UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB
                   QUARTERLY REPORTS OF SMALL BUSINESS ISSUERS

[X]      Quarterly  report  pursuant  section  13 or  15(d)  of  the  Securities
         Exchange Act of 1934 For the quarterly period ended September 30, 2000

[ ]      Transition  report  pursuant  section  13 or  15(d)  of the  Securities
         Exchange Act of 1934

                             Commission file number

                          e-Auction Global Trading Inc.
                          -----------------------------
        (Exact name of small business issuer as specified in its charter)

                                     Nevada
                                     ------
                          (State or other jurisdiction)

                                     Pending
                                     -------
                 (IRS Employer of incorporation or organization
                              Identification No.)

        220 King Street West, Suite 200 Toronto, Ontario, M5H 1K4 Canada.
        -----------------------------------------------------------------
                    (Address of principal executive offices)

                                  416-214-1587
                                  ------------
                           (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........

Check whether the  registrant  filed all  documents  and reports  required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by court. Yes......No....X....

Applicable  only to  corporate  issuers

As of November 10, 2000 there were 65,745,915 shares of the Registrant's  common
stock outstanding.

Transitional Small Business Disclosure Format (check one); Yes......No....X....


<PAGE>

                          E-AUCTION GLOBAL TRADING INC.

                                   FORM 10-QSB

                                      INDEX
<TABLE>
<CAPTION>

PART I.  FINANCIAL INFORMATION                                                                        PAGE
<S>  <C>                                                                                                 <C>
Item 1.  Financial Statements                                                                            3

     Consolidated Balance Sheet at September 30, 2000 and December 31, 1999                              4

     Consolidated  Statements of Operations and Deficit for the nine months ended September 30,          5
     2000 and 1999

     Consolidated  Statements  of Cash Flows for the nine months ended  September  30, 2000 and          6
     1999

     Notes to Consolidated Financial Statements                                                          7

Item 2.  Managements' Discussion and Analysis of Financial Condition and Results of Operations          14

Part II. Other Information                                                                              15

Item 1.  Legal Proceedings                                                                              15

Item 2.  Changes in Securities and Use of Proceeds                                                      15

Item 6.  Exhibits and Reports on Form 8-K                                                               16

SIGNATURES                                                                                              16
</TABLE>

<PAGE>


ITEM 1.  Financial Statements

                          E-AUCTION GLOBAL TRADING INC.

                             (A NEVADA CORPORATION)

                        CONSOLIDATED FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2000

                                   (UNAUDITED)

                                 (IN U.S. FUNDS)

                                       3
<PAGE>


                          E-AUCTION GLOBAL TRADING INC.
                             (A NEVADA CORPORATION)
                 CONSOLIDATED BALANCE SHEET - SEPTEMBER 30, 2000
                           (UNAUDITED, IN U.S. FUNDS)
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------

                                                                           SEPTEMBER 2000         DECEMBER 1999
                                                                                   $                   $

                                     ASSETS

CURRENT ASSETS
<S>                                                                                <C>                 <C>
      Cash and short-term deposits                                                 7,838,378           4,179,394
      Accounts receivable                                                          1,109,737                   -
      Inventory                                                                      279,560                   -
      Work in progress                                                                74,725                   -
      Prepaid expenses                                                                73,681                   -
      Demand loan receivable
                                                                                    749,668                    -
                                                                                  ----------         ----------
                                                                                  10,125,749           4,179,394

DEPOSITS ON ACQUISITION OF SCHELFHOUT                                                      -           1,000,000
DEPOSITS ON ACQUISITION OF KWATROBOX                                               1,062,125                   -
FIXED ASSETS                                                                         775,547              34,247

GOODWILL                                                                           6,178,159                   -
-----------------------------------------------------------------------------------------------------------------
                                                                                  18,141,580           5,213,641
-----------------------------------------------------------------------------------------------------------------

                                   LIABILITIES

CURRENT LIABILITIES
      Accounts payable and accruals                                                1,512,978             749,050
      Due to Ventures North Investment Partners                                        3,393             860,793
      Deferred revenue                                                               457,084             200,000
      Current portion of long-term debt                                               67,692                   -
      Shareholder loan                                                                     -           2,200,000
      Subscription receipts                                                                -           1,858,229
      Loan payable                                                                         -           2,000,000
                                                                                  ----------         ----------
                                                                                   2,041,148           7,868,072
CONTINGENCIES (NOTE 7)
LONG-TERM DEBT                                                                       225,934                   -
                                                                                  ----------
                                                                                   2,267,082                   -
REDEEMABLE COMMON STOCK                                                            3,636,364                   -
NON-CONTROLLING INTEREST                                                             667,262                   -
                              SHAREHOLDERS' EQUITY
SHARE CAPITAL                                                                          61,510                  1
ADDITIONAL PAID IN CAPITAL                                                         17,225,894                  -
CUMMULATIVE TRANSLATION ADJUSTMENT                                                     65,485                  -
DEFICIT                                                                           (5,782,017)        (2,654,432)
                                                                                  ----------         ----------
                                                                                   11,570,872        (2,654,431)
-----------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------
                                                                                   18,141,580          5,213,641
-----------------------------------------------------------------------------------------------------------------
</TABLE>

