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

To: Pluvia who wrote (26939)	4/27/1999 1:19:00 PM
From: Sili Investor	Respond to of 37507

I'm so glad you are here....it means one thing..the stock is going up more!

To: Pluvia who wrote (26939)	4/27/1999 1:20:00 PM
From: kennbill	Respond to of 37507

hmmm.. sounds like AOL last year.. LOL

To: Pluvia who wrote (26939)	4/27/1999 1:20:00 PM
From: Sulayman	Respond to of 37507

volume picking up very nicely.

To: Pluvia who wrote (26939)	4/27/1999 1:25:00 PM
From: Lola	Respond to of 37507

3. Insignificant Working Capital? Yeah if you're Bill Gates! You better update the bankbook. Some of your other points were good though. Lola:)

To: Pluvia who wrote (26939)	4/27/1999 1:27:00 PM
From: Rajiv	Respond to of 37507

BIDS has a larger market cap than EGGS, ONSL and UBID. Regards. Rajiv

To: Pluvia who wrote (26939)	4/27/1999 1:30:00 PM
From: WhatsUpWithThat	Read Replies (2) \| Respond to of 37507

We've been over this before. BIDS sells the products directly to consumers. EBay has a different business model: it sells items, in effect, on commission, so it reports the commission. It never takes possession of the goods, legal or physical. Naturally it will report revenues not based on the value of the goods transacted through its site. BIDS reports gross revenue based on what it sells (ie. a computer it sells for $1000 is worth $1000 gross revenue). Explain to me how that's different from any other business, retail or not. Look back on this thread and you'll find excellent rebuttals for all your points. WUWT

To: Pluvia who wrote (26939)	4/27/1999 1:36:00 PM
From: donkeyman	Read Replies (1) \| Respond to of 37507

Pluvia, if BID.COM had 3 times more shares than EBAY and down the road they had the same revenue and profits as Ebay do you think they would reach 1/3 of that EBAY Cdn$1000.00/sh (not including 3 to 1 split). Cdn$27.00/sh to Cdn$1000.00/sh not bad in 6 or 7 months work for EBAY.!!! If BID COM's patent and 2 major business models plus 370 million Europeans soon to jump in, not to mention Live motion Auction introduction today, do you think they might hit 10% of EBAY's share value.??? What about 5%.??

To: Pluvia who wrote (26939)	4/27/1999 1:48:00 PM
From: Crazy Canuck	Read Replies (3) \| Respond to of 37507

Steve, I would like to edit you header to read . . . BIDS - **STRONG BUY Rec* I suggest that everyone should ensure that they do their homework and remember that Pluvia says he "Loves to Short Stocks". There is much more to the story, and it is not being presented here. For example . . . - The company will be "cash flow positive in 1999". - As a member of the TSE 300, the index funds have had to add a representative amount of their shares to their portfolio - this reduces the available amount of shares for trading. - The company has a significant cash balance to draw from. - Their revenues have been scrutinized by the best in the business - Goldman etc. and they have signed on as their MM. Some of the other things that Pluvia has not told you is that . . . - Bid.Com has six different revenue streams in their business plan. This is why they feel that they do not have to only rely on the auction format as their sole source of income. - The have spent over 2 years building the infrastructure to open for business in Europe. - Their interactive TV auction format is in the final stages of development (This will bring their business way beyond the limitations of the Internet) - There is only two main ways to conduct auctions - ascending and descending - and Bid.Com has the patent on the declining format. Any Auction company (on the Internet) using the declining format will have to pay them a fee or stop doing this. I could go on, and on, however you all should do your own DD, and don't let anyone - Pluvia or Myself - influence your decisions based on snippets of information that he or I have put into the context that we want you to see. I have been following this company closely for over 1/2 a year, and I believe in their business plan, and where it will take them. That said, you might want to try these sites to do some further research . . . geocities.com tiger-usa.com Crazy Canuk

To: Pluvia who wrote (26939)	4/27/1999 1:57:00 PM
From: mccowaner	Read Replies (3) \| Respond to of 37507

Re your statement.. "Revenues for BIDS are reported based on the gross value of a product that is sold via their auction site. For example, they sell a camcorder for $1000., then show a profit of $1000. " If your were familiar with retail accounting your would understand that this is the correct way to keep your books.... because in the cost of goods column you enter the cost of the item. At the end of the month your total each column and see if you have a net profit. Simple arithmetic.... nothing unusual or difficult to understand. Your partial statement is misleading to those who are not familiar with accounting practices. Was that intentional??

To: Pluvia who wrote (26939)	4/27/1999 2:01:00 PM
From: Cameron	Read Replies (1) \| Respond to of 37507

* STRONG SELL/SHORT SELL REC - NOT!!! *** Oh brother... here we go again. If you are a retail operation, that is how you account for revenue. You sell a camcorder for $100 that had a wholesale cost of $90.00. Your report revenue of $100, cost of goods as $90 and gross profit of $10.00 resulting in a gross profit margin of 10%. This is the way it is supposed to be done. This is the way every retailer in North America handles their reporting. You indicate that the company has significant ongoing losses. They only went on line last spring. Give me a break!!! Can you spell S-T-A-R-T U-P???? You indicate that bid.com's gross margin is only 3%. If you look at the year end results, in fact it was 3.6%. For the majority of 1998 they sold computer equipment which does have a relatively low gross margin. Over the course of the year however they expanded the number of categories they carry significantly and if you review the Q4 results you will note that in only 3 quarters of operation they had increased their gross profit to 7%. As they continue to add higher margin categories (such as hockey trading cards) they will continue to experience GP improvements. Again, I would recommend that anyone wishing to go to the trouble do a line by line comparison to uBid. The operation of the two firms is relatively comparable and as such they account for revenue, cost of goods, etc. in a similar manner. As you will see, uBid is probably about 5 months ahead of bid.com in terms of timing but there is not doubt that bid.com is rapidly catching up - dutch auction, business to business model, international scope, etc. The company is publicly on record for a 1999 revenue target of $50million... over 100% revenue growth vs. 1998. Furthermore, if you compare the %GP, you will note that bid.com is now very close to uBid (8%) and with the new categories will likely surpass them in this area as well. In terms of working capital, the firm is a cash based business. Cash based businesses are almost licenses to print money. Working capital will increase in direct proportion to revenue. This should not be an area of concern at all. The size of the float is only relevant in the context of the future growth potential. Earnings potential per share is actually a relevant figure and there are many publications which highlight the potential size of internet retail revenue/earnings. bid.com does have a larger float than uBid... but if you believe their long term potential is greater than uBids this offsets the larger float. This is a call you will have to make on your own. You should note that bizrate.com currently rates the uBid and bid.com sites at parity prior to the implementation of the dutch auction, streaming video and audio and major category expansion, which would indicate greater upside. Enough said... everyone should do their own DD.