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**Kristijntje** · 12-02-2005, 10:04 PM,

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0001144204-05-037312.txt : 20051122

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20051122092321
ACCESSION NUMBER: 0001144204-05-037312
CONFORMED SUBMISSION TYPE: 10QSB
PUBLIC DOCUMENT COUNT: 5
CONFORMED PERIOD OF REPORT: 20050930
FILED AS OF DATE: 20051122
DATE AS OF CHANGE: 20051122

FILER:

COMPANY DATA:
COMPANY CONFORMED NAME: BIDVILLE INC
CENTRAL INDEX KEY: 0001081275
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 980224958
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231

FILING VALUES:
FORM TYPE: 10QSB
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-31477
FILM NUMBER: 051219885

BUSINESS ADDRESS:
STREET 1: 601 CLEVELAND STREET
STREET 2: SUITE 120
CITY: CLEARWATER
STATE: FL
ZIP: 33755
BUSINESS PHONE: 7274429669

MAIL ADDRESS:
STREET 1: 625 N FLAGLER DRIVE
STREET 2: SUITE 509
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33401

FORMER COMPANY:
FORMER CONFORMED NAME: AMERICAN RECREATIONAL ENTERPRISES INC
DATE OF NAME CHANGE: 20011003

FORMER COMPANY:
FORMER CONFORMED NAME: AMERICAN AMMUNITION INC
DATE OF NAME CHANGE: 20010905

FORMER COMPANY:
FORMER CONFORMED NAME: GREATESTESCAPES COM INC
DATE OF NAME CHANGE: 20000807

10QSB
1
v030113_10qsb.txt

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

Form 10-QSB

(Mark one)
|X| Quarterly Report Under Section 13 or 15(d) of the Securities Exchange Act
of 1934

For the quarterly period ended September 30, 2005

|_| Transition Report Under Section 13 or 15(d) of the Securities Exchange Act
of 1934

For the transition period from ______________ to _____________

Commission File Number: 000-31477

Bidville, Inc.
(Exact name of small business issuer as specified in its charter)

Nevada 98-0224958
---------------------- ----------------------
(State of incorporation) (IRS Employer ID Number)

601 Cleveland Street, Suite 120, Clearwater, Florida 33755
(Address of principal executive offices)

(727) 442-9669
(Issuer's telephone number)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. YES |X| NO |_|

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest practicable date: November 18, 2005: 41,762,137

Transitional Small Business Disclosure Format (check one): YES |_| NO |X|

Bidville, Inc.

Form 10-QSB for the Quarter ended September 30, 2005

Table of Contents

Part I - Financial Information F-1

Item 1 Financial Statements (Unaudited) F-1 - F-8

Item 2 Management's Discussion and Analysis or Plan of Operation 2

Item 3 Controls and Procedures 5

Part II - Other Information 6

Item 1 Legal Proceedings 6

Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 6

Item 3 Defaults Upon Senior Securities 7

Item 4 Submission of Matters to a Vote of Security Holders 7

Item 5 Other Information 7

Item 6 Exhibits and Reports on Form 8-K 8

Signatures 8

Part I

Item 1 - Financial Statements

BIDVILLE, INC.
Consolidated Balance Sheet
September 30, 2005
(Unaudited)

ASSETS

Current Assets
Cash $ 5,214
Accounts receivable - trade 66,252
Prepaid expenses 2,045
------------

Total Current Assets 73,511
------------

Property and equipment 115,339
Less accumulated depreciation 71,881
------------
Net property and equipment 43,458
------------

Other Assets
Domain name, software licenses, and certificates 140,147
Deposits and other 1,456
------------
Total other assets 141,603
------------

TOTAL ASSETS $ 258,572
============

LIABILITIES AND STOCKHOLDERS' (DEFICIT)

Current Liabilities
Accounts payable - trade $ 474,524
Net liabilities of discontinued operations 953,520
Notes payable 135,000
Notes payable - affiliate 147,717
Other accrued liabilities 392,898
------------
Total Current Liabilities 2,103,659
------------

Stockholders' (Deficit)
Preferred stock - $.001 par value
50,000,000 shares authorized
None issued and outstanding -
Common stock - $0.001 par value
200,000,000 shares authorized
41,762,137 shares issued and outstanding 41,762
Additional paid-in capital 47,153,747
Deferred compensation (369,000)
Accumulated (deficit) (48,671,596)
------------
Total stockholders' equity (deficit) (1,845,087)
------------

TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) $ 258,572
============

See accompanying notes to the financial statements.

F-1
BIDVILLE, INC.
Consolidated Statements of Operations
For the Three Months and Nine Months Ended September 30, 2005 and 2004
(Unaudited)

See accompanying notes to the financial statements.

F-2
BIDVILLE, INC.
Consolidated Statements of Cash Flows
For the Nine Months Ended September 30, 2005 and 2004
(Unaudited)

See accompanying notes to the financial statements.

**Kristijntje** · 12-02-2005, 10:05 PM,

F-3

BIDVILLE, INC.
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2005

NOTE A - BASIS OF PRESENTATION, ORGANIZATION AND DESCRIPTION OF BUSINESS

The accompanying unaudited consolidated financial statements have been prepared
in accordance with accounting principles generally accepted in the United States
of America ("GAAP") for interim financial information. They do not include all
of the information and footnotes required by GAAP for complete financial
statements. In the opinion of management, all adjustments (consisting only of
normal recurring adjustments) considered necessary for a fair presentation have
been included. The results of operations for the periods presented are not
necessarily indicative of the results to be expected for the full year. For
further information refer to the financial statements as of December 31, 2004,
included in the filing on Form 10-KSB.

NOTE B - BASIS OF REPORTING

The Company's financial statements are presented on a going concern basis, which
contemplates the realization of assets and satisfaction of liabilities in the
normal course of business.

