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

To: Serge Ladouceur who wrote (20567)	4/14/1999 11:00:00 PM
From: Stallion	Read Replies (3) \| Respond to of 37507

RELATIVE VALUATION ATTEMPT --> BIDS @ CDN$424.14 Assumed BII was somewhere in between EBAY and UBID Calculated each company's market capitalization at their 52 week high and low as follows: No. Shares Hi/Lo Mkt. Cap Hi/Lo UBID: 9,147,000 189/30 US$1.728mm/US$0.274mm EBAY: 120,817,000 195/161 US$25,559mm/US$19,681mm Take the average Mkt. Caps, or of the four numbers, and this should equal = US$11,310.50mm Assume this as BIDS Mkt. Cap. with 40mm shares outstanding, and the average price would be: US$282.76 CDN$424.14 -- using a $1.50 exchange rate Conclusion, when looking at the relative valuations of BII/BIDS to its NASDAQ counterparts, it is extremely undervalued. Seeing upwards of US$50.00 on the new listing remains an understatement. This stock will be going way higher in the long-run. Any comments or better calculations would be greatly appreciated. Regards, Stallion