I’m Watching Day 3 of 3 at WWAG’s Dubai Auction Via ‘WWA BidLive’
April 21st, 2009 at 9:56 pm Posted by The Dean
Right as I type this blog entry… WWAG is hosting another auction for construction equipment in Dubai, UAE.
With the advent of ‘WWA BidLive’, anyone in the world can place bids on construction equipment @ http://www.wwauctions.com. Due to the time change the Dubai auctions kick off at 1am EST and if anyone would like easy access to ‘WWA BidLive’ to check out their software platform contact me HERE or send an email to collegestock@gmail.com.
I’ll be watching the action via WWA Bidlive and I expect WWAG to generate gross auction proceeds of about $20-25M from this single 3-day auction.
WWAG earns about 10% commission on each item sold so unless something catastrophic happens…. WWAG should earn between $1-$2 million from this auction alone.
During 2009 WWAG will host 6 auctions from their physical auction site in Dubai, UAE so if you take a minute to work the numbers… its very easy to see why I believe WWAG is tremendously undervalued with a market cap of just $6 million.
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