interesting interesting interesting!!

My sis introduced me this web. It's rather new, launched less than a month.

I'm not sure if u guys have heard of it.

It's act' a online biding web. They are having all e BRAND NEW stuffs ranging from electronic items, branded bags, SPA vounchers etc etc for bids.

When my sister told me that I was like 'Oh another ebay huh'
(u know, e highest bid gets e item)

BUT hellno!!

I was SHOCKED when I saw e bid results!

HERE'S SOME EXAMPLES:

Louis Vuitton speedy 30 Handbag
Retail:$990.00
#07A0010
Purchased by Member ID: 18B3B2D1
SOLD AT $0.38

Sony PSP Slim
Retail:$299.00
#07A0047
Purchased by Member ID: 186E9350
SOLD AT $0.25

Apple iPod Classic 160GB
Retail:$598.00
#07A0049
Purchased by Member ID: 17670580
SOLD AT $0.25

AND ALOT MORE!!

Their strategy is that if e amt u bid has e least frequency amongst all e bids u'll get e item regardless of e valueu bid. (get me?)

all these stuffs sold at few cents only!! how could it be? am I dreaming?

Then how did these ppl earn their money? aint they making losses?

In e end I analysed that they act' earn lots of money. Bcos each time u bid u have to pay a $2 fee. When many many ppl bid for e item, e fees u earn is more than e expenses u use to get your goods.

Income more then expenses u will earn a profit. (sounds like POA damn.)

Interesting right!!! Smart money making scheme. But it's kinda risky if e response is no good u'll make a lost.

damn those lucky freaks who got their branded goods at a few cent only!!