The Company has experienced a significant loss from operations and has working
capital and stockholder deficits. For the period ended September 30, 2005 the
Company incurred a net loss of $2,033,242. In addition, the Company has working
capital and stockholder deficits of $2,030,148 and $1,845,087 at September 30,
2005.

The Company's ability to continue as a going concern is contingent upon its
ability to secure additional financing, increase ownership equity and attain
profitable operations. In addition, the Company's ability to continue as a going
concern must be considered in light of the problems, expenses and complications
frequently encountered in established markets and the competitive environment in
which the Company operates.

The Company is pursuing financing for its operations and seeking additional
investments. In addition, the Company is seeking to expand its revenue base by
adding new customers and increasing its advertising. Failure to secure such
financing or to raise additional equity capital and to expand its revenue base
may result in the Company depleting its available funds and not being able pay
its obligations.

The financial statements do not include any adjustments to reflect the possible
future effects on the recoverability and classification of assets or the amounts
and classification of liabilities that may result from the possible inability of
the Company to continue as a going concern.

NOTE C - PREPARATION OF FINANCIAL STATEMENTS

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those estimates.

The accompanying consolidated financial statements contain the accounts of
Bidville, Inc. and its wholly-owned subsidiaries - NoBidding, Inc. and 321Play,
Inc. All significant intercompany transactions have been eliminated.

NOTE D - RELATED PARTY TRANSACTIONS

During the period ended September 30, 2005, the Company paid or accrued the
following amounts to affiliated entities:

Management fees $ 135,000
--------
$ 135,000
=========

NOTE E - PROPERTY AND EQUIPMENT

Property and equipment consists of the following as of September 30, 2005:

Computer equipment $106,124
Office equipment 9,215
--------
115,339
Less Accumulated depreciation (71,881)
--------
Net property and equipment $ 43,458
========

F-4

NOTE F - CONVERTIBLE DEBENTURE AND PROMISSORY NOTES PAYABLE

Notes payable consist of convertible debentures aggregating $135,000 with
interest at 10% per annum due on December 31, 2005. The notes are convertible
into shares of the Company's common stock at $.50 per share. The Company has the
right to force conversion at $.50 per share should its stock price be above
$1.50 for 5 consecutive days. If the debentures are not converted the holders
will lose their right to convert.

Notes payable - affiliate consist of 10% notes due on December 31, 2005,
totaling $147,717. The notes are due on the earlier of December 31, 2005
(extendable by mutual consent in writing) or interest and principal is due
immediately upon receipt of funding proceeds. Subsequent to September 30, 2005,
the Company received funding and executed notes payable with the affiliate
totaling $20,563.

NOTE G - COMMON STOCK

On February 7, 2005, employee stock options totaling 736,666 were exercised at a
total exercise price of $737 and the corresponding shares of the Company's
common stock were issued to the employees.

On May 11, 2005, the Company issued 500,000 shares of its restricted common
stock to foreign individuals for a purchase price of $0.50 per share, or total
proceeds of $250,000.

On May 11, 2005, the Company issued 162,000 shares of its restricted common
stock to Alpenschlossl KG - d Stenger H. & Co. as compensation for a fulfilled
consulting agreement. These shares were valued at $50,220, which was equal to
the closing price of the Company's common stock on the date of the agreement.

On May 11, 2005, the Company issued 839,250 shares of its restricted common
stock to foreign individuals as compensation for a consulting agreement. These
shares were valued at $260,167, which was equal to the closing price of the
Company's common stock on the date of the agreement.

On August 8, 2005, the Company issued 500,000 shares of its restricted common
stock in accordance with a Marketing Agreement described in Note J. The shares
were valued at their fair market value of $200,000 and the value was recorded as
Deferred Compensation to be amortized over the term of the Agreement.

During September 2005, an officer exercised options to purchase 670,000 shares
of common stock for cash of $670.

In addition, the Company recorded amortization of $536,690 related to the
vesting of stock options and deferred compensation during the period ended
September 30, 2005.

During the periods covered by these financial statements the Company issued
shares of common stock and subordinated debentures without registration under
the Securities Act of 1933. Although the Company believes that the sales did not
involve a public offering of its securities and that the Company did comply with
the "safe harbor" exemptions from registration, if such exemptions were found
not to apply, this could have a material impact on the Company's financial
position and results of operations.

NOTE H - STOCK OPTIONS

Weighted average
price per share
----------------

Options outstanding at December 31, 2004 4,520,000 $1.22
Issued -- --
Exercised 1,406,666 .001
Expired/Terminated -- --
--------- ----
Options outstanding at September 30, 2005 3,113,334 $1.41
========= =====

The following table summarizes information about fixed-price stock options:

Outstanding at September 30, 2005

F-5

The Company currently has a stock incentive plan administered by the Board of
Directors. The plan provides for the issuance of up to 7,000,000 shares of
common stock.

NOTE I - STOCK WARRANTS

In conjunction with the December 2003 sale of an aggregate 4,410,000
shares of restricted, unregistered common stock pursuant to a Private
Placement Memorandum, the Company issued, to the Purchasers of the
Company's common stock, an aggregate 4,410,000 1/2 Warrants to purchase
the Company's common stock at a price of $1.00 per share for each full
Warrant. Due to the uncertainty of the ultimate exercise of these options,
no portion of the gross offering proceeds were allocated to the warrants.

Each warrant has a mandatory call feature, such that, when the closing bid
price of the Company's common stock exceeds $1.50 per share for ten
consecutive trading days, the Company has a right to call these Warrants
at a price of $1.00 per share, provided, however, that the Company may not
exercise the call feature unless a registration statement registering the
common stock purchasable upon exercise of the Warrants (Warrant Stock) has
been declared effective at least 20 trading days earlier and is effective
from the date of delivery of the call notice until 10 business days later.
The Company is contractually obligated to use all commercially reasonable
efforts to maintain the effectiveness of a registration statement
registering the Warrant Stock for one year after the call. If the Warrants
are not tendered to the Company within 10 business days following the date
the Company issues the call, the Warrants expire on the following calendar
day. Otherwise, the Warrants have no stated expiration date.