   THE ACCOMPANYING NOTES FORM AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

                                       4
<PAGE>

                          E-AUCTION GLOBAL TRADING INC.
                             (A NEVADA CORPORATION)
                CONSOLIDATED STATEMENT OF OPERATIONS AND DEFICIT
                  FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000
                           (UNAUDITED, IN U.S. FUNDS)
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------

                                                                      THREE MONTHS ENDED               NINE MONTHS ENDED
                                                                          SEPTEMBER 30,                      SEPTEMBER 30,
                                                                    2000                1999         2000              1999
                                                                     $                    $             $                $
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                  <C>                              <C>
REVENUE                                                              951,401                   -      2,931,321                  -
COST OF GOODS SOLD                                                   521,342                   -      1,803,393                  -
                                                                   ---------           ---------      ---------          ---------
GROSS MARGIN                                                         430,060                   -      1,127,928                  -

EXPENSES

     Consulting                                                      995,297             103,833      1,232,999            195,463
     Salaries and benefits                                           412,491             140,747      1,218,392            322,083
     Sales, general and administrative                               303,062           1,313,755        896,527          1,679,040
     Depreciation and amortization                                   413,141                   -      1,194,889                  -
     Interest income                                               (119,834)                   -      (173,441)                  -
     Tax expense                                                      56,571                   -         68,763                  -
                                                                   ---------           ---------      ---------          ---------
                                                                   2,060,728           1,558,335      4,438,129          2,196,586
                                                                   ---------           ---------      ---------          ---------

LOSS BEFORE NON-CONTROLLING INTEREST                             (1,630,668)         (1,558,335)    (3,310,201)        (2,196,586)
NON-CONTROLLING INTEREST                                              43,782                   -        182,616                  -
                                                                   ---------           ---------      ---------          ---------

NET LOSS                                                         (1,586,886)         (1,558,335)    (3,127,585)        (2,196,586)

Unrealized foreign exchange gain                                     65,485                   -         65,485                  -
Comprehensive loss                                               (1,521,401)                  -     (3,062,100)                 -

DEFICIT        beginning of period                               (4,195,131)            (638,251)    (2,654,432)                 -
-----------------------------------------------------------------------------------------------------------------------------------
DEFICIT        end of period                                     (5,782,017)         (2,196,586)    (5,782,017)        (2,196,586)
===================================================================================================================================
EARNINGS (LOSS) PER SHARE                                              (0.02)             (0.04)         (0.05)             (0.07)
===================================================================================================================================
</TABLE>

   THE ACCOMPANYING NOTES FORM AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

                                       5
<PAGE>

                          E-AUCTION GLOBAL TRADING INC.
                             (A NEVADA CORPORATION)
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                  FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000
                           (UNAUDITED, IN U.S. FUNDS)
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                     NINE MONTHS ENDED SEPTEMBER 30
                                                                                                       2000                 1999
                                                                                                        $                    $
-----------------------------------------------------------------------------------------------------------------------------------
CASH PROVIDED BY (USED FOR)
<S>                                                                                                   <C>                <C>
OPERATING ACTIVITIES
       Net loss                                                                                       (3,127,585)        (2,196,586)
       Add items not affecting cash
          Interest                                                                                         21,698                  -
          Depreciation and amortization                                                                 1,194,889                  -
          Non-controlling interest                                                                      (182,616)                  -
                                                                                               ------------------------------------
                                                                                                      (2,093,614)        (2,196,586)
       Net changes in non-cash operating accounts
          Accounts receivable                                                                         (1,109,738)                  -
          Inventory                                                                                     (279,559)                  -
          Work in progress                                                                               (74,725)                  -
          Prepaid expenses                                                                               (73,681)                  -
          Accounts payable                                                                                743,726          1,503,994
          Deferred revenue                                                                                257,084                  -
                                                                                               ------------------------------------
                                                                                                      (2,630,507)          1,503,994
                                                                                               ------------------------------------
FINANCING ACTIVITIES
       Due to related parties                                                                           (266,140)            726,901
       Issuance of share capital                                                                        9,876,217          1,000,000
       Long-term debt                                                                                     228,459                  -
       Non-controlling interest                                                                           849,878                  -
                                                                                               ------------------------------------
                                                                                                       10,688,414          1,726,901
                                                                                               ------------------------------------
INVESTING ACTIVITIES
       Purchase of fixed assets                                                                         (374,254)           (34,247)
       Purchase of Schelfhout                                                                         (3,000,000)        (1,000,000)
       Deposits on the acquisition of Kwatrobox                                                       (1,071,793)                  -
                                                                                               ------------------------------------
                                                                                                      (4,446,047)        (1,034,247)
                                                                                               ------------------------------------
INCREASE IN CASH                                                                                        3,611,860                 62
Effect of foreign exchange on cash                                                                         47,124                  -

CASH, beginning of period                                                                               4,179,394                  1
------------------------------------------------------------------------------------------------------------------------------------
CASH, end of period                                                                                     7,838,378                 63
===================================================================================================================================
</TABLE>

SUPPLEMENTAL CASH FLOW INFORMATION (NOTE 10).

