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

To: Mike Perras who wrote (6450)	1/18/1999 1:26:00 PM
From: Austin S.	Read Replies (1) \| Respond to of 37507

Mike - obviously you're talking about "revenue" and not "making money" or profits. Bid.com had approximately 30 million in revenue in 1997 and is projected to have 50 - 60 million in revenue in 1999. Or at least that's my understanding. There is a big difference in revenue and profits/"making money."

To: Mike Perras who wrote (6450)	1/18/1999 2:02:00 PM
From: IdiotJed	Read Replies (2) \| Respond to of 37507

<<Bid.Com does actually make money .. 30 million in '97 & 60 million by the end of the 3rdQ of '98 .. small yes but growing it nicely.>> Here are the numbers for BII first 9 months of '98: REVENUE $ 13,712,527 COST OF GOODS SOLD 13,422,462 290,065 EXPENSES Advertising and promotion 8,901,837 Computing and communication fees 150,620 Depreciation and Amortization 135,702 Filing fees and investor relations261,134 Interest expense 5,316 Office and general 984,142 Professional fees 332,081 Salaries and consulting 1,651,368 Software development and expense 493,882 Travel and entertainment 249,691 13,165,773 NET LOSS FOR THE PERIOD $ (12,875,708) DEFICIT, BEGINNING OF PERIOD (8,971,079) DEFICIT, END OF PERIOD $ (21,846,787) LOSS PER SHARE $ (0.62) Due diligence is not only following what every dumb like me says on SI. Download the real numbers from SEDAR: sedar.com Far from 60 millions by the end of the third quarter. They had a loss of 12.9 millions on sales of 13.7 millions. They even sold under cost in 1997. They are selling at cost and will have to do so even more to face the competition. IdiotJed