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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Serge Collins who wrote (24940)4/23/1999 1:10:00 PM
From: mccowaner  Read Replies (3) of 37507
 
I think you missed the point... It was the timing of the downgrade that has caused such a furor especially given the history of Yorkton with BII. The facts Pavan pointed out in his interview were the facts that existed in February and March. Why did he wait until the stock listed on the Nasdaq ?

In addition, the stock decline caused Greenline (for one) to call their margin accounts. Is it legal to do that without prior notice? Sort of like changing the rules in midstream. If the brokerage determined that they wanted to change the rules, that is their prerogative, and therefore apply the change to future transactions. However, it seems to me that the existing accounts should not have been effected unless given appropriate notice in order to allow the shareholders to make alternate arrangements. Think about it !!
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