   THE ACCOMPANYING NOTES FORM AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

                                       6
<PAGE>

                          E-AUCTION GLOBAL TRADING INC.
                             .(A NEVADA CORPORATION)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                  FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000
                           (UNAUDITED, IN U.S. FUNDS)

--------------------------------------------------------------------------------
1.     NATURE OF BUSINESS
--------------------------------------------------------------------------------

       The Company is an e-business  services  provider to perishable  commodity
       marketplaces.  Through  its  subsidiaries,  the Company is focused on the
       installation  and  maintenance of clock and cooling  systems for internet
       auction halls.  To date, the Company  continues to focus on  streamlining
       and increasing the  capabilities  of electronic  commerce  processing for
       internet auction halls.

       The Company's  continued  operations may be dependant upon its ability to
       obtain  financing  from other  sources and its ability to achieve  future
       profitability.  The accompanying  financial statements have been prepared
       on  the  basis  that  the  Company  will  continue  as a  going  concern.
       Accordingly,  they do not purport to give effect to adjustments,  if any,
       that may be necessary should the Company be unable to continue operations
       and  therefore,  be  required  to realize  its assets and  discharge  its
       liabilities  and  commitments  in  other  than  the  ordinary  course  of
       business.


--------------------------------------------------------------------------------
2.     ORGANIZATION AND BASIS OF PRESENTATION
--------------------------------------------------------------------------------

       a)    Reverse takeover

             Pursuant to a Share  Exchange  Agreement  dated  February 26, 1999,
             e-Auction Global Trading Inc. (formerly Kazari  International Inc.)
             ("Nevada"),  a Nevada  company,  acquired  100% of the  issued  and
             outstanding shares of e-Auction Global Trading Inc.,  ("Barbados"),
             a Barbados  company,  in exchange for  34,500,000  common shares of
             Nevada.  As a result of the  transaction,  control  of the  Company
             passed  to  Barbados.  Accordingly,  the  share  exchange  has been
             accounted for as a reverse takeover of Nevada by Barbados.

             Application  of  reverse   takeover   accounting   results  in  the
             following:

            i)  The consolidated financial statements of the combined entity are
                issued  under the name of the  legal  parent,  e-Auction  Global
                Trading  Inc.  (formerly  Kazari  International  Inc.),  but are
                considered a  continuation  of the  financial  statements of the
                legal subsidiary (Barbados).

            ii) As  Barbados  is  deemed  to  be  the  acquirer  for  accounting
                purposes,  its  assets  and  liabilities  are  included  in  the
                consolidated  financial  statements of the continuing  entity at
                their carrying value.

            iii)The  34,500,000  shares  issued are deemed to be issued on April
                30, 1998, the date of incorporation of Barbados.

       b)    Principles of consolidation

            The accompanying  financial  statements  consolidate the accounts of
            the Company and its wholly owned subsidiaries: Aucxis N.V. (formerly
            e-Auction   Belgium  N.V.),  and  their  wholly  owned   subsidiary;
            Schelfhout Computer Systemen N.V. and their 99% owned subsidiary SDL
            Invest N.V.;  e-Auction  Global  Trading Inc.  (Barbados)  and their
            wholly owned  subsidiary  Aucxis Corp.  (formerly  e-Auction  Global
            Trading Inc.  (Canada));  V-Wholesaler.com  B.V.  and the  Company's
            50.01% interest in e-Auction Australasia Limited.

                                       7
<PAGE>


--------------------------------------------------------------------------------
3.     SIGNIFICANT ACCOUNTING POLICIES
--------------------------------------------------------------------------------


a)       Foreign currency translation

         The Company's functional currencies are Euros,  Australian dollars, and
         U.S.  dollars;  and  its  reporting  currency  is in U.S.  dollars.  In
         accordance  with  SFAS  52  all  foreign   currency   transactions  are
         translated  using  the  exchange  rate  in  effect  at the  date of the
         transaction.  At each balance sheet date, recorded balances denominated
         in a currency  other than U.S.  dollars  are  adjusted  to reflect  the
         period end exchange rate.  Assets and  liabilities  of operations  with
         functional  currencies  other than United States dollars are translated
         at the exchange  rate  prevailing  at the balance  sheet date,  and the
         results of their  operations are  translated at average  exchange rates
         for the year. The resulting translation  adjustments are reflected in a
         component  of  shareholders'   equity  (deficit)  in  the  accompanying
         consolidated financial statements.

b)       Measurement uncertainty

         The  preparation of financial  statements in conformity  with generally
         accepted  accounting  principles  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.  Significant areas requiring
         the  use  of  management  estimates  relate  to  the  determination  of
         impairment   of  assets  and   useful   lives  for   depreciation   and
         amortization.  Financial  results as  determined by actual events could
         differ from those estimates.

c)       Financial instruments

         The  Company's  financial  instruments  consist  of  cash,  short  term
         deposits,  accounts  receivable,  accounts  payable,  financial  debts,
         short-term loan, and due to related  parties,  the fair market value of
         which  approximates  their carrying value, due to the short term nature
         and normal trade terms.

d)       Fixed assets

         Capital  assets  are  recorded  at the lower of cost  less  accumulated
         amortization and net realizable value.  Capital assets and goodwill are
         amortized from the date of acquisition and is provided at the following
         rates:

