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

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To: Steelguy who wrote (13383)3/25/1999 10:40:00 PM
From: Tiger USA  Read Replies (2) of 37507
 
In the U.S. A company must file a form with the SEC if it plans to buy more than 5% (I think) of another company. Does this apply, if the company was going to buy shares of a canadian company right on the TSE market? Just wondering, if that were the case EBAY could buy a majority stake in BII right off the TSE exchange, no warning, no filings, no deals in the works, etc.

John
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