Mr. Pink's Picks: selected event-driven value investments Message Board

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

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To: Ruyi who wrote (6592)	2/7/1999 5:58:00 PM
From: Ruyi	Read Replies (1) of 18998

BII 3 equity financings CLOSED in 3rd qtr. Operative word CLOSED these are the 3 in total from Jan 98 to Sept. 98, does not obviously include the Nov 98 deal. The point being BII announced and as confirmed by IDIOT Investor three placements from JAN.98 to SEPT. 98 . BII statements states proceeds, as I stated not all CASH. If the earlier 98 offerings took to last qtr. to close it is possible NOV. offering still not closed as I have previously stated. The company's balance sheet reflects the closing of three equity financings United States and Europe provided more than $13-million in gross proceeds to Bid.Com. What it doesn't say is $6 mill. plus of gross proceeds is future advertising BII is receiving from Rogers, NOT CASH as payment on shares but rather promotion of BII on Rodgers. Excerp from BII 3rd qtr. filings The company's balance sheet reflects the closing of three equity financings in the third quarter, with investors from Canada, the U.S., and Europe. These financings, from new distribution partner, Rogers Media Inc., from BID.COM's supply chain, and from financial institutions, provided more than $13 million in gross proceeds to BID.COM.

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