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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: bc who wrote (255)2/18/1998 10:31:00 AM
From: bc  Read Replies (1) of 37507
 
To All:

It appears that yesterday's news release was viewed negatively by investors, judging by the falling share price.
I would like to add a few points that Laurel of Bidding on Bay St. mentioned in her follow up after the release which are positive for ILII.

--By not exercising their warrants, it releases the control option agreement that was in place between AOL and ILII. When this agreement was initiated, ILII was trading between .65 and .77. It provided a safety net for AOL and a compromise for ILII.
--Had AOL exercised this option it would have given them a 51% interest and thereby they would have received control of ILII.
--In addition it would have meant a near double in shares---major dilution.
---Apparently the AOL control issue and the threat of dilution was more of a problem for prospective investors in the U.S. who better understand the story and apparently are keen on ILII prospects.
---An independent company now, ILII is in a much better position to form new strategic alliances with the leaders without the looming potential of control of AOL hanging over head---difficult to negotiate with the other leaders when this was an issue.

It appears that ILI is very heavily exposed to the AOL.com audience and the existing schedule calls for considerable exposure in 500 areas, in many cases on a rotational basis, and roughly an equivalent amount of exposure within AOL networks.
Once this all filters into the investment community we should see more strength in the stock.
Another point worthy of mention is that Canadian analysts are way behind their counterparts when it comes to Internet companies. Unlike the U.S. there is not a single Canadian analyst devoted to Internet stocks.
Regards,
Bonnie
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