Warrants Warrants
originally outstanding at
issued September 30, 2005 Exercise price
---------- ----------------- --------------

2,205,000 2,205,000 $1.00 per share
========= =========

NOTE J - COMMITMENTS AND CONTINGENCIES

Consulting Agreements

On March 14, 2005, the Company executed a Consulting Agreement with St. James
Investment Group, Inc. (St, James), an entity operated by the Company's
Chairman, of West Palm Beach, Florida. This agreement is retroactively effective
beginning October 1, 2004 for a term of three (3) years that automatically
extends for an additional two (2) years and expires on October 1, 2009 unless
cancelled within 90 days of the expiration date of the initial term. The Company
engaged St. James to render advice and assistance with regard to strategic
transactions, planning, financing, public relations, and investor relations. As
compensation for such services, the Company will pay St. James a consulting fee
of $15,000 per month for the first twelve (12) months of the Agreement and a fee
of $20,000 for the final four (4) years of the term of the Agreement. Following
the first year of the Agreement, the Agreement may be terminated by the Company
prior to the end of the specified term by providing ninety (90) days written
notice and a payment equal to twelve months consulting fees. During the period
ended September 30, 2005, $135,000 was paid or accrued by the Company relating
to this Consulting Agreement.

On April 20, 2005 the Company entered into a Consulting Agreement with a foreign
individual ("Consultant") terminating upon the completion of financing totaling
$385,000 in the form of debt or equity. The Consultant was to act generally as a
professional business advisor to the Company in Europe and shall assist the
Company in establishing its business in Europe. As compensation for such
services, the Company issued 1,000,250 shares of the Company's common stock as
directed by the Consultant (see Note G) and a bonus of $48,125.

Financing Agreements

On May 9, 2005, the Company completed a Subscription Agreement and Warrant
Agreement (hereafter referred to collectively as "the Agreement") with Delmount
International Ltd. ("Delmount"), a corporation registered and located in
Tortola, British Virgin Islands. Under the terms to the Agreement, the Company
agreed to sell to Delmount, and Delmount has agreed to purchase 2,500 shares of
Series A Preferred stock ("Preferred Shares") at a purchase price of $1,000 per
Preferred Share or an aggregate purchase price of $2,500,000. Each Preferred
Share is convertible into 1,667 shares of common stock at a conversion price of
$0.60 and common stock purchase warrants to purchase shares of common stock. The
purchase of the Preferred Shares was to occur in ten separate closings of 250
shares each. The closings were scheduled for May 9, 2005, May 16, 2005, May 23,
2005, June 6, 2005, June 20, 2005, July 5, 2005, July 18, 2005, August 1, 2005,
August 15, 2005 and August 29, 2005. As of the date of this filing, the first
closing of May 9, 2005 has not occurred in its entirety as the Company has
received only $100,000 of the required $250,000. On the initial closing date,
the Company issued a warrant (the "Warrant") to Delmount to purchase up to
3,500,000 shares of our common stock. The Warrants have an exercise price of
$.60 per share and are exercisable until March 31, 2010. The exercise price of
the Warrant is subject to adjustment under certain circumstances and the Company
has the right to call the Warrants under certain circumstances. Delmount has the
right to exercise warrants to purchase 2,500,000 shares of our common stock
underlying the Warrant after it has purchased 2,500 shares of our Preferred
Stock for $2,500,000. The remaining 1,000,000 shares of common stock underlying
the Warrant will vest pro rata upon Delmount's exercise of its Option, as
described below.

F-6

If each of the 10 Closing Dates has occurred and Delmount has otherwise complied
with the terms of the Agreement, Delmount will have the option (the "Option") to
purchase an additional 1,000 Preferred Shares for $1,000 per share or an
aggregate purchase price of $1,000,000. The Option and its closing must occur
prior to the earlier of September 26, 2005, or 28 days after receiving notice
from the Securities and Exchange Commission that the registration statement
covering the resale of the shares of common stock underlying the Preferred
Shares and the Warrant Shares has been declared effective (see below). The
Agreement further provides that from the date of the Agreement until August 29,
2006, (provided Delmount is in full compliance with the terms of the Agreement
and all of the scheduled Closings have occurred) Delmount will have the right to
participate in up to 100% of any subsequent financing involving the Company's
common stock or common stock equivalents. The Agreement also contains a dilution
protection provision in which at any time after the Warrants to Delmount have
vested, should the Company issue shares of common stock, warrants or instruments
that are convertible into shares of common stock at a price per share below the
then current exercise price of the outstanding warrants, then the exercise price
of the vested warrants of Delmount will be adjusted to the price that the shares
or warrants or instruments that are convertible into common stock are issued. In
addition, the Company will issue additional warrants to Delomount according to a
formula specified in the Agreement.

As of the date of this filing, no closings have been completed and the Company
has received only $100,000 of the required $2,500,000. On August 8, 2005, the
Company, pursuant to provisions contained in the Agreement, placed Delmount in
formal default due to its failure to meet its obligations on the prescribed
closing dates. According to the provisions in the Agreement, Delmount had
fourteen calendar days thereon to satisfy the entire purchase price of
$2,500,000, or forfeit their rights to the Preferred Shares, Warrants, and
participation in Subsequent Financings. As of the date of this filing, the
fourteen calendar day default period expired without Delmount purchasing any
additional shares, however, the Company is presently in negotiations with
Delmount to reinstate the Agreement with the same or similar terms and different
closing dates. The eventual outcome of such negotiations is uncertain at this
time. The preferred shares due have not yet been issued.

