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

To: Alastair McIntosh who wrote (25764)	4/25/1999 10:26:00 PM
From: GoNorth	Read Replies (2) \| Respond to of 37507

Alastair, Accounting seems like a funny profession to me. It always seems that the Accountants can make the numbers read whatever way mgmt wants. The GAAP rules seem to be such that there is considerable leeway in how to tread key elements like revenue, margins and profits.

To: Alastair McIntosh who wrote (25764)	4/25/1999 10:37:00 PM
From: Victor	Read Replies (1) \| Respond to of 37507

An important analogy. There have been discussion as to whether there have been any accounting improprieties. Is it right or wrong? Their auditors seem to think that it's ok as do some U.S. analysts. Others do not share the same sentiment. What is right? Let me used this analogy. Most of us have bought stocks on margin and or have taken out a loan to invest. If you have done so, bought a stock for $5 and sold it at a profit for $7, ignoring the commission what is your profit? How many would say $2 per share? Is this the right answer? If you are in Canada, what is your capital gain, $2 still? What about the interest that you had to pay? Doesn't it affect your true bottom line? Your answer to this should reflect your feelings on how you view this alleged accounting impropriety. Isn't selling at a loss on purpose to gain more customer traffic similar to the interest? It is a cost incurred so that you can realize the capital gain of $2 or the gross margin that BII reported. Think about it. Victor.