Bid.com International (BIDS) Message Board

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

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To: Rich Investor who wrote (6402)	1/18/1999 7:42:00 AM
From: Mr. Forthright	Read Replies (2) of 37507

<<I also agree that BII is a very attractive takeover target for a bigger competitor, but I don't really view this a positive turn for the company. If it were to occur tomorrow, we might get as much as $10.00-$15.00CDN per share at the most, end of story. No company is going to pay more at present to buy BII out. It just simply isn't worth more at the present and has less profile than the big four. When completing mergers/takeover deals, fundamentals rule and there is no room for hype and "what the company may be worth." It is a very BIG "may" indeed. I also don't think BII shareholders should count on receiving any significant positions in a larger competitor in a takeover arrangement. Why does a competitor have to offer such incentive if the company is an easy target as I believe it is, and if less than 10% of the shares are held by insiders? Experience working on these deals tells me that it is unrealistic to have too many high expectations. Just a thought. PS: Was not trying to offend Donkeyman, but his posts are full of hype and "what he would like to see happen" versus "what is happening" It's okay to dream. It's not a crime. I do it too.>> How about your post? Full of, how should we say, wishful thinking or amateurish speculation?

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