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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: the Chief who wrote (5059)1/9/1999 1:34:00 PM
From: donkeyman  Read Replies (2) of 37507
 
In order for BID.COM to get on the NASDAQ they have to maintain a price of CDN$7.50/share for a month from what I can understand. If one held 2000 shares of BID.COM at a price of Cdn.$5.50/share and BID.COM decided to double the price to Cdn.$11.00/share but reduce your 2000 down to 1000 shares, wouldn't that be a fast track to the NASDAQ? In other words, BID.COM's total shares outstanding would be slashed in half???? When Zoom entered the NASDAQ their IPO price range was raised to US$12.00/sh. to US$14.00 from US$9.00/sh. to US$11.00/sh. and its size had been raised to 4 million shares from 3 million shares. So it seems a company can manipulate its shares going on the NASDAQ.??? Is there another way? For example, when UBID entered the NASDAQ, didn't they control the number of shares they put on the NASDAQ and held back so many??? IF they did, how was that possible? Could BID.COM do the same thing? One thing about BID.COM if they can get their business swinging in Europe, there will be a demand for their shares in a population of 290 million not to mention a large demand for those same shares in the United States with a population of 300 million. Plus Canada's 30 million will hold down a certain Percentage of BID.COM, shares.!! This International exposture and demand for shares (especially in Europe) will be a luxery I doubt companies like UBID, ONSL and EGGS etc., have.
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