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

To: Colin who wrote (11477)	3/13/1999 9:07:00 AM
From: RG	Read Replies (1) \| Respond to of 37507

Here is a message off of the Yahoo BII board. Someone called BII to ask a few important questions. These are the answers they got. Very interesting! >>>Answers From The Company by: Luckyspr 974 of 1079 The following is a list of questions we discussed: 1/Why were the Revenue figures ONLY slightly higher between 3rd and 4th quarter? 2/If the stock price stays at $6.00Can are we going to the Nasdaq National Board or not at all? 3/How many outstanding shares are there and what is the current float of shares? 4/Who are the Market Makers going to be for the Nasdaq listing if it's approved? 5/What will the share structure be with the three different exchanges (TSE, Dax, and Nasdaq)? ANSWERS FROM THE COMPANY BELOW: 1/They sacrificed some on Revenues for higher margins which they feel is better for the company. 2/They are going after the Q board listing Small Cap. They meet or exceed all the requirements. This is not the over the counter. 3/Outstanding shares are 50M and current float around 40M. 4/There will be 4 Market Makers (Household Names but could not disclose the information) 5/Shares are traded electronically so the full float is accessible by all three exchanges. We discussed a few other points: 1/Adam Adamou, an analyst with Taurus Capital Markets LTD: This analyst has never discussed Bid's business with management so in my opinion his sell recommendation is meaningless. 2/They are going to investigate who the analyst on Yahoo is and get back to me biz.yahoo.com. They had never agreed to a 0.72 loss and this was the first they heard of it. 3/ The only analyst that has talked to the company is Paven from Yorkton (not exactly sure on the spelling of the name). I hope this helps everyone. Instead of speculating call the company and get it from them. They are more than willing to answer your questions. IMHO this is an excellent company. -- Steve -------------------------------------------------------------------------------- Posted: Mar 11 1999 1:43PM EST as a reply to: Msg 970 by Luckyspr Replies: View Replies to this Message

To: Colin who wrote (11477)	3/13/1999 10:48:00 AM
From: GoNorth	Read Replies (1) \| Respond to of 37507

Colin, >>Do you know what the margin was in there first year of operation? GoNorth says: I'm not certain about their first year but I believe the 2nd and 3rd quarters were in the 2.5% range. >>As your business becomes refined and the need for capital investment is reduced, margins grow. GoNorth says: Gross margins are not tied to capital investment. In the retail industry Gross Margins are simply the difference between the cost of goods sold and the selling price of the goods expressed as a % of the cost of goods sold. >>As business grows, sales grow. GoNorth says: this goes without saying. Finally, as I said in a previous post, if you look at their burn rate and their 6% margin they've got to do a lot more sales per month before they are going to see black ink.