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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Sili Investor who wrote (8915)2/5/1999 10:25:00 PM
From: NTT  Read Replies (2) of 37507
 
I'm pretty positive Yorkton is shorting. If you look at this past month it's about 4 million short. If you go back another month when it was trading in the $2.50-$3.50 range, they were still shorting. Sure there were a few days where they were net positive, but overall they were still short about 700k shares for the month.

I would totally agree with your warrant theory except for the fact that I think they've already sold the entire warrant allotment (5.7M if I remember correct?) a couple of months back.

Back in November when the warrants were announced, they dumped 5.6M shares. It blows my mind that the stock price was actually rising given their selling! Since that time they've sold an additional 4.7M shares or so. I went back to months before then and they didn't really have any type of accumulation.

So unless I'm mistaken in the number of warrants they had, they are most definitely shorting BII. No question about it. I'd love to be corrected here if I'm overlooking something.

Personally I think this is a very good thing for BII. If Yorkton is indeed short roughly 5 million shares when this hits Nasdaq, they are going to make the price skyrocket when they are forced to cover, especially with a huge amount like that! I guess it will all be very obvious if we look at the trading pattern on the day that this hits Nasdaq. Let's hope they short another 10 million. With nobody selling when the Nasdaq news hits, and them having to cover, this is going to easily triple while still on the TSE ;-)
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