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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: BlueChip who wrote (9920)2/16/1999 8:18:00 PM
From: Boolish  Read Replies (2) of 37507
 
Here is the way I see the picture (I'm sure it will be ripped apart but hey thats what I'm here for) as it relates to this stock. Have been long since Dec. 3 and have not regretted it for a second. If anything today was just another brick towards establishing this company. The points made by both Kris and Doug are both valid. We are still a long way away from a Nasdaq listing. Here is my argument based on speculation. Godin knows we are a long way from a listing due to the time it takes for processing. Godin also knows that the stock can not fall apart between now and then. Therefore I infer that the application towards the Nasdaq will be followed up with significantly stronger financials. If Godin knew that the financials would be published before his application was processed then it would make no sense to try and squeeze it in under the wire. What kind of reception would the stock get on the Nasdaq if its premiere was followed by poor financials. Godin and others of the company know the stock would turn to shite if this is the case. Therefore it would only make sense to make the application if it were followed by reasonably acceptable financials. Is anyone following? Comments? One thing godin is not is an idiot!
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