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

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To: Ruyi who wrote (16343)4/3/1999 8:53:00 PM
From: Thomas Kirwin  Read Replies (2) of 37507
 
BII Has Cash!

Dagan,

Now that is a revelation coming from you!

>>I'm not referring to insider selling , rather why the company sold 75 % of outstanding stock as recently as DEC.98 (10 mill.)for $1.50 share. The proceeds from the last 12 mill. sold still in the bank as of MAR.<<

The pricing of the stock or warrants was determined by the market. There was no miscalculation!

Regards,

Tom
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