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

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To: Tiger USA who wrote (21463)4/16/1999 1:01:00 PM
From: Brian L  Read Replies (1) of 37507
 
John:

I spoke to their IR person as part of my DD. He said then that the way it would happen is the stock would be halted, for a day perhaps two, the announcement would be made, then trading would re-open on both the TSE and NAS. The reasoning behind the extended halt is that it would generate publicity and build demand. Makes perfect sense to me.

Bottom line: anyone waiting to buy post-annoucement will be competing for NASDAQ co-listed shares with all the US investors.

That was a couple of months ago, I don't know if plans have changed since.

HTH,

Brian

>>Do you think there are people hoping to get in after a NASDAQ announcement but before the actual listing day?
They may not get that opportunity if anything is announced after the close, and trade starts Monday as speculated. Just a thought.
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