On May 13, 2005, pursuant to this Financing Agreement, the Company amended its
Articles of Incorporation to create a series of Preferred Stock, "Series A
Convertible Preferred Stock." Under this amendment, the Company is authorized to
issue a total of 3,500 shares of Series A Preferred Stock. Each share of Series
A Preferred Stock has a par value of $.001 per share. The face amount will be
$1,000 per share. Each share of Series A Preferred Stock is convertible into
1,667 shares of the Company's common stock, $ 0.001 par value at a conversion
price of $0.60.

Marketing Agreement

On May 23, 2005, the Company entered into a marketing agreement with Global
Media Fund, LLC. This agreement runs for twenty consecutive months until
December 2006 and requires a monthly cash payment of $5,000 to begin no later
than June 1, 2005. Global Media Fund will provide advertising credits to the
Company to be used to place marketing presentations in newspapers and radio
nationwide. Additionally, the Company issued 500,000 shares of its Restricted
Common Stock (see Note G). As of September 30, 2005, the Company paid or accrued
$20,000 related to this Marketing Agreement and amortized $40,000 as non-cash
stock compensation.

Legal Proceedings

On June 17, 2005, a complaint was filed against the Company with the Superior
Court of the State of California, County of San Diego (Case No. GIC 849285) by
Golden Gate Investors, Inc. (GGI). GGI alleges that the Company entered into a
Securities Purchase Agreement with GGI on April 21, 2005 whereby the Company
agreed to sell a Convertible Debenture and a Warrant to Purchase Common Stock,
all for a purchase price of $400,000. The conversion provisions of the Debenture
and the exercise provisions of the Warrant would be correlated so that the
Debenture would be converted and the Warrant exercised in like proportions. In
total, the conversion of the Debenture and the exercise of the Warrant would
result in GGI purchasing Bidville common stock for up to $4,400,000 ($4,000,000
paid in cash and $400,000 of the Debenture principal converted).

GGI is seeking damages in excess of $750,000 with the exact amount to be
ascertained at trial based on the price of the Company's stock over the next
year. The Company contends that GGI did not purchase the Debenture. The Company
has responded to the complaint and intends to defend against this action. The
Company does not believe that this action will have a material effect upon our
operations; however, a negative judgment could have a materially adverse effect
on operations and financial condition.

**Kristijntje** · 12-02-2005, 10:06 PM,

Note K. INCOME TAXES

The Company accounts for income taxes under SFAS 109, which requires use of the
liability method. SFAS 109 provides that deferred tax assets and liabilities are
recorded based on the differences between the tax bases of assets and
liabilities and their carrying amounts for financial reporting purposes,
referred to as temporary differences. Deferred tax assets and liabilities at the
end of each period are determined using the currently enacted tax rates applied
to taxable income in the periods in which the deferred tax assets and
liabilities are expected to be settled or realized.

F-7

The provision for income taxes differs from the amount computed by applying the
statutory federal income tax rate to income before provision for income taxes.
The sources and tax effects of the differences are as follows:

Income tax provision at
the federal statutory rate 34 %
Effect of operating losses (34)%
---
-%
===

Note L. Subsequent Event

On November 2, 2005, a complaint was filed against the Company and St. James
Investment Group, Inc. (St, James), an entity operated by the Company's
Chairman, of West Palm Beach, Florida, and certain other related parties, in the
Circuit Court of the 15th Judicial Circuit, Palm Beach County, Florida by
Berthland Capital, Inc. and Masatatsu Tanaka (collectively "Plaintiffs").
Plaintiffs allege that a related party St. James entered into an Assignable
Convertible Note with Tanaka on or about January 5, 2004 whereby St. James
agreed to provide Tanaka with $324,000 worth of non-restricted free trading
shares of the Company's common stock. The Note was subsequently assigned by
Tanaka to Berthland Capital, Inc. and Berthland received a stock certificate for
200,000 shares of the Company valued at $70,000. Plaintiffs allege that they are
entitled to receive $324,000 in cash as well as $254,000 worth of non-restricted
free trading shares of the Company's common stock.

The Company contends that this transaction did not involve it and therefore the
Company should not be a party to the lawsuit. The Company intends to defend
against this action. The Company does not believe that this action will have a
material effect upon our operations; however, a negative judgment could have a
materially adverse effect on operations and financial condition.

F-8

Part I - Item 2

Management's Discussion and Analysis of Financial Condition and Results of
Operations

(1) Caution Regarding Forward-Looking Information

Certain statements contained in this quarterly filing, including, without
limitation, statements containing the words "believes", "anticipates", "expects"
and words of similar import, constitute forward-looking statements. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or achievements of
the Company, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements.

Such factors include, among others, the following: international, national and
local general economic and market conditions: demographic changes; the ability
of the Company to sustain, manage or forecast its growth; the ability of the
Company to successfully make and integrate acquisitions; raw material costs and
availability; new product development and introduction; existing government
regulations and changes in, or the failure to comply with, government
regulations; adverse publicity; competition; the loss of significant customers
or suppliers; fluctuations and difficulty in forecasting operating results;
changes in business strategy or development plans; business disruptions; the
ability to attract and retain qualified personnel; the ability to protect
technology; and other factors referenced in this and previous filings.

Given these uncertainties, readers of this Form 10-QSB and investors are
cautioned not to place undue reliance on such forward-looking statements. The
Company disclaims any obligation to update any such factors or to publicly
announce the result of any revisions to any of the forward-looking statements
contained herein to reflect future events or developments.

(2) General

Bidville, Inc. (formerly American Recreational Enterprises, Inc.) (Company or
Bidville) was incorporated on February 10, 1999 under the laws of the State of
Nevada. The Company was originally in the business of operating a multi media
travel related publishing enterprise. Currently, the Company acts as a holding
company for its wholly-owned subsidiary NoBidding, Inc.

NoBidding, Inc.(NoBidding) was incorporated on April 19, 1999, pursuant to the
laws of the State of New Jersey. NoBidding provides an online website-based
auction venue for third party buyers and sellers under the assumed name of
"Bidville.com".