                  Buildings                   Straight-line over 20 years
                  Software                    Straight-line over 5 years
                  Furniture and fixtures      Straight-line over 5 to 15 years
                  Tools and equipment         Straight-line over 3 to 5 years
                  Vehicles                    Straight-line over 5 years
                  Goodwill                    Straight-line over 5 years

         The company  evaluates its long-lived  assets for  impairment  whenever
         events or changes in circumstances indicate that the carrying amount of
         such assets may not be recoverable.  Recoverability  of assets held and
         used is measured by a comparison of the carrying amount of any asset to
         future net cash flows  expected to be generated  by the asset.  If such
         assets are  considered to be impaired,  the impairment to be recognized
         is  measured  by the amount by which the  carrying  amount of the asset
         exceeds  the fair value of the  assets.  Assets to be  disposed  of are
         reported at the lower of the carrying amount or fair value,  less costs
         to sell.

e)       Related party transactions

         Related party transactions are recorded at their exchange amounts which
         approximate fair market value.

f)       Non-controlling interest

         Non-controlling  interest,  as stated on the balance sheet,  represents
         the carrying  value in the net assets of minority  shareholders  of the
         Company's  subsidiaries.  The balance is  increased or decreased by the
         minority  shareholders'  percentage  of the  subsidiaries'  earnings or
         losses during the period.

                                       8
<PAGE>

g)       Income taxes

              The  company  provides  for  income  taxes  under  the  asset  and
              liability method in accordance with SFAS No. 109,  "Accounting for
              Income  Taxes".  Under  this  method,   deferred  tax  assets  and
              liabilities  are  determined  based  on  differences  between  the
              financial   reporting   and  income  taxes  bases  of  assets  and
              liabilities  and are  measured  using  enacted tax rates and laws.
              Valuation  allowances are established,  when necessary,  to reduce
              deferred tax assets to the amounts expected to be realized.

h)       Revenue recognition

              The  Company  recognizes  revenue  from  license  fees  related to
              software sales upon the signing of the specific  agreement and the
              delivery of software to the purchaser. Royalties are recognized in
              the period it is earned.

              The Company follows the completed  contract method for recognizing
              revenues earned from clock and cooling systems  installation.  The
              application  is reasonable  given  majority of contracts are short
              term in nature.  Cost of sales  relating  to the clock and cooling
              systems  installation  include only costs directly  related to the
              specific  contracts.  Revenue  earned from  maintenance  contracts
              related to software  sales are recognized on a straight line basis
              over the life of the contract.

i)       Inventory and work in progress

              Raw materials and consumables  inventories are stated at the lower
              of cost or market with cost being  determined  using the  weighted
              average cost of inventory.  Obsolete or defective  inventories are
              reduced to net realizable  value.  Write-downs of inventories  are
              recorded on the basis of age and turnover of  inventory  according
              to the judgment of management.

              The work in progress  represents  only direct costs  including raw
materials and labour.


--------------------------------------------------------------------------------
  4.   ACQUISITION OF SHELFHOUT COMPUTER SYSTEMEN N.V.
--------------------------------------------------------------------------------

       On January 10, 2000,  the Company  completed  the purchase of 100% of the
       issued and outstanding shares of Schelfhout Computer Systemen N.V. (SCS),
       a Belgium  company which supplies  clocks and cooling  systems to auction
       houses.  The Company acquired the shares of SCS in exchange for 3,636,364
       common shares and cash of $4,000,000.  The common shares have been valued
       at $3,636,364,  based on their  estimated fair value at January 10, 2000.
       Fair value has been determined  based on the cash price paid for stock in
       a  contemporaneous  private  placement,  the put  feature  related to the
       shares issued to acquire SCS and the market price of the Company's  stock
       around the acquisition date.

       The following is a summary of the purchase:

      Consideration                                         7,636,364
      Less: net tangible assets of SCS                        369,205
                                                            ---------
                                                            7,267,159


       The net tangible  assets of SCS at January 10, 2000 are  comprised of the
       following:  cash of approximately $280,000; other working capital amounts
       of approximately $1.2 million;  capital assets of approximately  $300,00;
       current  liabilities of approximately  $1.24 million and loans payable of
       approximately $170,000.

       The purchase price of $7,636,364 was paid as follows:
<TABLE>
<CAPTION>

                                                                                     $
<S>                              <C>                                               <C>
      Refundable deposit paid in 1999                                              1,000,000
      Cash on closing (January 2000)                                               3,000,000
      Common shares at fair value issued on January, 2000 (3,636,364)              3,636,364
                                                                                   ---------
                                                                                   7,636,364
                                                                                   =========
</TABLE>

                                       9
<PAGE>

       The  3,636,364  common  shares issued are not free trading at the time of
       issue and are subject to a timed release formula which allows for release
       of 454,545  shares,  redeemable at $1.65 per share, on each of the 6, 12,
       18 and 24 month anniversary of the closing and 606,061 shares, redeemable
       at $1.65 per share, on each of the 36, 48 and 60 month anniversary of the
       closing.  If the  Company's  shares are not  freely  trading on any given
       release date the shares are to be redeemed at their  redemption  price of
       $1.65 per share. If the Company is required to repurchase  shares issued,
       additional goodwill will arise.

