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

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To: Sitcom who wrote (22174)4/19/1999 11:43:00 AM
From: ysell  Read Replies (2) of 37507
 
I spoke with Victor at FRB in NYC. Here's what he had to say: BII wants to trade on the national market (i.e., creates presence, increases profile). The 22nd of April marks the expiration of the period above $5. He anticipates that the stock will trade on Nasdaq shortly after that. Bii will not opt for a small cap listing. So, if Victor is right, the news will come later this week and not tomorrow. Now, in anticipation of the vitriol which is about to fly, these calls are easy to make, so go ahead and make them yourself. Certainly Victor's comments are inconsistent with comments from Nasdaq, such as call back tomorrow and trading is imminent. I am not posting the main number at FRB because you can get it yourself and I may want to call Victor again. With the number posted here, he'd certainly receive several calls in the next five minutes (he probably will anyhow). I note that Victor seemed like a junior on this file; not the individual responsible for the mandate.
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