Executive Operating and Financial Summary

Our management team regularly reviews operating metrics such as new members,
number of items sold, listings, site traffic and total value of merchandise sold
on our site, as well as other information such as new seller accounts.

In addition, we routinely monitor other sources of information, such as our
proprietary message boards. By examining and analyzing this data, we are able to
monitor our site, anticipate trends within the site as well as larger trends
within the online auction segment, and trends which affect our business segment.
Consequently, we are able to make changes as necessary in order to improve our
site and business and revenue models. We believe that understanding such
information and how both qualitative and quantitative information may change
over time is important to investors, analysts and other parties analyzing our
market opportunities and business results.

Our management also regularly reviews key financial information, such as net
revenues, as well as monitors revenue supportive activities such as customer
support, product development, marketing, merchandise changes in the types of
categories sellers use to list items on the website, information technology
performance and overall site functionality and operation. We believe that an
understanding of key financial information and how it changes over time is
important to investors, analysts and other parties analyzing our business
results and future market opportunities.

2

We have experienced a growth in net revenues derived from our Auction site
during the third quarter of 2005 as compared to the same period during 2004,
which resulted primarily from increased activity on our on-line Auction website
and the implementation of monthly Storefront Fees in November 2004. Net revenues
have been reduced by credits held by members who were grandfathered in from the
membership format, which was changed in February 2004. This is expected to
continue until the active grandfathered sellers use the remainder of the credits
they may presently have in their account. In order to further this growth and to
help us achieve our long-term objectives, we will continue to make investments
in our business and infrastructure. During the three months ended September 30,
2005, net auction revenues billed to members increased over 73% over the same
period during 2004.

The Company's plans to achieve growth in all aspects of business development and
to support short and long-term objectives have been realized through the
implementation of the "Bidville Express Loader", availing sellers a more
effective, user-friendly, and easy to utilize functionality to up-load bulk
quantity auction listings to the Company's website. In addition, the Company
officially launched its "Bidville Storefronts" in November 2004 to provide
sellers with a virtual warehouse to display merchandise in their own customized
storefront setting for sale at auction or in a fixed price format. Starting
January 1, 2005 the fees to open and operate a Bidville Store are either $5 or
$10 per month, depending upon storefront's visibility throughout the Bidville
website. The Company has also continued to develop affiliate relationships with
auction support and seller management providers. These activities will support
the Company in achieving its anticipated growth and business objectives by
providing more auction support options to the Company's community of buyers and
sellers.

We expect to increase our current plan to actively market and advertise our
auction services throughout the remainder of the 2005 fiscal year. In addition,
we intend to continue pursuing other suitable affiliate partnerships, marketing
relationships and acquisitions for the Company in the near future. Whenever
possible, consideration supporting such acquisitions shall be in the form of
Bidville common stock, so as to conserve cash. We believe these investments are
necessary to support the growth of our business. We will also work to expand
product development, site operations and our corporate and site infrastructures.

As of September 30, 2005, approximately 1.0% of our revenues were attributable
to transactions where a seller was located outside the United States. The
majority of those international transactions are made up of sellers located in
Canada (0.8% of total revenues), with the remainder (0.2% of total revenues)
attributable to sellers located in approximately 30 other countries. At present,
however, all fees incurred by sellers are payable in U.S. dollars, regardless of
where any seller is physically situated.

(3) Results of Operations, Liquidity and Capital Resources

Nine Months Ended September 30, 2005 and 2004

The Company reported a net loss of $(2,033,242), or $(0.05) per share, compared
with a net loss of $(5,891,005), or $(0.18) per share in the prior year. The
decreased loss per share for the nine-month period resulted primarily from
decreased non-cash stock compensation as discussed below. During the same
period, net revenues derived from the Company's on-line auction site grew over
90% to $97,362 during the period up from $51,056 in the prior year.

Quarters Ended September 30, 2005 and 2004

The Company reported a net loss of $(490,423), or $(0.01) per share, compared
with a net loss of $(1,478,138), or $(0.04) per share in the prior year. The
decreased loss per share for the three-month period resulted primarily from
decreased non-cash stock compensation as discussed below. During the same
period, net revenues derived from the Company's on-line auction site grew over
73% to $26,391 during the third quarter up from $15,200 in the prior year.

For the three months ended September 30, 2005, the Company recognized revenues
from two primary sources: 1) Enhancement Fees and Final Success Fees within the
Company's NoBidding, Inc. subsidiary through the "www.bidville.com" auction
website and 2)through Storefront fees associated with the Company's website.
Included in the net revenues of NoBidding, was the transitional effect of
credits issued to grandfathered members of approximately $10,171. All credits
issued to grandfathered members do not have expiration dates; however, the
unused credits existing at September 30, 2005 and subsequent thereto, are not
anticipated to have a material impact on the Company's financial statements in
future periods. As continued growth in new sellers' merchandise listings occurs,
the overall effect of grandfathered member credit usage is expected to have a
lesser impact on revenues. As a result of the new sellers purchasing
enhancements for their listed auctions without the benefit of applying unused
credits that have accumulated in their account, net revenues billed to members
will continue to increase. The addition in November 2004 of storefronts will
also continue to provide incremental revenues via monthly store fees as well as
additional enhancement and final success fees.

3

The Company continued its advertising efforts during the quarter ended September
30, 2005 to increase the Company's "www.bidville.com" auction website's
visibility and user volume. To increase user traffic on the bidville.com
website, attract new buyers and sellers, stimulate general and auction
activities, provide further support branding of Bidville.com with the Internet
user auction community at large and continue to bring diversification of
merchandise sold on the site through new seller listings management anticipates
that significant marketing expenditures will be required in future periods. The
anticipated marketing expenditures will also be directed specifically towards
our registered users through aggressive internal and "guerilla marketing"
programs to support continued growth of revenues and community based activities
conducted on the Company's website. In addition, relationships with qualified
marketing and public relations firms will be developed in support of the
Company's planned marketing initiatives over the next twelve months. These
programs will further support other planned marketing and advertising programs
that are associated with membership growth, branding, and reinforcing positional
recognition in the Internet e-commerce auction and fixed price marketplace.

