

No wonder, they sell nothing anyone would want. Go look at the amateur website and their ridiculous product line. bige.com I could start a friggin website tomorrow and resell electronic equipment and make more sales than these guys selling this crap.

But worst of all - and this is going to hit the stock with a big fat bang - is the FACT that revenues are going to drop to just about zero as they shut down their remaining retail outlets. They produced revenue from those outlets - and piles of losses. But without the retail stores their revenue will fall to the level that will suggest a price for this stock in the sub $1 category.

This stock rode the other internut fad stocks up, expect it to fall just as fast.

BUYER BEWARE. You could lose 90% of your investment if you hold this stock... Look at what you own and you will understand why.

All comments IMO

Cheers Steve



To: Sojourner Smith who wrote (42)1/5/1999 6:49:00 PM
From: Pluvia  Read Replies (1) | Respond to of 126
 
Sojourner Smith,

please show explain to us how these things are trash... Thanks

************************************8
BIGE Strong Sell Short Sell Rec...

~ BIGE is losing money hand over fist,
~ BIGE must sell stock to keep afloat,
~ BIGE made their revenue look better than it really was last Q - (by almost 20%), by adding "barter" income (which is not income at all), to their revenue figure. Without the barter income their revenues are going down - not up.
~ BIGE was selling via mall kiosks and inline stores. They have lost money just about every Q and product sales have dropped - a complete failure of their business plan.
~ BIGE decided to close their retail biz and focus on the Internet which is going to cut their revenues down to just about nothing.
~ BIGE products (go to their website and look at their products), look like pure junk to me. I don't see anyone buying their crap.

BIGE must sell more stock - practically every Q to stay alive, expect major ongoing dilution - and with their product line, this company will eventual go to zero....

All Comments Are My Opinion Only - do your own research...

Cheers Steve




To: Sojourner Smith who wrote (42)1/5/1999 7:00:00 PM
From: Pluvia  Respond to of 126
 
Here are some of the details on the "barter" revenue BIGE includes in its total revenue numbers (Q3 10Q).

Obviously BIGE gets no money for this barter, so it could easily confuse shareholders into thinking that revenues had increased due to merchandise sales - when in reality sales were down.

Including this IMO bogus "barter" revenue made BIGE sales look like they had increased.

Hmmm do we have a Master Chef in the house?

"Net revenues include imputed income from running ABC video clips on the in-store television monitors in exchange for advertising air time on local ABC affiliate television stations. This imputed income amounted to $382,650 for Q3-98 and $1,282,650 for Y3-98, as compared to $175,000 for both Q3-97 and Y3-97 as the barter arrangement with ABC commenced during Q3-97. The Company records the estimated fair value of the air time received from the ABC affiliates as the
value of the revenues earned by playing the ABC video clips in its retail units."

All Comments In My Opinion

Cheers Steve