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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Ruyi who wrote (6592)	2/6/1999 1:03:00 AM
From: The Osprey	Read Replies (1) \| Respond to of 18998

Excellent DD Doug.....NOT.

To: Ruyi who wrote (6592)	2/6/1999 1:18:00 AM
From: Mad2	Read Replies (2) \| Respond to of 18998

Doug you sound like your short. one thing your not giving value to is their web address www.bid.com is the best web address for a auction site. Take a look at IBUY being aquired by Compaq for 22omil. IBUY had 4 mil in sales for the 1st 9 mo's of 98 with losses of 19mil and neg book value. Compaq wants the URL. If you accept the future projections of e-comerce revenue (yr 2003 4 trillion, compared to 12-15 bil this year), someone who wanted the auction side could just buy bii and turn it into what they want.

To: Ruyi who wrote (6592)	2/7/1999 5:10:00 PM
From: Sili Investor	Read Replies (2) \| Respond to of 18998

In regards to Mr. Doug Mcleod's (aka GARBAGEMAN, aka SHORTIE) post regarding BII running out of money, I would like to point out the following errors: BII had over $6M at hand starting 1998. It is true, Doug's number of $2.177M was cash-on-hand as of Dec. 31, 1997. There was over $2.8M provided to them in early January, 1998 from financing done in 1997, this cash had been held in escrow. BII has donemore than $31M in financing in 1998, unlike what Mr. McLeod would have you believe. In summary, Mr. McLeod's numbers are off by more than $15M. He's just shorting and won't admit it!

To: Ruyi who wrote (6592)	2/7/1999 5:58:00 PM
From: Ruyi	Read Replies (1) \| Respond to of 18998

BII 3 equity financings CLOSED in 3rd qtr. Operative word CLOSED these are the 3 in total from Jan 98 to Sept. 98, does not obviously include the Nov 98 deal. The point being BII announced and as confirmed by IDIOT Investor three placements from JAN.98 to SEPT. 98 . BII statements states proceeds, as I stated not all CASH. If the earlier 98 offerings took to last qtr. to close it is possible NOV. offering still not closed as I have previously stated. The company's balance sheet reflects the closing of three equity financings United States and Europe provided more than $13-million in gross proceeds to Bid.Com. What it doesn't say is $6 mill. plus of gross proceeds is future advertising BII is receiving from Rogers, NOT CASH as payment on shares but rather promotion of BII on Rodgers. Excerp from BII 3rd qtr. filings 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.