Bid.com International (BIDS) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Pluvia who wrote (26958)	4/27/1999 1:58:00 PM
From: Ruyi	Read Replies (7) of 37507

The National Post reports in its Tuesday, April 27, edition that Yorkton Securities chief executive officer Scott Paterson says his firm should be credited with having the guts to suggest a company it had underwritten had an overvalued share price. The National Post's Garry Marr writes that instead, Yorkton came under heavy criticism from investors, upset that Yorkton analyst Mark Pavan had issued a five-page morning comment last Wednesday saying Bid.Com International had a relative value of $2 to $3 compared with other on-line auction stocks. Mr. Pavan's comment helped drop the stock to $8.50, but yesterday it had skyrocketed to close at $24.50. Mr. Paterson says, "In our business it is very, very rare that a dealer has the courage to recommend a sale on one of its underwriting clients."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next