Included in operating expenses for the three months ended September 30, 2005 is
$163,299 for non-cash stock compensation related to consulting compensation paid
in the form of common stock and the amortization of deferred compensation paid
in the form of common stock pursuant to consulting agreements as compared to
$483,500 for the three months ended September 30, 2004.

The Company's financial statements are presented on a going concern basis, which
contemplates the realization of assets and satisfaction of liabilities in the
normal course of business.

The Company has experienced a significant loss from operations as a result of
its investment necessary to achieve its operating plan, which is long-range in
nature. For the three months ended September 30, 2005, the Company incurred net
losses of $490,423 and has an accumulated deficit of $48,671,596 at September
30, 2005.

The Company's ability to continue as a going concern is contingent upon its
ability to attain profitable operations and secure financing. In addition, the
Company's ability to continue as a going concern must be considered in light of
the problems, expenses and complications frequently encountered by entrance into
established markets and the competitive environment in which the Company
operates.

The Company is pursuing additional equity financing for its operations and to
expand its operations. Failure to secure such financing or to raise additional
capital or borrow additional funds and/or expand its operations may result in
the Company not being able to continue in existence.

The financial statements do not include any adjustments to reflect the possible
future effects on the recoverability and classification of assets or the amounts
and classification of liabilities that may result from the possible inability of
the Company to continue as a going concern.

(4) Liquidity and Capital Resources

For the nine months ended September 30, 2005, the Company used cash in operating
activities of $(623,228), as compared to $(2,383,391) for the nine months ended
September 30, 2004. Additionally, we invested $23,997 in new computer hardware
and other equipment to support our bidville.com website and support our
operations during the nine months ended September 30, 2005. We also received
$147,717 in proceeds from notes payable from affiliates, $251,407 in proceeds
from the sale of or subscription for common shares and $100,000 from a
subscription for preferred shares during the nine months ended September 30,
2005, which was used for operating capital.

**Kristijntje** · 12-02-2005, 10:06 PM,

4

We have experienced a significant loss from operations. Our ability to continue
as a going concern is dependent on our ability to secure additional financing
and attain profitable operations. Additionally, our independent registered
public accounting firm has issued a going concern opinion on our audited
financial statements for the fiscal year ended December 31, 2004 since we have
experienced recurring net losses and at December 31, 2004, a working capital
deficiency.

On May 9, 2005, the Company completed a Subscription Agreement with Delmount
International Ltd. (see Note J to the attached Unaudited Financial Statements).
The Company reasonably expected to receive at least Two Million Five Hundred
Thousand Dollars ($2,500,000) in funding before August 29, 2005 from Delmount in
accordance with the Closing Schedule in the Agreement. As of the date of this
filing, no closings have been completed and the Company has received only
$100,000 of the required Two Million Five Hundred Thousand Dollars ($2,500,000).
The Company faces significant liquidity problems resultant from the failure of
Delmount to provide the funding pursuant to this Agreement. Based upon our
current cash position we do not have sufficient funds to conduct our operations.

In the event that we do not obtain adequate financing to complete our Plan of
Operations or if we do not adequately implement an alternative plan of
operations that enables us to conduct operations without having received
adequate financing, we may have to liquidate our business and undertake any or
all of the following actions:

o Sell or dispose of our assets, if any;
o Pay our liabilities in order of priority, if we have available cash to
pay such liabilities;
o If any cash remains after we satisfy amounts due to our creditors,
distribute any remaining cash to our shareholders in an amount equal
to the net market value of our net assets;
o File a Certificate of Dissolution with the State of Nevada to dissolve
our corporation and close our business;
o Make the appropriate filings with the Securities and Exchange
Commission so that we will no longer be required to file periodic and
other required reports with the Securities and Exchange Commission,
if, in fact, we are a reporting company at that time; and
o Make the appropriate filings with the National Association of Security
Dealers to effect a delisting of our common stock, if, in fact, our
common stock is trading on the Over-the-Counter Bulletin Board at that
time.

Based upon our current assets, however, we will not have the ability to
distribute any cash to our shareholders. If we have any liabilities that we are
unable to satisfy and we qualify for protection under the U.S. Bankruptcy Code,
we may voluntarily file for reorganization under Chapter 11 or liquidation under
Chapter 7. Our creditors may also file a Chapter 7 or Chapter 11 bankruptcy
action against us. If our creditors or we file for Chapter 7 or Chapter 11
bankruptcy, our creditors will take priority over our shareholders. If we fail
to file for bankruptcy under Chapter 7 or Chapter 11 and we have creditors, such
creditors may institute proceedings against us seeking forfeiture of our assets,
if any.

We do not know and cannot determine which, if any, of these actions we will be
forced to take. If any of these foregoing events occur, you could lose your
entire investment in our shares.

Item 3 - Controls and Procedures

As required by Rule 13a-15 under the Exchange Act, as of the date of the filing
of this report , the Company carried out an evaluation of the effectiveness of
the design and operation of the Company's disclosure controls and procedures.
This evaluation was carried out under the supervision and with the participation
of the Company's management, including the Company's Acting President/Chief
Executive Officer and Chief Financial Officer. Based upon that evaluation, the
Company's Acting President/Chief Executive Officer and Chief Financial Officer
concluded that the Company's disclosure controls and procedures are effective.
There have been no significant changes in the Company's internal controls or in
other factors, which could significantly affect internal controls subsequent to
the date the Company carried out its evaluation.

