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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mad2 who wrote (5803)1/10/1999 6:25:00 PM
From: ChainSaw   of 18998
 
Post's Critchley says Nasdaq listing way paved

Bid.Com International Inc BII

Monday Nov 23 1998

The Financial Post reports in its Saturday edition that Bid.Com International's current financing paves the way for a Nasdaq listing. Inside Finance columnist Barry Critchley, in a back-to-back column facing Ian Karleff's Hot Stock touting of Bid.Com, says that Bid.Com extracted good terms in the latest financing. Brian Campbell, head of Yorkton Securities' technology and telecommunications investment banking group, says the current deal has been structured such that the attached warrants HAVE TO BE EXERCISED before a United States public offering of at least $7-million (U.S.) is undertaken. He says that Yorkton and Bid.Com are paving the way for a Nasdaq listing. Yorkton has led the three deals for Bid.Com, which used to trade as Internet Liquidators International on the Canadian Dealing Network before it moved to the Toronto Stock Exchange in July. On Thursday, 12.4 million shares traded, and on Friday the volume was 3.1 million shares.


Chain Saw
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