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

To: GoNorth who wrote (25486)	4/24/1999 11:18:00 PM
From: Zima	Read Replies (2) \| Respond to of 37507

"HEY EVERYONE! I was just thinking about the unusual way (at least for retail companies) BII accounts for the sale of goods below cost" NOT AGAIN, You bored us yesterday with this.

To: GoNorth who wrote (25486)	4/25/1999 9:47:00 AM
From: PJ	Read Replies (2) \| Respond to of 37507

GN: Its good that you are bringing out this point about classification of costs; it deserves to be addressed. However, I am not as concerned with the classification issue in this instance as you are, for several reasons: 1) Management was forthright in explaining the accounting method, 2) Accounting firms agree with the logic, 3) It doesn't change total costs, ot total revenues, net income, 4) I can adjust the statements on my own to make a comparison, 5) Our job here is to determine, after some time has elapsed, whether managements methodology has merit. That is, if over the next two quarters, we see the discount amount being reduced, WE know that management hasn't been feeding us moonbeams. IF after a reasonable time has elapsed and BIDCOM continues to build volume BUT does it at reduced margins, THEN we have to discuss the business plan. 6) As long as we understand where the costs are and what they are, we can understand the statements.