       As at November 10, 2000 the shares of the Company are not freely  trading
       and the Company has not  advanced the required sum of $750,000 in lieu of
       the release of 454,545 common shares per the purchase agreement.


--------------------------------------------------------------------------------
  5.   SHARE CAPITAL AND CONTRIBUTED SURPLUS
--------------------------------------------------------------------------------


       a)     Authorized - 250,000,000 common shares with a par value of $0.001
<TABLE>
<CAPTION>

                                                                                                      ADDITIONAL
                                                                 NUMBER OF                             PAID-IN             TOTAL
                                                                  SHARES                  $            CAPITAL $              $

<S>                           <C> <C>                               <C>                 <C>             <C>                    <C>
      b)     Balance December 31, 1998                              34,500,000          34,500          (34,499)               1
             Cancel outstanding shares                            (34,500,000)        (34,500)           34,499)             (1)
             Issue new shares                                       39,820,000          39,820          (39,819)               1
                                                             ------------------ --------------- ----------------- ---------------
             Balance December 31, 1999                              39,820,000          39,820          (39,819)               1
             Issued common stock (i)                                 7,625,916           7,626         3,654,734       3,662,360
             Issued on exchange of warrants (i)                      8,965,899           8,966         4,297,250       4,306,216
             Issued as commission (i)                                  327,878             328           163,611         163,939
             Issued as a financing fee (ii)                            197,219             197           999,803       1,000,000
             Schelfhout (`SCS') Acquisition (Note 4)                 3,636,364           3,636         3,632,728       3,636,364
             Deposits on acquisition of Kwatrobox (iii)              1,100,000           1,100         1,626,654       1,627,754
             Private placement, net of issue costs (iv)              4,072,639           4,073         7,410,927       7,415,000
                                                             ------------------ --------------- ----------------- ---------------
                                                                    65,745,915          65,746        21,745,888      21,811,634
             Less: redeemable portion for SCS acquisition          (3,636,364)         (3,636)       (3,632,728)     (3,636,364)
                       held in treasury (vi)                         (600,000)           (600)         (887,266)       (887,866)
                                                             ------------------ --------------- ----------------- ---------------

             Balance, September 30, 2000                            61,509,551          61,510        17,225,894      17,287,405
                                                                    ==========          ======        ==========      ==========
</TABLE>

(i)      On January 7, 2000,  through a private  placement,  the Company  issued
         7,625,916 common shares and 8,965,899 share purchase  warrants,  net of
         cash costs of $163,391 and an additional  327,878  common shares issued
         as a commission to an agent to the transaction.  The Company raised net
         cash  proceeds of $4,319,557  and issued  shares to five  companies who
         collectively settled Company debt with a face value of $3,812,958.  The
         8,965,899 share purchase warrants were immediately exchanged for common
         shares on a basis of one common share for each share purchase  warrant.
         The investors included a related party and four parties related to this
         party through common shareholdings.

(ii)     On August  13,  1999,  in  consideration  for a loan of $1  million  by
         Millennium  Advisors Inc. to  e-Auction,  Millennium  received  197,219
         common  shares of the Company  with a deemed value of  $1,000,000  as a
         financing and interest fee. These shares were issued in January 2000.

(iii)    During the period the Company  issued  1,100,000  shares in  connection
         with its acquisition of Kwatrobox.  500,000 of the shares were released
         to the vendors and the remaining  600,000 are held in treasury  subject
         to the  release  conditions.  An  additional  150,000  were issued upon
         closing on  November  1, 2000 and will be held in  treasury  subject to
         release conditions. (SEE NOTE 11)

                                       10
<PAGE>

(iv)     On June  22,  2000,  the  Company  completed  a  private  placement  of
         4,072,639 shares at $1.842 per share of common stock for proceeds,  net
         of costs of $85,000, of $7,415,000.

       d)    Stock options

             On March 1, 1999, and amended on March 13, 2000 the Company adopted
             a stock  option  plan  which  reserved  9,000,000  shares.  Vesting
             requirements  are  determined  by a Committee  when the options are
             granted.  No option may be exercisable after 10 years. The exercise
             price of an option  may not be less than the fair  market  value on
             the date of grant.
<TABLE>
<CAPTION>

                                                                              Options for          Exercise Price
                                                                             Common Shares          per Share $
<S>                       <C>                                                   <C>                       <C>
             Balance December 31, 1998                                                  -                    -
             Issued March 1, 1999                                               1,000,000                 0.01
             Issued August 29, 1999                                               250,000                 5.00
             Issued December 1, 1999                                            3,050,000                 0.85
                                                                     --------------------- --------------------
             Balance December 31, 1999                                          4,300,000                 0.90

             Cancelled during the year                                          (250,000)               (5.00)
             Cancelled during the year                                        (3,050,000)               (0.85)
             Issued August 24, 2000                                             6,388,000                $0.80
                                                                     --------------------- --------------------
             Balance September 30, 2000                                         7,388,000                 0.69
                                                                     --------------------- --------------------
</TABLE>

           The weighted  average grant date fair value of options granted during
the period is as follows:

             -  Exercise price equals fair market value                   $0.00
             -  Exercise price exceeds fair market value                  $0.69
             -  Exercise price less than fair market value                $0.00

           The  Company  has  not  recognized   compensation   expense  for  its
stock-based awards to employees.


