Bid.com International (BIDS) Message Board

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

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To: Sili Investor who wrote (8503)	2/2/1999 7:24:00 PM
From: Golden Domer	Read Replies (3) of 37507

One last thing about NASDAQ listing requirements It appears that BII currently can only use alternative 3 to get listed on NASDAQ National Market -- it does not have any pretax income (which knocks it out of alternative 1), and I don't think it has net tangible assets of $18 million (which precludes alternative 2). Looking at the requirements for alternative 3, the only requirement that BII does not currently meet (or could easily meet, such as having 4 market makers) is the $5 minimum bid price. NOTE: for initial inclusion, there is NO requirement that the issuer hold a $5 minimum bid price for 30 consecutive days. I have no idea why people keep talking about the 30 day thing!

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