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

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To: Thomas Kirwin who wrote (12942)3/24/1999 9:23:00 PM
From: Serge Collins  Read Replies (1) of 37507
 
Thomas: The company simply doesn't qualify for listing on the Nasdaq National Market as per the new listing requirements that took effect last August. A company has to have a pre-tax profit of at least $1 million (US dollars of course) in its latest fiscal year, or $1 million pre-tax profit in two of the last three years. BII doesn't cut it on that score, and these rules are not flexible as I have been assured by a Nasdaq official.
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