--------------------------------------------------------------------------------
  6.   COMPARATIVE FIGURES
--------------------------------------------------------------------------------

       Comparative  figures for the  Consolidated  Statement of  Operations  and
       Deficit and the  Consolidated  Statement of Cash Flows are for the period
       from January 1, 1999 to September 30, 1999 and the  Consolidated  Balance
       Sheet as at  December  31,  1999 are of  e-Auction  Global  Trading  Inc.
       Certain of the comparative  figures have been  reclassified to conform to
       the current presentation.

--------------------------------------------------------------------------------
7.     CONTINGENCIES
--------------------------------------------------------------------------------


       a)  A shareholder  derivative  action was brought  against the Company on
           November 17, 1999 in the United  States  District  Court  against the
           Company,  its  subsidiaries,  two of its  directors and several other
           companies and individuals.

           The action alleges Sanga  International,  Inc.'s ("Sanga") reputation
           was  damaged  by the  Defendants  (i)  engaging  in  conversion  (ii)
           engaging in fraud (iii) interfering with Sanga's prospective business
           advantage (iv) breach of contract (v) violating California usury laws
           and (vi) breach of fiduciary duty.

           The plaintiff  claims the  defendants'  actions have not only damaged
           Sanga but also the plaintiff and the remaining  shareholders of Sanga
           by as much as $100 million dollars.

           The  Action  was  stayed on  November  29,  1999 as a result of Sanga
           filing for  Chapter 11  bankruptcy  protection  in the United  States
           Bankruptcy Court.

           There is no recognition of the contingent loss in the period.

                                       11
<PAGE>

       b)  On February 7, 2000 a second action was brought  against the Company,
           its subsidiaries,  two of its former directors, QFG Holdings Limited,
           Ventures North  International  Inc. and several other individuals and
           companies in the United States District Court.

           The  action  alleges  they  breached  their  fiduciary  duty  to  the
           plaintiff,  a shareholder of Sanga  International  Inc. The plaintiff
           claims  that the  defendants'  actions  have  damaged  the  plaintiff
           totaling several millions of dollars.

           Sanga International,  Inc. has filed a motion seeking to intervene in
           the  lawsuit  and is seeking to  substitute  itself as the real party
           plaintiff.

           Subsequent to quarter end, the California court dismissed the action.
           There is no recognition of the contingent loss in the period.


--------------------------------------------------------------------------------
8.     SEGMENTED INFORMATION
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>

                                                                                             INDUSTRY A, NORTH AMERICA
                                                                                            2000                      1999
                                                                                               $                         $
<S>                                                                                       <C>                      <C>
           Revenue outside the Company                                                              -                        -
           Segmented operating loss                                                       (1,848,888)              (2,196,586)
           Identifiable assets                                                              8,549,970                1,034,310
           Capital expenditure                                                                 68,671                        -
           Amortization                                                                             -                        -

                                                                                             INDUSTRY B, EUROPE
                                                                                            2000                      1999
                                                                                               $                         $

           Revenue outside the Company                                                      2,826,077                        -
           Segmented operating profit                                                     (1,056,320)                        -
           Identifiable assets                                                              9,056,248                        -
           Capital expenditure                                                                146,664                        -
           Amortization                                                                     1,190,589                        -


                                                                                             INDUSTRY C, AUSTRALIA
                                                                                            2000                      1999
                                                                                               $                         $

           Revenue outside the Company                                                        105,244                        -
           Segmented operating loss                                                         (355,459)                        -
           Identifiable assets                                                                535,363                        -
           Capital expenditure                                                                 77,121                        -
           Amortization                                                                         4,301                        -
</TABLE>

                                       12
<PAGE>
<TABLE>
<CAPTION>

                                                                                                        TOTAL
                                                                                            2000                      1999
                                                                                               $                         $
<S>                                                                                        <C>
           Revenue outside the Company                                                     2,931,321                         -
           Segmented operating loss                                                      (3,310,201)               (2,196,586)
           Identifiable assets                                                            18,141,580                 1,034,310
           Capital expenditure                                                               292,456                         -
           Amortization                                                                    1,194,889                         -
</TABLE>

       For the purpose of segmented  information  as presented  above,  goodwill
       arising  from  the  acquisitions  of  subsidiaries  are  included  in the
       identifiable assets of the geographic segments of the subsidiaries.

--------------------------------------------------------------------------------
9.     LOSS PER COMMON SHARE
--------------------------------------------------------------------------------

       The weighted  average  number of common shares used for  calculating  the
       basis loss per share is  61,703,137  (1999 -  32,616,703).  Fully diluted
       loss per share is not reported as it would be  antidilutive  for the nine
       months ended September 30, 2000 and 1999.

--------------------------------------------------------------------------------
10.    SUPPLEMENTAL NON-CASH INFORMATION
--------------------------------------------------------------------------------

       During the period the  Company  issued  3,636,364  common  shares  with a
       deemed  value  of  $3,636,364  in  connection  with  the  acquisition  of
       Schelfhout Computer Systemen N.V.

       The Company  issued 197,219 common shares with a fair value of $98,610 to
       Millennium  Advisors Inc. as payment of a financing and interest fee, and
       realized a gain on extinguishments of $901,390.