5

Disclosure controls and procedures are controls and other procedures that are
designed to ensure that information required to be disclosed in Company reports
filed or submitted under the Exchange Act is recorded, processed, summarized and
reported, within the time periods specified in the Securities and Exchange
Commission's rules and forms. Disclosure controls and procedures include,
without limitation, controls and procedures designed to ensure that information
required to be disclosed in Company reports filed under the Exchange Act is
accumulated and communicated to management, including the Company's Acting Chief
Executive Officer and Chief Financial Officer as appropriate, to allow timely
decisions regarding required disclosure.

Part II - Other Information

Item 1 - Legal Proceedings

On June 17, 2005, a complaint was filed against the Company with the Superior
Court of the State of California, County of San Diego (Case No. GIC 849285) by
Golden Gate Investors, Inc. (GGI). GGI alleges that the Company entered into a
Securities Purchase Agreement with GGI on April 21, 2005 whereby the Company
agreed to sell a Convertible Debenture and a Warrant to Purchase Common Stock,
all for a purchase price of $400,000. The conversion provisions of the Debenture
and the exercise provisions of the Warrant would be correlated so that the
Debenture would be converted and the Warrant exercised in like proportions. In
total, the conversion of the Debenture and the exercise of the Warrant would
result in GGI purchasing Bidville common stock for up to $4,400,000 ($4,000,000
paid in cash and $400,000 of the Debenture principal converted).

GGI is seeking damages in excess of $750,000 with the exact amount to be
ascertained at trial based on the price of the Company's stock over the next
year. The Company contends that GGI did not purchase the Debenture. The Company
has responded to the complaint and intends to defend against this action. We do
not believe that this action will have a material effect upon our operations;
however, a negative judgment against us could have a materially adverse effect
on our operations and financial condition.

On November 2, 2005, a complaint was filed against the Company and St. James
Investment Group, Inc. (St, James), an entity operated by the Company's
Chairman, of West Palm Beach, Florida, and certain other related parties, in the
Circuit Court of the 15th Judicial Circuit, Palm Beach County, Florida by
Berthland Capital, Inc. and Masatatsu Tanaka (collectively "Plaintiffs").
Plaintiffs allege that a related party St. James entered into an Assignable
Convertible Note with Tanaka on or about January 5, 2004 whereby St. James
agreed to provide Tanaka with $324,000 worth of non-restricted free trading
shares of the Company's common stock. The Note was subsequently assigned by
Tanaka to Berthland Capital, Inc. and Berthland received a stock certificate for
200,000 shares of the Company valued at $70,000. Plaintiffs allege that they are
entitled to receive $324,000 in cash as well as $254,000 worth of non-restricted
free trading shares of the Company's common stock.

The Company contends that this transaction did not involve it and therefore the
Company should not be a party to the lawsuit. The Company intends to defend
against this action. The Company does not believe that this action will have a
material effect upon our operations; however, a negative judgment could have a
materially adverse effect on operations and financial condition.

Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds

On February 7, 2005, employee stock options totaling 736,666 were exercised at a
total exercise price of $737 and the corresponding shares of the Company's
common stock were issued to the employees.

On May 11, 2005, the Company issued 500,000 shares of its restricted common
stock to foreign individuals for a purchase price of $0.50 per share, or total
proceeds of $250,000.

6

On May 11, 2005, the Company issued 162,000 shares of its restricted common
stock to Alpenschlossl KG - d Stenger H. & Co. as compensation for a fulfilled
consulting agreement. These shares were valued at $50,220, which was equal to
the closing price of the Company's common stock on the date of the agreement.

On May 11, 2005, the Company issued 839,250 shares of its restricted common
stock to foreign individuals as compensation for a fulfilled consulting
agreement. These shares were valued at $260,167, which was equal to the closing
price of the Company's common stock on the date of the agreement.

On August 8, 2005, the Company issued 500,000 shares of its restricted common
stock in accordance with a Marketing Agreement. The shares were valued at their
fair market value of $200,000 and the value was recorded as Deferred
Compensation to be amortized over the term of the Agreement.

During September 2005, an officer exercised options to purchase 670,000 shares
of common stock for cash of $670.

During the periods covered by these financial statements the Company issued
shares of common stock and subordinated debentures without registration under
the Securities Act of 1933. Although the Company believes that the sales did not
involve a public offering of its securities and that the Company did comply with
the "safe harbor" exemptions from registration, if such exemptions were found
not to apply, this could have a material impact on the Company's financial
position and results of operations.

Item 3 - Defaults on Senior Securities

None

Item 4 - Submission of Matters to a Vote of Security Holders

The Company has held no regularly scheduled, called or special meetings of
shareholders during the reporting period.

Item 5 - Other Information

On August 18, 2005, a Special Meeting of the Board of Directors of Bidville,
Inc. was held in which it was resolved that Malcolm C. Davenport, Markus
Elsasser, and Edward Orlando shall be appointed as three additional members of
the Board of Directors of the Company, effective upon the acceptance of such
appointment by all three Members named above (the "Effective Time") and that an
additional member would be appointed to the Board of Directors shortly
thereafter. It was further resolved that at the Effective Time, Gerald Parker,
Robert Pearce, Michael Palandro, and Stephen Gingrich would resign their
positions from the Board of Directors of the Company.

Subsequent to this meeting, one individual did not accept the position and the
changes to the Board of Directors of the Company were not implemented as
resolved.

On September 16, 2005, Stephen Gingrich resigned his position as a Member of the
Company's Board of Directors.

On September 21, 2005, Michael Palandro resigned his position as the Company's
Chief Executive Officer and his position as a Member of the Company's Board of
Directors.

