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

To: ysell who wrote (25114)	4/23/1999 5:49:00 PM
From: ManKind	Read Replies (1) \| Respond to of 37507

Hello Everyone, Was a lurker for a very long time. I hold shares in BII and hope for the better. The market was unkind to BII due to all that's already known. BII has been growing and holds more content to its auction technology than most. That is the reason I bought into it. I do have my own thoughts and vision of the company. I would like to point out that Mr. Dagan and others have not influenced me any because I make my own decisions and would hope none would make decisions based solely on another's views. Thank You

To: ysell who wrote (25114)	4/23/1999 5:55:00 PM
From: Cameron	Read Replies (1) \| Respond to of 37507

As I've been saying for weeks... bid.com and uBid are very similar in terms of operations, revenue and margins. uBid might have 5 months on bid.com in terms of revenue but with bid.com's projected 1999 growth of over 100% (based on $50million annual revenue estimate) they'll catch up to them in no time. Remember that bid.com just went on-line in March/98. bid.com's margins have also caught up to uBids and I'm confident we'll see this in the Q1 numbers. A lot of this has to do with rapid expansion into categories with higher margins such as sports collectibles, jewelry, etc. vs. just computers and cheap consumer electronics, which is what they offered throughout most of 1998. They'll see continued improvements in this area. eBay, which some people use as a basis of comparison, is really just a consignment reseller. Basically an electronic garage sale.. rather than a retailer. They earn their revenues as a % of the gross sales and thus report revenue differently . Given this they really aren't an appropriate comparison. uBid and bid.com both report revenue in the same manner making the comparison an easy one. In terms of potential growth, bid.com has its Dutch Auction patent, its international strategy and its business to business model ready to execute. Without going into all the details, if you add these into the picture you'll see that bid.coms clearly has an opportunity for explosive growth when compared to uBid. As I've been saying, at current share prices, and applying the same valuation methods to bid.com as people apply to uBid, this sucker really is a bargain and was a bargain even at $32.00 Canadian. Godin knew this and that's why the move to NASDAQ. I think Canadians are good investors (I am one) but we don't have any experience with valuing potential for internet retail companies. It is that simple. Once US investors have a chance to do their own DD, which they'll be doing this weekend after the explosive volume we've seen, there is no doubt in my mind that this one is going to take off.