       The Company issued  8,026,456  common shares to a related party to settle
       various debts totaling $4,013,228 and issued 327,878 shares with a deemed
       value of $163,940 to pay commission on a private placement.

       The Company  issued 500,000 common shares with a deemed value of $739,884
       in connection with its investment in Kwatrobox B.V.

--------------------------------------------------------------------------------
  11.  SUBSEQUENT EVENTS
--------------------------------------------------------------------------------

  DEPOSITS ON THE ACQUISITION OF KWATROBOX B.V.

       On June 5, 2000 the Company  entered into a pledge  agreement to purchase
       100% of the issued and outstanding shares of Kwatrobox B.V. ("Kwatrobox")
       under the terms and conditions of the draft share purchase agreement. For
       the purpose of the payment schedule,  the parties agreed the closing date
       of the share purchase agreement is deemed to be June 5, 2000, however the
       purchase was not completed until November 1, 2000.

       In connection with the purchase agreement,  the Company agreed to pay the
       vendors  11,250,000  Dutch  Guilders  or  $4,828,500  based on an  agreed
       exchange rate of 0.292 at the June 5, 2000. The purchase price is payable
       in cash and common shares of the Company as follows:
<TABLE>
<CAPTION>

      Date                                       Dutch Guilders                            Common Shares

<S>        <C>                                      <C>                                    <C>
      June 5, 2000                                  750,000 (paid)                         500,000 (issued)
</TABLE>

                                       13
<PAGE>
<TABLE>
<CAPTION>

<S>        <C>                                   <C>                                       <C>
      June 5, 2001                               2,250,000                                 600,000
      June 5, 2002                               1,000,000                                 150,000
</TABLE>

       The amounts  paid and shares  issued at June 5, 2000 are  non-refundable.
       Additionally,  the  Company  is also  committed  to issuing up to 200,000
       common  shares to the vendors  subject to Kwatrobox  meeting  performance
       requirements  for a  three-year  period  commencing  June 5, 2000.  As at
       November 10, 2000 no shares have been issued as the requirements have not
       been met.
<TABLE>
<CAPTION>

                                                                      2000          1999
                                                                        $             $
                                                                      ----          ----

<S>                       <C>                                        <C>
      Cash issued to date (750,000 Dutch Guilders)                   322,241            -
      Shares issued to date (500,000)                                739,884            -
                                                                   ---------    ---------
                                                                   1,062,125            -
                                                                   ---------    ---------
      Funds lent to Kwatrobox, payable on demand                     749,668            -
                                                                   ---------    ---------
                                                                   1,811,793            -
                                                                   =========    =========
</TABLE>
At the time of preparation of these financial  statements  there is insufficient
information  available to determine the  allocation of the purchase price to the
assets and liabilities of Kwatrobox.


E-AUCTION AUSTRALASIA LIMITED

       On October 27, 2000 the shareholders of Hunter Capital Limited  (Hunter),
       a public company on the Australian Stock Exchange,  agreed to acquire the
       remaining  shares of  e-Auction  Australasia  Limited  (EAA)  through the
       issuance of Hunter  common  shares.  Prior to the  reverse  take over the
       Company owned 50.01% of EAA, after giving effect to the reverse  takeover
       of Hunter by EAA the Company has  50,100,447  shares of the total  issued
       capital of Hunter of  103,915,029  or 48.2%.  Subsequent  to the  reverse
       takeover  Hunter  changed  its name to Aucxis  Ltd.  and the new  trading
       symbol is AXL.

                                       14
<PAGE>


ITEM 2. Management's  Discussion  and  Analysis of  Financial  Condition  and
        ---------------------------------------------------------------------
        Results of Operations
        ---------------------

When used herein, the words "may", "will",  "expect,"  anticipate,"  "continue,"
"estimate," "project," "intend",  "plan" and similar expressions are intended to
identify  forward-looking  statements  within the  meaning of Section 27A of the
Securities  Act and  Section  21E of the  Securities  Exchange  Act of 1934,  as
amended,  regarding events,  conditions and financial trends that may affect the
Company's future plans of operations,  business strategy,  operating results and
financial  position.  Forward-looking  statements  are not  guarantees of future
performance  and are  subject to risks and  significant  uncertainties  and that
actual  results  may  differ   materially   from  those   included   within  the
forward-looking statements as a result of various factors. The occurrence of any
unanticipated  events may cause actual results to differ from those expressed or
implied by the  forward-looking  statements  contained herein. You are cautioned
not to place undue reliance on these statements, which speak only as of the date
of this report.

OVERVIEW

Please find enclosed the Consolidated Balance Sheet as at September 30, 2000 and
1999 and the  Consolidated  Statement of Operations and Deficit and Consolidated
Statement of Cash Flows for the three and nine months ended  September  30, 2000
and 1999 for e-Auction Global Trading Inc. (e-Auction).

e-Auction  was  originally  incorporated  in Nevada on January 8, 1998 under the
name Kazari International,  Inc. On February 26, 1999, Kazari,  e-Auction Global
Trading Inc. (Barbados) entered into a share exchange agreement. Pursuant to the
agreement,  Kazari purchased e-Auction (Barbados) shares on a one for one basis.
Kazari  had no viable  business  activities  at the time of the  share  exchange
agreement. On June 10, 1999, Kazari amended its name to e-Auction Global Trading
Inc.

e-Auction currently has a wholly owned subsidiary,  e-Auction (Barbados),  which
in turn has one wholly owned subsidiary, Aucxis Corp. (Canada). The Company also
owns  Aucxis  Corp.  (Belgium),  directly,  which in turn has one  wholly  owned
subsidiary, Schelfhout Computer Systemen N.V. ("Schelfhout"), a Belgium company.
e-Auction also has a 48.2% ownership interest in e-Auction  Australasia Ltd., an
Australian company.