7

Item 6 - Exhibits and Reports on Form 8-K

Exhibits

31.1 Certification pursuant to Section 302 of Sarbanes-Oxley Act of 2002
- Chief Executive Officer

31.2 Certification pursuant to Section 302 of Sarbanes-Oxley Act of 2002
- Chief Financial Officer

32.1 Certification pursuant to Section 906 of Sarbanes-Oxley Act of 2002
- Chief Executive Officer

32.2 Certification pursuant to Section 906 of Sarbanes-Oxley Act of 2002
- Chief Financial Officer

SIGNATURES

In accordance with the requirements of the Exchange Act, the Registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

Bidville, Inc.
-------------------------
(Registrant)

Dated: November 21, 2005

/s/ Gerald C. Parker
---------------------------------------
Gerald C. Parker, Chairman

/s/ Stephen C. Gingrich
---------------------------------------
Stephen C. Gingrich,
Chief Financial Officer

/s/ Robert W. Pearce
---------------------------------------
Robert W. Pearce,
Acting Secretary and Director

8

EX-31.1
2
v030113_ex31-1.txt

CERTIFICATIONS:

I, Gerald C. Parker, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Bidville, Inc.

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this report.

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this report.

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
exchange act rules 13a-15(e) and 15d- 15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this quarterly report is being prepared;

b) Designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our supervision,
to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and
procedures and presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures , as of the end of the
period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over
financial reporting that occurred during the registrant's most recent fiscal
quarter that has materially affected, or is reasonably likely to materially
affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation of internal control over financial reporting, to the
registrant's auditors and the audit committee of registrant's board of directors
(or persons performing the equivalent functions): a) All significant
deficiencies and material weaknesses in the design or operation of internal
control over financial reporting which are reasonably likely to adversely affect
the registrant's ability to record, process, summarize and report financial
information; and

b) Any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal control over
financial reporting.

Date: November 21, 2005

/s/ Gerald C. Parker
- -----------------------------------------------
Gerald C. Parker
Acting Chief Executive Officer (or equivalent thereof)

EX-31.2
3
v030113_ex31-2.txt

CERTIFICATIONS:

I, Stephen C. Gingrich, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Bidville, Inc.

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this report.

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this report.

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
exchange act rules 13a-15(e) and 15d- 15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this quarterly report is being prepared;

b) Designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our supervision,
to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and
procedures and presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures , as of the end of the
period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over
financial reporting that occurred during the registrant's most recent fiscal
quarter that has materially affected, or is reasonably likely to materially
affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation of internal control over financial reporting, to the
registrant's auditors and the audit committee of registrant's board of directors
(or persons performing the equivalent functions): a) All significant
deficiencies and material weaknesses in the design or operation of internal
control over financial reporting which are reasonably likely to adversely affect
the registrant's ability to record, process, summarize and report financial
information; and

b) Any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal control over
financial reporting.

Date: November 21, 2005

/s/ Stephen C. Gingrich
- -----------------------------------------------
Stephen C. Gingrich
Chief Financial Officer (or equivalent thereof)

EX-32.1
4
v030113_ex32-1.txt

CERTIFICATION PURSUANT TO
18 U.S.C. ss. 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Bidville, Inc. (the "Company") on
Form 10-QSB, as filed with the Securities and Exchange Commission on the date
hereof (the "Report"), I, Gerald C. Parker, Acting Chief Executive Officer of
the Company, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to
Section 906 of the Sarbanes- Oxley Act of 2002, that, to the best of my
knowledge and belief:

(1) the Report fully complies with the requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material
respects, the financial condition and result of operations of the Company.

/s/ Gerald C. Parker
- ------------------------------------------------
Gerald C. Parker
Acting Chief Executive Officer (or equivalent thereof)
November 21, 2005

EX-32.2
5
v030113_ex32-2.txt

CERTIFICATION PURSUANT TO
18 U.S.C. ss. 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Bidville, Inc. (the "Company") on
Form 10-QSB, as filed with the Securities and Exchange Commission on the date
hereof (the "Report"), I, Stephen C. Gingrich, Chief Financial Officer, (or
equivalent thereof) of the Company, certify, pursuant to 18 U.S.C. ss. 1350, as
adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002, that, to the
best of my knowledge and belief:

(1) the Report fully complies with the requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material
respects, the financial condition and result of operations of the Company.

/s/ Stephen C. Gingrich
- ------------------------------------------------
Stephen C. Gingrich
Chief Financial Officer (or equivalent there of)
November 21, 2005

A signed original of this written statement required by Section 906 has been
provided to Bidville, Inc. and will be retained by Bidville, Inc. and furnished
to the Securities and Exchange Commission or its staff upon request.

-----END PRIVACY-ENHANCED MESSAGE-----

bidvillesucks · 12-03-2005, 04:41 PM,

Revenue
Auction fees and charges - net $ 26,391
Net (loss) $ (490,423)

Total Current Assets 73,511
Total Current Liabilities 2,103,659

Total stockholders' equity (deficit) (1,845,087)

:chitfan:

jessie · 12-12-2005, 04:03 PM,

Quote:Net (loss) $ (490,423)

How did they spend $490,423?

bargainbloodhound · 12-12-2005, 06:31 PM,

[quote author=jessie link=topic=1535.msg5977#msg5977 date=1134403427]

Quote:Net (loss) $ (490,423)

How did they spend $490,423?
[/quote]

The same way they always do...on things besides the actual auction site (i.e. paying the directors and consultants). Here's 75% of their expenses:

Quote:General and administrative expenses 195,193
Non-cash stock compensation 163,299

They still have the "going concern" warning in the statement...unless they can find yet another investor.

I like this:

Quote:The Company's plans to achieve growth in all aspects of business development and
to support short and long-term objectives have been realized through the
implementation of the "Bidville Express Loader", availing sellers a more
effective, user-friendly, and easy to utilize functionality to up-load bulk
quantity auction listings to the Company's website.

What growth, and what does the Express Loader have to do with 3Q 2005 earnings? It was implemented in 2004 and there are fewer listings now then there were before it was introduced if I'm not mistaken.

bidvillesucks · 12-12-2005, 10:37 PM,

Quote:..unless they can find yet another investor.