Bid.com International (BIDS) Message Board

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Microcap & Penny Stocks : Bid.com International (BIDS)

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To: the Chief who wrote (6296)	1/15/1999 3:04:00 PM
From: Chad Barrett	Read Replies (1) of 37507

Chief, I was the one who asked you and essentially brought up that issue again..... and from all of the digging that everyone has done since then, I still haven't seen anything mentioning the need to maintain the share price for 30 days! It would be nice to talk to the company and ask if they know what requirements they must meet to get on the Nasdaq (not OTC). The best that I have been able to make of this situation is that the 30 day reference came from a mention of what a company must do in order to maintain its listing on the Nasdaq. It says something to the effect that if the companies share price falls to low it will be given a warning and have 30 days to get itself back in order. So, from this I would personally interpret that BII doesn't necessarily have to maintain the share price for 30 days. (unless somebody can find this in the Nasdaq regulations?) However, I don't think the Nasdaq will bring them over until they have demonstrated that they can "maintain" that share price (whatever that means.... basically they will want to feel that the company won't have problems maintaining the minimum share price once it is there) The company also probably does not want to go there until they feel they are maintaining their share price in a comfortable range. .... but what the heck do I know? (not much) I'm just trying to use some common sense... a spike in price to the minimum price level won't be enough to satisfy Nasdaq... they will have to show some "stability" in that range.... Chad PS - The 30 day rule sounds logical, so it would make sense if it does exist.... nobody has been able to quote it here yet though.

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