HIGHLIGHTS OF THE QUARTER

Revenue for the nine months ended September 30, 2000 was $2,931,321  compared to
$0 in the similar period in 1999.  Revenue for the three months ended  September
30,  2000 was  $951,401  compared to $0 in the  similar  three  months for 1999.
Increases in revenue were driven by the  Company's  acquisition  of  Schelfhout.
Schelfhout  derives its revenues from the development and  installation of clock
systems,  cooling  installations and maintenance for auction halls. Net loss for
the  nine  months  was  $3,127,585  compared  to a  loss  of  $2,196,586  in the
corresponding  period in 1999. Net loss for the three months ended September 30,
2000 was $1,586,887 compared to $1,558,335 in the similar three months for 1999.
The  increase in net loss for the nine months is  partially  attributable  to an
increase in depreciation and amortization of $1,194,889.

LIQUIDITY AND CAPITAL RESOURCES

As at  September  30, 2000 the company had cash of  $7,838,378,  the majority of
which is from the $7.5 million financing completed in June 2000 and underwritten
by ABN AMRO Capital  Investments  (Belgium).  During the quarter ended September
30, 2000 cash decreased by $2.4 million. Of this, approximately $1.2 million was
to fund ongoing operations,  approximately  $750,000 was used to fund Kwatrobox,
and deferred revenues decreased by approximately $264,000.

                                       15
<PAGE>

PART II - OTHER INFORMATION

ITEM 1. Legal Proceedings
        -----------------

     a)   A  shareholder  derivative  action was brought  against the Company on
          November 17, 1999 in the United  States  District  Court in California
          against  the  Company,  its  subsidiaries,  two of its  directors  and
          several other companies and individuals.  The proceeding  alleges that
          the reputation of Sanga  International,  Inc.  ("Sanga") was damaged
          and that the  defendants  were liable for: (i) engaging in  conversion
          (ii)  engaging in fraud (iii)  interfering  with  Sanga's  prospective
          business  advantage  (iv) breach of contract (v) violating  California
          usury laws and (vi) breach of fiduciary duty.

          The  proceeding  was stayed on November  29, 1999 as a result of Sanga
          filing  for  Chapter 11  bankruptcy  protection  in the United  States
          Bankruptcy Court.

     b)   On February 7, 2000 a second  action was brought  against the Company,
          its subsidiaries,  two of its former directors,  QFG Holdings Limited,
          Ventures North  International  Inc. and several other  individuals and
          companies in the United States  District  Court,  alleging  defendants
          breached  their  respective  fiduciary  duties  to  the  plaintiff,  a
          shareholder of Sanga International Inc.

          Subsequent to quarter end, the California court dismissed the action.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS
        -----------------------------------------

ITEM 2.           CHANGES IN SECURITIES AND USE OF PROCEEDS
                  -----------------------------------------

         On November 1, 2000, the Company completed its acquisition of Kwatrobox
b.v., a Dutch company. Pursuant to the purchase agreement, the Company issued as
of June 5,  2000 an  aggregate  of  1,100,000  shares  of  common  stock  to the
shareholders of Kwatrobox b.v. in partial  consideration for the purchase of all
of the shares of Kwatrobox b.v. For  accounting  purposes the purchase price per
share is deemed to be $1.48.  The offering was made in an off-shore  transaction
to foreign institutional and individual purchasers who represented that they (i)
were not U.S.  persons and were not acquiring the  securities for the account or
benefit of any U.S. person,  (ii) were accredited or  sophisticated  purchasers,
and (iii) would resell the securities  only in compliance  with  Regulation S as
promulgated by the SEC under the Securities Act of 1933, as amended (the "Act").
The  purchaser  understands  that they must hold the  shares  for an  indefinite
period  of time  unless  the  sale or other  transfer  thereof  is  subsequently
registered  under the Securities Act or an exemption from such  registration  is
available at that time. In issuing the above referenced securities,  the Company
relied on the exemption afforded by Section 4(2) of the Act and Regulation S, as
transactions  by an issuer not involving any public  offering to a non-US person
in an off-shore transaction.

ITEM 4.           SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
                  ---------------------------------------------------

         There were no matters submitted for a vote of securities holders during
the three months ended September 30, 2000.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

EXHIBIT #            EXHIBIT NAME
---------            ------------

Exhibit 27           Financial Data Schedule

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

Date:  November 10, 2000                 e-Auction Global Trading Inc.
                                                    (Registrant)



                                    By: /s/ David W.A. Hackett
                                       ---------------------------------------
                                          David W.A. Hackett
                                          Chief Financial
                                          Officer (Duly Authorized Officer)