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


To: Ruyi who wrote (7011)1/22/1999 8:43:00 AM
From: Sili Investor  Read Replies (2) | Respond to of 37507
 
Doug,again you are showing your ignorance on Financial Statements. Liabilities are part of the Financial Statement, everyone (but you) knows that. If you think you might scare away the innocent investor who doesn't know the concepts of financial reporting, you may succeed.

However, just to balance the picture. The financial statement has $3.1M allocated to current LIABILITIES. Go back to school Dougie, learn how to read a financial statement.



To: Ruyi who wrote (7011)1/22/1999 9:23:00 AM
From: Mr. Forthright  Read Replies (3) | Respond to of 37507
 
Do you mean to say that their gross profit margin for the first 9 months was only 2.11% ? If the expense line remains the same (roughly $4.5 million per quarter or $18 million per year) and the gross profit margin remains the same that would mean a $900 million revenue break even point:

Revenue: $900 million

Gross Profit: $18.9 million

Expenses: $18 million

Net income: $900,000

What does that tell me? The issue investors have to focus on is: how will BII increase its gross profit margin? I am not suggesting that they can't, I'm sure they have a plan. What I am saying is that it is a key consideration.

Waldo, Kevin, chief, any idea?