Called the NASDAQ on March 30.
They said that it would take 45-60 days from Feb 16 for the approval. They could only say that they received the application and that they would more than likely be approved, but were not in a position to say much more than that. Also attempted to call the company, but no luck... with the amount of people calling one person, I may get a response sometime in 2003. As far as a nasdaq listing it may not even matter since everyone who wants to buy the stock knows where to find it, this was the greatest marketing strategy they could have pulled off. It should give them more traffic on their site... the more people buying the shares the more their site gets noticed. Now, as far as a buyout by e-bay , amzn, ubid, onsl, or egghead--- The stock did not move for no reason at all, not with that kind of volume and if there was a takeover, EACH OF THE PARTIES WOULD EITHER DENY IT OR NOT COMMENT. This is very normal. Prior to Loblaw's purchase of Provigo both companies denied the rumour yet everybody knew it was happening but nobody knew the price, this is just one example of many. The parties can't have the price elevate too much otherwise the deal gets too expensive for the buyer, and is called off. The recent trading days have shown the effects of American buying, it was like throwing a piece of meat (BII) in a cage of hungry tigers (U.S. Investors), leaving the shorts on their behind. Something is cooking. |
